I think it's the smart move to be honest. Every single ico has crashed on listing. Some of them deserve it, but some good projects have also been affected and may never recover. From my quick read of the article, it makes sense to get all the licences in order, so that by the time the crowd sale starts, they will have not only the MVP but also the legal requirements will be taken care of. A three month ico sale may seem long, but if the market turns around and all legal things are fulfilled, I can see the tokens selling out pretty fast. All the same, shame that they feel they had to push things back. It will be five months now before this thing is trading. Seems like forever in crypto, but it's nothing in reality.