If it is delayed, I don't think it is for any of those reasons.
I think that the Doc has an interested party for a sale of all assets and has formally commenced demerger of the two assets in order to pressure the interested party in to making a move. Take note of his statement during the webinar:
"I want to give the data room process a little bit of time. Because it’s possible that we may get something commercial emerged, that I might want to, um, you would very much like to get completed before a demerger".
commercial/kəˈməːʃ(ə)l/
1.concerned with or engaged in commerce."a commercial agreement"
2.making or intended to make a profit.
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