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GNC (GNC) filed a dreaded Notice of Late Filing yesterday after an extended period of silence which included failing to announce an earnings release date. The late filing notice stated, in essence, that the company neither has nor will likely generate sufficient cash to meet its debt obligations, especially in light of the impending maturity of the company’s low cost convertible notes and, more importantly, the springing maturity clause embedded in the company's refinanced debt that would advance the maturity of the refinanced debt in the event the convertible notes are redeemed at