This is my first post, and it will probably be my only post. I have been in and out of this stock with a digestible loss. I am now long and have actually influenced others to be long the stock. Some are at a loss and others are in a winning position, depending on when they got in.
I am at break even or a minor loss, not an issue.
What is an issue to me are the following:
When there is a planned merger or a planned acquisition of a publicly traded company, there is a time frame within which the execution of the planned merger or acquisition takes place.
At some point, there are even rumors of the plans for a take over or a merger, and the suitor's name is even leaked out.
Surely there is a NDA and so forth in place, but at some point, nothing can hold back the rumors, and the beans are spilt, and the suitor, acquirer, merger candidate's identity is divulged if not leaked out.
I would like to know how it is that MDMN has such a tight discipline that no one, I repeat, NO ONE, ever mentions the suitor's names, identity, or any shadow of a glimpse of who the hell it is that has made an agreement to purchase part, all or become involved in negotiations in a JV of some type.
So I understand the need for confidentiality, but what of the previously failed bids for a JV? Who the hell was it that supposedly did not follow through and backed out of the previously announced deal?
Don't you guys want to know who the hell it was? I want to know who it was.
I want to know what the hell is the big secret any more. Why protect or otherwise keep the old, stale bit of info confidential.
So the previous JV did not go through. So what. Deals break up, and deals happen. The last one that we all waited for a year or more did not materialize. So what, S--t happens. But why agree to keep the identity of that JV suitor a big secret? Who was it? I want to know. Doesn't anyone else out there care who it was that reneged?
So I will come to the chase. If there was a JV that went south, then let us know who that suitor was. If there was never a JV then come clean and tell us what the hell went on.
A discussion with a party regarding a JV does not constitute a JV. Only talk. Was there a JV or not. Let us know.
Similarly, now we are expected to sit tight and believe that the deal is done, all it requires are the final signatures, which documents have been presented for signature.
I have never heard so much none sense about the finalization, duties of parties, on and on and on and on it goes.
What is the deal here. Do we have a deal or not? Is there a party out there who has agreed to the terms of this deal or not? What is taking so long to get a final signature?
This is taking things too far, even for a pinkie. Enough is enough. Come clean with the stock holders who have supported this share price long enough.
For all who got in during the sub penny days, no problem, you can wait until the cows come home for this to pay off big. But for those who got in at the recent highs, before and now, I am certain are as frustrated and cynical as I.
Just speak plain old English. Is there is deal or not? Or are you simply talking out there to anyone and everyone, and no one wants to quite meet your terms. I will give you that much benefit of the doubt, rather than saying "you have no deal".
Is this is just another exercise in testing how long we shareholders can hold on while those who need to dump at these highs dump and wait for the next low's to buy back in.
Really folks, I hate to be so cynical, but this is deja vu all over again.
