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Kindly MD (NAKA) said it will miss the deadline for filing its quarterly earnings report, citing complex merger-related accounting and preliminary losses tied to digital assets and the acquisition of Nakamoto Holdings.
The company, the 19th largest bitcoin treasury company, said it will not meet the deadline for its Form 10-Q for the period ended Sept. 30, but expects to submit the report within the five day extension allowed under SEC rules.
Kindly MD, originally an integrated health-care services provider, merged with David Bailey’s bitcoin focused Nakamoto Holdings to create a publicly traded bitcoin treasury vehicle. It now owns of 5,765 BTC.
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Trouble is brewing! Will they get liquidated? Only time will tell!! I purchased more shares and an option on NAKA today.
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It's a bold strategy, Cotton!
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Yikes
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