Optec International Inc (OPTI)

[HotterMama]

"Timely filing of Form NT results in an automatic one-time grace period (emphasis added) of five days for 10-Qs and 15 days for 10-Ks."

"A grace period" is a period immediately after the deadline for an obligation during which a late fee, or other action that would have been taken (emphasis added) as a result of failing to meet the deadline, IS WAIVED (emphasis added) provided that the obligation is satisfied during the grace period. In other words, it is a length of time during which rules or penalties are waived or deferred. (emphasis added).

In my opinion, that means that as long as the 10K is filed on or before April 15th, IT IS NOT LATE.

Of course, semantics is always open to differing interpretations and opinions. That is why I encourage everyone to do their own due diligence.