May well just be that a few have realised it was trading so far...

May well just be that a few have realised it was trading so far below cash backing. It's basically on par now, and now the real wait begins.

Trading activity still low really, if anything brewing you'd think there would be a sharp increase in volume and volatility.

Could still be months away from an acquisition. This shell is a good opportunity to purchase something with revenue. Can double SOI if they wanted to raise more cash for a higher quality purchase. Anyway, no point trying to predict, just wait