AgFeed Industries Inc. (fka FEEDQ)

[ScovilleUnits]

FEED: Filed New Form NT 10-K, Annual Report to be Filed Late - Edgar

http://xml.10kwizard.com/filing_raw.php?repo=tenk&ipage=8144324

PART III — NARRATIVE

State below in reasonable detail why Forms 10-K, 20-F, 11-K, 10-Q, 10-D, N-SAR, N-CSR, or the transition report or portion thereof, could not be filed within the prescribed time period.

AgFeed Industries, Inc. (the “Company”) is unable to file its Annual Report on Form 10-K for the year ended December 31, 2011 within the prescribed time period without unreasonable effort or expense. As previously disclosed, on January 31, 2012, the Company announced that its special committee of the board of directors had completed its investigation into certain accounting issues in the Company’s animal nutrition and legacy farm hog operations in China. Also, as previously disclosed, the Company is in the process of restating its financial statements for unaudited financial statements for the quarters ended March 31 and June 30, 2011 and June 30, 2010, as well as its audited financial statements for the years ended December 31, 2010, 2009 and 2008. Due to its ongoing work in connection with restating certain financial statements, the Company is unable to predict when it will be in a position to file its Annual Report on Form 10-K for the year ended December 31, 2011. The Company intends to submit such filing as soon as practicable.