1. Yes, it's very clear this sell off is from Frank Ottavian's 20 million shares that he got cleared from T8 company and the only thing old manner had to do with was giving Frank Ottanviani a consulting agreement.
2. The only gold production that was presented to new management that could not pass a PCAOB compliance was from Anthony Capazzi company Royal Costino LLC is because Anthony didn't pay his taxes in Peru and Sunat shut him and his company down in Peru. This can be verified online as they were put out of business by Sunat.
Almost every mining company in Peru has PCAOB compliance and all the big accounting companies use PCAOB compliance with all lands can pass compliance because Peru is a mining country with all its investment coming in from public companies from USA, Canada, UK, Canada and China.
So the only problems were Frank and Alison doing back yard deals with companies like Royal Costino LLC who didn't pay there taxes in Peru and got shut down.
This had nothing to do with the indigenous group that brought Frank and Alison choice deals that would have passed compliance all day long and they screwed over.
This is a nice spin move to deflect the truth but please look up Royal Costino Peru with Sunat and you will see they were shut down by the govt for not paying their taxes.
Also, the Royal Costino crew was found in the Panama situation according to online DD with the Royal Costino General Manager in Peru.
All the mining properties in Peru pass compliance unless there involved with criminal activities typically from people and companies outside Peru.
Just look it up and you will see Peru is open for business and is very favorable to investors if you follow the law.
Seems like the biggest problem with MONI is Frank Ottavian and him not doing honest and transparent business
1, the relentless selling of shares that endured nearly a year that commenced right after the announcement of the new management team. These shares were issued by former mgmt. This clipped MONI at the knees and killed all momentum, even with announcing of multiple developments that should have propelled the stock to the next level. This selling was like an anvil around MONI'S kneck. Former MGMT share dispersion, profiting off of actions of new mgmt.
2 , we now know that the promotion of the gold production, also presented to new mgmt/ownership and the public for that matter did not meet the standard of the PCAOB auditing firm. This was likely due to either issues with claims, or the inability to verify quoted production yields from those mining facilities.
