On the surface I think it's very good. I think they're realizing how much work it takes to do this and they need some help. All signs of a company getting realistic about it's situation.
More specifically, I think they discovered some inexperience and inadequacies in the company while trying to get the 10K filed. This CEO seems to take action when things come to light. Also a good sign.
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Everything in this post is my own personal opinion. I do not claim to have any expertise or knowledge that would allow me to provide followable advice.