I own some from before the announcement of the management and name change. I have held to get the 18c shares. If not, I would have sold as at this price the stock seems dramatically overvalued for the assets that they have so it is speculation that this new team is going to put something interesting together - likely people with inside info loading up.
I spoke with management a couple of weeks ago and the assets they are buying are in Europe. My guess is they probably had something lined up with some smaller assets from Vermillion but nothing has been announced (again maybe so people can load up - and they get all this PP and name change behind them). With the oil price much higher than when they took over the company - they may have trouble getting it put through if it was a sweetheart deal.