Heard the same thing from good sources. That is why I passed on another plan for N to sell Q shareholders N stock for $.0001 and max it at 20% of N. That is 20% of N before MS merger.
Essentially, results in a 26:1 ratio. So if one had 1MM Q shares, they would pay approx. $4 and receive a little over 38K shares of N. At $.04 trading value today, that would result in approx. $1,500 of market value. But the shares would need to be restricted.