Based on the actual wording of SEC regulations (SEE EXCERPT BELOW) the filing must take place within 5 calendar days after the 15th. That means 16, 17,18,19,and 20 of February. Since the filing is done electronically through Edgar (who never sleeps) we have been waisting our time waiting for the 18th to be the final day when actually the filing could take place on Feb. 20th based on the complexity of the corrections/adjustments that need to be made.
For these reasons, the Company is unable to file its Quarterly Report on Form 10-Q within the prescribed period without unreasonable effort or expense but expects to make such filing within five (5) calendar days of the due date, as required for the extension provided by Rule 12-25.