InvestorsHub Logo
Followers 91
Posts 17876
Boards Moderated 0
Alias Born 09/06/2006

Re: anders2211 post# 345576

Thursday, 01/07/2021 2:17:25 PM

Thursday, January 07, 2021 2:17:25 PM

Post# of 723366

4. Its very difficult to imagine the reasons for the 2 months delay are so trivial as the valuation of options and Flaskworks. This could never take longer than perhaps 1 or 2 days.


Depending on the significance level of the acquisition, NWBO could have to produce 2 years of audited financials on Flaskworks, As a private company, Flaskworks' books might not have been in the best of shape. I could easily see the acquisition being more of an issue than the rest of the 10-Q in totality.

Also, I have never heard of any ability to ask the SEC for permission to not file. There is the form NT10-Q which is notification that the submission is late by up to 5 days. That is all I see. It is rule 12B-25 of 17 CFR if you care to look.

https://www.law.cornell.edu/cfr/text/17/part-240#subjgrp77


Please tell me under what law and regulation the SEC allows companies to request to not file. I am all ears.
Volume:
Day Range:
Bid:
Ask:
Last Trade Time:
Total Trades:
  • 1D
  • 1M
  • 3M
  • 6M
  • 1Y
  • 5Y
Recent NWBO News