Purely speculation on my part - It would make sense if the board are holding back the bad news in an attempt to maintain head stock at the 3c level for the next week or so. If bad news sunk head stock well below 3c prior to oppies expiry. they could have a new BIG investor (the underwriter) come on board with a very bad taste in their mouth. For full disclosure, I hold a truckload of oppies and was hoping (gambling) that some good news was going to occur during June - Aug. Not the greatest investment decision on my part.
For what its worth, still love the medium term upside with this one.
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