Burnside needs to lock this security immediately.
That likely wouldn't help investors' whose fund are already tied up and might do more harm than good.
You're absolutely right and I agree with you. LC is not playing it straight for every reason you just mentioned.
Labcoin said there would be additional information "in a few days" or some such, I believe was the term used. TheSwede75 followed that up with a 48hr time frame attached to additional updates. I see no harm in letting this time table play out.