Diamond- your second paragraph seems to apply to private companies filing with the SEC once > 500 shareholders..
NSDM is public- called pinksheets. There are numerous OTC BB stocks that file to SEC and the costs are in the thousands, not millions. That is what some of the public funds from the float should be utilised in operating expenses- it is called foresight.. They should have used the funds for anticipation of conversion as it seems to always have been a desired goal.
NSDM could always pay their counsel to perform these duties.. Hey.. Black Sea Minerals has filed (Nov 2003)- Walter's other company so as a shareholder of NSDM my question would be: Where do I want him investing the time, resources, funds etc? There or NSDM?
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