RE:Standstill agreementAs far as I can deduce, Malaco loaned Goldmet $15 million so that Goldmet could participate in the PP financing in 2013.
That came with a standstill agreement such that Goldmet had to vote for the Management on the Mengapher deal.
This is the worst side of standstill agreements , as it appears to be an out and out vote buying by Malaco/ Management to approve the disastrous Mengapher deal in which Malaco took Monument shareholders to the cleaners.
Note that Malaco was the seller of Mengapher, so if my posit is right we have the seller in collusion with
management bribing a major shareholder to vote for the sale of Mengapher ....a deal in which Malaco
got a sweet deal for an asset that was grossly over valued by a factor of 3.
Undoubtedly, 10% went to the Big Guy......