An extension by any means is bad. You don't go into these things without giving realistic timelines.. The fact that it has not only gone past it, but is due again is a red flag IMO. Companies don't do this, at a stretch an extension is issued with a valid reason then 1-2 weeks later the deal is settled... It also looks 10 times worse because of the track record with CAT.
IMO its going 1 of 2 ways.
1. Something massive is coming and its taking ages to sort out the details
2. Its another failure and management are trying to figure out how to suppress the damage to the SP
and explain what the next moves are without a partner.
An extension by any means is bad. You don't go into these things...
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