If VM is alive (and I'm not sure on whether or not I want him to be), I have some theories:
(1) Jack and Syd are playing everyone to fool the black guy ( sorry don't remember his name though I should because he shot VM) who took the book.
(2) Jack extracted VM for Syd and the baby, but wants to get to the bottom of the VM not being VM stuff himself.
(3) The black guy and his team are behind it. They want to know what VM knows and if he can help in their endeavor.
(4) Syd couldn't have extracted him, because she (4 months) is trying to find out about who VM really is.
(5) Renee is not behind the cover up -- just think this because at the end of the episode she didn't even know what Syd looked like.
(1) Jack and Syd are playing everyone to fool the black guy ( sorry don't remember his name though I should because he shot VM) who took the book.
(2) Jack extracted VM for Syd and the baby, but wants to get to the bottom of the VM not being VM stuff himself.
(3) The black guy and his team are behind it. They want to know what VM knows and if he can help in their endeavor.
(4) Syd couldn't have extracted him, because she (4 months) is trying to find out about who VM really is.
(5) Renee is not behind the cover up -- just think this because at the end of the episode she didn't even know what Syd looked like.