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“When their investigators see evidence that one of the individuals or companies that they regulate isn't following the law, they begin an investigation. “
Then why would you need fike a second complaint?
Amen!
“WHY is our stock price down 45% in one day ??? “
I think some got scared of the threat
Good to see some activity again from the company.
I love how they have added the bold fonts in the letter. It makes it very easy to see where they are making a point.
Time to start drinking coffee then
Who says?
I don't see it happening too. I just pointed out the post that started the topic, like you asked. No smoking gun, just an opinion starting to live it's own life.
“Where is this reverse split talk coming from?”
The usual BS chatter https://investorshub.advfn.com/boards/read_msg.aspx?message_id=146723885
Yep, but that doesn’t make it normal that it suddenly traded again (at the time I posted it)
“The Santa Elena drilling program has ceased”
Nope, Fake news: “the 1st phase of drilling” has ended, that doesn’t mean the program has ceased.
Mexus Gold US (OTCQB: MXSG) (“Mexus” or the “Company) today announced that the 1st phase of drilling is now complete at its Santa Elena mine. The company is awaiting assay results which will be plotted and produce a 3D Model used for interpretation. The final results are expected in February 2019. The company has received results for holes 6 thru 9 which aimed to intercept the Julio vein at depths between 60 to 100 meters. The Julio structure is consistent at depth with mineralized widths of 2 to 5 meters. All quartz vein intercepts had gold and silver noticeable with .1 to .3 g/t Au as the tracing values and 2 to 10 g/t Au as the high values. Hole 7 is the best evidence of high-grade gold at 9.89 g/t Au with an attractive width of 5.3 meters and an overall average of 3.12 g/t Au.
Hole Intercept (M) Au (g/t) Ag (g/t)
1 1 .19 .75
2 1 6.28 21.3
3 1 .27 .38
4 3 .7 .5
5 2 .79 5
6 1 .31 .5
7 5.3 3.12 9
8 1.5 .22 .5
9 .5 .1 .5
Average 1.8 1.3 4.3
The resulting Julio quartz vein section drilled contained a slope distance of 180 meters with an average width of 1.8 meters and a strike distance of 275 meters accumulating approximately 180,000 tons with average grades of 1.3 g/t Au and 4.3 g/t Ag. This includes all quartz material without being selective. Approximately 7500 oz. of gold are contained in this section of the Julio quartz vein and about 25,000 oz of silver. Another 200 meters of this quartz vein is minable to the north and about 800 meters to the south of the studied area. Selective mining can be directed based on sampling production drilling used for blasting. The apparent shear zone associated with the Julio vein seems to be a post-mineral event and is parallel to the quartz vein using the structure as a brittle thrust plane. The Julio offset structure was intercepted on hole 1 near the surface with .2 g/t Au and traces of silver making it a viable target for further exploration. All surface sampling data will be processed together with drilling data to identify the best production areas of the structures and understand structural geology of low angle shear zones. Exploration will now continue to accumulate tonnage from new shear zones and quartz vein systems to the south and will include production drilling and surface sampling.
The first stage drilling results gives Mexus the tonnage and values needed to proceed with a mining plan that includes stage 2 drilling. The company plans to build upon its resources from stage 1 by commencing a 12,000 ton per month quartz vein production. Mexus expects the 12,000 ton per month production to produce 500 plus ounces of gold and 1,600 ounces of silver. This small but significant production will fund stage 2 drilling along with advancing Mexus’ other goals.
Mexus will begin preparing the heap leach in the near term. The plan is to remove material from the front of the pad and replace it with fresh ore. This new ore will be carefully controlled to keep the highest grades possible on the pad. Mexus CEO Paul Thompson added “The goal is to start with a small production and build out as additional drilling results become available. Mexus now has a group of financial experts who will assist the company in achieving its goals.”
About Mexus Gold US
Mexus Gold US is an American based mining company with holdings in Mexico. The fully owned Santa Elena mine is located 54km NW of Caborca, Mexico. Mexus also owns rights to the Ures property located 80km N of Hermosillo, Mexico. This property contains 6900 acres and has both gold and copper on the property. Founded in 2009, Mexus Gold US is committed to protecting the environment, mine safety and employing members of the communities in which it operates.
For more information on Mexus Gold US, visit www.mexusgoldus.com. 775-722-6171
Cautionary Statement
Forward looking Statement: Statements in this press release may constitute forward-looking statements and are subject to numerous risks and uncertainties, including the failure to complete successfully the development of new or enhanced products, the Company’s future capital needs, the lack of market demand for any new or enhanced products the Company may develop, any actions by the Company’s partners that may be adverse to the Company, the success of competitive products, other economic factors affecting the Company and its markets, seasonal changes, and other risks detailed from time to time in the Company’s filings with the Securities and Exchange Commission. The actual results may differ materially from those contained in this press release. The Company disclaims any obligation to update any statements in this press release.
Pure fake news! “No legitimate operations” are you saying they don’t have the Santa Elena mine, and that they aren’t working at that place? Please share your proof!
Nothing special, somebody just wanted to dump their shares at all cost and found somebody who was willing to pay 0.000001 for a share.
There isn't much trading going on here, especially now they are at the grey market. Sometimes somebody gets lucky and gets paid 0.0001 or just a little less, and sometimes somebody just dumps the shares.
“The headline is a factual standalone statement. We, the Greenshift Corporation, are not providing 10-Ks, 10-Qs, or 8-Ks to the U.S. Securities and Exchange Commission, as required by Federal Law.”
No, it isn’t “We, the Greenshift Corporation, are”
This information is provided by the sec, not by the company
And these are the signs I was refering to in case you still didn’t get it:
There is nothing in the interview that justifies this viewpoint:
“For a guy who is supposedly not legally able to be drumming up investors, it sure sounded like that's what he was doing”
If it is the source I think it is, I don’t see it as a source good enough for somebody who normally expects to see countersigned contracts.
And I also cannot put it in context if the why, when and where it is said missing.
“Again, he's just out finding investors.....out of the goodness of his heart? “ please proof he is employing activities that are only allowed for registered brokers and finders.
“It appears that Baclet is receiving an 8% commission for finding investment money, why would Berk and all the other finders not have similar arrangements?”
Please share your proof and the source. Or is it just based on information you’ve heard from sombody you normally never believe?
That's was what I was saying, he didn't say anything that wasn't allowed.
So what T-Hawk said:
What did mr. Berk say in his interview that wasn't allowed?
This is getting boring. Drumming up investors can be saying anything like "this is a great stock, I think people should consider buying it"
Is that illegal?
NO!
Is it illegal when I get paid for saying things like that?
NO!
Because he is not telling them to buy the shares directly from the company, with him as a middle man bringing them in, and getting a fee for each person he brings in. Based on such an advise you could go to your local broker and get your Mexus shares there. And would he earn anything by that?
NO!
Because they would never know you bought is on his advice, you didn't buy it from the company but from another seller, and Mezus gets no money for it, but the person who sold it to you and Berk isn't getting anything from that.
I don't know what you are replying to, but my reply was to your quote
It doesnt me a finder if I would say people should buy this stock.
For that I would have to earn money for every stock I sell to buyers I bring on in person. People would have to know I brought these shareholders in. Just saying “buy this stock” in general isn’t enough. How would somebody know if I brought them in, or if they came in on their own. Also they have to be shares the company is selling to them. The company would never pay finders fee if I convinced you to buy shares from someone anonymous on a broker platform. Because the company isn’t earning anything by it.
So in order to make it finders fee, it would have to be related to the money the company gets for selling new shares to somebody a finder brought in.
It isn’t that hard to understand.
FYI it is not allowed to respond to criticism, if the criticism is off topic. So even if I want to, I’m not allowed to do so. For more information I refer you to the ihub handbook: http://ihwiki.advfn.com/index.php?title=Handbook
Harry, I'm replying to answer your question on this post, because the other one isn't there anymore.
Guesses guesses guesses, nothing educated about that.
If you need to file at the sec, and if the sec can make sure there is a stop, delinquent sec reporting sign at your companies name, it will not be hard to use that info for further action
And saying they might not have the authority to go after a company without complaint goes against the quote you shared:
“Quote:
The Securities Exchange Act of 1934 (Exchange Act) gives the SEC the authority to suspend trading in and/or revoke the registration of companies that fail to submit disclosure documents (periodic reports), submit deficient periodic reports, or fail to submit periodic reports in a timely manner.”
And about bitzio maybe had an earlier complaint. How long would it take if it’s such a clear cut case?
And it couldn’t been much earlier, since it hasn’t been that they have stopped filing.
Anything else?
“The SEC can suspend trading in GERS stock if it wants to. It has the authority to do so under the terms of this law”
Yes, that certainly doesn’t exclude that they may act differently and my have contacted gers and have come to an understanding.
"but I know it has begun because I filed a complaint with accurate facts and figures many months ago."
Let's assume for a moment that the investigation did start. We almost got a full circle now. It could mean they have talked to GERS and they are satisfied with what GERS has promised. Again, it isn't a three strikes out, automated process. The outcome differs from case to case.
Now there is a possibility that outcome of the investigation is that there in no action taken until some date or moment they have agreed on.
If that's so, filing another complaint might lead to the same conclusion. Even if it is a new deadline they've crossed. Because they might have talked about it to the sec at the time they've missed their filing.
Also, why would the sec need the filing of a complaint to get to this action if they know very well which companies are over time?
So I think:
We can cross off that the system is automated.
We can cross off the idea that you can't file more often the same complaint or ask somebody else to do so.
We can cross off the idea that every company filing late will face the same consequence
We can cross off that an auto reply is the same thing as getting a note about the status and what will happen next and how soon with your complaint
We can cross off that as a Dutchman I don't understand the system
And we can cross off that you will get to know for sure what happens with your complaint, because the SEC doesn't give any information about the status off the complaint to anybody.
“I don't think you understand what I wrote. Just because someone fills in an SEC Complaint form and clicks the submit button doesn't mean that the SEC is going to do a full investigation.”
Finally we can agree on something. If you tried to explain that to me, you probably didn’t understand all the posts I’ve made on this topic until now. And even with a form filled in in the right way, it doesn’t mean a thing.
You’ve been the one saying they can’t file a complaint, and that you can’t file it more then once so far. So you and your neighbors can. It’s just the question what do with the filings.
If we now can agree that the system isn’t automated and all depending on what the people working at the sec do with it, we’re finally on the same page.
“Because they don't care about patent disputes, they won't adjust any of their enforcement policies if a court makes a ruling on a procedural matter like an extension of time to file a reply.”
How do you know, if you have no insight on any of the correspondention and possible hearings between GERS and the SEC?