Notification That Quarterly Report Will Be Submitted Late (nt 10-q)
14 Août 2020 - 10:49PM
Edgar (US Regulatory)
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UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
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OMB
APPROVAL
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OMB
Number: 3235-0058
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Washington,
D.C. 20549
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Expires:
February 28, 2022
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Estimated
average burden hours per response 2.50
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FORM
12b-25
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SEC
FILE NUMBER
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NOTIFICATION
OF LATE FILING
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001-32698
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(Check
one):
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[ ]
Form 10-K [ ] Form 20-F [ ] Form 11-K [X] Form 10-Q [ ] Form 10-D [ ] Form N-SAR
[ ] Form N-CSR
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For
Period Ended:
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June
30, 2020
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[ ]
Transition Report on Form 10-K
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[ ]
Transition Report on Form 20-F
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[ ]
Transition Report on Form 11-K
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[ ]
Transition Report on Form 10-Q
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[ ]
Transition Report on Form N-SAR
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For
the Transition Period Ended: ____________________
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Read
Instructions (on back page) Before Preparing Form. Please Print or Type.
Nothing
in this form shall be construed to imply that the Commission has verified any information contained herein.
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If
the notification relates to a portion of the filing checked above, identify the Item(s) to which the notification relates:
N/A
PART
I — REGISTRANT INFORMATION
MGT
CAPITAL INVESTMENTS, INC.
Full
Name of Registrant
N/A
Former
Name if Applicable
150
Fayetteville Street, Suite 1100
Address
of Principal Executive Office (Street and Number)
Raleigh,
NC 27601
City,
State and Zip Code
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]
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(a)
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The
reasons described in reasonable detail in Part III of this form could not be eliminated without unreasonable effort or expense;
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(b)
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The
subject annual report, semi-annual report, transition report on Form 10-K, Form 20-F, Form 11-K, Form N-SAR or Form-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
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(c)
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The
accountant’s statement or other exhibit required by Rule 12b-25(c) has been attached if applicable.
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PART
III – NARRATIVE
State
below in reasonable detail the reasons why the Forms 10-K, 20-F, 11-K, 10-Q, 10-D, NBSAR, N-CSR, or the transition report or portion
thereof, could not be filed within the prescribed time period. (Attach extra sheets if needed)
The
Registrant is unable to file its Quarterly Report on Form 10-Q for the period ended June 30, 2020 (the “Report”) without
unreasonable effort or expense as the Registrant does not currently have sufficient funds to pay its independent auditor to review
its financial statements for the quarter ended June 30, 2020. The Registrant is in the process of seeking alternative providers
to complete the review of its financial statements. Consequently, the Registrant will not be able to timely file the Form 10-Q
due on August 14, 2020, without unreasonable effort or expense. The Registrant does not expect to be able to file within the additional
time allowed by this report, however, it anticipates filing as soon as practicable once it obtains sufficient funds or identifies
an alternative provider.
PART
IV – OTHER INFORMATION
(1)
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Name
and telephone number of person to contact in regard to this notification
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Robert
B. Ladd
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(914)
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630-7430
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(Name)
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(Area
Code)
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(Telephone
Number)
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(2)
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Have
all other periodic reports required under Section 13 or 15(d) of the Securities Exchange Act of 1934 or Section 30 of the
Investment Company Act of 1940 during the preceding 12 months or for such shorter period that the registrant was required
to file such report(s) been filed? If answer is no, identify report(s).
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[X]
Yes [ ] No
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(3)
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Is
it anticipated that any significant change in results of operations from the corresponding period for the last fiscal year
will be reflected by the earnings statements to be included in the subject report or portion thereof?
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[X]
Yes [ ] No
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If
so, attach an explanation of the anticipated change, both narratively and quantitatively,
and, if appropriate, state the reasons why a reasonable estimate of the results cannot
be made.
The
Registrant expects to report a net loss of approximately $1,330,000 for the three months ended June 30, 2020 compared
to a net loss of approximately $4,578,000 for the three months ended June 30, 2020. The Registrant expects to report revenue
of approximately $450,000 for the three months ended June 30, 2020 compared to revenue of approximately $70,000 for the
three months ended June 30, 2020.
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MGT
CAPITAL INVESTMENTS, INC.
(Name
of Registrant as Specified in Charter)
has
caused this notification to be signed on its behalf by the undersigned hereunto duly authorized.
Date:
August 14, 2020
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By:
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/s/
Robert B. Ladd
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Robert
B. Ladd, Chief Executive Officer
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INSTRUCTION:
The form may be signed by an executive officer of the registrant or by any other duly authorized representative. The name and
title of the person signing the form shall be typed or printed beneath the signature. If the statement is signed on behalf of
the registrant by an authorized representative (other than an executive officer), evidence of the representative’s authority
to sign on behalf of the registrant shall be filed with the form.
ATTENTION
Intentional
misstatements or omissions of fact constitute Federal Criminal Violations (See 18 U.S.C. 1001).
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