Yeah, not much about this makes sense.
I agree that they had to have known what they were doing and the ramifications for how they were going about it. Were they hoping that they wouldn’t get caught, or were they hoping to have completed what they were working on before doing a full update? Or, were they just diluting as much as possible before they knew they’d be shut down?
I still have a hard time believing the last option because we know the there was an agreement with Livingston, and because all of those large blocks were going to someone- not the typical way these stocks are diluted.
Also, if there truly was a plan to get QSIM going again with a RM or acquisition, wouldn’t they have to have been working on their books for an eventual filing?
So, it seems to me they got caught midway through whatever it is they have been working on. Whether or not what they were doing was nefarious or not, I’m not certain. May be wishful thinking on my part but there may yet be more to unfold.
