Anybody looked at NPEC and MDIN? NPEC claims to have a subsidiary Metroplus. They even have a website, metroplus.ca, with a product that is, well, hard to decipher. Lot's of talk about undefined "units". Calling the company repeatedly got me nothing but voicemail, which I left. Never got a response. Tried placing a product order...again, no response. Visited the offices...nobody connected with the company was available, nor would they be available in any short timeframe, but please leave a name and number and someone will get back to you just as soon as possible. There was not one single thing in the offices that would identify it in any way with Metroplus. Just a receptionist.
MDIN is a mining exploration sub of NPEC's. NPEC at one time appeared to own 20% of MDIN, there is a really convoluted history with a Chilean mining subsidiary that was once owned by someone else but the "someone else" seems to have some of the same names involved. MDIN's website lists unaudited financials. A quarter of their budget goes for IR. There are huge transfers to unnamed subsidiaries (plural). I am unable to discern who besides Sierra la Plata in Chile is a subsidiary. Financials for the Chilean sub, audited or otherwise, are unavailable, with the reason alternating between (a) they're in Spanish, and (b) they're unreadable anyway. I'm not making this up. There is also something about a case pending before the Chilean Supreme Court which, if adjudicated favorably, will greatly increase MDIN's value. I was unable to find verifiable details of this case.
The SI boards for MDIN and NPEC appear to be filled with the usual range of hypsters, including some particularly optimistic ones who apparently believe that MDIN, until recently a 0.01 stock, will be issuing dividends. "Investors" are being encouraged to request their certs so that "shorts" can't get hold of them and to preserve their right to future dividends. The level of "investor" is appallingly low for a DJIA stock, never mind a BB. Many people don't know what it means to short a stock, they can't read a ticker, have no idea about bid/ask, etc etc etc. And they appear to be betting substantial portions of their liquidity.
And, if that isn't enough, let me add "Vancouver" and "mining stock". :-)
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