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In the coming gold stock mania anything with "gold" in the name is a gold stock.
Get ready for pump 2.0 as it is imminent. And if Mexus starts producing enough gold to pay for expenses, there will be severe corrections on the way up and less of the dump as compared to the 2016 pump.
Your narrative on Mexus doesn't explain how it was the best performing gold stock in the world in 2016, as it went from 5 cents to $3 (divide by 20 for pre-split prices).
What you say doesn't change the fact that many sophisticated investors and mining companies look at Bnamericas articles for potential leads. It would be a starting point for further investigation. Clearly many people bought on the news and did their research later. Some people out there will have access to sources of info that you and I don't. For example several companies and geologists have visited the Santa Elena and Maybel properties and have formed opinions on them and this info is out there for those with the contacts. I am sure bnamericas has many many contacts and you have no idea whether or not they reached out to any contacts. But to follow up on your contacts you have to first have heard about Mexus. So there is value in getting your name out there on many platforms. No one has any idea what that could lead to. For a start it caused a one day 3-4X jump in the share price on a record 70 million shares volume which is 25% of the total shares outstanding and it was on the first trading day of the year when many investors are looking for new ideas to adjust their portfolio. That alone would cause Mexus to show up on a lot of investors screens and some of them may start looking into the company and others may put it on their watch list of mining companies. As a long term mining investor that is what I do to find undervalued new prospective investments before they become more widely known and overvalued. With high inflation that is no long transitory many investors are scouring for undervalued mining companies as a hedge against inflation. At $2 million market cap only a small amount of new investors would be needed to create significant movement in the share price. Their choice is to get in now with all the uncertainties or wait some more time for doubts to clear up and pay $10 million market cap.
While PR's are used as source material for articles, it would be misleading to say that bnamericas adds nothing of their own. Bnamericas content is by paid subscription and there is no way they would get any subscribers if all they do is pass on info from company PR's without any screening or filtering of their own. Bnamericas would not pass on info from PR's without some minimal amount of vetting in order to exclude known scams or mining companies with moose pasture properties of no merit. They would have checked that Mexus only has an OTC listing and is a sub penny stock with only $2 million market cap and would not just blindly have included it an article along with other companies who all have an exchange listing along with much much larger market caps. In fact their inclination would be to avoid mentioning a sub penny / $2 million market cap company with only an OTC listing. Yet Mexus was included in the below article when it would have been more prudent to not mention it, why ? Could it be that their subscribers are looking for valuable leads on potential JV's/acquistions or early stage investments of potential merit before the crowd discovers them ?
https://www.bnamericas.com/en/features/mining-projects-up-for-grabs-in-mexico
The below article in bnamericas is probably what sparked the frenzied speculative buying (probably from algos initially) on jan 4. Simple math showed that the $200,000 per month revenue projection for "as soon as January" would result in yearly revenues exceeding the market cap. The Mexus detractors need to up their game and explain to bnamericas why the giant gold deposit on the Herradura mine next door doesn't extend onto Mexus' Santa Elena property:
Mexus Gold seeks partners at Mexico assets
Bnamericas
Published: Tuesday, January 04, 2022
Gold
Exploration / Drilling
Mexus Gold seeks partners at Mexico assets
Mexus Gold US is seeking to advance its Mexican mining projects through new partnerships.
The company signed a letter of intent with Mexican firm Irmex Mining to advance its Mabel project in northern Mexico, it said in a release.
“We’ve been in discussions with Irmex for quite some time and are thrilled that they are now involved to move the Mabel property forward,” Mexus CEO Paul Thompson said.
The deal will include a cash payment, the amount of which was not disclosed, and a 10% net profit interest.
Mabel consists of eight concessions covering 1,459ha.
The deal will enable Mexus to shift efforts to finding a joint venture partner for its Santa Elena operation.
“The signing of an agreement for the Mabel property allows us to turn our focus to finding the right JV partner for the Santa Elena project and to confirm what is believed to be a potential 1Moz-plus gold resource,” Thompson added.
Mexus said last year it expects revenues from the Santa Elena mine to increase to US$200,000 per month in January, following improvements to the heap leach pad.
Nice catch Miz Ellie. Looks like bnamericas hasn't noticed yet that Mexus is a scam, may be the detractors who post here can spare some time from the important work they do here to to educate them:
Mining projects up for grabs in Mexico
Bnamericas
Published: Monday, January 17, 2022
Mining projects up for grabs in Mexico
Mining companies are seeking to sell a string of Mexican projects, offering growth opportunities for potential buyers in a strong metals price environment.
Owners are evaluating full sales or partnerships to advance assets, some of which have been held back due to a focus on other mines or projects, or prior market conditions.
Gold passed the US$2,000/oz mark for the first time in 2H20 and is currently trading at around US$1,800/oz, up from US$1,100-1,500/oz in most of 2013-19, with silver also gaining ground over the last 18 months, although analysts are divided over the outlook for the precious metals.
Copper has also risen above US$4/lb, compared with US$2-3/lb for most of 2017-19, with demand seen rising in the global decarbonization drive.
SILVER DEALS
The proposed divestments – of primary silver, gold and copper projects – follow at least two major deals struck for large silver assets in recent months.
Endeavour Silver announced plans to buy SSR Mining’s Pitarrilla project (in picture) for US$70mn earlier in January.
Pitarrilla was one of the largest projects suspended in Mexico amid falling precious metals prices in 2014.
Endeavour said the deal, expected to close in H1, will accelerate its plans to become a senior silver producer, with an historical estimate showing 525Moz silver in measured and indicated resources.
As well as SSR’s willingness to part with Pitarrilla, reported by BNamericas last month, the agreement shows continued appetite among buyers.
Endeavour acquired the Bruner gold project in Nevada in September, and also has the Terronera and Parral projects in Mexico, as well as two producing assets.
“Obviously you don’t want to build too much of a pipeline and create capacity issues, but if we can add something that adds cash flow, of course we would continue to look,” CEO Dan Dickson said in a call to discuss the Pitarrilla deal.
Another deal expected to conclude shortly involving a large, previously suspended silver project is Avino Silver & Gold's acquisition of the La Preciosa project from Coeur Mining.
Avino aims to overcome weak economics by integrating the asset into its nearby Avino operations, generating synergies.
The company filed a resource estimate for La Preciosa in December showing 113Moz silver equivalent in the indicated category and 24Moz in inferred resources.
Under the deal, Avino will pay US$34.7mn and contingent payments of up to US$58.8mn.
Another major silver asset for which offers may be considered is Discovery Silver's US$368mn Cordero asset, one of the world’s largest undeveloped silver deposits.
“We are fairly agnostic on the exit point,” CEO Taj Singh told BNamericas recently. “If some offer comes in along the way we would obviously have to consider it.”
SEEKING NEW OWNERS
Among the Mexican projects open for offers, the biggest is Teck Resources' US$842mn San Nicolás property.
The company is in talks with potential partners to take the primary copper asset forward, in a deal which would allow Teck to focus on its Quebrada Blanca phase 2 (QB2) and QB3 copper expansions in Chile.
“We’ve been having detailed discussions with a number of parties and we’re getting closer to making a final choice there,” CEO Don Lindsay said in November.
On a smaller scale, McEwen Mining has confirmed it is continuing to consider options for its US$42mn Fénix project, which aims to extend the life of its El Gallo asset in Sinaloa state.
“We’re trying to find ways to advance that project, whether it’s internally or a partner or with some other strategic alternatives such as a sale,” COO Peter Mah told a call in November.
Mexus Gold US is also seeking to advance its Mexican mining projects through new partnerships.
The company signed a letter of intent with Mexican firm Irmex Mining to advance its Mabel project earlier in January, and plans to secure a joint venture partner for its Santa Elena asset.
Argonaut Gold has also been seeking to sell its Ana Paula gold project in Guerrero state after a previous deal fell through.
A sale could be a higher priority for the company in 2022 due to a funding shortfall for its Magino gold project in Canada, after cost overruns were identified in December.
“We are conducting an immediate review of both financing and strategic alternatives,” VP corporate development and investor relations Dan Symons said in a release.
Sierra Metals, with the Cusi and Bolivar mines in Mexico, is also considering possible asset sales following a strategic review, while Azure Minerals has announced plans to sell all Mexican projects, which include the Alacrán and Sara Alicia primary gold assets, the Oposura zinc-lead asset and Promontorio, a copper-gold-silver property.
First Majestic Silver has previously indicated plans to sell its suspended Mexican silver assets, which include La Parrilla, San Martín and La Guitarra.
Pan American Silver has said it plans to offload some smaller assets, including the La Bolsa project in Mexico.
This post by highlandernew from earlier today has the breakdown between restricted and unrestricted shares:
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=166468971
It shows: 112 million restricted and 138 million unrestricted. Don't know the source but it looks about right.
@marrcoooo Versus DD Package for Newbies (from CEO site)
As Versus Systems (VS & VSSYW) rises in price, more and more people are beginning to realize just how disruptive their technology is, this is a small sampling of some research to help those just starting out in their VS DD.
Versus Nasdaq imposed mandatory quiet period ends February 16, 2021.
Some reasons why VS will be successful in 2021:
Versus Systems Advertising is form of behavior modification. Versus Systems (VS: CSE) is a disruptive form of advertising. Or maybe, more correctly, an alternative to advertising in order to disrupt human behavior (i.e., get traffic into your brick and mortar store or onto your website). It’s a stark alternative and a direct competitor to the imbedded ads you see on YouTube and other streaming services.
They are a software company that imbeds a rewards program into third party gaming platforms. They have dozens of patents and patents pending since they’ve been working on this project for 4 years or so now. They have significant revenue but are not in the black yet. I was invited by a friend to listen in on a conference call with some of VS’s management and directors. This included Matt Pierce (CEO), Keyvan Peymani ((Executive Chairman and ex- of Amazon, Disney, Warner, Netflix, and Salem Partners) and Brian Tingle (Director and ex- of Ryland Oil and Rainy River).
As gamers achieve milestones (e.g., hours played in a day or week, achieving higher levels within the game or winning an online session), they earn reward points that are stored in their mobile devices or computers. These points are redeemed for coupons for items or cash cards from local retailers that demographically targeted to the gamers that are redeeming points. The premise is, and research backs it, that users of streaming services, online games, etc. are highly more likely to go to an advertisers website or store when they earn redeemable rewards points than they are when they are forced to watch a quick ad they don’t want to view.
Some examples are: · Rewards points from a Daytona 500 racing game are redeemed for merchandise or gift cards at Bass Pro Shops (specifically valid within 15 km of the winner). · Reward points earners of a game with demographics having males 20-30 were redeemable for a free cheese stick White Castle Restaurants (US burger restaurant) for a free cheese stick. Prizes were provided free by the restaurant. Cheese sticks are ridiculously cheap to make but redeemers of the targeted prize were easily upsold to add a burger and a coke. White Castle noted a ~35% redemption rate of the rewards vouchers vs less than a half of 1% to mail delivered generally-targeted coupons (old school and expensive but not effective). This costs White Castle a cheese doodle and 50 cents for each redemption for the promo. 50 cents for each redemption goes to VS and the gaming company. Split 2/3 to VS and 1/3 to the gaming company.
Another online gaming platform offered VS-based reward points for $50 gift card redemption at stores of a pet supply chain. VS fee for the redemption of a $50 gift card was $7.50. Again, split 2/3 to VS and 1/3 to the gaming platform. Reward point redemption fees are split with the gaming platform or other types of third party entertainment providers based on who generates the lead to the prize. In the above cases, it was VS.
A split the other way is their recently-released deal with HP and HP’s Omen systems. Redemption for HP stuff will be weighted to HP. They are broadening their scope to live events. For example: Instead of one fan playing for the free pizza during a game break when the 3 pizza boxes are scrambled on the Jumbotron and one selected fan tries to pick which box has the pizza for a $50 or $100 gift card from the pizza shop. All fans with the Habs team app (lets use the Habs as an example) can play along at Bell Centre through that Habs app. All mobile users who used the app to correctly guess which box has the pizza will receive a redemption code sent right to their mobile devices. It’ll likely be for a free small menu item or some type of discount. Sports fans are a good target for a post game pizza or pizza any day for that matter.
The split on restaurant chain’s redemption costs would be 2/3 to VS and 12/3 to the Habs club. Unless, the sports club already has an advertising deal with that restaurant chain. The club will get the larger portion of the split which is fine since they did already the work marketing-wise. Or if you have the TSN, ESPN or Sportsnet Apps, you can follow along on live TV and answer trivia or answer predictive questions (Who will score the first power play goal? Which second line will outscore the other second line?) for rewards points that are targeted for the demographics watching sports. Same for the Emmy’s, Grammy’s, Oscars,
Look at their management and Board of Directors https://www.versussystems.com/about-index/#board
@Yqr - January 26, 2021 conference call with management. While no revenue data has been announced by HP for the Omen platform, they are very happy with it and say that it is going very well and revenues are accelerating. VS believes that with what they have coming in other contracts, HP revenues will be less than 10% of their total revenues by the end of 2021. That total revenue could possibly be $40 to 50 Million in 2021. Their initial China marketing data looks very good and they are hoping for an extensive update within a few months.
On pages 8 & 9 and then also repeated on page 42 of the 170 page, January 19, 2021 SEC document, it reads: At the same time, we are also working to make our tools easier for prizing partners to use - including building functionality for businesses that use e-commerce platforms such as the Shopify platform.January 27, 2021 Shopify
Shopify Has Yet to Tap Its Massive Addressable Market https://www.nasdaq.com/articles/shopify-has-yet-to-tap-its-massive-addressable-market-2021-01-27
It also states: The current engineering roadmap includes additional support for the tens of millions of console gaming systems like the new Xbox and PlayStation consoles.
https://www.shortablestocks.com/?VS No shares available for shorting
.
According to Ehsan, the man who put many of us in front of VS and has incredible abilities at picking successful companies through careful and extensive due diligence including meetings with management and also makes himself available to shareholders questions, advises the following:
“VS's leadership team is hands down one of the best of any company in Canada or the US.”
“There is an opportunity for Major League sports teams to increase their advertisement revenues by engaging VS/Sparx partnership. From a marketing perspective, this will also serve to get many many more eyes on VS.”
“I can tell you about what I have control over which is the fact that I will be busting my ass off working with them to ensure to increase their deals and revenues over the next year.”
“I think their revenue is going to significantly increase by the virtue of being rolled out on more HP products and Sparx deal is actually a decent deal. I do think they will for sure be more deals! I’d be interested to see how much attention they get over the next few months from tech specific funds in the us by the virtue of being listed on Nasdaq.”
“I am intimately aware of the company's tech and speak to the CEO regularly. What I like? Their tech is as good as it gets when it comes to promotion/reward base tech. It is applicable to be used on many many different platforms. For example if you look at a company like Trade Desk. Trading at 43 billion market cap. They have been around for a long time and have $0.5B revenues however my unbiased opinion is that Versus's tech is more comprehensive than theirs. This is by no means me saying Versus is going to be $43B markets cap in the immediate future. However it demonstrates a decent understanding of value of tech in this sector. The board is probably the smartest I’ve dealt with. Keyvan Peymani is an absolute rock star. He was basically the CMO of amazon AWS during its early days. If you need more in-depth analysis of their tech I would be happy to provide it.”
Dec 10, 2020 “I know there is a lot of work being done in the background on the project. The potential remains to be massive. Being a new concept it will take a bit of time to set up the foundation of it. I guess in summary there is a lot of foundational work being done and I really hope we begin to see the tangible gains Q1 of 2021.”
January 26, 2021 - Rewarded Video is the way of the future for advertising
https://venturebeat.com/2021/01/26/why-rewarded-video-is-overtaking-iap-for-mobile-developers/
Versus Systems Investor Presentation Deck December 2020
https://d1io3yog0oux5.cloudfront.net/_9ccc2cf05546967fcb029ca1986b2d23/versussystems/db/1087/9654/pdf/Versus+Investor+Deck+12.11.2020.pdf
Notable recent events: Wasatch Global takes entire Public Offering for $11 Million (IPO Closed Jan 21, 2021)
https://ir.versussystems.com/news-events/press-releases/detail/117/versus-systems-inc-announces-closing-of-11-0-million
About Wasatch Global Investors: Wasatch had $32.3 billion in assets under management as of December 31, 2020 https://wasatchglobal.com/
Getting attention from the Redditors:
https://www.reddit.com/r/StockMarket/comments/ldb25p/versus_vs_goes_to_the_super_bowl_with_kill_cliff/
VERSUS SYSTEMS VIDEOS:
December 17, 2020 How to create a VS Rewards campaign
https://www.youtube.com/watch?v=-C8bElZkCXE+
November 6, 2020 Versus Systems (VS.C) scores big with proprietary gamified promotions engine
https://www.youtube.com/watch?v=ypcz1esa7BY&ab_channel=EQUITY.GURU+
August 3, 2020 With Versus Systems, you can win real rewards just for completing simple actions inside any app, game or content platform. Developers see higher app retention, advertisers experience higher conversion and brand recall and players experience more fun from the apps they already love.
https://www.youtube.com/watch?v=Q2Tny-PtGxs+
July 17, 2020 VS. A platform that allows gamers to win real world prizes.
https://www.youtube.com/watch?v=yWPuWA8SmSU+
July 13, 2020 - Versus Systems, A Symbiotic Commerce Arcade Changing The Gaming Industry
https://www.youtube.com/watch?v=e-t6vAmLoX8+
June 30, 2020 Versus Systems feels the power of partnerships can lead them into the future of revenue growth
https://www.youtube.com/watch?v=RTLnLmniFIQ+
June 4, 2020- CEO Mathew Pierce Versus Systems looking for venue growth through partnerships in the U.S. and Asia https://www.youtube.com/watch?v=lVsQ_EZdhZs&t=95s+
June 12, 2020 This week on TGSR: Jeremy Szafron speaks with Keyvan Peymani, a veteran in the tech space, about Versus Systems (CSE: VS) Versus is creating a paradigm shift in the advertising space, gaining the attraction of large companies like their latest partner, Hewlett Packard. (VS issued news about HP on 05/28/2020) Keyvan speaks about his past career with Amazon, Netflix and many other game-changing companies- experience that gives him a huge advantage in the space. Yat Siu of Animoca also joins us from Hong Kong via Zoom to talk about their partnership in the largest gaming market in the world.
https://www.youtube.com/watch?v=O6QdGzLklkU&t=52s+
March 20, 2020 - Investor Relations - Versus Systems PR
https://www.youtube.com/watch?v=FWxW9zvqVk8+
December 16, 2019 OMEN Rewards powered by Versus Systems
https://www.youtube.com/watch?v=8HfNt8mG_pE+
December 10, 2019 - Versus Systems sign deal to use technology in HP computers
https://www.youtube.com/watch?v=J-gl_5WmsKI+
July 5, 2019 https://www.youtube.com/watch?v=7mqMb5eqEGQ+
July 5, 2019 https://www.youtube.com/watch?v=PfXsPlP1Bis+
October 9, 2018 - Versus Systems Employee Reviews - Q3 2018
https://www.youtube.com/watch?v=t339V3PZ-68+
October 7, 2018 – VS in Minecraft
https://www.youtube.com/watch?v=K7BbVzfU4_c+
September 9, 2018 Versus System in League of Legends Moovly
https://www.youtube.com/watch?v=A44kWzCxZ2A+
10
Share
5 Feb 2021, 10:33
Reddit has removed the VS information link post
Whether this RS is good or bad depends on whether further share dilution has ended or not. If it has ended then its good, if not its bad. At this time only PT knows the answer to this question for sure. For the rest of us only time will tell whether the recently announced good news is real, substantial, and will translate into cash flows that cover all expenses on a sustainable basis. My preference would have been for Mexus to wait for proven cash flows before doing the RS.
Yes it is dilution. But it is only devaluing the shares if the money raised from the dilution is not being reinvested prudently in progressing the business forward. To me it seems the recent equipment purchases, Ball Mill induction, heap leach pad upgrades, etc. are all money well spent.
MXSG If the share price correction bottoms out around here, it will have been a perfect retest of the breakout over the 200 dma which is now at 42 cents. Share price has also held over the 50 dma which is at 45 cents.
So far I would term this a healthy correction if it holds over the 42-45 cents level.
We have a so called "golden cross". 50 dma has crossed over 200 dma for the first time in a year or so. Unlike the last 2 crosses, it looks to be long lasting this time.
I think we may need to consolidate todays large jump for a few days before we can get another big move.
No need to pump I think, as a 40% move in one day should attract a lot of eyes onto Mexus.
Sorry, here is the correct link:
If E.B Tucker's prediction of $2500 gold price by year end is hit, wonder what that will mean for Mexus share price ? I would think at least 2.500 cents@$2500!
Actually the 2.5 cents/sh price target was just a wishful thinking guess. But when I do the actual calculations I come up with a higher price target of 4.5 cents!
Assumption sustained production of 150 oz per month at $500/oz cash cost:
1800 oz/yr * (2500 - 500) = $3.6 million net cash flow/yr
Since this will be a fast growing gold producer in one of the hottest market sectors, it deserves a 25x multiple to net cash flow:
3,600,000 * 25/2,000,000,000 = 4.5 cents
MXSG Beautiful setup leading up to the PR that is expected on Monday:
-gold closed at an all time high on a daily, weekly and monthly basis just shy of the psychologically important $2000 level.
-Mexus TA looks really good. It is consolidating nicely here above the 200 DMA 0.0045 level and below the resistance at 0.005.
-A breakout of the gold price above $2000 next week coinciding with a positive PR should result in Mexus share price breaking above 0.005 and heading for the next resistance level at .01. If the stars align which they look to be, Mexus share price could hit 0.01 price as early as some time next week.
All companies including large companies with enormous revenues have ongoing financing needs, and so does Mexus. Nothing unusual there, time to move on to the next concern.
There was no begging of money. Just raising of some minor amounts of money to finance immediate cash needs. Unlike larger companies Mexus cannot borrow money and can only raise funds thru issuing equity.
There will not be a R/S under the current circumstances.
If there is no uplisting, why would there be any need for a R/S ?
I wonder why $MXSG was the best performing gold stock in 2016 ? Must be all those clueless speculators not realizing it was a high cost producer with $5000 costs. What happens though when costs gets reduced to under $500, will we get a share price rally that is even more spectacular then the 2016 move from .002 to 15 cents ? All it would take is to increase production so that the fixed costs get spread over a large number of ounces. Not sure what the magic production threshold would be, my guess is north of 10 oz/day.
Thanks for that link. Had heard these rumors but didn't know that they were true until you provided the proof. NITE.
Happy 4th to you also, Belgie. Yes it would have been nice to get to know you and other fellow shareholders better at the Mexus get together. That is one thing that I felt was missing and that I hope can be improved upon when planning the next get together, although that 3 hour meeting in itself made the whole 3 day trip worthwhile for me. But one can glean additional insights purely thru interacting with fellow shareholders. Cheers,
Actually tomorrow starts to nite. May 18th comes later to nite in a mere 3 hours and is when ALL businesses can reopen in Sonora. And mining is a business even for the hobby miner we all know and love.
Nite Nite but don't oversleep or you will miss the grand resumption of mining.
Mexico reopening all mining tomorrow from china virus shutdowns
I suspect Mexus will be free to release a PR on or after May 18th when all restricts on mining in Mexico are lifted:
https://www.washingtonpost.com/world/the_americas/mexico-to-start-reopening-border-region-other-areas-as-coronavirus-lockdown-eases/2020/05/13/3d27f93a-951d-11ea-87a3-22d324235636_story.html
>>
Mexico to start reopening border region, other areas as coronavirus lockdown eases
By Mary Beth Sheridan May 13, 2020 at 2:10 p.m. PDT
MEXICO CITY — Mexico's government says it will lift a quarantine for hundreds of counties starting May 18 and will begin to gradually reopen the rest of the nation on June 1 as it seeks to emerge from the coronavirus epidemic.
The country has been on a nationwide lockdown for more than seven weeks, and businesses are eager to reopen. Analysts are predicting that the economy could shrink up to 10 percent this year — one of the most significant recessions in Latin America.
“We’ve begun a new stage. There’s a light at the end of the tunnel,” President Andrés Manuel López Obrador said at a news conference on Wednesday. But he cautioned that Mexico was headed for a “new normality” that would require safety measures to prevent major outbreaks of disease.
Under the plan, the government would allow 269 municipalities scattered over 15 states to resume most activities on Monday. These are places that have had no confirmed coronavirus cases and whose neighboring counties also have no sign of covid-19, the disease caused by the virus. They represent just over 10 percent of all municipalities in Mexico.
Other municipalities and states will be assigned a color each week, starting June 1, that indicates the extent to which businesses, schools and public gathering places can function. In addition, three major industries will be included on the list of “essential” sectors that can resume operations nationwide next week — construction, mining and auto manufacturing.
.
.
The restrictions in Mexico have been less severe than in many other Latin American countries, relying on persuasion rather than police to keep people home. Schools and most businesses and government offices have had to close, however. Authorities say the restrictions have prevented a nationwide spike in cases, although the virus continues to spread.
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Three big states on the U.S. border, in contrast, are considered “green” — Chihuahua, Coahuila and Nuevo Leon. If they remain in that category, they will be able to resume manufacturing and other business activities in June, and schools in those states will reopen.
The Trump administration has been urging Mexico to restart assembly plants that provide inputs for critical U.S. industries such as defense contractors. López Obrador, too, has been eager for a resumption of economic activity. Some Mexican officials have been wary, however, because dozens of workers have become sick at border factories that remained open. Several have died.
The two other border states — Sonora and Tamaulipas — are “yellow,” meaning that businesses can reopen but schools will remain closed and restrictions on gathering places, including churches and parks, will continue.
<<
I think I found the source for this as "paid in capital" line item in the AR:
March 31, 2019 paid in capital => $27.1 million
Wow! Simply astounding that Mexus raised $30 million from investors thru crowd funding over the last 9 years.
Hopefully things will all come together this year so that the investors who funded this venture can get a return on their investment. If Mexus can consistently produce 10 oz per day on average, we will have turned the corner and be well on our way for this to happen.
Thess, what is your source for this info ? $30 million of money spent in last 9 years is way way more than I had realized.
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