I accidentally posted my response to your post to
Post# of 148112
https://investorshangout.com/post/view?id=6491146
But, why do it pre-market rather than post-market?
Giving out bad news pre-market would merely just make it go down more after the market has already digested this news over the weekend and is what it is.
These guys are all on the West Coast, why a 5:30 a.m. CC?
There has to be a point for them waking up at 4 a.m. to ready and prepare for their 5:30 a.m. CC.