I agree with much of what you've said in your post referenced above. I think the company has placed itself, however, in a precarious position with this "quiet period". I think the whole concept of a "quiet period" set the expectation that a deal was imminent when in fact it may have indicated that negotiations were intense and at a critical stage that required their complete attention and focus. Now, however, the question becomes, "how do you call off a 'quiet period" without disappointing shareholders? I believe there likely are negotiations going on at several levels with several different parties....some of which are so secret that there can be no mention made of who they are talking with.
That said, I don't expect the company to issue a press release per day just to satiate some shareholders. I think with the next annouceable event, they should just indicate the "quiet period" is over but that talks continue with a number of parties. Resume the more periodic CEO updates, and let the pressure release value open fully.
"Don't confuse activity with results" - Crilly