It's the year end and they have more time. Last year's came out on Apr. 12. The year end requires PWC to do some serious audit work and come up with some interesting numbers that aren't tracked as accurately in the 10Q's. Real Estate owned should be particularly interesting telling how far along they are in forced liquidation. The present situation is a slow forced bankruptcy. As the loan covenants squeeze quarter after quarter KKD will approach negative book value. And now the CEO is a finance guy! Given all the loan guarantees on the books to franchisees that are all struggling to avoid bankruptcy themselves, I'd give them a snowball's chance in hell at finding a buyer. Better to buy the name sans baggage in a bankruptcy setting.