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SCOXE - A delisting timeline | 40 comments (31 topical, 9 editorial, 4 hidden)
Re: SCOXE - A delisting timeline (4.22 / 9) (#10)
by yern4 on Sun Feb 20th, 2005 at 10:08:30 EST
(User Info)
Ther oddest thing, for me, is Scox[E] said they would
request the hearing.

How can they be so far apart from the auditors?
They work on the books as they go along during the
year.

Scox[E]:

The Company is examining certain matters related to the issuance of shares of common stock issued under the Company's 2000 Employee Stock Purchase Plan and potentially its other equity compensation plans. More time is needed to compile and analyze all relevant data.

You need more time to compile the Data from 2000?
5 years wasn't enough?

The auditors don't say what it is about, they only agree:

. . .The Company was unable to file its Form 10-K by January 31, 2005 without unreasonable effort or expense because the Company needs more time to adequately compile and analyze supporting documentation and provide such documentation to its auditor. Consequently, the Company's auditor was unable to complete the audit of the Company's financial statements within the necessary period of time. . . .
------------------------------------------------
In other words, the auditors won't say what the issue is about.

So .....

  1. Scox misses 10K deadline.
  2. Scox[E] misses extension.
  3. Scox[E] gets delisting notice.
  4. Scox[E] is still so far away from filing 10K
   they state they will ask for delisting hearing
   rather than JUST FILE THE 10K.

How can things be so screwed up they can't file the 10K
before the delisting would happen?

Y4

  • Re: SCOXE - A delisting timeline by mikey, 02/20/2005 11:51:56 EST (4.20 / 5)
    • Re: SCOXE - A delisting timeline by yern4, 02/21/2005 00:24:14 EST (4.33 / 6)
    • Re: SCOXE - A delisting timeline by br3n, 02/20/2005 15:45:25 EST (3.60 / 5)
      • Re: SCOXE - A delisting timeline by mikey, 02/20/2005 22:36:18 EST (3.80 / 5)
        • Re: SCOXE - A delisting timeline by codswallet, 02/20/2005 23:18:28 EST (3.83 / 6)
          • Re: SCOXE - A delisting timeline by mikey, 02/20/2005 23:56:57 EST (4.00 / 5)
            • Re: SCOXE - A delisting timeline by codswallet, 02/21/2005 00:38:16 EST (4.00 / 6)
  • Re: SCOXE - A delisting timeline by codswallet, 02/20/2005 11:22:58 EST (3.83 / 6)
    • Re: SCOXE - A delisting timeline by yern4, 02/20/2005 12:06:05 EST (3.66 / 6)

SCOXE - A delisting timeline | 40 comments (31 topical, 9 editorial, 4 hidden)
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