Questions for Doug1. The news release does not mention USCG once. Seems like this release was quickly put together without review. Are they still LME's financial advisory firm? I'll assume so but it's another sloppy mistake that adds to my loss in confidence in the managament.
2. How long will USCG provide services for $250k? I know its an open ended deal which can be broken off by LME. However, does USGC also have a break clause where they can walk away? Realistically I can't see a firm continue to provide services for months to years for a $250k payday The longer they work the less theyre getting paid per day. Getting paid a paltry $250k for a deal potentially in the billions of $ sounds off to me.
3. Legally how long can a publicly traded company maintain a special committee and financial advisory firm WITHOUT any deals being made?
4. Will shareholders be immediately notified of the dissolution of the SC and FA arrangments if buyers walk away or deal fail...or is this material information not required to be disclosed to us?
5.Or because the FA deal is open ended...can LME maintain its SC and FA in place in perpetuity because they are ALWAYS looking to get bought out (like 99% of all mining cos)?