Perhaps Heddle learned something from what Bordynuik went through, and is keeping his cards very close while deals get made.
Remember, Heddle has no public company experience, and clearly is not in a hurry to communicate what is happening behind the scenes.
No leaks can be detected and barely any rumors, which is 180 degrees from past administrations, so maybe Heddle is smarter than I've given him credited for. Declare in filings operations have been suspended, until a deal or two get inked. Not a bad strategy if he's close or needs more time.
After all, he's paying the bills to keep the lights on. Successful businessmen who have built a multi-million dollar company over many years don't do that for "no good reason".