Flatscreen-TV maker Syntax-Brillian (Nasdaq: BRLC) was supposed to report earnings yesterday, but it decided to hold off for a while. A round of unexpected financial restatements is cramping the company's style.

S-B had shipped a whole lot of TVs to the Chinese Olympic Committee, but it needed about 27,000 more sets in North America than it had planned. So Syntax spent $99 million to buy back and redirect a bushel of big-screens, and it's now trying to figure out how to account for that move.

It just won't do to disappoint newly signed distributors Target (NYSE: TGT), Sears (Nasdaq: SHLD), and Circuit City (NYSE: CC) before the Presidents' Day weekend sales, even if that means taking unusual steps when the stock is in danger of delisting.

Further Foolishness:

Sears Holdings is a Motley Fool Inside Value recommendation.

Fool contributor Anders Bylund holds no position in any company discussed here. You can check out Anders' holdings if you like, and Foolish disclosure keeps it short and sweet, every time.