First off, I never understand while a financing, even if finalized soon, should affect a quarterly that reflects events that occured only up until the end of last quarter (45 days ago). They have used this excuse before to delay filings. Let's hope there is a good reason this time.

Second, they now have an additional 15 calendar days to file the quarterly. If indeed they are delaying the filing in order to include updates on the pending financing, that presumably means that the finaincing will be completed and reported on within the next 15 days.