Mexus Gold US (fka MXSG)

[1manband]

There is nothing plaguing Mexus (at this point) that a 100 (more with time) ounces a week can’t cure. Nothing.

Yes, there most certainly IS. There is the little problem of being able to produce gold AT A PROFIT. 1 ounce, 10 ounces, 100 ounces, or even 1000 ounces is completely meaningless if they can't do it at a profit. And so far, not only has Mexus utterly failed to do that, in important respects they are getting farther away from a profit the more they produce. Their quarterly interest charges on their debt are 4 TIMES greater than their revenues from gold production, which by itself isnt profitable, either. Their business model will never turn a profit.

But it doesn't matter, as Mexus is not built to turn a profit or make their common shareholders money. Instead, the purpose of the toxic notes, which they are taking that money borrowed at the outrageous real interest rate, is to prop up their money losing gold production which they use to pump the stock and allow the toxic death spiral note holders to dump into. Mexus isn't actually building a self-sustaining business at all. Instead, it is just a pump and dump machine for the sole benefit of PT (and family) and the toxic lenders.

Mexus is a flat-out stock promotion scheme, and not a real business.