JAMN filed a SEC Form 12b-25 - Notification of Late Filing.
They will file 15 days late because the auditor has not had sufficient time to complete its task.
Folks, this is one of the easiest and shortest report of any company I've seen. Everything is outsourced. There's not much to audit. There's not much to compile.
If things were going half as well as jsteveco tells us, wouldn't they be eager to get this great news out?
Doesn't look good IMHO.
An auditor is an independent entity. They set the schedule not the company. Did you ever work with an auditor? Obviously not. Your fears are just that - fears without any knowledge. Everything else you tact on afterwards is just gibberish and words from a person that knows very little.
The auditor is HIRED by the company; the company is the CLIENT. The client demands when they want information, especially when there are regulatory deadlines involved. JAMN is on their 3rd auditor; they've filed late in 4 out of 6 years that they've filed. Can't blame the auditors here.
It doesn't take 90 days to put together this report. I work in finance; I know about deadlines, auditors and deadlines. I may not work with 10Ks, so I may not know form names, but there are some basics.
BTW, just for the record, it's not form 12b-25, that's the rule. The form is NT 10-K, and yes, they absolutely filed it on April 30th. 2012 and 2009 were the only 2 years since 2008 that they filed their 10K on time. 4 years they have filed late. It shouldn't be any kind of a surprise.
Jammin Java Corp files Form NT 10-K (Notice under Rule 12b25 of inability to timely file all or part of a Form 10-K, 10-KSB, or 10KT) SEC Filing
Wow, this is like the days of the pump-and-dump when they filed every quarterly report late. An annual report isn't that hard - they just have to do a quarterly report and add in the last 3 quarters to get a full picture of the last year. A quarterly report is due 45 days after quarter-end; an annual report gives them 90 days. There is no excuse for needing more than 90 days. They're on their 3rd auditor since this whole thing began; is this the same auditor as the last report?
Can't believe we have to wait another 15 days for the report; at least it'll be a shorter time until the next report once we get this one!