Because then he'd have to divulge too much info that would violate the NDA's, is the answer to what you posted: " 'my # 1 concern remains "why Charles is still sitting on SEC Reporting?' "
OR, if that is not the case, then consider that IF he were to go the route of SEC Reporting, more people would buy Shares, causing PPS to go way up, which is not what the Partners want right now, as they may wish accumulate Shares at cheap price before it explodes once big news is announced in PR's.