It's not generally considered a short-term positive when your CEO steps down, your president steps down, and your earnings are late. The current stock price reflects this. Of course, conventional wisdom could always be wrong in this case.
Could be a restatement of previous quarters, or compensating for misleading statements in previous filings that have come home to roost. For instance they mentioned a 2.2 realized and unrealized gain from selling puts, that's a very nebulous statement. By now., that could have turned into a multi million loss For example the could have been forced to repurchase their stock at $30 per share. Are they still going to claim the premium received for the puts as a gain?. Oops!