You forced me to read that again. And no offense to anyone, and no offense to Thermoo who I’m sure is coming from a good place on this, but for the company to explain this delay as waiting for the auditor to sign off is just too absurd.
We’re 96 days past the end of 3Q20. If they were waiting for a ruling from the actual Financial Accounting Standards Board, it probably wouldn’t take this long. (i’m being facetious, of course.)
I really believe the company is headed to some type of significant event. And that event is either the actual reason for the delay, or will lessen the impact of whatever the cause is behind the late filing.
One caveat: If it turns out that the delay is actually do to nothing more than some non-material accounting adjustment or subsequent event, my loincloth days may be over. Don’t make me do it.
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