Current Report Filing (8-k)
May 15 2020 - 05:19PM
Edgar (US Regulatory)
UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
FORM
8-K
CURRENT
REPORT
Pursuant
to Section 13 or 15(d) of the Securities Exchange Act of
1934
Date
of Report (date of earliest event reported): May 15,
2020
GREEN
ENVIROTECH HOLDINGS CORP.
(Exact
name of registrant as specified in its charter)
Delaware |
|
000-54395 |
|
32-0218005 |
(State
or other jurisdiction of |
|
(Commission |
|
(IRS
Employer |
incorporation
or organization) |
|
File
Number) |
|
Identification
No.) |
241
S. Lander Street, Suite 203 |
|
|
Seattle,
WA 98134 |
|
98134 |
(Address
of principal executive offices) |
|
(Zip
code) |
Registrant’s
telephone number, including area code: |
|
(209)
605-1180 |
1400
Mt. Jefferson Rd., Suite 7-172
West
Jefferson, NC 28694
(Former
name or former address, if changed since last report)
Check
the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant
under any of the following provisions:
[ ] |
Written
communications pursuant to Rule 425 under the Securities Act (17
CFR 230.425) |
|
|
[ ] |
Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12) |
|
|
[ ] |
Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17
CFR 240.14d-2(b)) |
|
|
[ ] |
Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17
CFR 240.13e-4(c)) |
Indicate
by check mark whether the registrant is an emerging growth company
as defined in Rule 405 of the Securities Act of 1933 (§230.405 of
this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934
(§240.12b-2 of this chapter).
Emerging
growth company [ ]
If an
emerging growth company, indicate by check mark if the registrant
has elected not to use the extended transition period for complying
with any new or revised financial accounting standards provided
pursuant to Section 13(a) of the Exchange Act.
[ ]
ITEM
8.01—OTHER EVENTS
Green
EnviroTech Holdings Corp. (the “Company”) is filing this Current
Report on Form 8-K to indicate its reliance on the Order of the
United States Securities and Exchange Commission (Release No.
34-88465) in connection with the Company’s Quarter Report on Form
10-Q for the quarter ended March 31, 2020, as a result of the
circumstances set forth below.
The
President and CEO of the Company is in the Philippines and can’t
get out. He is recovering from a stay in the hospital while there
with pneumonia and the flu. He still has symptoms and is not
allowed to fly due to restrictions as a result of COVID-19. He is
needed to compose information required in the 10-Q and to discuss
same with the auditors. In addition, we have moved our corporate
headquarters to Seattle at the first of the year before the spread
of the virus. This led to further delays and an inability to
coordinate with our new accountants due to the virtual shutdown of
the City of Seattle. The need for the extension is critical for us
as the impact of COVID-19 has hampered our ability to file the
quarter report on Form 10-Q. Additionally, we expect that our
annual report will include the following additional risk
factor:
The
effects of COVID-19 and lower oil prices may make it more difficult
for us to raise capital.
Many
of our future clients are expected to be large oil refineries. Due
to the coronavirus and the recent drop in oil prices, many of them
have either stopped production or scaled their production back
dramatically. Although we have not completed any facilities, the
critical capital investment we need is reliant upon these
refineries contractually agreeing to accept the oil we expect to
produce. Without this, our capital sources may not be available
which would limit our ability to implement our business
plan.
Accordingly,
in reliance upon the Order, the Company expects to file its Annual
Report on Form 10-K approximately 45 days after May 15,
2020.
SIGNATURES
Pursuant
to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf
by the undersigned hereunto duly authorized.
|
GREEN
ENVIROTECH HOLDINGS CORP. |
|
|
|
Dated:
May 15, 2020 |
By: |
/s/
Mark Gantar |
|
|
Mark
Gantar, President |