Moving a monday release to friday so quickly after announcing the monday release does not portend a good announcement.
Friday releases, particularly after market close, especially in August, are usually designed to bury the news. No one is around to see it. Then allowing a weekend to pass, before hosting a conference call to explain it, wow, I can't imagine any good news to be forthcoming. The only exception is if there's a major change of control announcement in the works - something which is very doubtful at these valuations.
My guess is they cannot get through the auditors, and other accounting, issues in time. Not that auditors' issue are unusual, but the timing is often fairly predictable. They're probably challenged in getting them final reports completed.
Nevertheless, the optics are horrible. They should've just postponed it for a week, if they were allowed. That would give them another monday release, rather than a friday. Lynn's amateurish management capabilities continue to haunt the company.
As always, all of the above are just my opinions, no facts are asserted.
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