In fact, the 8-K did not equivocate as to the reason why the late filing. It said this with respect to that..."Form 10-Q could not be filed within the prescribed time period because the company has a small accounting staff and the financial statements were not completed in sufficient time to solicit and obtain the necessary review of the quarterly report on Form 10-Q and signatures thereto in a timely fashion prior to the due date of the Report."
Small accounting staff???? Come on, does that sound like a company positioned to blow the lid off a fairly de rigueur filing?
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