Replies to post #98616 on Marani Brands Inc. (MRIB)

[misanthrope]

They already told us that the fins will be late, so isn't bringing up the fact that there's a yield sign redundant

Company can file an extension; the thing is, the extension period requested is beyond what's allowed for an 'extended' timely filing for the quarterly report; in other words, MRIB attempted to make it look like a valid extension, when it wasn't - or wasn't to the point of preventing the 'yield' sign.

It's just another example of management's gross incompetence no matter how it's sliced and diced; for one thing, there is ZERO reason why financials cannot be completed in a timely manner, and for another, why file an extension with what is, essentially, a useless date?

[Matthew Berg]

What causes the yield sign?
They already told us that the fins will be late, so isn't bringing up the fact that there's a yield sign redundant?

Maybe it's because they are now more than late. They had five days to file not fifteen and will now be recharacterized as non reporting limited information. Not good and potentially a sign of bad things on the way.