Mexus Gold US (MXSG)

[T-Hawk]

so by SEC rule cannot call gold sales as revenue or infrastructue as an asset. May be used to expense cost as they occur such as audit cost and shipping a big truck if any READ the rules.

Once again, the incoming cash (i.e. the proceeeds from sale of gold) has to be registered somewhere (most likely in the cash flow statement) then it can be used to offset expenses.

A company cannot just collect $50,000 in cash from gold sales - not register or claim the receipt of cash anywhere in the financials, then state in the financials expenses were $100,000 when they were really $150,000.

THE INCOMING CASH FROM THE SALE OF THE GOLD HAS TO BE ACCOUNTED FOR SOMEWHERE IN THE FINANCIALS! Even for miners not in production. They aren't exempt from reporting accurate incomming cash.