RE:BIG DUMPUnless somebody knows something about the finiancials, I do not see a reason for the dump. However, it may have something to do with difficulties that they are having with other managed companies (MacDonald, Honey Badger, Red Pine) as I believe McKinnon and Scherba left them with a mess. That may have caused them some difficulty in completing the filing on time. Nonetheless, they indicate that they do not anticipate any significant deviation fro their financial position as recorded from last year. See below from the finling:
State below in reasonable detail the reasons why Form 10-K, 11-K, 20-F, 10-Q, N-SAR, or the transition report or portion thereof could not be filed within the prescribed period. (Attach extra sheets if needed.)
Registrant has been unable to complete its Form 10-K for the year ended June 30, 2015, within the prescribed time without unreasonable effort or expense because of delays in completing the preparation of its financial statements and its management discussion and analysis. It is anticipated that the Form 10-K Annual Report, along with the financial statements, will be filed on or before the 15th calendar day following the prescribed due date of the Registrant's Form 10-K.
PART IV
OTHER INFORMATION
(1) Name and telephone number of person to contact in regard to this notification
Peter D. Liabotis (416) 364-4911
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(Name) (Area Code) (Telephone Number)
(2) Have all other periodic reports required under Section 13 or 15(d) of the Securities Exchange Act of 1934 or Section 30 of the Investment Company Act of 1940 during the preceding 12 months or for such shorter period that the registrant was required to file such report(s) been filed? If the answer is no, identify report(s).
[X] Yes [ ] No
(3) Is it anticipated that any significant change in results of operations from the corresponding period for the last fiscal year will be reflected by the earnings statements to be included in the subject report or portion thereof:
[] Yes [ X] No