Compliance Plan yet?
$Super Micro Computer (SMCI.US)$ well its kinda certain they cant file their 10k annual report by 16 Nov, have they already submitted a compliance plan though to extend the deadline to feb?
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King Johnny : They just submitted the compliance plan but not approved yet by Nasdaq
hodlmenot OP King Johnny : Can you share the source please?
King Johnny hodlmenot OP : The newest document about SMCI on Moomoo include the information the CEO filling the extension request
WeiTheSaint469 King Johnny : It said they needed more time no extension can u show? just woke up might be blind
hodlmenot OP WeiTheSaint469 : Yeah i cannot find it either, they dont need an audit firm to submit a compliance plan, if they dont do it by 16th then no matter if its gets delisted or not the management cannot be trusted.
New York City hodlmenot OP : The last filing look like reporting that they can’t file 10-K in timely manner and require more time, so may be they will submit the plan later, not sure. The risk of delisting is certainly high, but probably not immediate, as even if the plan was not accepted, they can still appeal. They need to file 10-K by end Dec to meet some loan term
Money Thrill New York City : Indeed, time to end decembre 180 days.
hodlmenot OP New York City : No they need to submit the compliance plan by 16th which will extend their filing date to feb, the loan term with cathay bank is a diff thing, they appeal only if they submit the plan by 16th and it gets rejected.
The fact that they havent even submitted the compliance plan yet is very unprofessional and seems they dont care about the investors at all.
If they submit a plan and its rejected atleast they will have time to appeal and it wont be delisted immediately but if they dont then its very uncertain.