There is no 'we' regarding this announcement as each investor has different thoughts. There is only 'me'. And for me this announcement is different than announcements made by other companies I've traded in.
Emergency is usually a word used in dire situations thus 'not good' but of course I already know the situation is not good based on the stock price so a part of me wants to sell today.
But
The company released this news to let shareholders know there is a meeting. If the company, or any company, were going to declare BK they would declare first and then put the news out to the investor via an SEC filing.
I think (therefore I am) that the company is indeed squeezed at the moment which is why the lateness of filing reports. It could mean that management knows funds in the form of revenue are coming but are not here yet, sort of like, "We are broke but we're rich... Hold on for the ride."
Thus a part of me wants to buy more.
For me I will neither buy more or sell. I will watch and see just like the rest of the investors as on June 3 'we' all will see for ourselves.
I don't like emergencies, too often the patient dies, but sometimes there are miracles. At least though, for me, it is nice to see the company finally let investors know what's going on.
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