Mexus Gold US (MXSG)

[T-Hawk]

I was using the principal amount of the loan + transaction costs + interest to come up with the amounts. Those are also the amounts the company accounted for in it's financials. It is extremely doubtful that the company made an interest payments during the term of the loans. When the loans convert that is dollar amount the company will owe and have to convert into stock for the lenders.

Since the two loans came from different companies (one from Power-Up Lending and one from J&J Investments) it will be interesting to see how patient the lending companies are in converting or if they will try to unload before the other one does.

They can't be too patient because another $47,000 loan becomes eligible for conversion on January 13th (And another $91,000 on February 7th) - The February one has worse conversion terms than the others. Only 60% of lowest closing share price within the last 20 days. The others are a 65/15 term.