Mexus Gold US (MXSG)

[gitreal]

The gold sale, if real, could be used to pay off the next toxic loan before it becomes convertible on Tuesday.....at 145% of the principle amount. Worse than loan shark rates. 45% interest for a half year loan? Wow, great use of investors' money.

But paying off that note assumes they have no other significant expenses and don't owe any smelter royalties.

The second note, due in a couple weeks, is bigger and will be even harder to pay off. The third one in June (Auctus) is a crusher - the terms are so horrendous (floorless) that literally half a billion shares could be generated as a result of it converting.