[quote=“cornhuskergold, post:354, topic:1377”]
Instead of talking about it, pick up the phone, break out your checkbooks, hire a lawyer experienced in international securities law, form a class action, and have at it already. And in a few years when you have the results, let us know how it turned out. [/quote]
I think JimGold is well aware International Securities Litigation is not an attractive or inexpensive option to pursue.
Disputes involving U.S. investors typically have been settled in negotiations between the investor and the appropriate government entity. Disputes have been referred to the local judicial system although the time required for resolution may make this an unattractive option for foreign investors. Because of the high caseload, understaffing and antiquated case-management procedures, resolution of business disputes in the civil court system can take four to five years.
http://www.state.gov/e/eb/rls/othr/ics/2015/241516.htm
IMO, MikeGold is quite correct in stating:
[quote=“MikeGold, post:355, topic:1377”]
The audit is already on-going. Since Auryn is involved,(and a Medinah shareholder) one has to believe they are highly motivated to find any impropriety that may have occurred. They have more than enough leverage in the form of existing shares that are still owned by the insiders, debts that haven’t been paid yet, their assets in AMNP, CDCH and especially Nuoco and the associated shares of Auryn to force a claw back of stolen booty if there is any evidence of dirty doings.
[/quote] I say letting the new MEDINAH BOD and MASGLAS straighten out any identified past transgressions is the preferred way to advance PPS. Kicking early production opportunities into high gear is of the highest priority.