I am assuming because that is all I or anyone can do with MDMN. They do not file any paperwork with the SEC which presents a problem for investors and for people in the mining industry who may be interested in their story.
MDMN should open their books, pay an accountant to audit them and release the findings good, bad or ugly. Doing this would give the shareholders a place to start and would at least shed some light on the share structure. Remember, the TA is gagged and refers all questions concerning the issuance of shares to MDMN. Ungagging the TA would be a huge step in the right direction. So why doesn't MDMN do that? As far as I know, it costs $0 to make a phone call and tell the TA to release the share structure to interested parties.
How about paying a "qualified person" and a reputable drilling company to conduct a legitimate study of part of the property? Good grief, how much money was spent jetsetting from Canada to Chile to New York to Sweden on the Amarant deal? How much money are those dinners costing MDMN shareholders in Santiago as Les and JJ wine and dine the prospective suitors for "Partner C" negotiations? How about taking that money and paying for a drill program? How about getting the "ore stockpile" properly assayed and shipped to the nearest mill? What is so difficult about these suggestions? Why is is it so incredibly hard for MDMN management to complete these basic tasks? I don't think I'm asking for anything out of the ordinary.
I got one more for them after they ungag the TA; every time they want to issue shares for something, put it to a shareholder vote. Shareholders have been sticking with this company for decades, isn't it time they had a voice?
