Re: I think that "the settlement" mentioned as the reason for the delay

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Re: I think that "the settlement" mentioned as the reason for the delay

in response to

I think that "the settlement" mentioned as the reason for the delay

ads123

posted on Jan 12, 2011 10:27PM

"If a settlement were to be reached, such settlement would constitute a material subsequent event to the Registrant's quarterly financial statements for the period ended November 30, 2010, affecting accounting presentation and related disclosures. Due to the uncertainty as to whether such negotiations would result in a settlement, the Registrant is not able to timely file its From 10-Q for the quarter ended November 30, 2010."