Look at it this way. If he filed form 12b-25 a few days ago, it would probably have been denied as the SEC could have simply said that VERB has sufficient time prior to the dealine to be on time with their filing. My guess is that VERB has been very active trying to close a deal that would significantly set it apart from the prior year’s filing. The extension can be up to 5 days from the time they were supposed to file. This also tells me that whatever it is that caused the delay most likely happened (or the deal was closed) sometime this week, giving less than 5 days to finish the revised filing.