My opinion....

Elmer posted a normal project status report containing ordinary information

He indicated that a vendor was going to be late issuing a report

In the real world, this would be business as usual

In the hyper energized subcontinent that is the Copper Fox investing community, this was a bombshell which triggered massive dumping by "investors"

This activity triggered the regulators who then looked at the offending report and they suggested that under the circumstance, they ought to remove the NR

No wrong doing

Chicken little type behaviour for no real reason...