Key to the Puzzle - What does GAO think.../ Want...?
peak of work effectiveness in industry he's been in for a long time, worked his way up... I think this is not just $ and sense -- but accomplishment for the individual...success matters to his identity / self view.
--- drives path to clean up story and make it impeccable, even if it takes a long time. Last year, I'd have pushed back if people were asking too much to say the company is OK, especially if I had no issues with cashflow due to financing and operations. I would want / need access public markets for capital for continued acquistions / building... But I would not be up against the wall from a time / calendar perspective to force me to make it happen sooner than when all the questions are answered and in order...
We will see soon enough if your optimism is warranted. If by June 2012 they *still* haven't announced a completion of the independent investigation, and they *still* haven't made any new announcement/guidance ... then probably you were too optimistic and Gao isn't as trustworthy as you though?