To: Anthony@Pacific who wrote (53884 ) 4/1/2000 1:13:00 PM From: StockDung Respond to of 122087
Cyber-Care Misses Deadline to File 10-K Report Boynton Beach, Florida, April(Bloomberg) -- Cyber-Care Inc., which licenses equipment to monitor patients at home using the Internet, missed the deadline to file its annual 10-K report with the Securities and Exchange Commission. Three minutes after the close of regular trading, at 4:03 p.m., the company filed a form NT 10-K with the SEC, explaining it was unable to file its 10-K report on time, citing ``unforeseen delays due to recent acquisitions and related business activities.' The company issued a press release Thursday saying the 10-K, which requires the consent of its outside auditor, would be filed Friday. That sent the company's shares soaring 31 percent Friday, quelling concerns that the filing might be delayed. Cyber-Care rose 4 1/2 to 19 1/4 in trading of 2.74 million shares. The form NT, although filed after the close of trading today, was signed Thursday by Cyber-Care's president, Paul Pershes. Reached at the company's office today, Pershes said the NT was actually filed Friday by company attorneys, who inserted the wrong date next to his electronic signature. He said the audit by its new auditor, Ernst & Young LLP, was ``just about' complete, and that the 10-K will be filed Monday. ``There's nothing wrong,' Pershes said of the delay. ``We're a large growing firm and we've had a lot of changes.' Ernst & Young replaced Grant Thornton LLP, which resigned as Cyber-Care's auditor on May 20, 1999. On June 10, 1996, McGladrey & Pullen LLP resigned as auditor, four months after it was hired, saying it could no longer rely on representations of the company's prior management. Apr/01/2000 11:43 For more stories from Bloomberg News, click here. (C) Copyright 2000 Bloomberg L.P.