First of all, the extension is the same for all - 5 calendar days. They don't 'give' a certain amount of days, it is 5 days. And if the end of the extension lands on a non-trading day, it is further extended. In this case, the extension gives them until the 20th, which is on a weekend, so it is actually due on Monday, the 21st. If monday was a holiday, they would have until Tuesday. This isn't new, it's been this way for at least 15 years, since I've been an active OTC trader.
The fact that NSAV posted the 18th on their filing is because they are SUPPOSED to predict a day that they will be filed. That is meaninless. They can't be held to it.
But most importantly, to me is this:
If they were proud of the quarter, if there was any good news, they would WANT it out there without delay. The delay is a defacto indicator that the fins will not be much different than all the quarters that went before. All we are waiting for at this point is to see how much more they are in debt. They've been running a million in deficits per quarter. At some point, that will have to be fixed to become a viable company. The future here is very muddy, to me. There is no way to know if ANY of their endeavors will eventually pay off.
Obviously, they did not file them today, the 18th, at least not yet.
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