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Re: wxdog post# 37962

Thursday, 06/18/2020 5:39:16 PM

Thursday, June 18, 2020 5:39:16 PM

Post# of 47670

Annual audit comes out next month which I’m certain will surprise some folks...and a lack of loans (short of this nasty one that was conversion avoided) showing up in the 10k I’m sure will only help Mexus to get a golden shine to really start to blossom.


The upcoming 10-K won't reflect the new stop-gap loan PR'd about on Monday, as the 10-k only reflects happenings through March 31, 2020.

Also, there will still be loans showing on the financials. Anything that converted after 3/31/20 will still be on the books. We'll only be able to confirm if additional loans were or were not taken out through March 31st. We'll have no way to confirm whether or not new loans were issued or settled in May or June until the 10-q that comes out in August/September.

All of the recent talk about gold prodcution in April, May and June won't be substantiated in this 10-k either. Only gold sales through March 31st would show up (and likely not as revenue from gold sales) becasuse Mexus supposedly wasn't considered to be in production (according to SEC definitions) during this time. Any hint of gold sales would need to be shown as a reduction in assets or operating costs. Mexus claimed 16.5 oz sold with 125 total ounces produced during this time period. We'll see what hits the financials.