I believe companies normally issue the default status update every 2 weeks (or so) if more time is required to file the outstanding financial statements. I have not seen a default status update issued by Century as yet, but neither have I seen the Y/E financial statements filed on SEDAR.
I’ve noticed this situation with a couple of other companies in the past. In both cases, the financials were filed a day or two later.
However, I have absolutely no idea of the official status in Century’s situation – it could be completely different. Anything is possible. It could simply be that Century needs another 2 weeks (and default update is coming out on Monday – I think the US is still at work on Monday) or it could be that the Y/E financials are coming out on Tuesday (once the Canadian markets are open again). We will have to wait and see.
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production05 says:
May 16, 2009 at 8:02 am (UTC -7)
I believe companies normally issue the default status update every 2 weeks (or so) if more time is required to file the outstanding financial statements. I have not seen a default status update issued by Century as yet, but neither have I seen the Y/E financial statements filed on SEDAR.
I’ve noticed this situation with a couple of other companies in the past. In both cases, the financials were filed a day or two later.
However, I have absolutely no idea of the official status in Century’s situation – it could be completely different. Anything is possible. It could simply be that Century needs another 2 weeks (and default update is coming out on Monday – I think the US is still at work on Monday) or it could be that the Y/E financials are coming out on Tuesday (once the Canadian markets are open again). We will have to wait and see.