It does not make me wonder at all
This is standard process for these types of proceedings. To think that there's a judge that's sitting there and making some kind of legal decision one way or the other at this point is very wishful thinking, but it's not based on fact. Judges see all kinds of cases day in and day out. They don't have a bias that Dr Schena is working on this or that. They are going on the legal basis of the request. Pickles asked for more time to prepare, and he got it. Sooner or later they will say no and proceed.
Most likely they have more information to go over now that the SEC leveled its complaint. They will address the facts when it gets to trial. (if it gets that far)
What it comes down to now are facts. If things are delayed or move forward quickly they carry the same gravity as it did before.
I appreciate the fact there are people here that stand behind the company but legal decisions are legal decisions. All of the wonder and wishful thinking is taken out during the legal process.
Between the DOJ and SEC they have outlined quite a few things that now must be explained truthfully. They can't hide behind "Quiet Periods" or any other type of BS. All the charges will be addressed accordingly.
I would have thought that if these charges were easily explained, they would have done so during the interviews before formal charges were issued.
From what I have read, I believe there's a long painful process ahead. If there's no deal cut, then there will be a very long and expensive process moving forward. And if that goes south, then Dr Schena will indeed face prison and large fines.
So if he's working in the lab that's fine. But now every move they make will be under a microscope by the DOJ/SEC. Even if there is a test that passes now, it will be an uphill battle to gain trust in the market place.
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