RE:No need to overthink itSpeculation on speculation:
Pierre has mentioned to a number of nvestors, over a longish span, that QNC is looking towards M&A to fill in the cash flow gap. Exploring a number of options is what I have been told.
The MD&A added a line (1.2) allowing for M&A - that line wasn't present in previous.
AGM backed up big time.
NDA activity is fluid.
Purported pp pushed back and pushed back again from what I understand. Perhaps it is no longer needed.
Further deal freedom due to Intent to Grant.
Anyone who has dealt with management will tell you that they are tight on any angle that might be considered insider info. Very tight --- just the way we would want them to be. Besides, as mentioned by Sextant, trading activity has hardly gone crazy. There is no free-for-all as Odelay has stated - pretty much two houses playing with each other causing a lot of the ramp it appears.
It's just surprising to me that there is not much more trading going on is all. That risk/reward is simply not appreciated by many sadly.