Tri-Valley Corp (fka TVLYQ)

[SA12]

10k late again.

It's due today, anyone surprised that they won't get it out for another two weeks? Not me. Every year they miss the deadline - you'd think one year they'd be able plan ahead and get it done on time. Perhaps it's no big deal for the regulators but it's just another knock on their already dismal credibility. Management credibility has an enormous impact on valuations and the multiples a stock achieves and when management lacks credibility, the market punishes the stock.



As always, all of the above are just my opinions, no facts area ssreted.