It can also lead to restating prior year(s) filings...the costs can add up.
But...worst is there is no excuse for not informing the shareholders what is going on. They didn't even bother to say they had done required paperwork to allow for an extension.
When you put your money here you are saying this is one of the very best companies to invest in....I don't see how ANYONE can say that at this time.
It is more gamble than investment.