NextPoint Financial, parent of tax preparation service, Liberty Tax, intends to have its delayed financial statements for its year ended Dec. 31, 2021 and three quarters of 2022 filed by the end of February.The plan was outlined as NextPoint announced the adjournment of its annual shareholder meeting from Dec. 30, 2022 to January 6. The meeting was originally scheduled for September 30.
The delays stem from the problems NextPoint faced from its purchase of LoanMe early in 2021. Together, Liberty and LoanMe were intended to provide a one-step shop. But last spring, NextPoint said it substantially overpaid for LoanMe and it later halted loan operations.
That followed NextPoint’s filing of a suit against loan servicer, United Development Funding. NextPoint United’s investment program was actually a Ponzi scheme, and accused United of a number fo fraudulent actins.
Besides being late on filings for the year 2021, NextPoint has not filed interim statements for the quarters ended March 31, June 30 and September 30, 2022.
