*** EXTRA *** Mr. Chacma Update *** EXTRA ***
Mr. Chacma called me this morning. He sounded inebriated. He asked me how my weekend was and if I had enjoyed my vacation in Morocco. I explained to him that I enjoyed the northwest part of Africa but was somewhat stymied by their lack of internet access. I was only able to check in on MDMN when I retired to my hotel. I did mention that I thought the recent rise in share price was a good thing for shareholders and it appeared that MDMN now had a 'crook-free' management team. This last comment did not sit well with Mr. Chacma and he launched into a rather lengthy tirade about how Les Price was always looking out for the company and how other shareholders had conspired to bring Les down because they were jealous of his position. He regaled me with stories of how Les always went above an beyond to provide quality information to various shareholders who would then disseminate it to other shareholders. Les really kept a good handle on the rumor mill and ensured only accurate information was published. I told him he was full of bollox and that is when things took a turn for the worse.
After 3 minutes of cursing, he calmed down and took another pull on his handle of Military Special Vodka. I know it was Military Special because he told me how he used it to peel paint off his bumper using the concoction he was now imbibing. I asked him what he thought about doing a reverse split. He thought this was a capital idea but when I mentioned how dilutive it could be, he retorted with the comment that dilution was actually really good for penny stock companies, especially miners. I asked him to explain his logic and he said that if MDMN did an R/S and then issued a ton of shares, it would bring in more investors who would be eager to scoop up free shares. "More shares for less money" he claimed. I informed him that a R/S would actually cause the price to climb to which he said "exactly, don't you want to price to climb?". Of course I retorted, but a climbing price due to a R/S isn't the same thing as a normal climbing price. He cursed again and told me I was full of crap.
I don't think that he understands the concept behind a R/S. He began slurring his words. Since I knew I couldn't convince an imbecile like Mr. Chacma to understand the nuances of a R/S, I hung up.
There may be times when we are powerless to prevent injustice, but there must never be a time when we fail to protest.
