This sounds to me like the reorg is highly likely to be going ahead within the next six months? in fact I reckon within the next four months now is more than likely?
"The extension is requested due to a high potential for GLE to reorganize in the next six months after a potential sale of GLE to new investors.
The new organization will need to resubmit all security plans based on new ownership status.
It appears that it would be prudent to wait and submit at the time of the
reorganization.
