The atty also found an error in one of the financial filings. He wanted everything to be 100%. He also had to change the format of some of the financial filings as the SEC had changed the accepted format.
As to the timeline, there is no rhyme or reason here. I know an atty who has been in securities for 30 years. This is not first in first out. Some may take six weeks or more.
The pre market buy this morning is a good sign. The buzz is everywhere.
ServeBank did not extend 20M to AK without understanding.
The SEC is a fickle beast. Some have heavy hands and some are lenient. It's like a box of chocolates.
Think back to 2009. Every major house but Lehman got a bail out and golden parachutes. Why? The CEO was hated by everyone. He was on the street for over forty years. Everyone remembers an asshole.