It’s another ugly report. More toxic notes and those share subscriptions payable and share issuance every month are adding up as well. It’s mind boggling that we still have no significant results with all that money being spent.
If they don’t recover some significant amounts of gold very soon, Mexus shareholders are going to be in big trouble. These newer notes have hugely discounted conversion rates, and that is not good , due to the need for either an increase in Authorized to cover conversions, or a R/S that is becoming more of a threat with every Quarterly.
Mexus will be just fine after a R/S, but shareholders almost never recoup the losses that a split brings.
That being said, a few large pours paints a brighter picture.