He can't. CoroWare has already been slapped with a cease-and-desist order by the SEC for their delinquent filings. This will just bring more attention from the SEC and a possible trading suspension for violating their consent order.
I find it hilarious that he informed OTCMarkets! OTCMarkets is not a regulator and has absolutely no regulatory authority of any kind. They are a for-profit PR company. Nothing more. The regulator he needs to talk to about the delinquent filing is the SEC, but for obvious reasons I guess he is avoiding them since they would likely ask some very uncomfortable questions about his consent decree over his past delinquent filings.
They can delay it as long as they want, it's just if they don't file it on time, they violate FINRA regulations.
There is really no enforcement actions for this other than being out of compliance and otc markets might change you status from pink sheet current, to pink sheet limited.
Rarely do you see sub penny stocks files there 10k's on time.
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