Isn't an 8-K rquired to be filed with the SEC for major financial changes? Or is 10Q disclosure sufficient?
The company has confessed that its major tenant cannot meet its lease obligations without raising some money (as reported in the 10Q). Similarly, the company obviously is in danger of not meeting the requirements for being a REIT as of the end of 1999. If there is any plan at all to de-REIT, it seems that it would have to be disclosed in an 8-K.
Since we don't have an 8-K saying that, can we then assume that they WILL meet the requirements by 12-31-99 (i.e. the SI is about to be announced)?