Let's wait the week and a half still left (including extension if they need it) before throw them under the bus. Be patient. I find it highly unlikely that they would go through all that effort only to fall behind again. Not a logical conclusion. JMHO
I predict Q2 comes out on time. They aren't going to do all the work to get current to miss the deadline for the Q IMO.
Chairman P.K. Medhi said: "Management is pleased that this task of catching up the financials is now concluded and that we have up-listed from the Pink Sheets to the fully reporting OTCQB. Our Company now offers a level of transparency that we have promised to our shareholders. Our upcoming Q 2 filing for June 30, 2012 will be filed on or before the August 15, deadline."