RE:RE:RE:RE:RE:I haven't spent more than a few minutes on this stock I'm in the camp where the late filing is a joke. To me, the most damning evidence is Cole's email to a poster where they believed they didn't have to comply with the NASDAQ requirements. IMO, this demonstrates a complete lack of fudiciary responsibility, and this is a mess that should have been completely avoidable.
I'm long the company, and bought more on Dec 16th, but it ticks me off to no end that they keep doing this cr@p.
They want to be treated like big boys, they want to be respected like big boys, but then they make a serious administrative fumble like this.
They need to do better.
Having said that, they are over 7% of my portfolio, and over 30% of my non-dividend payers, so I have a lot riding on them, and I do hope for the best in 2022 - including no more of these types of misses.
Hoover69 wrote:
I have to agree with B2B on this one - It looks unprofessional and is questionable. One can argue whether they missed the actual deadline last year, but I can still remember Jan 29, 2021 very clearly and the fact that:
a) they cancelled the earnings call with no explanation
b) the stock did not trade at all that Friday
c) the company did not communicate anything from Friday thru that weekend
d) most of us were stressed for that 72 hour period
I spoke with Cole Stevens after that and he indicated the delay was due to the auditors "partner peer review process" and that this should not happen again.
Thus, this current incident is disappointing and impacts the companies credibility.
I am still long Quipt but whenever this type of thing happens, it makes me further question my investment.
Heres to a great year for Quipt and to 12 months of civil/productive dialogue on this board - from me included. All the best.
lscfa wrote: Lying pos. No deadlines missed last year.
besttobe wrote: They missed last years reporting deadline due to supposed auditors and now they missed this years reporting deadlines due to supposed auditors.
You would think given a financial report card is the most important thing to any investor/shareholder, they would take every efford to find an auditor that can meet the companies deadlines.
Pathetic....