It was almost a year and a half ago...back in April of 2015 when the PPS was getting up in and around $3.00 And it was more than a rumour, there was that bloomberg interview with DM putting it right out there that he was in discussions with "multiple companies".

http://www.bloomberg.com/news/articles/2015-04-28/resverlogix-ceo-says-company-in-discussions-to-be-bought

Contrast that with the current situation...now we can't even get a straight answer about why the AGM was "whatevered". Maybe someone should call and say they're from a big media outlet?