The continuing lack of SEC submissions speaks volumes.
MLER used to file their information with the SEC regularly, so they were capable of doing it in the past. But two years ago, they stopped filing any kind of financial information.
The only explanation for this is that the information contained within the SEC filings was too embarrassing to admit. Perhaps the amount of money that is being spent (with nothing being accomplished) is an embarrassment. Or perhaps there are peculiarities with insider stuff with the stock that go beyond embarrassing.
For this year's shareholders meeting (assuming that there is one) -- this is the line of questions that ought to be asked. Not about the list of things that MI said they were going to do last year, and the list of things they say they're going to do in 2018. Experience has shown that those things are pure fantasy. Ask about why the finances aren't being reported. Ask about where the money (the company was spending $8400/day according to the last financial report filed) is going. How many people actually work at MLER now apart from Paul and Zack? What do they do?
News 
Market Data 
Discover 
