Mexus Gold US (MXSG)

[drobx]

I decided to review what the terms of the loan were. I've made this post in reply to the source. Here they are:

-6 month loan at 20% annualized interest

-Stock bonus of 1/2 of the original loan at .10 value

-The right to convert the original note into 144 stock at .10 in 6months and 1 day

I realize now that I don't understand what the second item means. Did the lenders also receive a chunk of stock? If so, then this is a significantly better deal for the lenders than I had originally thought.