This is actually a good point. When they were originally blacked out, we as a board speculated that it was crucial information from the BFS that led them to be blacked out. However with the delays and "rate of BFS completion" there's no way that 8 months ago...they had all this important information because it couldn't have been done! Otherwise, what have they been doing for the past 8 months working on it? This doesn't make sense. Especially when information like "We haven't seen the final numbers" is told to shareholders. If they haven't seen it yet, how would they have seen it 8 months ago (if it even existed then?) Either 1. They've been blacked out for no good reason/Being overly cautious 2. They've had negotiations that fell apart at some point 3. It just takes that long to hammer out a deal.
This doesn't really make sense anymore in my head. The lack of transparancy and communication is rather frustrating. The major thing keeping me going is knowing that they must be working in their own interest owning such a large portion of the company (and not just delaying it for a continued paycheck and lifestyle).