Mezz, the NASD will append the "E" as soon as its analysts detect that the 10k hasn't been filed by the extension date. The earliest you could see the "E" would be Tuesday.
Here's the official word on it:
It is contemplated that the modifier will be affixed one to
two days after the report is due.
nysl.nysed.gov;
One thing I'm not sure about is when the clock starts on the 30-day grace period. Does it begin March 31, which was the day after the 10-k was originally due, or does it begin April, 17, the first business day after the 15-day extension expired?
In other words, will we see HITTE on the OTCBB for roughly two weeks before HITT materializes on the pink sheets, or will it be four weeks?
The info from the NASD on this issue isn't clear to me:
Once an issuer is
delinquent in filing a required report (e.g., Form 10-K, Form 10-Q,
Form 20-F, Insurance Company Annual Statement, or call report), a
security of the issuer may continue to be quoted on the OTCBB for a 30
or 60 calendar day grace period from the due date of the report,
depending on the type of issuer. After the grace period, quotations in
the security of the delinquent issuer would not be permitted on the
OTCBB.
nysl.nysed.gov; |
