The.below.paragraph.is.from.the.Oct,2.2020.news.release....What.it.is.stating.is....
Tino has a unresolved fraud investigation case against it as well as pending court proceedings. Tino is speculating that "IF" they can mine gold that has "EQUAL" value to there fraud case liability Tino may be able to repay there fraud case liability if proven guilty.
Quote from Oct. 2, 2020 news release:"Our Exploration Program includes an exhaustive Drilling Program in a known mining district of the State of Sonora. Sonora is the number one Gold producer in the Mexican Republic. Drilling our property could give us an estimated value of the fraud, which the accused must repay if proven guilty."End quote.
My take: Tino feels this fraud case is serious and the evidence against Tino is strong or they would not have factored in the gold to repay it. Tino may be using stock sale money to pay the lawyers litigating the fraud against it. Also, the amount being sought from Tino must be substantial which could result in bankruptcy. Tino does not mention if there is a "criminal fraud" case in conjunction with the pending civil case.
It would seem Tino is hemorrhaging money on lawyers and legal fees are a bad investment. How is Tino paying the lawyers? Where is the money coming from, stock sales? Is FINRA or the SEC involved? Bankruptcy, delisting?
News 
Market Data 
Discover 
