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Friday, May 11, 2018 3:05:39 PM
The current note that is due on Monday IS dilutive. If Mexus can't pay back the $150,000 plus interest ($166,000 total), the lender gets paid back in stock. However, the repayment in stock isn't at the current share price of 1.6 cents. It's at 50% of the lowest price during the last 25 days - which was .005 cents. So repayment will be at .0025 cents per share.
If Mexus can not pay back the note in cash on Monday, the lender will get 66.4 million shares of Mexus stock. Which they will likely immediately dump on the market.
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