but your timeline kinda suggests they didn't start finalizing the 10Q 1 until they filed the 10k '11. My point is they have known for 2 yrs they would need to do this, they have had practice getting this stuff done, and they know what they are going to need to accomplish it.
Maybe I find paperwork easier than others, I don't know, but from what I have observed so far I find the constant delays and lack of being ready to be a sign of incompetence in that area of running a company.