Mexus Gold US (MXSG)

[BonesJones]

If all he had to do was sell shares, why take on the toxic note at all?

Take this for what it's worth as it's just speculation, and also assuming those involved at MXSG are grinding their way towards production as stated in PRs.

If what Ice theorizes is true, then I feel this is the most likely scenario that can answer your question above:

The note was taken out in order to immediately pay for expenses due or coming due. The note bought them some time with much needed cash upfront. PT (and many others) had anticipated greater production by now, and therefore expected the note to be paid through revenues generated from gold sales. Unfortunately this is not the case, and in order to prevent the note from coming delinquent (and ultimately destroying the share price with it) PT has been liquidating some of his shares to pay the note.

Despite what some may exclaim, the latest form 4 is likely due to the need for PT to pay off the note, and not line his pockets.

All just my opinion.