Fj,
I am with ya. The timing just seems odd. I think people have to be over reacting or reading way too much into this. To me it doesn't make a lot of sense to have a slew of great news releases, add directors with options at $1.99, and then release the MD&A. I skimmed the MD&A and found it a bit ambiguous. They did not really detail the issues that they were having. Obviously the BNN cancellation had NOTHING to do with the MD&A because they've known about the "delay" for a lot longer.
I still believe they've got some aces up their shirt sleeves that will reveal themselves soon.
I have to admit though, it is getting tiresome waiting. It seems as though we take two steps forward and one step back.