That's all well and good for all the others who finally got their funds. But as to Medinah, you rightfully point out, the pudding is in performance, not a bunch of fabricated words about how the funds are landed, they are in Chile, the money has been transferred to this account or to that account etc, etc, etc, as the King would say in the King and Medinah.
In the grand scheme of things, the question of why a measly sum of $5.7M is not paid out to Medinah for the Alluvia stock that Medinah punted right back to Amarant is beyond me. This is chump change to Ulander.
It's not obvious, but one has to reasonably come to certain conclusions. One of those could be that the "Agreement" between Amarant and Medinah looks like Swiss Cheese.
The reason it's worth noting the above is because it is not unreasonable to go out on a limb and make that statement due to the fact that Medinah has not yet mentioned anything about Amarant being in default of Amarant's obligations. In fact, the opposite seems to be true. Medinah has gone out of its way to attempt to placate shareholders by making the statement that to date, whenever that statement was made, Amarant has (paraphrasing) has met its obligations to Medinah. Yes?
So if Amarant has met its obligations to Medinah, then the delivery of even a red Chilean penny is not in the cards until those terms of the "Agreement" are met. And since Medinah is not necessarily all that transparent with its dealings with its shareholders, we don't know what the "Agreement" says and will not until this so called, self imposed confidentiality agreement is lifted.
Let's see, the confidentiality agreement as to Amarant may still not be lifted as this deal is still alive and seems to be going in the direction of closing. But what about the previous partner who failed to deliver. Why not publish, make known, let us see who it was that failed to perform. What could be the detriment to Medinah if Medinah discloses to its loyal shareholders who, what and when of the previous partner/non buyer.
Well, again I digress. So I say, great for your aforementioned companies who finally got paid. But where is our Chilean Beef? And why we haven't even eaten a chili cheese burger, never mind the steak.
