Frozen Food Express Mumbo Jumbo (FFEX)

Jun.15.06 | About: Frozen Food (FFEX)

Yesterday, Frozen Food Express Industries, Inc. (NASDAQ:FFEX) released their long awaited 10K for 2005. Numbers seem pretty good.

They also announce that they feel that they can meet Nasdaq's continued listing requirements and file a 10Q by June 30. Then they throw in a legalese jargon challenging paragraph saying that while they think they can file the 10q in time, there is no assurance that the company will be able to do so. All this two weeks before the due date. This is not safe harbor wording. Management is still not confident that all the problems have been worked out.

FFEX 1-yr chart:

FFEX 1-yr