Mexus Gold US (MXSG)

[T-Hawk]

Nah.... This one can be accomplished with some simple due dilligence.

Revenue - Expenses = Profits. Profits are taxed.

If Mexus has debt to use to reduce it's tax liability taxes it will show up as an expense to offset the revenue they make selling gold. Profits (and taxes on those profits) will be affected accordingly.

The $30 million "debt" has mostly been covered by issuing shares (dilution). Until those shares are retired (aka buy back) Mexus can't expense that debt.