ABCO Energy Inc. (ABCE)

[tasari]

Yes I finally found why buying with so high volume !

They just posted a form 8-K

https://www.otcmarkets.com/filing/html?id=14042730&guid=1XcWU6MMl9GkH3h

to say they are late with year result 2019 !
The good news is there are busy doing it, like I said you estimate is 15 april 2020, hopefully a week earlier or more ! They say it have to before 14 may 2020...

I cite :
"The Company encountered extreme difficulties in completing a timely review and preparation of the financial statements as at December 31, 2019 for inclusion in the 2019 Form 10-K Annual Report in sufficient time to permit the said Report to be timely filed without immeasurable expense and effort, all because of the continued negative effects of the COVID-19 on such preparation and filing. The Company’s internal accounting procedures have been substantially impeded due to current quarantines, local control measures and/or travel restrictions in the Tucson, AZ area imposed thereon. Accounting confirmation from our customers, suppliers and banks for audit preparation have been delayed.

Over 80% of the solar panels used in our operations are produced in China and close to that percentage of solar related parts also come from China. The operations of our China suppliers have been severely curtailed. The delay in the delivery of needed parts to the Company by our China suppliers to complete jobs has adversely affected the Company’s operations. These interruptions caused long delays in the preparation of the 2019 FY financials.

In addition, Coronavirus issues have caused Company sales to plummet and this has caused Management to divert its efforts on the 2019 10-K and Annual Report to give serious considerations to future internal sales and growth forecasts and to re-direct our sales efforts accordingly. "

So the bad news is, of course, the effect of coronavirus and China, but everybody knew already