Replies to post #885 on Financial Gravity Companies Inc. (FGCO)

[Sobek]

If a fifteen day grace period was applicable as an exception to their quarterly being filed late, as opposed to the regular 5 day grace period (15 days for late annual report, 5 days for quarterly) that would explain why no YIELD sign on the ticker yet.

Filing was due on the 15th, the NT grace period started on the 16th, minus weekends and President's day gives them until March 9th to file. I miscalculated in my last post.

I know from their filings they ran into some complications with the accounting firm they inherited with the merger. They fired them and brought on a new firm and that was the reason for the delays.

I've been reading up on reasons for late filings, and having to change accounting firms is the number one reason for newly traded companies through reverse mergers to file late.

So we'll see what happens next week.

FYI - I confirmed the float still at 110k with the TA I think on Wednesday or Thursday last week.