Yesterday I sent an email to Anna Marie Dunlap, SVP Inverstor relations, asking when Q4 and 2014 earning would be announced. Here is her email reply: "We do not yet have a date for our Q4 report. Owing to a number of factors, including the timing of planned asset sales and operating cost reductions, we do not yet have audited financial statements. Without audited financials, we cannot report year-end earnings. We will notify investors through a press release or other appropriate means if or when we set an earnings date."
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Check mate Anna, the game is over.
You are
Fired.
Will COCO survive long enough to become COCO.PK?
"IF or when we set an earnings date" If?
"as soon as available, but in any event within 95 days after the end of the fiscal quarter ended June 30, 2014, a consolidated balance sheet of the Domestic Borrower and its Subsidiaries as at the end of such fiscal quarter, and the related consolidated statements of income or operations, shareholders’ equity and cash flows for such fiscal quarter and the fiscal year then ended, setting forth in each case in comparative form the figures for the corresponding fiscal quarter of the previous fiscal year and the figures for the previous fiscal year, all in reasonable detail and certified by a Responsible Officer of the Domestic Borrower as fairly presenting in all material respects the financial condition, results of operations, shareholders’ equity and cash flows of the Domestic Borrower and its Subsidiaries in accordance with GAAP, subject only to normal year-end audit adjustments and the absence of footnotes, together with a duly completed Compliance Certificate signed by a Responsible Officer of the Domestic Borrower (such certificate to be modified to reflect that such financial statements are unaudited and no audit opinion has been issued);" http://www.sec.gov/Archives/edgar/data/1066134/000110465914062927/a14-19968_1ex10d1.htm
The 8K already suggested that there was no way it would be on time. In fact, the unaudited financial statements were to be available to the lenders 95 days after June 30, which is beyond the longest deadline of 90 days, and beyond CCi's 75 day deadline. ESI (ITT) is yet to file its annual report from last year. It is my opinion that it is likely that another annual report will never get published. The $1 delisting problem is near the end of December, among many other issues.