Mexus Gold US (MXSG)

[1manband]

Except that they were closing on in a billion in reserved for the existing toxic death spirals. And the 2 billion remaining could be fully taken in 3-6 months at the rate the stock price has been tanking and PT has been issuing new ones.

The death spiral accelerates very quickly when the stock price crashes like it has. No doubt the toxic noteholders are telling PT what to do, and they orchestrated it to reverse split now in conjunction with what they tried to engineer as good news to keep the volume flowing.

The reverse split was 100% about creating room for new stock to be issued for the death spiral convertibles in the year ahead.