How can they be this late in reporting their Q3 numbers? How big is this accounting problem? Lots of companies who have SaaS businesses have issues with accounting. But, they never take this long to straighten out. This is ridiculous. Saba's management has an unparalleled track record for throwing up all over themselves. Just when the company's image with the public markets was turning for the better, they snatch defeat from the jaws of victory.
You can get these sorts of accounting issues only so wrong. It's not rocket science. But the longer they drag it out, the worse it gets. Totally unnecessary, unless there is something nefarious going on, and I don't see that. This is incompetence, pure and simple. They need to get out of their own way.