Tastykake has delayed the filing of its annual report with the SEC because its accountants and lawyers are focusing all of their energy on trying to sell the company. Tasty Baking has been restructing its debt agreements since early January, partly as a result of problems they're having with their new production facility at the Philadelphia Navy Yard but also because of the downstream effects of the bankruptcy of the company that owns SuperFresh, A&P and Pathmark. As part of the restructing deal, Tasty Baking agreed to try to find a buyer by June who could pay the bills.
Tastykake promises to file the annual report within 15 days, and says it will include a warning from its auditors that the company may not be able to continue as a going concern.
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