Public companies have to walk a fine line when it comes to public disclosure. They want to keep existing investors up to date and attract potential investors with information about their current work, but if they say too much, it could be construed as an attempt to mislead the public.
The result can sometimes leave investors with more questions than they started with.
Consider this mysterious missive from Amada Mineral Corporation of Denver, Colo. It speaks about development of a “semi-proven” property, a concept akin to someone being semi-pregnant, then says the property is “at a still undisclosed location.”
We hope they find it, because they’ve lost us.
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