Replies to post #3860 on Avenir Wellness Solutions Inc (AVRW)

[PURA VIDA]

Crickets...... Is the company still in business ?

The LATE FILING:

A company has 15 calendar days after the original due date to file a late 10-K if it files a Form 12b-25 notification of late filing within one day of the original due date. This extension is a one-time grace period. If the 10-K is not filed within those 15 days, the company is considered delinquent from the original due date.

Key points about late 10-K filings:

Form 12b-25:
Companies must file a Form 12b-25 notification with the SEC no later than one day after the original 10-K due date if they cannot file the report on time.

Extension:
Filing Form 12b-25 provides a 15-day extension to file the late 10-K.

Delinquency:
If the 10-K is not filed within the 15-day extension, the company is considered delinquent as of the original due date.

Penalties:
Late filings can lead to various penalties, including delisting by stock exchanges and difficulties raising capital.

BANKRUPTCY or MIRACLE - That's still the question. I maintain BANKRUPTCY as a prediction.