Stockman, good companies do both. No matter how good of a company you are, you don't issue blockbuster deals every week.
Smart smallcap CEO's engage with investors on a regular basis to answer questions and keep everyone up to date while deals are getting done. Small caps don't have the media and analyst coverage of big caps, so it is their responsibility to be proactive.
In the meantime, it is pretty safe to assume the IP team is working on deals every single day, which has translated into pretty good returns to most investors in 2020 YTD. Don't take the typical fluctuations of small cap companies to suddenly mean more isn't in the works.