I don't believe there are any fines or penalties associated with filing excessive NT-10Qs. As long as the filer complies with the extended deadline to file their 10Q or 10K, then they're fine. Also, the 5 day timeline is correct this time, as an NT-10Q gives you a 5 day extension on quarterly filings, and a 15 day extension on annual filings. What he did wrong previously was leave the 5 day language on his NT-10K, instead of changing it to 15.
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