Quotes from the news wire:
I think it could be laziness or the belief that rules don't apply, but if you look at when The SEC enforces late filing, The SEC's relatively rare. From a cost-benefit basis, it makes sense not to file. Even if the cost for reporting late is a $ 100,000 fine or a multi-million-dollar fine, why wouldn't he [ delay filing ] ?
Found on CNN 2 years ago
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