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Microcap & Penny Stocks : Universal Medical Sytems (UMSI)

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To: GeneM who wrote (563)12/16/1997 9:54:00 AM
From: Jonathan N   of 1672
 
Gene,
You wrote, "2). although the financials did not come out today, Baker told me they would be out this month. They did file an NT 10k [request for extension to file 10k] on Sept. 30, 1997, and those extensions are normally granted for a 90 day period [which would mean the end of this month]."
Is this a sort of unstated custom with the SEC? (I am not being a smart aleck.) I ask because the form said 15 calendar days, and I wondered how keen on lateness the govt would be. It thought that they would be sticklers, but if they were, it also seems that UMSI would be a lot more worried about getting the forms out than they appear to be. If what you wrote is true, that would cause me to relax a little bit.
I still wish the company would stop telling us specific dates then failing to come through. "Sometime toward the end of the month" is much better (if in fact it happens).

Enjoy your day, and thanks for your posts (this goes for everybody).

Jonathan
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