Mexus Gold US (MXSG)

[T-Hawk]

I'm sure the lenders holding the toxic notes would love it if you bought right now. That will help bring the price up before they dump a few million shares after the loan converts around December 6th.

According to the 10Q there were 2 notes issued on June 9th, 2020. One for $139,400 and the other $67,285. (These notes can start to convert 180 days after the issue date).

Doing a rough calculation, the lowest recent closing price was .03. At 65% of share price that means the the loan gets converted at $.0195 per share. Divide that by the total loan amounts owed, $206,685 ($139,400 + $67,285), and you get about 10.5 million shares about to hit the market.

That's assuming the lenders are going to play nice during the conversion. The conversion price is variable. Its calculated at 65% of the market price which is defined as the average of the lowest two trading prices during the previous fifteen trading day period.

That means, the lender could convert one of the loans (most likely the smaller amount) first. The dumping of those shares would create a new lower stock price. Then convert the larger note at 65% of the new lower price. If the first loan conversion drops the price to .02 or lower, then the total number of shares to hit the market could be closer to 15 million.