Rule 12b-25 -- Notification of Inability to Timely File All or Any Required Portion of a Form 10-K, 10-KSB, 20-F, 11-K, N-SAR, N-CSR, 10-Q, 10-QSB, or 10-D.
...The subject annual report, semi-annual report or transition report on Form 10-K, 10-KSB, 20-F, 11-K, N-SAR, or N-CSR, or portion thereof, will be filed no later than the fifteenth calendar day following the prescribed due date...
Blame? There's nothing wrong with filing an extension like thousands of other companies have done before. The funny thing is the last time I had this discussion with somebody on the meaning of filing a routine extension that company got bought out at a massive premium very shortly afterwards proving that routine extensions are commonplace and mean nothing so there's nothing to "blame" when it's not a negative mark in the first place.
You will see a laundry list of companies file an extension today and many of them will report blockbuster results later on and within the extension period.
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