Don't Shoot the MessengerHey all,
As I noted last week, Loop has not yet filed its Q2 financial reports, despite the fact that the delayed covid deadline for venture companies was Friday, October 16th. The last filing was for Q1 results on May 29th. I emailed the company mid last week about this issue, and have not heard anything back. Take that for what it's worth. I'm just reporting the facts.
This is actually the first time I've ever seen a company -- small or large -- miss a filing deadline by this wide a margin, without any guidance about it.
Rest assured, Rob knows about the filing deadline. The question is why has Loop missed it, and why has he said nothing about it?
I'd appreciate insight from anybody with specific information about Q2 filings.
For what it's worth, I hold only a small position of a few thousand shares, purchased at a low price point. For that reason I plan to continue holding for now. However, anybody with an especailly large position or for those thinking of loading up on more shares, you may wish to factor this in. At the very least, the optics of not filing seem a bit sketchy.
GLTA