IMO delisting saves them money. The goal is to take them private when the stock dips to below $1.00. they are leveraging up with borrowed funds. They are creating a disaster to seize the moment, trust me.
Nice call 5 months before it happened. Drive it from $35 to $2 a share (it took some time and mismanagement) then the insiders jump in for cheap. Nothing the retail shareholders can do now but take the beating. You can't even sway the vote at the annual meeting.