post 64745 your post
8/15 is going to become an issue.
Bottom line: 2 reports are needed to be current, HOWEVER 3 reports are needed to be current on 8/15!! (2011 10k, 2012 Q1, and 2012 Q2, unless an extension is filed for additional time).
Ingenium pumped out a Q in 3 weeks, I have no problem assuming they can do it again. So let's assume the 10k is out next week, that leaves about 6 weeks to complete 2 Qs and not need an extension for the 8/15 Q2 deadline. Let's assume the 10k is out in the first week of July, still leaves around 6 weeks for 2 Qs and the possibility of an extension.
NOW, assume the 10k comes after the first week of July...we are in trouble. Then the co only has ~5 weeks or less to complete 2 Qs by 8/15.
The way I see it if this is the case(10k coming out after first week of July) the co will hold the Q1 until after 8/15. Why? The co promised filings on time as soon as current, wouldn't it look bad if their very first filing after being current is late?
Moral of the story we need 3 filings in about 8 weeks(or an extension) to be current on 8/15. If you are dismissing the 8/15 date you are not looking at the full scope because it is crucial right now.
