Replies to post #32742 on Mexus Gold US (MXSG)

[1manband]

Mexus has NOT paid off any of the Power Up notes. Instead, they took out new notes which were used to pay off the prior notes WITH MASSIVE PENALTIES.

They just rolled the debt forward and increased the amount every time. This quarter will be no different.

Mexus just keeps digging that debt hole deeper and deeper, but one day, without warning, it will collapse in on them and they won't be able to borrow any more money. When that happens, Power Up will start converting and dumping massive amounts of stock, which will massacre the stock price.

The SEC filings are factual about that.

[Aqua-FX]

So how did they pay them off with zero revenue?
Your definition of paid off is quite flimsy.

They either rolled it into a new loan or issued more shares. They did not pay it off with generated cash from operations Fact.

If Mexus would stop with all the proxy Messengers and kept their lip shut until they put out info the level of confusion would only be a 6 instead of 10

[gitreal]

The Company may repay the Note if repaid in cash within 30 days of date of issue at 110% of the original principal amount plus interest, between 31 days and 60 days at 115% of the original principal amount plus interest, between 61 days and 90 days at 120% of the original principal amount plus interest, between 91 days and 120 days at 125% of the original principal amount plus interest, between 121 days and 150 days at 130% of the original principal amount plus interest, and between 151 days and 170 days at 135% of the original principal amount plus interest.

Paying off a note at loan shark rates seems like a penalty to me.

This practice of endless toxic notes will catch up to them bigly.