I certainly guessed wrong - thought the announceme
Post# of 2064
(Total Views: 343)
Posted On: 11/12/2019 3:22:47 PM
I certainly guessed wrong - thought the announcement this morning wasn't all bad and bought some shares - about one-third of the days volume so far . Bought early only to see price drop back to 0.0084. Yes very disappointing but speaks to he lousy record for delivering on any given press release . Only one thing matters and we have not yet seen it - actual sales of substantial ounces of gold. I'm tending to think even the first reports of gold sales will be met with muted reaction.and if we get to 3 cents there'll be selling by people who scarfed up these penny and under shares.
The Certificate holders ( I hold both trading shares and Certificates) are locked out -most can't do anything with their Certificate shares even if they get the restriction removed. The problem is no brokerage will take them at these prices so for now there are tens of millions of shares are out in Certificate form that can't be traded. Those shares are essentially off the market till Mexus trades on a higher level exchange and that is not anywhere in sight. There will be a reverse split at some point to get share price up - an artificial rise - but needed to get on a major exchange.
Bit of an increase and we're now up for the day 45 minutes before the close MXSG at 0.00952 at 2 15 pm CST.
The Certificate holders ( I hold both trading shares and Certificates) are locked out -most can't do anything with their Certificate shares even if they get the restriction removed. The problem is no brokerage will take them at these prices so for now there are tens of millions of shares are out in Certificate form that can't be traded. Those shares are essentially off the market till Mexus trades on a higher level exchange and that is not anywhere in sight. There will be a reverse split at some point to get share price up - an artificial rise - but needed to get on a major exchange.
Bit of an increase and we're now up for the day 45 minutes before the close MXSG at 0.00952 at 2 15 pm CST.
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