APOL: Apollo Setting a Bad Example for its Students
Mid Cap Watch List (Track at Marketocracy) and Large Cap Watch List (Track at Marketocracy) member Apollo Group. (APOL) issued the following statement in an 8K SEC Filing:
The Company previously disclosed that it intended to file by April 30, 2007, its Quarterly Report on Form 10-Q for the fiscal quarter ended May 31, 2006, its Annual Report on Form 10-K for the fiscal year ended August 31, 2006 and its Quarterly Reports on Form 10-Q for the first and second fiscal quarters ended November 30, 2006 and February 28, 2007, respectively. While the Company has made significant progress toward the completion of its delinquent reports, it will not be in a position to file by such date. The Company expects to file its delinquent reports as soon as possible and no later than May 25, 2007, the last day of the temporary exception period granted to the Company by the Nasdaq Listing and Hearings Council.
We noted recently that Apollo’s students have been late paying their tuition bills. Perhaps they are learning by example. The check, and the 10-Q, are presumably in the mail.
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