Rick,
Although your point is well taken, a picture is better than none, what is consistently lacking is the managment's candor and transparency of events that are taking place.
For instance, they have a hard time making the case that they did not know Ulander's background. And if they admit they did not know his modus operendi, then they have to be characterized as woefully inept at best. Frankly, I have a diffult time accepting that, given that JJ is a learned man, who brilliantly negotiated and amassed all these valuable claims, has been at the forefront of all these negotiations to acquire the claims so skillfully and yet refuses to ever ask or enquire as to the credibility of the buyer? Does not add up. Something is array there.
Another issue is the total silence on Ulander et. al, and what the status is of the security that Medinah held against performance by Ulander. Does Medinah just walk away with no recourse? What and where is all that worthless millions of shares of stock that Ulander pledged as security. No discussions on that. No information on that. NOTHING.
The usual method of working the claims has been to post pictures, make statements regarding progress reports of ore being shipped, the reports of the value of deposits, when it has not been fully vetted and verified, reports of yet other discoveries of even greater value deposits at LDM than ADL, and on and on. The fluff reports are unending, while substantive actions that produce cash flow is supposedly progressing now.
The problem Rick is that even when there is real progress, it is clouded by all the extraneous garbage that shareholders are asked to believe and swallow hook line and sinker. And all because JJ has spoken it.
And now we have our new CEO, Dennis the menace regurgitating all the fluff that JJ fed us, only doing it his way. Thanks for your most recent update Dennis. We are now in good hands because your bio says so. And we belive.
Interesting to note that his bio sounds like a low level managment cv more than anything else. Another fluff. Yes great, you are a great turn around artist. So show us your history as to whom you turned around and the total value of the deals. Not too impressive so far. Let's see what value he brings to the table.
So we sit and wait. When will this managment produce a legitimate payday? Anybody's guess.
