Bitter Sweet Pt.2If there is, in fact, something going on behind the scenes, then there is a chance that some insider trading may be happening. However, it is unlikely that it would be on the behalf of QNC but rather another company in talks with QNC. Here's what I mean:
In the most recent MD&A, there is a statement about the company exploring M&A to "meet cash flow objectives". If QNC were to engage in merge talks with another company, there would be two additional sources of insider buying: individuals at the other company or individuals at the investment bank/deal advisory firm working on the merger. The good thing is that, in this scenario, QNC would most likely bear no responsibility and thus bear none of the punishment.
This is purely speculative, of course. Just floating some ideas to hypothesize the source of this recent activity.