My only concern comes from the fact Goodin still on the BOD. I don’t know him from Adam and cannot comment on his integrity or potential lack of integrity. But wouldn’t everyone have felt better if MDMN said, “Hey, this happened on our watch, we didn’t know, but in fairness to all of the shareholders and MDMN, we are all resigning our positions so new BOD members not involved with any past dealings can independently investigate the past events and report to you.” They could edit it through a legalese filter, but you get the drift.
I find it interesting that these investigations and summary of findings just happen to begin after Auryn/Masglas appoints two of the three MDMN BOD this year. How come Goodin, or any other past MDMN BOD member, never looked into the share issuance structure at anytime over the last 3+ years. IMO, if Goodin resigns, then no appearance of impropriety (another great legal phrase) exists regarding MDMN’s investigation of past dealings because everyone now on the BOD would not have connections to the past MDMN, MDMN BOD, or MDMN insiders. I feel shareholders would be more likely to accept a result of an investigation from that group, even if clearing past BOD members.