I think there is a really good possibility that this could be the reason for the delay. If so this is very good news. Lottalead mentioned this a month or two ago.
Also a PM I got on the subject that might clear it up a little better
They have invested many tens of millions of dollars. EVERYONE’s shares are restricted. Joe, Claudia, her brother, all their families shares are locked up. When the stock price goes to several dollars, they will want to sell some. If they launch now, they cannot. They are waiting for the lock up to expire before launching the app.