Medinah Minerals (MDMN)

[Veblen]

"MMI, not MMC, is the one going to do the "due diligence" because MMC, not MMI, accepted this agreement and MMC, not MMI, is the most familiar with the offer, the terms, the conditions, the deliverables, etc. MMI needs to go, review and approve the terms and conditions, take the registration steps, and then return and report that MMI has formally approved and registered the MMC contract and is bound by it"

BE seems to indicate that MMC did not have the power to enter into a binding agreement without MMI approval else why does MMI need to formally approve the terms and conditions. I assume MMC is a legal entity with the power to enter into binding contracts. He also seems to indicate that MMI is not totally familiar with the terms and conditions of the agreement, I find that hard to believe.

So from the JV partners point of view why did they waste the time
dealing with MMC why didn't they negotiate with MMI directly, or did they, in which case this should all go VERY QUICKLY (I hope).