Native American Energy Group, Inc. (the “Company”) is delaying the filing of the Form 10-Q for its fiscal third quarter ended Sept 30, 2014 (the “Q3 2014 Form 10-Q”) due to the Company’s financial statements required for the filing are not currently available and could not be made available without undue effort and expense.
As previously announced, on April 1, 2014, the Company filed a Notification of Late Filing on Form 12b-25 (the “Form 12b-25”) with the U.S. Securities and Exchange Commission disclosing that it was unable to file its Annual Report on Form 10-K for the fiscal year ended December 31, 2013 (the “Form 10-K”) within the prescribed time period without unreasonable effort or expense. The filing of the Form 12b-25 effectively extended the due date for the Form 10-K to April 15, 2014. The Company was not able to file the Form 10-K on April 15, 2014 without unreasonable effort or expense. As a result of the delay in filing the Form 10-K, the Company was not able to file its quarterly reports on Form 10-Q for the periods ending March 31, 2014 or June 30, 2014 within the prescribed time and also will not be able to file its Q3 2014 Form 10-Q within the prescribed time and anticipates filing the 10-Q for Q1, Q2 and Q3 after the filing of the Form 10-K.
The Company’s senior management endeavors to regain compliance with all SEC filing requirements (including the filing of the Q3 Form 10-Q) in the later part of December 2014, however, at this time, the Company is unable to represent that the Q3 2014 Form 10-Q will be filed on or before the fifth calendar day following its prescribed due date.
Native American Energy Group shall with all deliberate haste prepare financial statements for the annual period ended December 31, 2013 and the quarterly periods ended March 31, June 30, and September 30, 2014, have these statements audited, draft appropriate current information regarding the Company’s business and activities, and otherwise prepare a Form 10-K and 10-Q for the delinquent periods for filing with the Commission as soon as reasonably practicable.