Mexus Gold US (MXSG)

[T-Hawk]

What you presented is in no way a formal agreement. There is nothing in there that would hold up in court. Maybe it truly is all they are working off of. If so, that's a scary (and unwise) way to do business.

Not trying to be difficult, but this kind of stuff is not as simple the two sentences try to make it. It's complicated and any potential conflicts should have been worked out and agreed upon ahead of time.

I understand what you are saying that by Mexus helping out it should help us get to the 50/50 payout faster. It's a fair point. My concern/objection to doing this is we should not be taking on toxic debt or diluting shares in order to help our JV with their expenses. The reason we partnered with a JV was to avoid taking on additional debt/expenses.

Additionally, is Mexus getting repaid for these costs out of the 95% profits since MarMar is obligated to cover 100%. If so, where is Mexus tracking that tab. It should be reported on the financials somewhere as an accounts receivable.

Again, this is assuming the money being spent on those things. Who knows? There could be other necessary places it is being spent and MarMar is covering all Elena expenses.

It's not painful to think. Anyone thinking should have the same questions.