What you say is slanderous. With only 6MM preferred this stock could take off. With interested 3rd parties in NMC's ore, and a new subsidary, California Precious Metals, LLC, the company might have a way to make money. The market can benefit too, with a new registration and 15,000 shareholders of record.
It was clearly stated the former officers settled with the company and there were still 985MM shares unaccounted for.
What is this IRS letter you speak of? Does it pertain to certificate holders, which doesn't make sense as they are the longs holding stock for a long time probably at a loss. It may be all about ill-gotten gains from traders manipulating the price of the stock to hold it low and serve their vendetta against platinum in Arizona. Maybe crimes have been commited in this activity which apparently has been a long running scheme dating back to 2000 and before. This might change as they liquidate to pay taxes and fines and in preparation for much higher stock prices.
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