I don't think those articles in "Seeking Alpha" are new, they...

I don't think those articles in "Seeking Alpha" are new, they seem very familiar. The weakness in the accounts is definitely not new, it is can be seen in their filings and is a technicality, not a great drama although reads badly.

The pain here is palpable and everyone is scratching for info. This delay is rare. In my experience, normally a company will pull out of the IPO for a few months when they run into trouble. That is not possible here, hence the pain as they scramble to complete it. I thought this IPO would proceed once it went into halt, they must have been confident or they would not have gone into halt. The chances are now dropping rapidly, I think.

I think the focus now should shift into the "B" plan (or perhaps it is the "A" plan and the IPO is the "B" plan). Management need to come up with a good plan, determine how much cash needs to be raised etc. I only hope they are ready and don't leave it in suspension for another few days while they work it out. Holders deserve better.