Re: late filing SFMI maybe a pending financing!
in response to
by
posted on
Aug 15, 2013 12:14AM
(Edit this Message from the "Fast Facts" Section)
A general description of these types of filings:
A filing with the Securities and Exchange Commission (SEC), also known as the Notification of Late Filing. It is used when a company anticipates that other key filings will not be completed by their deadlines. By filing Form 12b-25 in a timely manner, a company may avoid further penalties associated with failing to file their required forms. Included on the form is a description of why the late filing is taking place and whether or not the company expects any major surprises compared to its prior year's filing.
This is the interesting part of the filing:
The Registrant has been unable to complete all aspects of its Form 10-Q for the period ended June 30, 2013 on, or prior to, the prescribed due date because of additional time required by the Registrant to complete a pending financing. The Company expects to file its 10-Q on or before time allotted under this notification.