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Why in the world would anyone buy if they thought an RS was coming? Especially becasue it is clear the R/S isn't for some kind of uplisting purpose, but as an avenue to allow for more dilution.
Thanks for the perspective, Dino. Crappy spot to be in. Hope you are able to salvage soemthing from your shares.
Help me understand why converting these notes is more helpful in avoiding bankruptcy? The cash is already spent. The only way to get more cash is by selling more loans, or selling shares. I don't see how converting your outstanding loan to shares helps cash flow.
Does the long play not seem obvious to anybody else?
Get everyone to convert their debt to shares. This will increase the outstanding number of shares closer to the 5 billion max. Then once everyone has converted, initiate a reverse split. Now you've cancelled out any debt (except probably what Paul and his family is owed as I doubt he'll convert his debt into shares) and outstanding shares are back to below 250 million or less (assuming a 1:20 R/S).
Next, start publicly pumping a new JV in your PRs and repeat the toxic note cycle and dilute the heck out of the number of shares again.
If I held a loan note, I would not convert to shares. As shown above, shares can be devalued via a R/S and additional dilution. It's unlikely you'd see that cash either way, but at least you'd have a claim of something if you keep the note. Once you convert it to shares, you've moved to last in line during collections.
It's complete B.S. If folks have averaged down, there hasn't been any significant spike in share price. When there has been a .0001 or .0002 increase, there hasn't been enough volume to sell any significant amounts. Nobody playing penny stocks has dreams of buying $30.00 of stock so they can sell it for $35.00 a month later.
They are better off sticking with the, "It's not a loss until you sell it" mantra.
"Which indicates he is some sort of genius buying the hell out of Mexus @ .0004, 0005, 0006 to the point where he is winning...just like he did in Vegas. Truly a savant, like Rainman."
Don't forget to have PT plant a gold nugget or two in the tailings for some gullible investor to find.
"Hey maybe we can head up to VC for a tour afterwards too."
"When I don't see progress, I sell what I have and move on"
What progress have you seen with Mexus over the last 12 months?
Inaction is not progress. Just becasue the price hasn't dropped to $0.0001 or they haven't taken out new toxic loans doesn't mean there is progress.
Somebody needs to tell Paul what year it is. He signed and dated the document June 28, 2022.
Mexus 10-k Filing Delayed
Given Mexus hasen't filed the 10-K on time for the last 10+ years it's a pretty safe assumption that this year's report will be delayed too.
Are you trying to say Mexus won't actually file their 10-K on time by EOD Thursday?
Anybody want to give predicitons on if Mexus will file a 10-k? At minimum, if they intend to file, we should be seeing a notificaion of delayed 10-k filing in the next week.
Weren't you saying the same thing when you bought at $0.05 and again at.$0.03?
Absolutely! You better go all in and load the boat. To da MOON!
Mexus is a sure bet! Much safer than gambling in those casinos in Vegas.
I didn't think we could get on the mine site. Isn't there a 24/7 security team on site guarding the gold from the Banditos?
Besides, If you had seen the YouTube vidoes for Wildcat mining you'd know that PT has been in the Alaskan waters and unavailble for tours.
I was kind of hoping in honor of Memorial Day the affinity scammers would shut it down for the weekend, but it unfortunately appears they used the weekend to ramp up the tactic. Such a dissapointing way to dishonor this weekend.
Paul's been teasing JV deals for at least the last 3 years and nothing has come to fruition. It's all fodder to keep gullible gamblers on the hook for more money.
Speaking of gamblers anyone know what ever happened to our engineer friend who doesn't bet on Vegas anymore?
If the JV partner already has properties to become active what would they need Mexus for? The only thing Mexus brings to the table are worthless mining claims. If the JV has other claims to mine, the Mexus ain't got nothing for them. Well... unless the JV is broke and needs Mexus to secretly fund them, then maybe Mexus can help fo a short spell.
I don't believe that to be true, Even if it were, nobody who has already invested has any chance to make back any of their money.
It was in the description about the Mabel Property. I saw it mentioned Nogales and my head jumped to Arizona. Looking closer it mentoins the property is about 50 clicks southwest of Nogales.
I thought they had claims in Nogales. Is that only on the Mexican side of the boarder?
It also mentions claims in Nevada, Arizona, Alaska and Mexico. What a coincidence that Mexus has claims in those 4 locations as well.
Is Wildcat claiming they are a publicly traded company with those claims? Of course not. If someone should get that impression just because Wild Cat mentioned those items in their video it's their own fault for making such a giant leap to that assumption.
Typical Paul Thompson double entendre.
I thought the barge was under PT Jr.'s name. Either way, your point is still valid. The lapse of SOS for multiple years in a row wasn't an accident.
It does make me question the competancy of the auditor. That information is typically requested in the initial roll-out of a standard Audit process.
Last day of Mexus fiscal year. PT needs to cook up something for the 10-k.... That is if they file a 10-k. Got to have money to pay for an auditor and usually need have a state incorporation in good standing. For mere mortals that might be a challenge but for the omnipotent PT such small issues are not a problem.
I imagine Don is doing okay. If I recall correctly in addition to the well/water rights at the mine in Mexico he or his spouse still have partial royalties on to all the cable mexus can salvalge in Alaskan waters. That is, unless, PT has left him all wet.
Of course it still showed as revoled the morning. The check's in the mail.
If Nevada doesn't it get it in the next couple of weeks it's becasue the USPS is so slow or lost the paperwork.
Well, they're still filing so I guess that's something....
Not sure why they are still filing, but my hunch is someone, somewhere is still making money off of this by keeping it alive.
What information would "1st person research" uncover that isn't already known or being shared with investors?
Also, what good would "1st person research" do if that person couldn't bring thier own credible geologist or other mining professionals on site with them? Is PT allowing that kind of research?
Wish I could go there with you, Gene, but we've been done this road with Mexus too many times. I need to see more than a poorly written PR before I start believing in Santa again.
Wait..... what happened to our "partner" IRMEX? It seems to have just dissapeared like every other "next big thing" PT has thrown out to tease the masses.
Can't wait to hear the "Oh but really this time its for real" spin that is about to come our way.
Hate to correct you Bob, but Sir Dude has spoken and his word is absolute.
I will not be swayed by your use of truth and facts.
Nope. Should be uplisting to Nasdaq pretty soon. Afterall, that is why the reverese split was done.
To me the biggest Mexus faux pax I'd use in a legal case was the November 1st, 2021 PR reporting $128,000 in revenue for the month of October, then the subsequent 10-Q for that period showed only $59,889 in gold sales.
No, the true funzie is watching a lead investor's ego absolutely destroy thier personal creditbility (and allegedly thier pocketbook) becasue they are incapable of admitting the basement dwellers were right.
It is truly fascinating that rather than looking out for those other investors he/she may have brought along into this failure of a company and admit this company is finished, Sir Dude continues to serve and drink the Kool-Aid for Mexus. Thus, further destroying any credibility he/she might have for future endeavors.
I only got to the end of the first page of the financial statements when I stopped. This filing appears to be worthless lies.
At the top of of the first page of the financial statements right under the Sept. 30th 2022 date you'll note the designation "(Unaudited)". Nothing in these statements have been verified.
To further establish this 10Q is garbage full of lies, you'll note very little change in the assets on page one of the financials. For a company that has allegedly sold off some equipment, why is nothing reflected on the financial sheets?
As I said earlier, I stopped reading at that point. I'm guessing no auditing company assigned thier name to the filing, making the information in this 10Q completely worthless.
Fair point.
Then why file for the extension?
Based on that filing it would appear Mexus intends to file at least one more 10q.
Not sure why the delay in filing since nothing has happened in the last quarter, but at least they are staying compliant with SEC filing requirements.
According to PT they should be able to get about 10 million for all of their assets. Anything significantly less than that should involve an SEC review into the undisclosed/undocumented sale of assets or false statement about the asset value of a company shouldn't it?