Mexus Gold US (MXSG)

[T-Hawk]

Couple of thoughts and responses...

First, I don't know if it is accurate to say Paul and his family have "profited" from this. I don't know what kind of personal investment(s) they have in the company (besides time and emotional investment). I don't think Paul's intent was to come into this to lose money or intentionally scam investors. He (and his family) very well could be bankrupt after all of this is over. But, what I call the "plundering of the treasury" is always one of the last stages of a failing entity (both companies and countries). It may be Paul "profiting" or it may just be getting what he can get back out, while he can.

Yes there were other red flags, like lackadaisical reporting, but that isn't an automatic or imminent sign of the end of a company. Many low budget operations flirt with these issues. However, the deception (or omission) of disclosing the company was subsidizing operation cost that Mar Mar was supposedly covering was where I came to the realization that this wasn't going to happen. Add the toxic loan terms and how that loan money was spent (paying back debts owed to family members) and it becomes overwhelmingly obvious the company is in it's final stages.

I understand if someone has a lot of shares and are feeling they are stuck with them and their best option is to ride it out. I don't understand anyone how anyone without any emotional attachment to the stock can rationalize purchasing more. There is no logical evidence to support that position.