I see and concede the first point made.
the second point I see where you're coming from but I don't think it matters.. If they don't have QBL shares and they announce, QBL goes up but they don't really lose anything, in fact the value of the acquisition goes up. If QBL then backs out of the deal, the shareprice would crash back (because the rise was based on MCL).
The only scenario which this would be relevant to MCL would be if they announced it, QBL rises up and then capital raises when prices are higher, thus diluting MCL and they don't get a vote to stop it...
However QBL has a lot of cash, if that was their strategy that would be very poor management practices IMO
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