Premier Brands Inc (OTCMKTS:BRND) crashed 29.2% at $0.0160 after trading 48.75 million shares. The company filed Form 12b-25 with the SEC notifying delay in submission of Form 10-Q “due to a delay experienced by the Registrant in completing its financial statements and other disclosures in the Quarterly Report. As a result, the Registrant is still in the process of compiling required information to complete the Quarterly Report and its independent registered public accounting firm requires additional time to complete its review of the financial statements for the period ended May 31, 2013 to be incorporated in the Quarterly Report. The Registrant anticipates that it will file the Quarterly Report no later than the fifth calendar day following the prescribed filing date.”
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