Most think the management change was pre-agreed. Basically PDC/Mesa wanted quick(er) access to capital markets and PAWS was available. Look at Evader today which is marketing itself as an available public shell for another company to buy and do just as we have seen here. Agree with you that getting this first 10-q out seems to be taking an inordinate amount of time but this may be due to going back 2 years worth of Pet Airways stuff. My hope would be that for taking this long, that Ed is setting up for 4 things:
1. Quicker 10-qs in the future with the auditor that now has good historical experience with the company and its workings 2. Some of this may be to satisfy FINRA on the ticker change 3. Quicker IRS filings which must be quarterly as well 4. Supports a new financing deal to cover off the state reimbursement delays (now IL and WI as well) that are a natural part of this business and currently make expansion/hyper growth difficult as you have to front the money until the WC flow starts
Just a guess but hoping we are setting a solid foundation for growth.
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