Tuesday, May 04, 2010 6:50:15 PM
I hate to burst anyones' bubble here but I never said the deal was signed on Friday and the announcement was coming on Monday or Tuesday. Those words never crossed my lips and I dare anyone out there to step forward and say I said that...... I didn't.
What I said was that Greg Chapin told soandso, who told soandso, who told soandso, who told me. And just to be clear I had a long conversation with the guy who told me just to make it perfectly clear that he specifically told me "the deal was signed this morning." I then followed that up with another share holder who was speaking with another member of the BOD who was waiting on email confirmation that the deal was signed on Friday. One member of the Cerro higher up said the deal was signed on Friday and he was expecting the announcement on Friday. That's three aces....I just can't dig or look or find anything better than that. All of those sources said the announcement was coming on Monday/Tuesday or changed their idea to Monday/Tuesday. I simply reported to those with whom I speak what I was told. I had others in my loop agree with my input and go out trying to seek their own confirmation.
I won't get into the right or wrong of whether people should be investing or not selling to pay bills based on internet chat rooms....I agree with that . But I find the inability of management at Medinah to take just 5 minutes to update us which they implied that they would do and they haven't done to be shameful at the bare minimum and totally lacking in integrity at the maximum
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