Mexus Gold US (MXSG)

[T-Hawk]

So much for the massive ...I MEAN ??? MASSIVE... dilution

I wouldn't count those chickens before they hatch. Hopefully the new note will get paid off within 6 months, but it's not an absolute at this point in time.

Mexus was in a no-win spot. They either let the note convert and get blasted for dilution or they had to borrow more money at crappy interest levels. At this point I hope we don't get stuck with the worst of both worlds and that this new debt (plus interest) ends up converting.

I don't like the excuse given for not being able to pay off the present note with gold sales....

Revenues from the sale of gold are currently being reinvested to increase our monthly production.

.

What is needed to increase production? That would seem to infer bigger or more equipment was needed.

Also, its extremely difficult to argue Mexus is operating at a profit if it had to take on more debt to continue operations.

This PR is not a signal that Mexus is out of the woods. Only that we used our Visa card to pay off our Mastercard bill.