Cytodyn Inc (CYDY)

[kgromax]

2 Cytodyn & SEC facts below

(1) FIRST FACT: from Cytodyn's website, first form D filled on Dec. 16th with the SEC (not the one on top which is a different matter).
Link there. Screenshot below.
It says they started selling $1 shares to a private investor on Nov. 7th
That is, they filed the form D 39 calendar days after the first sale.


(2) SECOND FACT: from Cornell Law School's library, an extract of SEC laws
Link there. Screenshot below.
It says the issuer (Cytodyn) must file the form D at most 15 calendar days after the first sale, plus week-end if it falls on a week-end.

So it seems a key piece of information was disclosed late to the SEC and consequently to shareholders. Why has the company chosen to do that?