Monday, March 17, 2014

Genco Files Form NT 10-K - Notification of inability to timely file Form 10-K

Just filed:

"Genco Shipping & Trading Limited (the “Company”) has determined that it is unable to file its Annual Report on Form 10-K for fiscal year ended December 31, 2013 in a timely manner. As discussed in the Current Report on Form 8-K filed by the Company on February 19, 2014, the Company is seeking restructuring of its capital structure and is in ongoing discussions with representatives of its secured lenders and certain other holders of its indebtedness concerning a potential restructuring of its indebtedness. Due to the demands associated with the potential restructuring and related activities, despite diligent efforts, the Company has been unable to complete the preparation, review, and filing of its Annual Report on Form 10-K within the prescribed time period without unreasonable effort and expense. The Company anticipates filing its Annual Report within the additional time provided by the filing. The Company believes that the Form 10-K may include going concern uncertainty disclosure."

10 comments:

Anonymous said...

So no bankruptcy announcement with the grace period expiring tomorrow?

Was some deal reached with creditors or an extension granted?

Anonymous said...

Wait and see tomorrow morning.

Anonymous said...

Looks like a positive for GNK

Anonymous said...

NY Post says they are going to file for bankruptcy...

http://nypost.com/2014/03/20/ny-shipping-tycoon-to-take-second-bankruptcy-hit/

Anonymous said...

http://nypost.com/2014/03/20/ny-shipping-tycoon-to-take-second-bankruptcy-hit/

Anonymous said...

They Paid the 3.1m.. No BK for now?

Anonymous said...

Looks like nypost story was wrong..company still alive for now. Have large payment by end of month.

Anonymous said...

What is the date when the large payment is due?

Anonymous said...

The 31st unless they can extend.

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