AI
Wednesday, September 12, 2007 3:26:28 PM
rap, the 8K & 10Q are not directly related. Since the company was listed at the time that the material events took place, they were obligated by SEC regs to file the 8K and report the events within a set timeframe.
Failure to file the 8K could cause fines & restrictions placed on the company. - The officers can be held personally liable for the failure to report these changes.
As I understand it (I may be wrong
, not filing the 10Q timely does NOT result in any fines. It does result in the stock not being listed on the OTC, but there's no penalty attributable to the officers for it being late or not filing.
I don't know what's going on, and would certainly like to see the Q filed, but I'm not holding my breath waiting for it.
glty
cm1
Failure to file the 8K could cause fines & restrictions placed on the company. - The officers can be held personally liable for the failure to report these changes.
As I understand it (I may be wrong
, not filing the 10Q timely does NOT result in any fines. It does result in the stock not being listed on the OTC, but there's no penalty attributable to the officers for it being late or not filing. I don't know what's going on, and would certainly like to see the Q filed, but I'm not holding my breath waiting for it.
glty
cm1
New IR Department at XKEME - working overtime for the shareholders. ;-)
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