Did they need to be in compliance for 10 days prior to October 21st? Could they have waited until Oct 20th to do the R/S if the PPS didn't manage to stay above $1 for the 10 days or would it have been too late?
1) gov't "shut down" --- how long for gov't agencies to get the paperwork in order.
2) need "new" stock number to trade under
3) certificate holders need time to redeem for new cert's.
4)brokerages need convert to new count and pay out the partial shares in cash
I'm sure there are other concerns about waiting to the last minute......