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Great info and thank you!
Looks like time for me to buy up more shares... quick.
So you expect it will wrap up before they work through these steps?
Close of Fact Discovery January 14, 2021. Worlds' Narrowing of Asserted Claims (No more than 3 claims per patent; 15 claims maximum) January 21, 2021. Activision's Narrowing of Prior Art (No more than 7 prior art references per patent; 20 references total) February 4, 2021.
Status conference February 8, 2021 at 2:00 p.m. Opening expert reports February 18, 2021. Rebuttal expert reports March 25, 2021. Close of Expert Discovery April 15, 2021.
Dispositive motions (can address estoppel issue If still disputed)/Daubert motions due May 13, 2021. Opposition to Dispositive motions/Daubert motions due June 10, 2021. Reply briefs in support of Dispositive motions/Daubert motions due June 24, 2021. Hearing on dispositive motions/Daubert hearing TBD. Final Election deadlines and FPTC TBD.
Aren't they still in fact discovery until January 14th?
I checked and the reality is... even though someone sold theirs to the MM for less than I was willing to pay... those were sold to someone willing to pay more. MM made
0.26- 0.245 * the 2 transactions near midday... oh well I guess I should have looked closer at the transactions.
Not AON just limit for .247 placed at 12:38am. No reason for shares to be sold to someone else for less. Knight equity had the order and screwed me.
Interesting... someone bought shares today for LESS than what my limit was placed. MM madness. Something seems wrong with that.
the SEC filing only shows the maturity date. Not the payoff due date... but...
the email from the JMJ rep in the sticky post... does!
Gotta love Mexus and REAL facts!
I don't know the terms but every loan I have taken had terms and a due date defined in the paperwork...
and the announcement was "Mexus Gold US (OTCQB:MXSG)(“Mexus” or the “Company”) announced today that it has wired $183,333 due JMJ Financial closing the current outstanding debt agreement prior to the expiration date."
so as I said before LOAN TAKEN, LOAN PAID!
I am pretty sure a loan taken and paid off per agreement is just a standard loan.
WOW these prices are really getting me to put the OJ squeeze on my wallet and getting me to go into a one man band buying spree... these prices are GETTING REAL low again and now I have some powder to spend...
BUY BUY BUY. it is MAGIC TIME!
Thanks for the help today!
Is WDDDD going to get some benefit before the judge decision? I thought it would have been climbing for the next couple of weeks.
what happened to Aker today? did that decision come out?
MXSG isn't buying any Burro since they are free. A pessimistic view is MXSG has .25 oz but an optomistic view is they paid 40% toward that bill and 95% toward another... if anyone is looking for a burro, dont have to look far, just look around all kinds of burro!
I think if someone can't find a burro they can just ask someone that can fimd them as mirrors come in handy to find them.
Looking at the stock price when it takes a 90% reduction in price from .0001... is there even a company to come back?
Nice DD.
Terms were published...
"Pursuant to the terms of the Agreement, Mexus will contribute its interests in both properties to the joint venture and Marmar will contribute production expertise, equipment and administrative capability to immediately begin operations on the Santa Elena project and will bear all costs associated with operations and administration.
Profits from net revenues will be distributed 5% Mexus and 95% to Marmar until “Payout” which is defined as the point when Marmar has recovered its original operational and administrative costs associated with the Project. Thereafter, revenues will be split between the parties on a 50/50 basis."
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worst case would be to read the published agreement. As it is stated, Marmar is 100% liable for op costs, and they keep 95% of gold until they recover the costs. Any money MXSG pays up front to move things along only reduces the timeline until the switch from 5/95 to 50/50 but MXSG would have right to get repaid for pre-paid costs on Marmar behalf since they are obligated to cover 100%.
Painful to think? Harder to do. Clearly alternative objectives at play here and I wonder what the prize.
I was looking for your opinion. I just bought in as I think it's about to turn and head up but who knows. ALL stocks are a gamble, just don't need airfare to Vegas for this and usually I get to play with my money a lot longer than I do in Vegas.
Dear High Hopes,
Based on your high expectations for this stocks' success... It would be perfectly acceptable for you to buy more than 1 share. If you buy more shares you might be able to just buy the top shelf wines for you and a friend.
Almost feels like I should sign this "Your Friend Abby#
GLTA
I would guess the notice is public and they just aren't doing a timely review and update and are putting it off on the transfer agent to get you off their backs... JMHO
I don't think it will change back for 10 or 20 days...
problem is without the others on there buying volume is low. I still only see the 2 trades today for total of 400 shares at .60
Isn't the 10Q due already?
2 trades so far 250 at .60 and 150 at .60 15 minutes after the first trade.
Fidelity is updated and seems to be working to place orders.
That was possibly from my statement. I went back and it was a bit longer than 30 days, quite a bit. however it was a pink and not OTCQB.
timeline for that stock:
4/17/16 announced RS
6/30/16 14C issued for RS
9/20/16 8-K issued for RS stating "At the opening of trading on September 16, 2016, we effected a reverse split of our common stock "
On 9/16/16 I had sent an email to the transfer agent asking why the stock is not trading and why? typical no info response
there had been comments on the board about paper certs being exchanged and that was why it was taking so long, so...
on 11/6/16 I sent another note asking
Look at stocks that have done an RS. Look at 2007-2008 sun micro ticker java and you will see an eerie similarity to others. the RS announcement has a bit of drop but usually mostly recovers... then the actual RS hits the stock. and then it begins... retracing right back to where it was.
Now I hope this one is different and anyone that thinks "this is different" or they can issue all the shares they want there will be plenty.. is fooling themselves. I still want to know how many shares were added as it diminishes the potential of the upcoming court date.
NOW I could see how these warrant holders wanted to convert now to shares so they can ride the uptrend of the looming case.
One thing is for sure... A ride is about to happen, just hope it is not downhill!
I've been holding this for a long time.
I have also been through RS with others and they haven't worked out well. Not that WDDD will be the same but you're telling me you don't care if the Warrants are 7M or 35MM there is still enough for you?
Opening up 80% of the available to shares to sell to new investors also doesn't bother you at all? This stock is a patent litigation play and that is all. All are expired so no long term licensing deals in the works here.
It is 1 check from each case. So up sell to higher boards is not worth the money. If the pricing of this stock is going to hit 10 at the share count we had then after the RS it should hit 50. far more people will "gamble" on a 10 than a 50.
I still think it is important to know if it is 7M or 35M added.
Da! What'yach think. reminds me of the movie Good Will Hunting and the scene... How do you like them apples?
I'm not wagering with you just want it in writing so I know what it is. The warrant is increasing shares issued, just not sure how many.
Until then, who knows, heck even a missing comma in paperwork can cost a company $5m. Don't believe me? look at Oxford comma dairy case.
I'll believe when I see it.
The first part is correct, I agree. I do wonder where you are dreaming up this part from?... I have been looking for the details on the warrant and have not found anything that conclusively defines this information. It would be NICE if this is correct but until I see facts from legitimate sources, I don't know if this is correct. They may have 35MM shares Post RS. Plus the RS is effective, it isn't implemented yet but it is effective meaning the Issue of NEW shares to fill the WARRANT has probably happened.
How many TBD.
2 weeks ago they couldn't have issued the 35,000,000 shares as you stated they did NOT have that many to issue. So they had to exercise the RS.
Now you made an assumption that the Warrant includes RS adjusting language and is reduced to 7M from 35M. I have to ask for proof. It may not include the language.
the 875k issued 35M shares the RS may be giving the Warrant holders 35M shares to sell on open market not 7M.
Maybe you missed this part of the same public announcement...
Might be a good deal for the Warrant holders... IF they do not contain specific language giving the right of the company to adjust the strike price and shares...
if the warrants exercised give the company $875k the unknown is the share price they were issued at pre-RS and if exercised now post-RS they could be and are likely to be in excess of 875,000/.335. they could be over 10 times that if issued at .03.
we KNOW the remaining shares left were not sufficient. as of 9/30 that was ["Common stock (Par value $0.001 authorized 250,000,000 shares, issued and outstanding 246,773,331"] 3,226,669 shares.
so minimally this warrant exercise increase shares issued by over 3.2MM and potentially if it didn't have the split adjusting language then it could be significantly more since other warrants were issued at .03 to .19. 875,000/0.03 would be 29+MM shares. if that is applied POST RS then that would be almost 12% more shares issued.
Does anyone know if the warrant language is available? It would be a big difference.
The announcement said the RS was required because there wasn't enough shares to fulfill the warrant.
Total auth shares doesn't change in a RS.
Shares issued count is now 1/5th of pre-RS and share price is now 5 times so same net 0 for us holders.
To fill the warrants 2.6MM shares new issued at close of effective date pricing.
That reduces share buying power doesn't it?
What am I missing?
BTW I had a different stock do the RS thing and some people's accounts took like 30 days to get updated.
last time traded at .01 was 11/29/2017.
30th calendar day of not obtaining .01 was Friday 12/29/2018.
IF SEC is timely they may have issued a letter last week. Do you really think they are on top of these infractions? Besides the letter does nothing more than start a 180 day clock...
All OTCQB companies must meet the minimum bid price of $.01 per share at the close of business of at least one of the previous thirty (30) consecutive calendar days; in the event that the price falls below $.01, the company will begin a grace period of 180 calendar days to maintain a closing bid price of $.01 for ten consecutive trading days;
The will then do an RS or have significant announcements that result in stock trading over .01 for 10 days or more...
So which happens first?
Do you think it will be 100:1 or 1000:1 RS?
At least they delisted... I was told by the lawyer that processed liquidation of a company in May 2015 and I was still sitting on shares that were getting traded very infrequently... mind you zero company filings zero company assets left and being traded because no one did the delisting and it ACTUALLY STILL had trades in Dec 2017... someone bought the last of my shares Oct 2017.
Why I don't know but people will buy anything they think they can make money on... even if the company isn't great.
I have had my share stock dud picks but this one seems very legit... I read it on the board. :)