lemmings...Delays like these happen. The company has stated that their numbers are fine. They continue to add new customers and revenue continues to build. Once again, nothing has fundamentally changed with the company. Yes, they should have seen this delay sooner but a lot of companys have done a lot worse to their shareholders. I'm sure we can all think of a few out there... NT comes to mind right away.
As they said, "Given the 90 day window from year-end, March 20, 2008
remains well within the company's legal regulatory window in both Canada and the U.S." The Sarbanes-Oxley audit is a complete, consistent and very thorough way to present a company's numbers. It was brought in to standardize corporate accounting. In reality, it has the effect of protecting us all by preventing doctoring.
I too believe they are positioning for an Amercian lising. Once all that Yankee money starts pouring in wait and see.
If this news release bothers you that much then by all means sell. I do believe that your decision to liquidate is folly. Only time will tell if I am right but I know one thing though, I'm not prepared to jump off this cliff.