via Investopedia.com - Dummy Director

On the subject of an amalgamation squeeze out, or perhaps a shareholder freeze out or eviction, you would need a board actively participating in the stock and part of the decision making process, not a resignation of the entire board. But instead we had the resignation of the entire board, which would be entirely unusual in a squeeze out.

What then appears to be intended is that the whole of the management are dummy directors. The irony might be that instead of taking the company private in a going private transaction, the company may be attempting to go public with long-held secrets.

Right now, the company is being managed as a shell company of no value, but then must achieve a valuation proposition. As I've maintained, the company may already have completed two tranches of financing, one asset-based, and one revenue based, supplying the Mint with gold. The company would then have no capital requirement and no debt.

The trading halt was specifically meant for the restructuring and related news, then became a halt for its own sake after the resignation of the board. So it appears to be a planned event. The company might not make these moves were it not for new, permanent board members waiting in the wings.

So the company is entirely at their own leisure awaiting gold price advances.

http://www.investopedia.com/terms/d/dummydirector.asp

$Gold Daily

Gold prices nearly broke out with yesterday's action, and appears ready to break out under volume. The analysis presented here in the daily chart was exceeded overnight, but we are now awaiting the close:

http://schrts.co/8PAOTz

-F6