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Oromin Explorations Ltd OLEPF



GREY:OLEPF - Post by User

Post by tony1969on Jul 04, 2012 12:40pm
225 Views
Post# 20081442

OLE must have missed the new SEC ...

OLE must have missed the new SEC ...

form 20-F deadline.  They shortened the reporting deadline from 6 to 4 months. This is why they are late. I do not think it is a big deal but they should have noticed it and got it out on time.

SEC Rules and Guidance

Form 20-F Due Date

Beginning with fiscal years ending on or after 15

December 2011, the new, accelerated deadline for

foreign private issuers to file their Form 20-F will be

four months, shortened from the previous six months.

For companies with a calendar fiscal year, the Form

20-F for 2011 must be filed on or before 30 April 2012.

While many foreign private issuers may see the

accelerated filing deadline as a challenge, we believe it

provides an opportunity to integrate the preparation of

the Form 20-F with the preparation of the year-end

financial statements and the home country annual

reporting. Although it will be necessary to start the

preparation of the Form 20-F earlier than in prior

years, an integrated process may ultimately result in

increased efficiencies in terms of commitment of time

and resources, as well as ensuring consistency of

disclosure across all year-end reporting documents.

 

 

 

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