Post by
longrun86 on Apr 02, 2024 11:22pm
Late Filing Penalty Info
While technically they have until 23:59 EST tonight to file, I would not be surprised if they are late...
The silver lining is that the late filing penalty according to the ASC is an astonishing $100 per day.
Reputational damage is perhaps another story...
LR
Comment by
lngisforme on Apr 02, 2024 11:56pm
Absolute completely incomplete managers. Did I just orate that?
Comment by
colourama on Apr 03, 2024 10:44am
It is curious that this is the first quarter that I can think of recently where they did not put out an announcement scheduling the release date. What are they doing over there? Is it that much effort to communicate to investors an earnings release date? These guys are being paid huge amounts of money and don't seem to be able to handle anything (from our outside perspective).
Comment by
impega on Apr 03, 2024 11:23am
The last news was the special meeting results where the Chairman essentially survived a "non-confidence" vote. You would expect the Chairman would ensure timely disclosure of the financials or at the very least issue some news as to the expected release date and/or why they are late. Puzzling behavior.
Comment by
colourama on Apr 03, 2024 2:05pm
Well, an announcement about earnings release has finally been made. Were they wrangling with the auditor about their write down of assets previously? Or they want to write down more PNG assets?