The footware company with the ugly shoes is having troubles getting it’s financial act together.
Niwot-based Crocs Inc. on Tuesday notified the Securities and Exchange Commission that it won’t be able to file its quarterly financial report on time.
In the disclosure, Crocs officials cited “significant changes in (its) business operations during the three months ended June 30, 2008,” and that the quarterly results “could not be assembled and analyzed in a timely manner without unreasonable effort and expense.”
The company plans to file the report within the five-day extension period, officials said in the filing.
Either they will be taken over or they’re headed for filing bankruptcy (IMHO). No, I don’t work for Crocs, don’t have any inside connections or special insight.
