Forgivable extension request. A lot has been going on recently and I want them to feel completely comfortable with the filing before they release it. I'll echo what others have said; it's crucial to hire the proper personnel to handle these number crunches going forward if we're going to be taken seriously by institutional investors. I'm sure management understands this, and didn't want to file this extension anymore than we wanted to see it.
I also trust their word that we'll get it on schedule. I personally didn't see much value in this largely outdated 10K, but I understand it's necessary for others to build their thesis on.
I have successfully freed up another ~80k and will be prepared for our wild weeks ahead. Level 2 has been a complete clown show for two weeks now. I have lost all perspective on the short term goals of the algorithms and market makers. I suspect even the algorithms are now running a "wtf we doing?" script.
There has been an interesting trend throughout those two weeks though. A new player seems to have entered and are methodically building a substantial long position. Traditionally, 1300 to 1345 has been our lowest volume points of the day. Recently, though, someone has cruised right into this window each day(suggesting an intricate knowledge of our trading dynamics) and chunked away meticulously at the ask. No matter the price, and they don't even care how predictable it's become. MMs immediately start undercutting their buys but it just happens again day after day.
I hope to keep seeing this person/people, and maybe I'll even follow that strategy of DCA'ing with unabashed confidence.
