Mexus Gold US (MXSG)

[Captain Black Bob Blanco]

Argo jumped right in and did drilling and then jumped back out. Guess you have to ask yourself if you want to risk taking $97K worth of shares, vs the company paying you actual monies owed to you. If this deal is offered to all loan/ note holders, then it seems to me that it’s a great way for the company to get rid of all their debt, by issuing 100’s of millions, if not Billions of shares. $97K is 97 million shares for just your debt alone. For how long will the shares be restricted? 1yr, 2yrs? (Quote” I acknowledge that the shares may have temporary mandatory restrictions pursuant to the SEC regulations and the Corporations Act.
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If the drilling doesn’t pan out, you’ and others are stuck waiting and hoping for another JV, but Mexus is still debt free. Good deal for them. They can always pull another reverse split and start over.
If the “new people “ are offering PT such a great deal, why would Mexus not just pay you the money owed, and keep the share count lower?