Evergreen Solar ($ESLR) Files Notification of Late Filing of Second Quarter Results

Evergreen Solar filed this Notification of Late Filing today:

As previously disclosed on May 12, 2011, Evergreen Solar, Inc., a Delaware corporation (the “Company”), has been in negotiations with the holders of its 13% Convertible Senior Secured Notes due 2015 to restructure its existing debt. As a result of these negotiations, the Company has been required to devote a substantial portion of its personnel and administrative resources, including the personnel and resources of its accounting and financial reporting organization, to matters relating to the negotiations. The efforts associated with these ongoing discussions have caused a delay in the ability of the Company to close its books and records, finalize its operating results and prepare its financial statements for the quarter ended July 2, 2011. For these reasons, the Company has not been able to file its Report on Form 10-Q for the quarter ended July 2, 2011 (the “Quarterly Report”), within the prescribed time period. Management is diligently working to close its books and records and prepare financial statements as soon as possible with a target of filing the Quarterly Report within the grace period prescribed by Rule 12b-25 under the Securities Exchange Act of 1934, as amended.

Interesting. Are they not in negotiations with the holders of the unsecured notes? Regarding the grace period:

The subject annual report, semi-annual report, transition report on Form 10-K, Form 20-F, Form 11-K, 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;

I imagine a more substantive announcement will be forthcoming?