The bold is a nice touch, but if we were going off that description of the 12b-25 or NT then this company would have been gone years ago.
Is it a red flag or an annoyance? I say annoyance in the form of management not being able to either get their act together or at least put pressure on the accounting/auditing firm that they have to get their act together.
A red flag I think would be a lot bit too presumptuous to say that there is something seriously wrong with the company.
So I sit and wait for the numbers. I think they are going to be better but by how much I don't know. I hope by a lot. But hoping hasn't gotten me too far yet. Haha.