Matrix 'on fire'

Perhaps I have had too much exposure to Bill Lawry!

I find it more than a little surprising that for a company whose existence is reliant on friendly cooperation from outside parties and possibly another US$20M of finance, its shares have suddenly perked up very strongly the last few days.

I am a bit of a 'where there's smoke there's fire' man and can only assume something is cooking because they have certainly have not announced anything.

Other views?