I'll make a lyaman's guess about this. The Form 1A was brought about to raise cash - about $7M worth. They don't need said cash as badly, or possibly at all, based on more recent developments. If they have a means to get the cash without issuing shares per the registration, that might be considered a good thing.

I have no idea of what the "developments" might be and how "market conditions" may have changed, but the recent suggestion of a prospective accumulator of shares might be an indicator.

JMO and GLTA