[quote='TrueValueSeeker' pid='43204' dateline='1400006189']
My prediction for 20F will be filed on May 15. But independent audting might not finish yet.
[/quote
What will that do the SP on May 15??
They said Independent audit '....is nearly complete'. But did not mention PwC's status. They implied PwC had not finished by saying 'The independent auditor (PwC here) is considering that information as part of its procedures in connection with its audit of the Company's financial statements, and may request that the Company provide additional information or that the Investigation Team undertake additional work.'
So my prediction is that 20F & IC report will be out together on or before May 15.
'maplell2002' pid='43210' dateline='<a href="tel:1400006 Wrote:NQ's last status update implied Independent audit has finished, but PwC has not. They said Independent audit '....is nearly complete'. But did not mention PwC's status. They implied PwC had not finished by saying 'The independent auditor (PwC here) is considering that information as part of its procedures in connection with its audit of the Company's financial statements, and may request that the Company provide additional information or that the Investigation Team undertake additional work.' So my prediction is that 20F & IC report will be out together on or before May 15.
I would agree here. NQ is waiting on PWC to sign off. It is anyone's guess what PWC is finalizing. Independent audit is done and PWC is reviewing all the work done by Deloitte. PWC is being extra careful as this is a very scrutinized case. There is a lot in the line for all involved. The market will punish NQ if they don't file by the 15th. I think Management is aware of this and is making all efforts to complete the process.
i bet May 14 pre or after market. Let's wait and see
'chenlica' pid='43241' datel Wrote:i bet May 14 pre or after market. Let's wait and see
I am placing the same bet as you. Do not waste your money buying PUTs for protection.
What happens if the 20F is not filed by May 15th? I hope this is not going to happen, but want to be prepared if it does...