The Dog Ate Our Homework (Again!): AEHI Annual Report Deadline Missed; Files "Notification of Inability to Timely File Form 10-K " Instead

Alternate Energy Holdings' annual report, SEC Form 10-K, was not filed when due on March 31st.  A day later, AEHI files this interesting notice: (emphasis added)

PART II - RULES 12b-25 (b) AND (c)

If the subject report could not be filed without unreasonable effort or expense and the registrant seeks relief pursuant to Rule 12b-25(b), the following should be completed. (Check box if appropriate)

[X]

(a)

The reasons described in reasonable detail in Part III of this form could not be eliminated without unreasonable effort or expense;

[X]

(b)

The subject annual report, semi-annual report, transition report on Form 10-K, Form 20-F, 11-K , Form N-SAR or Form N-CSR, or portion thereof, will be filed on or before the fifteenth calendar day following the prescribed due date; or the subject quarterly report or transition report on Form 10-Q or subject distribution report on Form 10-D, or portion thereof will be filed on or before the fifth calendar day following the prescribed due date; and

PART III - NARRATIVE

State below in reasonable detail the reasons why Forms 10-K, 20-F, 11-K, 10-Q, 10-D, N-SAR, N-CSR or the transition report or portion thereof could not be filed within the prescribed time period.

 The Registrant is unable to file the subject report in a timely manner because the Registrant was not able to timely compile the subject report without unreasonable effort or expense.  The Registrant fully expects to be able to file within the additional time allowed by this report.

Hmmm.  Too much trouble to file their reports on time?  "Unreasonable effort or expense" would be required to be a fully reporting company that welcomes scrutiny and has always filed its reports on time before?

Like this doozy:  "AEHI is in compliance with all reporting to the SEC and is designated as fully reporting, and would not be trading on OTBQX if not." Or: "The only filings that were late was when we changed attorneys earlier this year and couple form 4s I think were late but in the required quarter we never have we missed an important filing like a 10Q or 10K…that summarize happenings and we use lots of press releases to keep people informed…"
 

Sure, Don.  Sure.

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