Replies to post #967 on Cardinal Resources Inc fka CDNL

[Opportunity Strikes]

Why would the late filing make the stock fall off of someone's portfolio?

[mattd]

FYI - Markets have different approaches to companies that don't file required reports in a timely manner, or that file incomplete reports. For instance, on the OTCBB, after the "E" is added, the company is given a "grace period" to submit a complete report, typically 30 calendar days for U.S. companies and 60 calendar days for most U.S. banks and non-U.S. companies. If the company files complete required reports during the grace period, the "E" will be removed; if it does not, the company's stock symbol will be removed from trading on the OTCBB. For more information, please read the following:

[mattd]

Typically - once the company files late notification, no later than the 15th of the month, it has 5 calendar days to file before having the E added to stock. Most company are very aware of that and do their best not to be delinquent.