I'd say the only reason the share price went up of late, was due...

I'd say the only reason the share price went up of late, was due to buying tension between the 'Fors' and 'Againsts'. With such tension gone, we will probably see the share price drop back to the depths of despair that we have become accustomed.

My next guess is that the recent 4C turns out to be qualified by some statement that it does not reflect the run-rate position of the Company, as the cash payment of accrued payables were deferred into the next quarter... or something of that nature.

The company remains that which is run by people who are motivated by the retention of their salary (and discretionary free equity issuances) rather than the achievement of returns for its shareholders. It's a rare case when that works out well for shareholders.