You are continually staring at individual brush strokes imo. Step back, start to look at everything going back to 2010, and you will not only be able to visualize, but actually see the masterpiece that Jim is creating. You are too close to see, OR you do not want to see imo.
Why don't you call all the folks you spoke to at MSE with the no acquisition confirmation to you many months ago and ask them. Sure they will gladly tell you. If they take your call.