I think that's what Ozzybear did. He did politely request the...

I think that's what Ozzybear did. He did politely request the answer from Roby, but got ignored (intentionally or un-intentionally whatever).

If the VC contract is really "legally binding", MXC should be able to get compensation from the defaulted party. Consider it is a 40-million dollars worth of contract, I believe the compensation should be decent?

Of course, it is underpinned by whether VC is a legit company with million of dollars of assets , or it is just an empty shell company with zero/minimal assets . If it's the latter case, it is better to save the legal cost. But in this instance, shareholders can sue the MXC directors for their failure to act in due diligence and care.

Nonetheless, shareholders are entitled to know the progress of the legal proceeding after 2+ years since the default.