Appiphany Technologies Holdings Corp. (OTC Pink: APHD) is engaged as a counterfeit detection company. Shares of the technology company are climbing 37.50% on Monday, August 28, 2017. Over the past month, Appiphany Technologies Holdings Corp. has seen average daily volume of 39.99 million shares. However, volume of 75.62 million shares or dollar volume of $83,182, has already exchanged hands on Monday.
Shares of Appiphany Technologies Holdings Corp. are climbing today, despite the fact that the company filed a late earnings notification. The earnings period is for the fiscal quarter ending on April 30, 2017. Under rule 12b-25 (b) and (c), Appiphany Technologies Holdings Corp. has announced it will need additional time to get its earnings report together and ready for distribution. Here is part of the late filing notice:
Appiphany Technologies Holdings Corp. NT 10-K Form
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.
|.||(a)||The reasons described in reasonable detail in Part III of this form could not be eliminated without unreasonable effort or expense;|
|(b)||The subject annual report, semi-annual report, transition report on Form 10-K, Form 20-F, 11-K or 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|
|(c)||The accountant’s statement or other exhibit required by Rule 12b-25(c) has been attached, if applicable.|
PART III – NARRATIVE
The Company could not complete the filing of its Annual Report on Form 10-K for the year ended April 30, 2017 due to a delay in obtaining and compiling information required to be included in the Company’s Form 10-K, which delay could not be eliminated by the Company without unreasonable effort and expense. In accordance with Rule 12b-25 of the Securities Exchange Act of 1934, as amended, the Company will file its Form 10-K no later than the fifteenth calendar day following the prescribed due date.
Here is the full link to the late filing: http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=12194278