I deal on the accounting side and there are always unforeseen occurrences as to deadlines as well, that's why there are contingencies and extensions on quarterly, yearly filings, tax filings etc., That being said they would have been smart to just say they intended to get the filings done in time to satisfy the requirements to get the CE removed which would give them some leeway. I'm not fond of backing yourselves into a corner when it's entirely unnecessary.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.