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I ammend my staatement to those that attended.
Now, the caveat to that statement is that a full briefing occured as is being alleged by another Ihub poster.
Some who attended say there was nothing shared that wasn't already public knowledge and some seem to infer Paul gave them information that hadn't been publicly dissemenated yet at that time.
The only real take away from this who debacle is trust no one - even posters who claim to know things that are happening that the company has not publicly shared.
Any insight on how the note coming due in June will be handled?
I hadn't ran the numbers and assumed the $142,000 included all the notes that were on the last 10-k. If the $142,000 only covers May's notes, I'm curious if the plan will be to let June's convert or pay it off to salavage share price at some level.
Through all of this, keep in mind, the company is not making these claims, but an informed poster on Ihub.
These are two separate entities, that from time to time folks, including myself, mistakingly mix up the word of one as the word of the company.
The company is not making the claims that a investor's meeting happened instead of a birthday party or that PT doesn't need to announce company meetings becasue he's the one mane ring leader. Those are being made by a poster who does not speak for the company.
Let me makes sure I have this all straight. You're now stating;
#1. This meeting was never about your birthday becasue it wasn't your actual birhtday. Even though your Ihub post stated it was a gathering to celebrate your 82nd birthday - (nice try on tyring to pin it on me calling it my "idiotic nonsensical "birth day" riccule [sic])" but the post reads;
8thaero
Thursday, 09/12/19 02:25:43 PM
Re: None 0
Post # of 37488
Not Ellie's to authorize as my 82nd birthday and VIP has accommodated my group request as planned for every year annual basis....
What am I missing here?
So according to the PR nothing new can be proven.
1. The Toxic loans were allowed to convert.
2. No amount of gold sales confirmed or released.
3. Variable leaching rates from .019 -.048 and some wild ass guess that it will reach .05g/t.
4. Claims that no new loans have been taken out. However this won't be confirmed until the 10q for the current quarter comes out (not the 10k due next, but the quarterly due for the 1st quarter of Mexus fiscal year). So if there were/are any new loans taken out investors won't know until at least August.
5. Some wild ass guess about the valuation of equipment/infastructure. For reference the company claimed $1.19 million in assets in the 10q filed on February 2020. It will be interesting to see if the assets listed on the upcoming 10-k match the 10 million valuation being used in the PR.
There is nothing in this PR that convinces me Mexus has overcome any obsticles.
Here's the conversation I recalled.
ShellCompany3
Thursday, 09/12/19 01:40:03 PM
Re: Miz Ellie post# 32154
0
Post # of 37488
Miz Ellie, please share the details of how us investors can attend this extravaganza? I will be in Reno and I would like nothing more than to meet all the loyal investors.
Thank you!
8thaero
Thursday, 09/12/19 02:25:43 PM
Re: None 0
Post # of 37488
Not Ellie's to authorize as my 82nd birthday and VIP has accommodated my group request as planned for every year annual basis. Sorry, as posted 2 weeks too late for a tower casino rate room held in my name. Simply provide the Peppermill desk an ID and method to pay for any available room rate and we'll see you by name as we do not use funny fake names as old on-line friends. Pretty much be a haunt the halls walk in as have also informed totally unknown/unseen others. See ya there. No gift can be accepted as the name/face all gift ever be a need. Certainly welcome.
...we discussed legal implications of a gp here invited 23Sept to newly authorized SEC Rules fully informed investors asking CEO to brief fully, treated for months as a joke,...
...some silly sod buys once 10K @ a dime to sit on hands. Today same happy soul can take 1,000,000 for $2,500 making 1,0010,000 for $3,500. See that rise in profit pouring PM for 2 years and Mar 2022 have just PPS .01 for worth $10,100 a 2.89 bagger nearing 3rd base.
How are you deducing that based off of only 2 million shares traded?
The price quadrupled after a reverese split. Sounds great, but it still decimated the original shareholders.
If I'm correctly understanding the example you're using, here's how that plays out in Mexus share price.
Investor buys 10,000 share at .10/share in 2016. Total invested $1,000.
Current share price is .0028. x 10,000 shares = Current day value of $28.00.
R/S of 1/1000 brings share price to $2.80. Investor now only owns 10 shares but total value remains at $28.00.
Share price quadruples to $11.20 share. Multiply by the 10 shares they own and value is $112.00. An 89% decrease of original investment.
In most cases, the only way to make money on a reverse split is to buy after the R/S.
So is the lesson being conveyed by folks meant to tell us to get out now and wait to buy back in post split?
Good luck on the tax evasion. Mexus' losses are so significant that it can offset a pretty sizeable chunk of gold sales.
After all, if MXSG has truly been producing gold on a continuous basis for some weeks now, it should be easily able to pay off those notes, right?
CABORCA, Mexico, March 9th, 2020 (GLOBE NEWSWIRE) — Mexus Gold US (OTCQB: MXSG) (“Mexus” or the “Company) confirmed its inaugural sale of gold totaling 16.5 ounces of the 125 ounces of gold recovered to date at a price of $1600 per ounce.
You and I both know its not "lawful". The revenue (sales) has to be disclosed somehow in the financials, even if it is offsetting an expense or asset.
If there is no entry in the financials offsetting an expense or reducing an asset, then there are no gold sales.
At this point I wouldn't wager a bet either way. I'm just interested to see what the 10k shows.
The Pros and Con's of this PR as I see it.
Overall this appears to be positive progress. However, I do think there is some Mexus wordsmithing at play to make things appear a little better than reality.
1. 47.5 oz of gold sold. This is the core positive news of the PR. I look forward to an 8k supporting this claim. My two critiques/concerns on this statement are; (a) it would be nice to know dollar amount, but I get that isn't typically shared. (b) my skeptical side is wondering where/who did they sell too during a pandemic when all non-essential services are shut down.
2. 45 oz processing the week of May 18th. My issue is the term "processing" is vague. Does that mean it's been smelted and the sale is processing or does it mean they believe there is 45 oz worth of gold processing in the Merril Crowe or on the leach pad. My warning to folks about this section - don't count your chickens before they hatch. We've seen this kind of word play before.
Hopefully, all of these claims will eventually be substantiated in the financials.
Not sure who or what to believe around here. The latest revelation does raise an eyebrow and enforces why you never trust message board banter and do your own due dilligence.
However, even if there is or has been an orchestrated effort to bash Mexus, those individuals are not responsible for the lacking performance or conflicting/inaccurate PR's being sent out by the company.
A good business model and successful business results will overcome an alleged targeted attack from folks trying to short a stock.
3 or 4 people on Ihub aren't influencing Mexus' operations and it's ability (or lack of ability) to produce and sell gold.
Please show us on the form 10's where one can decipher precisely how much in expenses or assets was reduced due to not-continuous production.
It ain't there. The financial documents do not support your claims.
When the next financials come out and there is a very nice amount of revenue and it states there is a small but hard working crew, then will YOU finally accept that Mexus has NEVER been a fraud?
How much longer can people honestly believe that Mexus isn’t a legitimate operations with the amount of gold recovered and sold for a profit?
Maybe the ponds aren't leaking, thus no need for a PR about them?
Unless, of course, you have information you can share that says otherwise.
You are correct. My apologies for the error.
"Dino's statement that he is in Mexus primarily because of the integrity of everyone involved is not a strategy rooted in fact."
I made no such statement. I think you have me confusticated with RealtorWSM.
Dino
There is a lack of facts on all sides.
This company has routinely touted claims and has not provided the facts to substantiate those claims. In some cases the company has contradicted it's own claims (e.g. Mar Mar self funding, gold produced, gold sold etc.)
In most business settings, it is up to the business to substantiate what they are claiming (with accredited third-party reports, or 8-k, 10-Q- & 10-K financial fillings).
For some reason with Mexus, in spite of all the unfulfilled claims and company statements proven to be inaccurate, there remain quite a few folks on these boards that are have no issue with the company making claims that can't be substantiated or in some cases proven inaccurate. However, they have all kinds of heartburn and demand facts if a poster on these boards challenge what the company is claiming.
In other words, some around here are acting like the company can make whatever claims it wants and it is up to the investor to prove the claims are untrue. That's not how it works.
Further, (and let me preface this by saying folks can invest based on however they choose) Dino's statement that he is in Mexus primarily because of the integrity of everyone involved is not a strategy rooted in fact. PTs integrity is heavily questioned on many things including continually making claims that end up be knowingly false (again as an example I use funding Mar Mar while claiming Mar Mar had enough resources to self fund).
Bottom line, PT could take care of all of this, by relaying accurate information that has been verified by accredited and independent 3rd party reports. Instead we continue to get the forward looking fluff we get today. How many PRs over the last 4 years have given us assay levels? None of those PRs can be proven accurate or inaccurate. It's simply an unprovable claim by the company, that has no direct bearing on it's ability to produce sellable gold.
Paul talks to his peeps how he wants the share price up but delivers amazing PRs that literally offer zero info for new investors to go off of.
That’s why Mexus HASN’T taken a spiraling nosedive as predicted many years ago to it’s final death
Unreal. Already covering for why no revenue for gold sales is going to show up in the 10-K.
GAAP does not allow sales from gold (i.e. revenue) to just be deducted from asset value, corporate debt, exploration/development cost (or whatever the heck else you want to claim can be offset this week) without some kind some entry explaining why the asset value was reduced. This is what is known as the accounting equation.
The accounting equation is considered to be the foundation of the double-entry accounting system. The accounting equation shows on a company's balance sheet whereby the total of all the company's assets equals the sum of the company's liabilities and shareholders' equity.
Based on this double-entry system, the accounting equation ensures that the balance sheet remains “balanced,” and each entry made on the debit side should have a corresponding entry (or coverage) on the credit side.
If the asset/expense/debt/development cost is affected then there has to be an offsetting line item on the other side of the page.
An claims to the contrary is a deceptive farce.
Still dont feel this was correct Mar 16? Unlike some, claim am no fortune teller in partic for them's can't read written English. Sure was no such haps in MARCH as my post. And even that was beaten to death as "insider" if you'd also check.
But of course, some folks will keep insisting there are no toxic notes being converted. And the sun rises in the west. And the earth is flat.
Care to change your tune on the notes being paid off with no toxic dumpers?
Good action. Hard to keep up. Tonic not toxic!
Million taken @ 0036 near close
Bit of Mon-Wed catch up
Go4Gold - Login
by 8thaero » Wed Mar 18, 2020 1:22 pm
Official Forum
IAW PR, But as up to .5-6oz visible Julio vein will leach very slowly no great spikes in assay as most will be the microscopic areas surrounding the quartz veins. 3.1 will return over some time in load just more constant added to the .33 now being processed. Is all great not good news for 2nd qtr numbers will most prob not see until the July 14 10K. Any fine PR even 8K be ignored again as pump by the hub mob squad we can ignore selves now. So where's the millions .017 dumpers with .0035 bid rising? If never taken on can't be sold in profit. 200K-300K off/on sales can't hack that 48 mill if taken as predicted. Something is odd there. 8
Re: March 16
EditReportQuote
Post by 8thaero » Tue Mar 17, 2020 12:07 pm
I posted 10Q printed Power Up facts. They're BSn JSJ opinions based on no 15th Note conversion comment at all means bad news so wont say in the expanded mine PR. According to the crew then we're being hit with 48 million shares at .0017 sell off. We can easy see the 2 low days were .0027 and .0029 for .0028 avg 35% off = .0017. Looking anything like that to any ya's? SOMETHING made it not happen for the last 2 days. PT swung a deal somehow? The big dump Mon was 943400 @.0025 11:42.07. close was .0026/.003 hardly a big drop 4.67 mil sold. 2.174 buy and same .003 as open floating down then back up. A much better day than NEAR all mkts. to be cont...
Remember when it was said that there was no way to escape the massive dump of shares from toxic loans, over and over again?
Too bad it was all a lie.
Do you have a link for that or is this a puff piece?
How any other companies have sent out PR's announcing their closure?
My guess is not that many.
Based on the article from your link it would appear we've been shut down since April 2nd.
Your opinion was all I was looking for, not an official representation from the company.
Where you appear to be hedging your statement is when you state concern about making up for the first part of the quarter - Absolutely a fair point.
However, if they don't make up for the first part of the quarter, then the company is not "operationally profitable". Making any statement alluding MXSG is profitable is, at this point, wishful thinking.
Nothing wrong with optimism, but it is misleading to declare Mexus profitable (at least at this point in time). A share your hope that that will soon be changing.
Yes, folks commonly mix up debt with deficit (or mistakenly use the two terms interchangeably).
As the next financial report will be for the fiscal year end, I highly doubt Mexus will show positive cash flow for the year since alleged production has only recently started in Q4. I am curious to see what the Q4 numbers turn out to be.
Are you willing to go on record that upcoming 10-K will show Q4 had a profit? To be clear that means the company shows an income (i.e. expenses for Q4 are less than revenue generated for Q4).
To be honest I'm conflicted. This is all great news. I appreciate you sharing this. I hope it is true.
I'm conflicted because I'm seriously fed-up with hearing most of this crap through the rumor mill. This kind of information should not be getting out to only selected people. There is an obligation by Paul and the company that this information be shared via a public posting.
Not blaming any one person (except Paul) and not going to go off on an insider trading tangent or selective disclosure rant, but this stuff your sharing is they exact kind of information that should be shared in PRs and 8-ks etc.
All we have is one 8-k with 20+ oz of gold sales over a month ago while supposedly having close to another 100 oz of gold ready to sell at that time as well. Then the company goes dark. And we're supposed to just believe the company in now operating at a profit without an oz of credible information.
How this company thinks it is going to eventually be able to sell itself to credible large investors given the way it shares information and misinformation baffles me.
Whatever happened to this phone call PT was going to do?
Thanks for confirming that Mexus is producing gold! Can you prove they are not mining at a profit? Didn’t think so.
Where are you seeing Mexus owes 5 million in deferred taxes?
Sorry, wasn't meant to counter what you were saying. I was piggybacking on what you said to the original poster. We're in agreement on this one.
Of all the issues facing Mexus, back taxes owed is not one of them.
First, companies don't pay self-employment taxes. The individual pays self-employment taxes.
Second, according to the financials, Mexus only employees one person. That is the CEO. All others are likely independent contractors (also known as self-employed) and would be responsible for paying their own self employment tax.
Paul, as an employee would have half of his payroll taxes paid by Mexus (roughly 6.2% of earnings) Even then, I'm not sure how that would be taxed when he's taken his salary in the form of stock (or if it would be taxable).
Assuming Mexus is responsible for half of PT's payroll tax, that amount would be minimal in the scope of things (less than $100,000).
What back taxes do they owe? The company has lost money every year.
In practice, unless otherwise qualified, that phrase is used when the increase is expected to continue for the foreseeable future.