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Not surprising, most people bail when they hear that a 1 for 100 reverse split is coming. Some hold thinking the increased stock price will keep their total share value the same, but i have yet to see one not immediately start diluting. Just look at Mexus's last one and how fast the share price tanked.
Rich quote "my opinion is when we get news I will at probably double my money or more
MXSG
1 PR should do it OPINION"
The PR you were told that was coming today is probably not what you were hoping for.
California dreaming ...
of where your money went?
Whafever happened to the "Deal" that those in the know said was coming for the past 6 months??
There was no mention of any deals in the PR.
Just a new CEO who was unanimously let go from his last gig.
Oh and maybe a name change according to Rich.
Same old , same old.
Before the Last R/S , the share count was over 2 Billion. Remember all the private board folks saying it would be good for Mexus and possible uplisting??
This time the share count is approx 4 Billion.
My prediction is that the New Reverse split , followed by the share count reset, leads to an increase in authorized, and then it's back to the toxic lenders again.
No uplist will ever happen, and little if any gold will be produced, and the PR's while being fantastical, will continue to spawn more questions than answers.
Long term shareholders and cert holders just got screwed by PT et al.
When it walks like a duck and quacks like a duck.....
Oh wait, that would be 49andretarded
Let’s see how fast this one hits the trips today.
Cue the same zealots who said the last reverse split would be a good thing for shareholders. LMAO
Blah, blah,blah in the old days PT would have been tarred and feathered and ran out of town.
Quote from Mark Ashley and Paul Thompson
Mr. Ashley stated: "Upon my formal appointment, we will be reviewing and assessing the projects that Mexus currently have in Mexico and developing strategies to realize and maximize their value for shareholders. In addition, we will be focused on securing other opportunities that would provide growth for the company in the medium to longer-term. Our focus will be on fundamental opportunities with the potential for significant value accretion for shareholders. We will also be considering the Toronto Venture Exchange (TSXV) and/or the Australian Stock Exchange (ASX) (either as a dual or primary listing opportunity) as a more appropriate trading platform for Mexus moving forward".
Mr. Ashley thanked Mr. Thompson on behalf of the Company for his tremendous efforts over the past 14 years under his management and looked forward to being taking the reins and building on his achievements. Mr. Ashley added that "he looked forward to working with Paul in his new capacity - thus ensuring that the benefit of his significant wealth of knowledge and history of the projects will be preserved for the future".
Current Mexus CEO, Mr. Paul Thompson added "I have been seeking a strong partner to align with Mexus for quite some time. Together with our geologist Cesar Lemas, we have sought and reviewed multiple options for the company. I believe that Mr. Ashley provides the knowledge and experience to maximize the true potential of Mexus's multiple land holdings. I'm excited for Mexus's future and the potential benefits to all involved."
Ashley Remuneration
The Company's agreement with Ashley's provides for the following remuneration components:
Annual total CASH remuneration of $180,000
Termination - 24-months and 3-months by Ashley notice by the Company
The grant of 160 million share options with the following key terms:Grant date - upon the effective date of the appointmentTerm - 5-yearsExercise price - $0.001 per shareVesting period - noneCashless exercise available
You will now own 10,000 shares for every million shares previously owned. Then your remaining stock value will be immediately diluted by a factor of 6 to raise capital for drilling. Lol
This is no different that the last split that PT did and don’t kid yourself about the new authorized being held to 250 million.
Wash, rinse, repeat. Just as predicted by many here who were vilified by the zealots on the private board .
Quote”The Company plans to seek shareholder approval as soon as practical to undertake a 1 for 100 Reverse Share Split and an increase in the authorized share capital to facilitate its growth plans.
There are currently 1.3 billion shares on issue and following the debt conversion this will increase to around 4 billion. The planned reverse share split (or share consolidation) will reduce the number of shares on issue to around 40 million. As part of a reverse share split, the authorized shares are also reduced by the same ratio, bringing the authorized share count, down to 50 million.
The Company plans to seek shareholder approval to increase the post reverse share split authorized common shares to 250 million to provide appropriate flexibility to enable growth opportunities to be pursued. “
CABORCA, MEXICO / ACCESSWIRE / August 2, 2023 / Mexus Gold US (OTC PINK:MXSG) ("Mexus" or "the Company") is pleased to announce a proposed major corporate restructure, including management change, strengthening of the balance sheet, a reorganization of the capital structure and a significant planned capital raising to reposition the company to embark on a meaningful, multi-pronged growth strategy.
Management.
Mark Ashley, a seasoned and experienced mining executive with a successful 35-year career building substantial listed mining entities globally, has agreed to assume the role of CEO subject to the satisfaction (or waiver) of certain conditions noted below.
Mr. Ashley will be replacing Mexus's current CEO, Paul Thompson who will relinquish the position to enable him to focus on personal priorities. Mr. Thompson has held this position since for over 14-years, and has agreed to remain on the board as non-executive chairman.
Mr. Ashley's appointment is subject to (i) current creditors and note holders (together referred herein as "Debt Holders") formally committing to convert their debts into Common shares (see below) and (ii) the completion of a placement of new common shares to raise at least $2.5 million in order to provide appropriate funds to undertake a focused initial drill program on Mexus's properties in Mexico.
Conversion of debt into equity
As at March 31st 2023, a total of approximately $2.7 million was due to Debt Holders. In order to clean up the balance sheet and facilitate the proposed capital raising, the Company plans to secure agreement of the Debt Holders to convert their debts into common shares in Mexus at an expected conversion rate of $0.001 per share. Discussions with a number of the larger Debt Holders has provided the Company confidence that majority (if not all) Debt Holders would agree to this proposal.
Conversion of Preference shares into equity
The holder of the Companies 1 million preference shares (Paul Thompson - the current CEO), which effectively provides voting control over the Company, has agreed to immediately convert all preference shares into common shares at a revised ratio of 50 common shares for each preference share. The issue of common shares will automatically cancel the preference shares.
Share Placement
The Company plans to undertake a share placement to raise a minimum of $2.5 million as the foundation for value accretive strategies for the Company. Details, including pricing, have yet to be determined and will be advised to shareholders as soon as practical.
Share Capital
The Company plans to seek shareholder approval as soon as practical to undertake a 1 for 100 Reverse Share Split and an increase in the authorized share capital to facilitate its growth plans.
There are currently 1.3 billion shares on issue and following the debt conversion this will increase to around 4 billion. The planned reverse share split (or share consolidation) will reduce the number of shares on issue to around 40 million. As part of a reverse share split, the authorized shares are also reduced by the same ratio, bringing the authorized share count, down to 50 million.
The Company plans to seek shareholder approval to increase the post reverse share split authorized common shares to 250 million to provide appropriate flexibility to enable growth opportunities to be pursued.
Ashley Remuneration
The Company's agreement with Ashley's provides for the following remuneration components:
Annual total CASH remuneration of $180,000
Termination - 24-months and 3-months by Ashley notice by the Company
The grant of 160 million share options with the following key terms:Grant date - upon the effective date of the appointmentTerm - 5-yearsExercise price - $0.001 per shareVesting period - noneCashless exercise available
Quote from Mark Ashley and Paul Thompson
Mr. Ashley stated: "Upon my formal appointment, we will be reviewing and assessing the projects that Mexus currently have in Mexico and developing strategies to realize and maximize their value for shareholders. In addition, we will be focused on securing other opportunities that would provide growth for the company in the medium to longer-term. Our focus will be on fundamental opportunities with the potential for significant value accretion for shareholders. We will also be considering the Toronto Venture Exchange (TSXV) and/or the Australian Stock Exchange (ASX) (either as a dual or primary listing opportunity) as a more appropriate trading platform for Mexus moving forward".
Mr. Ashley thanked Mr. Thompson on behalf of the Company for his tremendous efforts over the past 14 years under his management and looked forward to being taking the reins and building on his achievements. Mr. Ashley added that "he looked forward to working with Paul in his new capacity - thus ensuring that the benefit of his significant wealth of knowledge and history of the projects will be preserved for the future".
Current Mexus CEO, Mr. Paul Thompson added "I have been seeking a strong partner to align with Mexus for quite some time. Together with our geologist Cesar Lemas, we have sought and reviewed multiple options for the company. I believe that Mr. Ashley provides the knowledge and experience to maximize the true potential of Mexus's multiple land holdings. I'm excited for Mexus's future and the potential benefits to all involved."
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 6,900 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
Paul Thompson Sr +1 (775) 721-9960
100 for 1 reverse split announced , followed by immediate dilution. to raise Capital. Just like last time. Yep, PT sure made a good deal for shareholders. LMAO. And listing on an exchange too? Right out of the penny stock playbook. What a joke.
I put him on ignore a week ago. Lol
His proclivity towards posting about adults wearing diapers indicates a severe lack of intelligence, bordering on mental retardation. Either that , or he’s just a real creep.
However, after seeing all those posts of his saying “News next week” and him being wrong 100% of the time , the “quack quack” posts, and the “happy so happy” posts, when he’s obviously down 90%, kinda has me leaning towards a mental retardation diagnosis for him. Take a look at the “ mutants on the bounty” pic below my post, and tell me he doesn’t belong on that ship. LMAO
Quote"no concerns at all"
Not when you can just call Deb and get insider info.
Lots of selling today.
I don't tell people to sell and move on if I don't like what they post. That your modus operandi.
Looks like the NT10K filing was just a ruse to keep the shareholders engaged, who might have been on the fence, for an extra 15 calendar days, who had loans that PT wanted to convert to restricted shares. I don’t see any other explanation for it, unless he didn’t have or didn’t want to spend the audit fees.
Hard to believe BRGC is trading so high. This company has no production and In my opinion they never will. It takes years to build a mine and millions of dollars .
Take a look at current assets in the recent filing. Lol
What’s being sold here in my opinion, is a story, with Sunnyland providing the mining claims, and Sunnyland and crew providing the hype and promoting it on Twitter and in his chat room.
The same setup and same people involved with multiple mining stocks.
No PR that was supposed to come out 2-3 weeks ago(according to Deb).
No 10K that was supposed to be out a week ago.
No explanation on either of above 2 facts
No volume so far today
Same old same old
Lol, nicely put Mahat
“ join the mexus gold imvestors community today! Help us fight naked shorters that are destroying honest otc pinkies! Join brothel owners, banned-for-life ex-NASD liars, and holier-than-thou religious bigots in this righteous struggle. ("doing the work of The Father" as one mexus theologian put it a while back). “
Rich quote” I did not say a new name was coming; misinformation coming from you again. “
A false story? Misinformation coming from me?
These are your words are they not?
Monday, July 17, 2023 12:12:59 PM
My facts are weak in many eyes
We shall see whose weak facts get stronger soon
Real soon like a new name for a new company
Only once? And you have the nerve to call me a liar? I count at least 4 times up to about this time last year, that you admit, and who knows how many more times between then and now.
Still want to say that you have not had insider info?
Rich May 11,2022 “ I talked to Debby (third time in many years) and all I can say is she stated something similar to what WxDog and Dino said”
Rich July 15,2022 “ Called Debby
“She said it should have gone out today we will see it next week”
I suppose that next you will say that you have never spoken to Deb
Yes, a clear violation and it’s not the first time she has given out info to callers, so it’s safe to assume that she is either ignorant of SEC laws or just doesn’t care.
I agree. Not very smart to put that in an email.
Wxdog , and Rich posted about new people also. Rich even said a new CEO and a name change is coming. Lots of info to trade on for special “ friends” of Deb.
What do you suppose happened to the PR that Deb said on July 5th would be out this next week, which is now 3 weeks later? Deal fall through again? Did the new people change their minds? Dog ate the PR? Pr was misplaced in a dusty drawer? Pr sent to Nome by accident?
FYI, Not pointing any fingers at you and appreciate you sharing your info.
Just seems to be a steady string of BS from the company going back at least for the 7 yrs that I have been a shareholder. Also when Mexus goes quiet and the PR fails to appear, in the past it meant that the deal fell through, MarMar fouled the pad, or no gold was recovered. Which one is it this time? There is no pad and no gold anymore….
Posted on: Mexus Gold US
mahatmapaul
RE: mahatmapaul Post # 46503
07/05/2023 08:32 PM
Post
# of 46707 Go
Following is the actual e-mail from Deb (the previous post was the "agreement" she asked to return)
-------------------
Paul, there should be a press release out this next week. Things are looking good these new people are going to jump right in. There going to do drilling. Please email this back to me at this email
Thank you
Debbie
Increase of 1,382,694 shares issued since my last board update and an Increase of 6,865,000 in unrestricted shares. That might explain the steady selling.
SDRC SECURITY DETAILS 07/24/2023
Authorized Shares. 500,000,000. 07/24/2023
Outstanding Shares. 339,553,253. 07/24/2023
Restricted Shares 203,510,397. 07/24/2023
Unrestricted Shares 136,042,856. 07/24/2023
Authorized Shares. 500,000,000. 04/19/2023
Outstanding Shares 338,170,559 04/19/2023
Restricted Shares. 208,992,703 04/19/2023
Unrestricted Shares 129,177,856. 04/19/2023
Increase of approx 12.2 million shares issued
Authorized Shares. 500,000,000. 03/27/2023
Outstanding Shares. 325,970,559. 03/27/2023
Restricted Shares. 202,792,703. 03/27/2023
Unrestricted Shares. 123,177,856. 03/27/2023
Increase of approx 16.2 million shares issued
No thanks Rich, I prefer to read with my eyes open. It painfully obvious by your nonsensical replies that you have no clue what's going on and are in way over your head. Some people are destined to learn the hard way, and some never learn.
In my opinion, there’s nothing different left to do. Argo drilled the property, and PT drilled the property. Argo walked away, and If PT had found significant amounts, there would have been a legit resource estimate done. PT tried multiple recovery methods, multiple plants, and multiple restarts, brought in multiple mining “experts”, and none made any difference in recovery amounts, which leads to the logical conclusion that there just isn’t enough gold there in economically feasible amounts to be recovered. Or he’s incompetent? In my opinion, it’s both, plus shareholders were lied to multiple times.
I don’t believe there is any deal coming that’s beneficial for long term shareholders but would love to be proven wrong.
There is no good reason to allow the company to go SEC delinquent or Pink Yield sign, unless he didn’t want to pay auditor fees for the annual report. Maybe they just forgot to send it in like last time. In my opinion, Filing an NT10K keeps the storyline going for a few more weeks to get the last of the holdouts to convert their loans.
If there was a deal in place, it would be a material event and Mexus would be required to disclose it within 3 business days. The fact that that hasn’t happened speaks volumes.
I would not be surprised if there is a new CEO, and a name change coming, as some in possession of insider info have alluded to to help pump the stock. I think Rich was one of the posters who mentioned it and Wxdog also.
I would also not be surprised to see a reverse split shortly after the long term shareholder loans are exchange for restricted shares, and then the new CEO can start with a fresh share count and begin borrowing money from toxic lenders all over again. Operating Mexus has been a cash cow for some, but not for the private placement holders who kept it running at different times.
Rich, didn’t you say that you followed 8thaero into Mexus?
Again, you are not making sense.
Rich quote” I do my own research, and cannot hardly trust anything from this message board
Opinions presented as facts like ?? scams veterans or I use. Insider info
I form my own opinions and I call them opinions
I retired as a senior aerospace engineer AND
My opinion. Is MXSG is awaiting just 1 PR to take off”
Grade 1? Who says that? You must be a Canuck. Anyhow enjoy this reply as it will be my last to you as I don’t care to respond to perverts who are obsessed with what underwear I use. Bye Creep.
That makes zero sense rich. It’s the headline of a Mexus PR.
The Mexus CEO or whoever writes the Mexus press releases stated that.
I have nothing to do with it other than reposting it here for you to see.
Sticking your head in the sand does not change the fact that the company said it, and that the revenue doesn’t show up in the filings.
Your rabid infatuation with what kind of underwear I use is somewhat creepy , but each to his own I guess. Lol
Maybe go have a good cry. Might make you less angry.
Rich quote” The CEO used money to build a barge and is on his way to Alaska, non of that is found in a 10K or a 10Q”
Well none of this is found in a 10K or a 10Q either.
So what happened to it? Or was it a lie?
CABORCA, MEXICO / ACCESSWIRE / November 1, 2021 / Mexus Gold US (OTC PINK:MXSG) ("Mexus" or the "Company) announced that revenue for the month of October totaled $128,000.
Don’t be surprised if there is no 10K filing.
Rich quote” But they had ONLY 1 REVERSE SLPIT “
Stick around. Another one should be coming shortly after the note holders exchange their notes for restricted shares.
Technically the stock did hit .0001 and still is trading under .0001 if you factor in the reverse split.
Currently trading at .00006 for most people who hold certs in dusty drawers and such.
Because it's one of three companies being pumped by the guy who sold the claims to the CEO in return for millions of shares. All three companies have similar set ups. Same CEO who can convert his debt at .005 common or .0001 preferred, same guy providing the claims, and same crew from discord chatroom parroting on twitter.
Some people say the claims are worthless.
I say check the recent filings.
On August 31, 2022 the Company entered in to a definitive agreement with Red Beryl Mining Company Inc, and Strategic Stibium Mining LLC, Idaho Appraisers LLC and Edward Haber an individual, to acquire a 2100 acre or 102 mineral claims located in Churchill County Nevada, with the target mineral being Nickel. The consideration paid was an aggregate total of 25,000,000 common shares of the Company.
Those shares were issued at .005
Current assets consist of zero cash and the mining claims. See page 13
https://www.otcmarkets.com/otcapi/company/financial-report/376152/content
Well , look who’s a principal with an 8.74% stake in the company. See page 7
https://www.otcmarkets.com/otcapi/company/financial-report/376152/content