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Bullboard - Stock Discussion Forum Monument Mining Ltd V.MMY

Alternate Symbol(s):  MMTMF

Monument Mining Limited is a Canadian gold producer that 100% owns and operates the Selinsing Gold Mine in Malaysia and the Murchison Gold Project in the Murchison area of Western Australia. It has a 20% interest in Tuckanarra Gold Project, jointly owned with Odyssey Gold Ltd in the same region. Located in the Central Gold Belt of Western Malaysia, the Selinsing Gold Mine covers a total area of... see more

TSXV:MMY - Post Discussion

Monument Mining Ltd > Proposal To Management
View:
Post by romara on Nov 24, 2021 10:09am

Proposal To Management

This is a proposal to management before we seek a Class Action Lawsuit. If anyone has any other proposals... speak up ......

I will be sending this to the Chairman of the Board of Directors, The President and CEO, and the Investor Relations Manager for their actions .
.......   Richard

PROPOSAL

 

A proposal between two, or three un-named Monument Mining Limited Dissident Shareholders

 

And,

 

Monument Mining Limited, Executive Officers and Directors

 

Without Prejudice

 

The above named shareholders have decided they may take LEGAL ACTION

Against,

      1. Monument Mining Limited

      2. Chairman of the Board of Directors, and Directors

      3. Executive Officers of the Company

 

This legal action would be in the form of a lawsuit, and expanded into a Class Action Lawsuit at the permission of the Court, so that all dissident shareholders of Monument Mining could participate.

 

This Class Action Lawsuit would contain a financial penalty for Monument Mining Limited, and the removal of all the current Executive Officers of the company, plus all Directors, excluding Dato’ Sia Hok Kiang, of Malco Mining Sdn Bhd., who holds 55 million shares of Monument Mining Limited.

 

These Executive Officers, and Directors would have until 4 pm Vancouver time, on December 10, 2021 to resign. Those that resigned would be covered by their employment contracts, and severance as per Province of British Columbia employment regulations.

 

If any of these Executive Officers, and Directors refuse to retire, then a Class Action Lawsuit would commence against the company, and the noted Officers, and Directors for what they have done, or not done to this company for years. The chances of this Class Action Lawsuit being successful are very good. The evidence against these Officers of the company, and the Directors are all in the Company's News Releases, and documents posted to SEDAR. Shareholders have been promised a lot of things by this management team, but they never fulfilled the promises, and shareholders have suffered.

 

If the Class Action Lawsuit is successful, management employment contracts will be nullified, and existing management dismissed with cause.

 

New Officers of the company would be chosen by an Mining Executive Recruiter, and Administrator for the Class Action Lawsuit. The new management team would then recruit new Directors, who would be voted in a a Special AGM

 

Comment by Wayned52 on Nov 24, 2021 12:24pm
You two guys are doing more harm than good . It`s down to you two posting the same thing over and over . They said assays by the end of Nov.  Let`s see what happens . Let the adults run this company . I`m much happier with that plan.   If you think any legal action like this will fly in Canada you`re dreaming . 
Comment by romara on Nov 24, 2021 2:25pm
Wayne.... it worked with Aurcana ..... I was part of the Class Action Lawsuit .....   Richard
Comment by SilverNS on Nov 24, 2021 4:29pm
The sad part of this is that this Management Group is pushed us to this point where we all are looking ways of replacing them.
Comment by Wayned52 on Nov 24, 2021 4:47pm
What about we wait till the end of November and see if they deliver assays as promised . If they do you will have no case . 
Comment by nozzpack on Nov 24, 2021 6:55pm
That is the inescapable conclusion reached by many for many years. Folks don't know that the phase 1 drill results were received months ago and previous to the Sept 20/21 update, but they chose not to publish them. As for the short phase 2 of just 5500 m, which as of Sept 20/21 ,they had not secured a drilling rig, ODY drilling program shows that this could be drilled and assays fully ...more  
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