SMID - I read their NT 10-Q again today. It seems a little odd to me. Here is their reason for not filing on time:
Smith-Midland Corporation (the “Company”) has determined that it is unable to file its Quarterly Report on Form 10-Q for the fiscal quarter ended June 30, 2023, within the prescribed time period, without unreasonable effort or expense, as the Company requires additional time to appoint a new independent registered public accounting firm. The Company does not anticipate being able to file its Quarterly Report on Form 10-Q until such time that the Company has transitioned to a new independent registered public accounting firm.
They knew they needed a new accounting firm three months ago.
I have seen lots of $1 stocks with strong earnings and solid balance sheets triple, quadruple and more, but I have yet to see one go below zero.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.