Merger theory doesn't seem to be falsified by some sources I have no evidence. But this article gives reasonns why a change of accounting period can be "red flags." But as one of its only listed "non supicious reasons" given is this:
https://www.redflagalert.com/articles/risk/why-a-change-in-accounting-period-is-a-red-flag-to-investigate
Some non-suspicious reasons why a company might change its accounting period include if it wants to align accounting dates with other companies in the same group (parent companies or subsidiaries) or to move it to a quieter trading time of year to help with staff workloads.
Possible? It seems plausible. The red flags don't seem likely. Like issues to hide? We have no issues. We are blank slate.
This firm make this interesting comment:
https://blog.briteskies.com/blog/changing-the-fiscal-year-end-in-jd-edwards
"When one of our clients was acquired by a larger company, they had to adjust to the parent company’s fiscal year, changing from a June 30 fiscal year end to December 31."
so I can't rule the possibility out. It cant' be the company that would be "confused" since this seems to create more confustion unto itself than left alone. What is the reason? And IFFF a merger, who else could be entertained? Why wouldn't Bundeep and all his investors have lots to gain from that move? Was the sale part of this hypothizied clearance too? I don't know. I guess we will find out. Maybe no reason at all.
Maybe our new CFO said I'm not workign for y'all unless the year ends in December. I want to keep it simple. That's a possibility too. Can't rule that out either.