sorry...I thought Terranax was an investment house...its now a new subsidiary of Questerre....thats likely what was driving the SP....new 27000 agreas QEC...see below portion of NR

At a Special Meeting of the shareholders of Terrenex held on April 28, 2008, the Plan of Arrangement received the support of 100% of the votes cast. The transaction subsequently received final Court approval. On closing, Terrenex became a wholly owned subsidiary of Questerre. The total consideration was 18,910,403 Questerre Common Shares and the assumption of a $0.5 million working capital deficit. The net debt component has been paid through a non-refundable deposit on the transaction. Terrenex's Common Shares will be delisted from the NEX effective April 30, 2008.