Mexus Gold US (MXSG)

[T-Hawk]

speculation on my part, but that "little gem" may have the cause of the delay in getting the document out.

That may have been, but I'm guessing this was just as likely a contributing factor.


Notes Payable

On May 11, 2022, the Company issued a promissory note (“Note”) with a principal of amount of $70,300 bearing interest of 12% per annum to settle $70,300 in accounts payable due for accounting fees.



According to the 10-k Mexus has burned through over $300,000 in new notes/loans sold equipment since 4/1/2022. How is it burning through so much money if the operations are shut down?

Oh..... and no reference to a buy-out, JV partnership, creation of a Board of Directors or CEO search committee.

But don't worry, PT still got his $15,000/month ($180,000/annual) salary plus an additional 2 million shares per quarter comp package.