Replies to post #37849 on Mexus Gold US (MXSG)

[learningthetruth]

DILUTION IS DONE....PERIOD!

Love how the Naysayers are upset the loan didn't convert...really ruined their scripts for the next several months....LOL!!!

[gitreal]

Did PT sucker a long into loaning money to pay off the Mother of all Notes? Is that what you are saying? How would you know that?

[T-Hawk]

You assume that the refinancing is in the form of a loan, worse than before, with absolutely no information upon which to make that assumption.

Yes at the end of the day it's an assumption (but so is production and sale of gold as they have not been proven).

However, using reasonable deduction and logic, I beleive it is a safe guess to think the loans are not based on more favorable rates. Why? Becasue any financial instituion will want to review the company's recent financial filings. In this case the main consideration in deciding whether or not to issue a loan would be based on to the most recent 10-Q. Those filings will show no prodcution and a substational amount of debt that was not paid off with cash, but allowed to convert into shares.

Without any way to substantiate and /or demonstrate income or any other reasonable way to pay off the loan (e.g. collateral), it is very unlikely Mexus would be able to get a loan via traditional lending methods.