There's a few companies that do that. Can't say it's an indicator of procedural excellence.
It's like aiming to put your homework or assignment in a minute in a minute before closing time assuming the best. It often turns out there's a small glitch and one looks (and feels) incompetent.
At Uni I always pushed for the mandated penalty like 10% off per day late but there were always excuses.
Remind you of anything?
All IMVHO.
BTW try putting an application in for an SPP or rights an hour late.
Short Term Price Catalysts, page-144
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