Mexus Gold US (MXSG)

[Captain Black Bob Blanco]

Quote “ With current owed monies not being paid out in cash it will free up 1-2 million $$ for drilling program and infrastructure enhancements. ”

But diluting current shareholder value with 1-2 Billion new shares is good??
That would be roughly 2.4-3.4 Billion shares outstanding. Not too hard to figure out that a reverse split will likely be coming soon after, possibly within that restriction period.

Didn’t PT already conduct a drilling program on top of Argo’s drill data?
Why not release the news first ? Then ask if people want to convert their debt to shares ? Shouldn’t be an issue if a credible JV or buyer is involved.
Reminds me of what Pelosi said about Obamcare. “We have to pass the bill so that you can find out what’s in it”
Sound like a scheme to get rid of debt with the noteholder taking all the risk, and losing any leverage if the deal falls through, and given Mexus’ s history of lying,….
Remember the promise Mexus made about no new loans after shareholders pooled their money and paid off a large note, followed by them signing a new toxic note 5 days later?
Remember this Pr?
November 1, 2021 / Mexus Gold US (OTC PINK:MXSG) ("Mexus" or the "Company) announced that revenue for the month of October totaled $128,000

Why was there no mention of that gold sold in the filings?
Just 2 examples .