In a vacuum, my assumption would be that the cancellation is priced in at this point and the actual hearing is a "sell the news event." So I wouldn't expect it to go wild now.
But seeing as the market cap was lower than GVSI even before the cancellation, one of the two is out of whack. Either SRNW needs to grow, GVSI is too high, or investors have greater hopes for GVSI between the two for some reason.