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At this point why convert? What would be the advantage to you?
I ammend my previous statement to;
1 out of 100,000 ersatz Areospace Engineers recommend this ersatz mining operation.
Not according to 1 out of 100,000 Areospace Engineers
So you'll put your belief in satellite photos now, but when satellite photos showed a pirate barge being built on PT's shop, those didn't mean anything?
With your natural ability to flip flop like that you should consider running for President.
Call PT and ask him yourself. After all, you won't believe what anybody tells you around here anyway.
More likely the name was Don Phillips or Paul Thompson.
First, it takes a little more than just filing a 10k to get back to the OTC. It's not a quick and simple process.
Second, if Mexus couldn't raise the funds to pay for the 10k as a listed company, I'm not sure why folks would think they could raise the funds after being relgated to the Expert Market.
Third, if they can't pay for a 10k, how can they pay a salary for a CEO? The won't be able to sell (dilute) enough shares on the expert market to generate cash and no rationally thinking investor would put up any funding after they just screwed all the previous investors into converting thier notes into shares.
I truly hope folks on the other board are able to come to grips with the hard truth of reality sooner rather than later so they can learn from the mistake and move on.
More likely hiding from the other longs and SEC.
So.... this doesn't really mean anything. It's still all part of a ploy from Git and his gang to get cheapies. If that Git hadn't come around we'd be listed on NASDAQ by now.
Mexus to the moon!
/Sarcasm.
In all seriousness, has reality finally sunk in for the devoted longs? Will they turn against Paul and Don P.?
I don't see any updated filings. Mexus is headed to the Expert Market.
Guess someone should've went to Vegas instead.
Just keep Trollin'...
It's becoming obvious this is a ruse. I find it hard to believe anyone is this naive and/or ignorant.
It depends.
A legitimate, credible, drilling program with results and reports completed to generally accepted industry standards (not a Ceasar special with avg hole results) would help share price slightly. Whether or not those results showed a level of gold that could be mined at a profit would determine if the increase in share price would be significant.
The likelihood that Mexus can put together the funds to perform a drilling program that results in a credible mineral reserves assessment is extremely unlikely. Given the past poor performance and questionable operations, doing a capital fundraising campaign would not be a realistic way to generate enough working capital. In order to "clean-up" the bills the new CEO would need to reverse split the stock with the intent to dilute and sell more shares. Buyers would be few and far between.
There is no new fella. Only some tease that maybe there would be a new guy if certain conditions were met.
The point or the PR was to get folks to convert thier notes to stocks, thinking this was the best opportunity to recover any loses. But the real motiviation was to get the notes into a mechanism that limits the former noteholders ability to go after any assets PT or the company may have had. Basically it got Paul off the hook for most of the debt owed.
It's amazing that PT screwed over his "informed investor" inner circle and yet they still evangelize for him.
When was that call made and answered? Was it in the last week? Last 30 days? 1 year ago?
Nope. Filing reports and maintaining legal compliance are the BARE MINIMUM a company should be doing. That Mexus is struggling and has historically struggled to maintain the bare minimum compliance should be a major enough red flag to any make investor or Vegas non-gambler run from it.
For one to be bullish on Mexus it would require 3 things.
1. Getting back into compliance and maintain that compliance with no deficiencies.
2. File CREDIBLE reports of mineral reserves with drilling data performed and analyzed by acceptable industry standards (i.e. 43-101 Report).
3. Those reports would need to show high enough amounts of gold to be able to mine at a profitable level.
Another half concocted B.S. PR about a JV, new CEO or some other amateur event does not move the needle for any credible investor.
Hmmmmm...... Out of the blue there appears to be an uptick in volume. Most of it downward pressure. Did some bad news get shared with the "informed investors"?
You've again exposed yourself as an internet troll with these 3 sentences. You've claimed to have done all of this due diligence yet you clearly haven't.
1. There is a youtube video promoting the new mining company that shows PT and his son (and grandson) on the barge. PT has no other recent jobs besides CEO of Mexus. The ship was built in his stockyard. The other mining company is not publicly traded and I've not found any trace of a business registration with any state or mention of private investors. Anyone using reasonable deduction should be able to conclude (at least some of) the funds to build the boat came from Mexus.
2. Mexus has a repeated history (well documented by Git) that shows delinquent filings of Form 4 when PT sold stock. The company has routinely failed to file 8k for material events. The current lawsuit being a prime example. It still hasn't filed an 8-k supporting the CEO change to Mr. Ashley. There was never any 8-k filed when IRMEX was announced as a partner. Countless examples of non filings. Not to mention they were seriously delinquent in renewing their Nevada business license.
To use the rationale that something is false because otherwise the company would have filed an 8-k is foolish. Additionally, if that is the standard you wish to use. Then that same standard should be held of Mexus. If Mexus hasn't supported a claim with an 8-k, 10-k or 10-Q then it should also be treated as a lie.
Rich, I challenge you to go back through the last 3 years of PRs and please list for me 3 things Mexus has claimed to have been done, or promised to do that has actually happened. Lots of promised gold production, filters sent to refineries, JVs. Yet none of them have happened. They've also promised technical reports and uplisting to other stock exchanges. Yet no changes. The lies are mainly coming from one place...... Mexus.
So what's the next step if Mexus continues to be non-compliant with SEC filings? At some point will trading be suspended? What kind of timeframe will next action occur if non-compliance continues?
Thank you. I missed that post somehow.
So it is confirmed. This is indeed fact and not misinformation.
Why not just post the link to the Mexican court webiste with the language you've referenced so everyone can verify for themselves? Your inability to do that hurts your credibility.
It's simple. Post the link and take away the naysayer's arguments.
I assume you are referring to the misinformation PT and the longs have been posting, correct?
Says the guy whose profile started only 4 months earlier on 04/06/2023.
Yes. This does not pass the smell test.
When you make your final lease payment do you own the home or property? Nope you don't.
When you make your final rent payment do you own the property? No you don't.
Leasing or Renting are not the same as owning.
Mexus does not own the property. It's really not that hard.
Have you seen how the pro Mexus folks speak around hear? The ringleader can't make a complete coherent sentence. Don't even get me started on the alleged aerospace engineers on these boards.
Big difference in owning and leasing. People who rent homes don't go around claiming they own it. Does Mexus have a mortgage on the property? No it does not.
According to the filings, there is some Mexus word salad about Mexus having a Purchasing Agreement for the property with some kind of "purchasing privilege" that is at the discretion of the company. In the meantime, it looks like it is some kind of deferred royalty agreement.
Until Mexus cuts the check for $2,000,000 purchase price, they do not own the property.
Just remember, in true Mexus word games fashion, Mark is not the CEO yet. That PR was another "forward-looking", wish upon a star, all hype, little fact, statement. Whoever writes these is great at getting people to draw assumptions thinking it is indeed fact.
Now even if there is some "handshake agreement" for a CEO, there should be a letter of intent or some kind of documentation that would warrant an 8-K filing. Just be careful not to get the cart ahead of the horse. Ashley is not the CEO and the road for his conditions to be met isn't easy. The company would need to get updated with it's filings before it can perform a reverse split and getting updated would require cash to complete an audit.
Personally, I'd put it at 50/50 that Ashley ever assumes the CEO role. I think they threw the PR out there as a test balloon to see what kind of splash it would make. If share price rocketed, then welcome to the Mexus insider enrichment scheme, Mr Ashley. If the announcement resulted in not so much sizzle, then no harm no foul. Wait a few months and try another tactic (take your pick of JV, new mining claim, promise of drilling etc.)
Not sure how much you're buying ever other day, but there is a good chance you are the primary person creating the buy volume. At 1 million shares traded so far today that would equal approx $1,000 of dollars spent.
In other words, if you bought $1,000 worth of shares today, the uptick in volume isn't a sign that others are forseeing good news and buying the ask, it's because you are creating your own circular feedback loop
My understanding is there is one well known poster on this board that has admitted to being caught painting the tape along with other activities which resulted in some of their brokerage accounts either being closed or flagged for misuse.
And to your question, no, painting the tape does not indicate strength. It's typically done to either (a) portray false strength to trick others into buying or (b) keep closing share price up to get more favorable conversions on toxic loans. The latter, however, is a non-issue with Mexus as all of their most recent toxic notes had language that used average of the two lowest intraday trades to set the conversion rate and not the closing rate.
Remind me, to get TSX listing are they required to do the NI 43-101, or can they only do the Guide 7 becasue they aren't a Canadian based company?
There's a few thing to unpack from today's PR.
First, none of this is reality until a 10-k, 8-k and/or pre 14c are filed. I don't know all the legal ins and outs, but would imagine the company has to be up to date on filings before any other reverse splits etc can be completed.
Assuming we get to that point, when PT converts his preferred shares wouldn't he still be majority shareholder? Therefore the language about shareholder approval needed for the R/S and Authorized Share reduction is a mere formality?
The company is admitting as soon as the reverse split and authorized share adjustments are all completed, there will be a need to sell stock (dilute) to raise money. Buying shares now makes no sense on any level. In addition to encountering a brokerage admin fee for the R/S the current value of the shares will be diluted - possibly where they are diluted to 1/5 of their post reverse split value.
I get that those who had notes are in a place where they had to convert to shares or else they certainly faced not having anything. But in what situation would it make sense to purchase any more shares prior to the R/S?
One possible silver lining, is reducing the authorized share cap to 250 million. That is a more reasonable cap than 4 billion. I still think uplisting is a pipe dream, but it is certainly plausible with a 250 million cap. It wasn't ever reality with a 4 billion authorized share cap.
Guess we'll have to wait and see about the new guy. But at first blush it looks like more of the same. Can't say that his work history is stellar. He got fired from his gig at Tongold in 2021.
Effective as of June 21, 2021, Mark J. Ashley has been removed from Tonogold’s Board of Directors by majority consensus via shareholder resolution
Additionally, the folks on the Ihub Tonogold board don't appear to be singing his praises either.
Is Mark Ashley a Choke Artist
If you bought $300 worth of shares, then it should be obvious why buy volume is over 300,000 shares.
Just like you can't deny Mexus historic record of no gold produced profitably, overall trend of sinking stock price, reverese split, and delinquent State & SEC filings.
Uh-oh.... You just confirmed that you're trolling. TD Ameritrade doesn't exist anymore. All accounts were converted over to Schwab at least a month ago.
Still want to stick with the Aerospace Engineer story too or would you like to fess up to that ruse before you accidently expose that lie too?
No. But on the off chance there is news, it won't have any factual substance. Only optimistic platitudes and/or teases of possible future endeavors that will never materialize.
Riiiiiight..... You didn't buy any @ $.02, $.03, $.05, or any pre-split. You somehow had to miraculous knowledge to know that $.0003 was the bottom and waited patiently to buy along with all the others claiming they are selling at a profit.
There's only one problem. When you factor volume was running at 20,000 or less per day, prior to this most recent pump, that’s about $10.00 of trading per day. If all of you were buying it was only $1.00 - $2.00 each.
Somebody’s diaper needs changed cause I smell BS.
Since the recent news seems to have started after March, it may not necessarily show on the 10-K. It would need to be disclosed on the 1st quarter 10-Q or an 8-K.
You realize this is the text book definition of insider trading and a highly illegal action?