"gitreal Member Level Thursday, 03/26/20 07:49:53 PM
Re: saildone post# 36545 0
Post #
36547
of 36553
Yes, and that loan was paid off.
At what cost? Paying off a toxic loan before it becomes convertible involves penalties and interest that make payday loans look like nothing.
How many new toxic loans has Mexus taken out since the 10-Q came out? Any guesses"
So just ignore this toxic nonsense? What toxic Mexus paper? What's being called daily a scheme to defraud by perfectly legal SEC approved private placement restricted shares with no current brokerage market as one of few financing means possible for a non resource proven exploration development miner? Guilt announced by years ago association? If recall? The JMJ loan was paid by shareholder involvement in the placements and allowed Elena development to continue til now with SEC announced gold sale income in the future absolving "Complete Dependence" need for any future such loans and no obvious dumping for the last 2 propounded here often.
"You have completely missed the meaning of the SEC's action.
The business practices of all the toxic death spiral convertible holders is the same, including the ones that are funding MXSG. So if the SEC considers two of them to be doing business illegally, then the ones that funded Mexus are, too.
The SEC is seeking full disgorgement of profits and penalties. If you are holding toxic Mexus paper, you may not want to convert and dump right now as the SEC will eventually go after any profits you make. So, until you figure out a way around that, you hold on to the paper and don't convert and sell. That would explain the reason for the lack of dumping at the moment.
And this also has bigger implications for Mexus. Mexus is completely dependent upon toxic death spiral financing to stay afloat. With the SEC action, that source of funds may no longer be available, which means Mexus may be dead sooner than expected."
"Homebrew Member Level Tuesday, 03/24/20 06:07:54 PM
Re: 1manband post# 36505 0.000
Post #
36508
of 36552
Don Phillips implicated yet? Co-conspirators in MXSG scheme need to be brought to justice."
