Tuesday, April 02, 2024 10:54:55 AM
EDGAR filings must occur by 5:30pm ET (when the SEC officially ends its business day) to receive the same-day filing date. Filings submitted between 5:30pm and 10pm will receive the next business day's date. - After a Friday, the next "business day" for filing is Monday at 6am.
I believe the reason for this Notification of Late FIling, is this; the filing to discharge the Custodial Arrangement was received by the court on March 26th. The scheduled hearing date is April 11th (next Thursday) and at that time the Court is expected to turn the company over to Claude and release Synergy from the Custodial Arrangement.
I would guess that since the 11th is on a Thursday, we might get a tweet on that but and we could see the Annual report immediately following that, but definitely by Monday.
Remember; In October 2023, the Company entered into a Securities Purchase and Subscription Agreement (SPA) with Global Corporate
Finance Inc. (“GCF”), a private family office located in New York City, to provide working capital that will underpin the
Company’s growth. The SPA will enable the Company to draw up to US$5,000,000 at its discretion over a period of 30
months.
So the annual report and discharge of custodianship is just house cleaning. They've had 5 months to use that $5 mil - I think we're all waiting to hear what kind of progress has been made since they've had that asset to work with. GL2A
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