Mexus Gold US (MXSG)

[T-Hawk]

This is getting boring. Drumming up investors can be saying anything like "this is a great stock, I think people should consider buying it"
Is that illegal?

NO!

Is it illegal when I get paid for saying things like that?

NO!

Because he is not telling them to buy the shares directly from the company, with him as a middle man bringing them in, and getting a fee for each person he brings in. Based on such an advise you could go to your local broker and get your Mexus shares there. And would he earn anything by that?

NO!

Because they would never know you bought is on his advice, you didn't buy it from the company but from another seller, and Mexus gets no money for it, but the person who sold it to you and Berk isn't getting anything from that.

And I'm saying from an absolute legal perspective I don't disagree that the interview was "legal".

However, look at from the viewpoint of a prospective investor. The company that has taken a huge reputation hit over the last 12-18 months. (Can we agree there is a lack of trust in taking the company's word at face value?)

Now the company brings on a financial "consultant" who can't legally be compensated for finding/bringing in direct financing for the company but we'll through him on a blog and let him drum up investors because anybody can legally do that.

The optics of this don't give investors a lot of confidence that Mexus has turned over a new leaf and are trying to do things on the up and up. Instead it continues to reinforce the perception that the company likes to flirt with the gray area of what is legal.