I will believe a 2nd batch shipped when it’s PR’d . Speculations on what’s they might have meant instead of what they actually said , is a recipe for disaster, when it comes to Mexus. I have yet to see them meet one of their own timelines since 2016.
Mexus hit a low of .0115 earlier this morning. Looks like lots of conversion shares being sold today. Currently at .0134
Nice profit on shares issued at approx .0091.
The next note available for conversion after the 26th will likely convert at approx .008 or lower depending on how much further the pps drops between now and the last trading day before the 26th.
To put things in perspective .0115 is .0005 pre-split which makes me laugh when I read this blast from the past.
Remember how many said it was a good thing?
CABORCA, Mexico, October 9th, 2020 (GLOBE NEWSWIRE) — Mexus Gold US (OTCQB: MXSG) (“Mexus” or the “Company) announced that it has completed a 1 for 20 reverse split of its stock. The stock will began trading at its new price on the open of market today. The company believes that all involved with the company understand the necessity of this move given the volume of shares currently outstanding. Mexus also believes this move, along with the positive news recently announced, will allow the stock price to move up and accurately reflect the value of the company. An increased stock price will also give Mexus the opportunity to uplist the stock once all parameters for doing so have been met.
“This was the right time to do a reverse split. The company has had to use convertible loans and share offerings to keep the business moving forward. I believe that the need for future loans and the risk of additional dilution is now ended given our recent discoveries. I also believe that the combination of less shares in the market along with our recent findings will allow the stock to move to a much higher level which will be a true representation of the company’s value.” added Mexus CEO, Paul Thompson.
That Pr was on Oct.9th. He took out a new loan 6 days later.
On October 15, 2020, the Company issued a Convertible Promissory Note (“Note”) to Power Up Lending Group Ltd. (“Holder”) in the original principal amount of $52,500
Somebody should point out to PT that we are going the wrong way.
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