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  4. Mexus Gold US (MXSG) Message Board

Nobody knows of course about how the debt was paid

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Post# of 2064
(Total Views: 329)
Posted On: 08/13/2019 12:21:53 AM
Posted By: Megashear
Re: Badgerbob #530
Nobody knows of course about how the debt was paid. Usually by rolling it over. The Private Placement shares went out at discounted prices more like half the value a trading shares. A lot of the shares I think go out for services in lieu of cash for any who'll take the Certificates. I consider them worth ver little at present - you can't get then into a normal brokerage account so you can't market them. It may be a year or never before you and I can. The principals of the company I assume collect the newly minted shares also. . So between shares for services and discounted private placement shares I'd guess the cash received is well below the million-dollar figure you cited.

They never have audit money but they are doing some operations on the site. There is no detail of expenses in the reports filed.
Show me a line for "Diesel Fuel" or "Cyanide" Won't find it.

Today saw surprising strength early then what I'd consider a more normal reaction to the confusing press release - weakening price and a close down 20%.

Very big need for something we won't get and have never gotten - a "Letter to Shareholders" by the CEO and/or our metallurgist Roberto Hernandez telling us where we stand and where we're headed.




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