You are right, it would be a huge positive if Ernie would be shown the door, unfortunately he probably isn't going anywhere. It appears he is just sitting on this and doing nothing. There are 70 million shares outstanding and not a penny of capital. Meanwhile, gold is flying high and MLM is sitting on a gold mine in Montana.
No question this company has some great properties! But what good are they if you do nothing with them? I have a few shares, but will hold off on adding to my position until Ernie is gone (unfortunately, that could be another decade or so)