Do you think it would logically make sense for them to cook the books down $2m with the Marshall Faulk note (which would hurt the stock price, making delisting more likely), and now all of a sudden be forced to R/S so that they can avoid delisting. How would that logically make sense exactly?
Instead, why didn’t they just not cook the books down?
Do you see that there are likely flaws in your logic, and perhaps you are wrong about the R/S being to avoid delisting?