"The reason for the delay was they didn't have a clue about the process"
If you are right, we are going to make a lot of $$$. Such a process, over time, can be remedied ... if the business is profitable (as they say it is) then the depressed share price from these issues -- ironically -- will be a gift to those that took advantage.
In other words, what better opportunity for an investor than a company whose share price is drastically depressed due to near-term issues that are easiliy remedied.
I'm not disagreeing about the incompetence ... just saying it can be an advantage if understood.
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