If they believe in CQT, this is a perfect arbitrage opportunity for Acorn (or any other deep-pocketed and brave arbitrageur):
> At this instant, CQT is trading at $0.425 ==> their NQM offer is worth $0.425/2 = $0.2125 + $0.15 cash = $0.3625
> NQM is trading at $.0.34.
So, that's a 6.2% profit at current prices, if they think CQT's a good stock to get into.