It is abundantly clear there are serious flaws in the behavior of the management with respect to the dissemination of material information regarding previous failed deals and the current ongoing saga of this latest so called done, done, done deal to the shareholders.
There are many more complex, truly head spinning deals that are announced, negotiated, put before the shareholders for a vote up or down regularly in the business world without all this nonsense that the shareholders of MDMN have to endure.
Announcements, updates and leaks from the top seem to serve at best no one, at worst seem to be a sinister motive to keep the sp up long enough to cash in by insiders.
Very soon, imminent, next week, end of day, at the conclusion of meetings, end of trips on and on and on it goes without results. It is no wonder that some have taken such a dim view of the capabilities of the management, along with a healthy dose of cynicism as to the real modus operendi of this group at the top.
To give JJ et al the benefit of the doubt, I would have to conclude that there are meetings, discussions and negotiations going on and have gone on with prospective buyers/interested parties in times past and now. However, agreements to agree are not tantamount to any firm deals and should never be characterized as such. When at the shareholders meeting innocent believers enquired as to the status of the deal, they were told in no uncertain terms it was done, done, done. Share price goes up in anticipation. Excitement is in the air. People trip over themselves buying the stock at the highs anticipating the finalized announcements. All is good until the delay tactics.
Then the delays come in to play. Notarios, legal finalization, being here, being there, come to NY to sign, hiring an attorney, pr firm, capital company, $180M with 15% free trailing interest, leaks, next week, at the mining conference, announcement delayed because it's best to break the news through a media event, the list is endless.
These types of errors and omissions make one's head spin. These types of games bring doubt as to the veracity of anything the management puts out. At best, one thinks they are inept. At worst, they are being accused by some of perpetrating a scam.
Which is it, a pink sheet scam or goof balls trying to play a miner's game in the real world who just are totally inept or a little bit of both?
Enough! Tell us what you're doing management. Respect the people who have placed hard cash on the table. If there is no deal, so be it. We take our losses and march off the field.
If there is a deal, certainly we are entitled to know more than just the announcement that we have an offer of $180M and 15% free trailing interest and $7M to explore, etc. etc. etc. Then the delays and diversions from the real deal to the LDM. This is potentially insulting and beyond the pale for people, who in the words of some, are truthful top notch people.
Enough!
