Some people imply it's never coming, and I think that's meant to rattle people into selling their shares. One way or another, it's coming, along with other updates. Certainly, they didn't abandon the company and say, gee, we didn't get no bids after rejecting $5.5mm. For all we know, insiders want us to drop our shares, they might be scooping them.
There's no dilution here, so the only thing that the company can want is the share price to go up. They don't seem interested in dumping at these levels, that's for sure, or we'd be at .0001.