r/EONR

8.83% dip in share price after hours, as Trump announced pause in Project Freedom, escorting merchant ships through Strait of Hormuz, and the US and Iran discussing peace deal.

"US and Iran closing in on one-page memo to end war, Axios reports".

$EONR closed at $.76, experienced downward movement, which began After Hours, and continued to $.69 pre market.

WTI oil futures have dipped 10% also. From +$100 to $90.

Could still have short term potential if you're betting on resumption to violence, issues in Strait persisting, no deal being made, etc...

Hey everyone,

I am new here and been eyeing with EONR for about two months now but to be honest I don't really know what to make of this 10-K form filing issue, as I haven't seen such case before - so I thought to ask this good community! :)

So here is my understanding:
- they should have filed on April 1st (or maybe before?)
- they filed a 12b-25 form admitting for late notification on April 1st and they agreed to file the 10-K until April 16th ("The Registrant undertakes the responsibility to file, and anticipates that it will file, the Form 10-K no later than fifteen days after its original prescribed due date.")
- they didn't keep to this responsibility however and havent filed
- so they got a notification on April 22nd that they are late, and in this press release they said "The Company is working diligently to complete the necessary work to file the Form 10-K as soon as practicable and currently expects to file the Form 10-K within the six-month period granted by the NYSE Notice; however, there can be no assurance that the Form 10-K will be filed within such period."
- they said on their earnings call they see no reason to file it within a week, but it was on April 28th, so depending on how one interprets "within a week", they should have filed it in yestarday or today the latest

Tbh this is the only thing keeping me from pulling the trigger, because I don't know any normal reason, why they couldn't keep to the filing deadline twice (and now probably the third time) because this doesn't seem like it should such a difficult task for a public company.

It also bothers me that they said "there can be no assurance that the Form 10-K will be filed within such period." - this doesnt truly inspire hope tbh...

I dont mean to trash on the stock since I actually want to buy it, but I have never seen an issue like this with any stock in my life (disclosure: I am new to pennystocks) and cannot really make sense of how much of a risk this can be.

Thanks for any helpful answer in advance!

https://pgsa.ir

Dose anyone have a solid idea of when the drilling results will come out?