Personally, I was disappointed that MP missed the filing deadline, but considering the magnitude of time and work it consumes to adjust accounting procedures, and to correct prior miscalculated accounting policies is understandable. Also understand that the accounting firm must review each and every invoice in question to determine how each transaction is accounted. (Very time consuming to say the least). I’m in the business and know quite well.
Respectively, prior, current, and future financial statements will now show a much clearer indication to current and prospective shareholders the financial stability, and direction of the company. (Which I see as all positive), Very positive!
Just in jest, but a hypothetical PR tomorrow: Dear Shareholders, we regret the late filing. However, we are in the process of counting all our cash for the period. We only have 1 or 2 Brinks trucks left to account for. The figures should be completed soon. (Hint)