I have looked at the Sloan filing many times. While the price is around dividend price, there is no cash discussed in the filing, there is no term discussed in the filing. With no cash and no term, I have cannot say with clarity whether that filing is a positive or a negative.
As far as why the "numerous escape hatches have never used," I believe that is a risk/reward scenario. There is no reward for using the "escape hatch" and there would be increased risk of prosecution or lawsuits. It is safer to keep everyone in the dark.
As far as the gold. The gold is an unknown. We haven't seen the remainder of the gold mines sold. Filings would detail the sale of 100% of the mines to NMGL. NMGL would then need to sell 100% of the mines to, hopefully, a cash buyer. NMGL has no filings detailing possession of 100% of the mines.
