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That's a good bit of info. Thanks Goldbuggy. Hope the security is shored up quickly
I wonder if we will hear 1300 reasons why Mexus is going to 5 cents lol
I sure hope you are right on that second part. Weird even though being from Michigan I have been a Colorado Rockies fan ever since their inaugaration
Sounds good to me Belgie
In case you weren't aware the majority of the holders hold over 50% of the float. The few 100thousand shares a day that have been traded is not indictive of anything. Its either a small time trader or MM just trying to manipulate share price.
The majority of share holders have helped fund getting this mine off the ground directly with private placements. I can with 1000% certainty they are not selling this week because of no PR. Why would they sell when there is pregnant solution sitting in a pond waiting for recovery? The whole point of the placements was to get to this point and now you suggest they are gonna get off the ride before the fun part? I must disagree with your observations
What kind of dumb statement is that? You don't have a clue about the majority of shareholders. Who says there is any delay? Just because it isn't on your timeline? Maybe they already poured. Its up to them if they want to release that info. Patience is needed in mining.
Its on the form if you read it
There is much confusion and rumor regarding “T Trades” in the penny stock market. Nasdaq Pink Sheet stocks often close at a certain price and, within 3-10 minutes after the closing bell, will show a large final trade that gets labeled as an “after hours” trade. Simply put, this is an inaccurate description of that trade.
To understand how this trade works, one must understand the role of the market maker. The most frustrating aspect of investing in the pennies, is market maker manipulation of the stock price. Anyone that claims this manipulation doesn’t happen truly does not understand the OTC Market. Market makers are in place to “control” the price of a stock and, theoretically, to ensure that the market reacts properly to supply and demand for a certain stock. Unfortunately, when large sums of money and a lack of regulation are involved, more often than not, there is manipulation that suits the needs of certain investors or the market makers themselves. After all, they are in business to make money as well. If the average investor is purchasing stocks in the OTC Market, that investor is truly at the mercy of the market makers involved in the purchase and sale of that security.
When researching this article, The response from the SEC defined a “Form T Trade” a “trade reporting form used by broker-dealer members of the Financial Industry Regulatory Authority, Inc. (FINRA) to report equity trades executed either in the OTC market or during extended hours trading. Recent amendments to FINRA rules will expand the types of situations in which Form T is to be used, but they are not yet in effect.” The response also recommended contacting FINRA. Notice the first portion of the response. “either in the OTC Market or…” Once again, it is confirmed by the SEC that ”after hours” trades do not exist in the Pinks.
FINRA was much less transparent in their response and essentially spewed the same limited information regarding T Trades that is available on their website. None of which, accurately reflects why these trades occur in the OTC Markets. (http://www.finra.org/web/groups/industry/@ip/@reg/@notice/documents/notices/p123750.pdf)
Trying to decipher the meaning of these trades with the limited information that is available on the subject led down several dark paths. Clearly, the average investor is not meant to understand the concept or its rules. Even more disconcerting is the second part of the SEC message “Recent amendments to FINRA rules will expand the types of situations in which Form T is to be used, but they are not yet in effect.” That means there is even less transparency about this mysterious T Trade.
After months of due diligence, there are a few poorly publicized uses for a T Trade. The most important factor here is that the only requirement of market makers by FINRA is that they must report all trades in a day. They are not required to do so when the actual trade occurs.
To avoid creating “an unbalanced market”, market makers often do not report certain trades during the day to the public and then use a T Trade not to “scare” investors into thinking a market for that stock is going in one direction or the other at the spurring of one large investor.
If a market maker wants to accumulate a large amount of a stock in one trading day, that market maker may actually not report any of the trades that occurred until the trading day has ended so as not to alert the market to the collection. This practice is completely legal under the FINRA rules of the OTC Markets so long as the trade is reported at the end of the day.
To execute a Market on Close” order, a market maker may have an order to purchase the stock at a certain price at the end of the trading day. This is the most unlikely scenario because it needs to be assured that someone selling the stock and someone buying that stock are agreeing upon a price. Simply put, this is more likely with insider buying and selling.
The T Trade that the public sees is nothing more than one or all of the above scenarios. The T Trade reported at the end of the day can be from one market maker or many involved market makers. It can be a single purchase price but is usually an average of all of the previously unreported purchases from that business day.
Penny stocks are an exciting and lucrative business. As most everyone will tell you, it is not for the weak of heart. There is definite money to be made in the OTC Markets and more penny stock millionaires are made every day. But the best way to win the game is to know the rules!
One additional fact surfaced about market makers while researching T Trades. Did you know that market makers are not required to honor their offer price? That is correct, because the OTC market is essentially a “best offer” market. If a buyer meets the asking price for a security, the market maker can, and often does, decide to rescind the offer, not sell the security and adjust the selling price.
Why go looking for trouble in the first place?
Back in Aug they had security in place
http://mexusgoldus.com/mexus-gives-a-mine-update-discusses-audit-and-releases-info-on-jv-partner/
It most likely has happened, but you have to keep in mind real world situations. They are in Mexico dealing with 100s of thousands of dollars in gold. You don't want to go announcing to often and frequently what you have. That will just make you a target. Think of it this way, they haven't built up all the infrastructure to not pour gold so its happened/happening. Day to day watching can drive you crazy.
Mexus website Upgrade.
http://mexusgoldus.com
Got a nice facelift
You can't read which explains everything about you. His name is BeLgie.
160 boardmarks. I believe that is a new high for Mexus. Keep on ticking gonna be alot more after next week minus 3
Read front page of their website.
Its on the website so they wouldnt be telling you something special. Anything else they would either say yes orno to your request. I dont care about your situation really. Im making a ton of money listening to really smart people.
Bro its on the website production in March. My calendar says this whole week is March. Last week started flowing. Pretty easy dots. Have you ever emailed or called yet?
Lets get a steady move up leading to that pour this week. Gold keeps helping us pay off that startup costs even quicker
Gold is streaking again. Looking awesome for Mexus in the coming weeks.
Not really. It is pretty unknown still judging by the volume lately.
It would be great to knock out this wall at .13 thats been up
I doubt it. That was day trader/momo fueled which is why it came back to these levels. Once we pour and news gets disseminated to the proper channels we will start rising.
but but but but you can't produce gold without a feasibility study. It says so in the bankers handbook.
Mexus Gold is a disruptor to the old mining playbook. Cash me outside!!!!
Oh it is for sure. I sent an email to Marco last week and he took time to answer me. It was just a welcome to the family email i sent. We got the real deal for a JV partner.
You need to stop dwelling on the past. I think you said you bought at 10 cents so you are still green. Look towards the future or sell out at a profit now. Complaining on a message board about a portfolio is sad.
Making sure all the lines worked under pressure before using cyanide.
This is the greatest day in Mexus history so far. This is the start of 20 years of production. All the hard work Paul has laid out the last 7 years has finally paid off. MarMar thank you for coming at the point in time that you did. This is a huge milestone. We just achieved what few exploration companies ever are able to do.
Probably a MM trying to trigger some stop losses knowing what's coming
Such is life. Best laid plans can get sidetracked. Still making forward progression.
You were correct in your timeframe assessment
PT and MarMar just moving down the checklist with amazing speed.
Again since it didn't register the first time. It's the same as when someone leases their fields to a farmer and they get a percentage of the sale of crops.
Mexus has the land with gold in it and MarMar has the equipment and labor to pull it out. Win win.
So no your 35k investment is so inaccurately wrong its laughable
25-30million is Mexus take no need to divide
Right on guys.
The table has been set. A few more chairs left because the first course. Kobi steaks for the main entree
I am thinking just the fact of going from explorer to producing gold will be a catalyst in of itself. Factor in that Mexus is not on anyones radar yet I think we can move back to the .25 range in next 2 months
Gotcha. You have to realize basically the only people watching the stock at the moment are us investors. Once gold starts flowing you will see us coming up in talks and seminars etc...
I would expect it to be gradual increase as equipment is put in place to get to that number and pads built. Don't quote me though
Eddy do you follow the prs? I only ask because you make the comment someone might know something. We all know something. The leach process will start next week and gold pour late march early April. It's pretty black and white
I am pretty sure everyone is sitting idle holding their breath to hear the leach started this week.
There are seeiously only 2 people in this entire world that care about these form 4s. Nobody else cares about the small amount of shares Paul T has sold.
Well we didn't pay them so you can rest your worries