SMCI Have a great weekend, everyone! Some thoughts as we head into it:
On February 11, SMCI will give a business update (that's what they call it). One key question will be the status of their 10-K filing, along with the hiring of a CFO.
Looking at SEC and NASDAQ rules, company management has a fiduciary duty to act in shareholders' best interests. This includes being transparent and providing material information that could affect investment decisions.
If management knows they won’t meet the filing deadline—especially after signaling an intention to provide a financial update—they are obligated to disclose this promptly. Failing to do so could be seen as a breach of their fiduciary duty.
In short, both SEC regulations and fiduciary responsibilities make it clear: If a company can't meet its filing deadline, it must inform shareholders and the public as soon as possible. Key being AS SOON AS POSSIBLE. Technically, it should have been before Feb 11. no?
Transparency matters, and we deserve the full picture.