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1manband

04/06/21 12:46 PM

#41516 RE: F4Uvet #41513

Why expect them to move on the toxic loan lenders ?



Perhaps because THEY ALREADY ARE? Mexus is about to lose its source of funds it needs to stay alive.

The SEC is already charging them with being unregistered brokers. That has already put multiple toxic lenders out of business, with the rest fighting the SEC efforts. But the SEC isn't stopping there. They are changing the regulations which allow toxic convertibles to "tack back" to the issuance date of the debt for the converted shares, which is how the toxic lenders are allowed to convert and sell the shares the same day. By making them have to convert and hold through the entire required holding period (6 months for current SEC registrants, 1 year for non-registrants or non-current registrants), it effectively puts them out of business. That is why the toxic lenders are currently in full-on pump and dump mode with their borrowing clients, trying to wring as much money out of the existing loans before the SEC shuts off the tap.

I suggest you read these current SEC actions for proof of what I say:

https://www.sec.gov/litigation/litreleases/2020/lr24886.htm

https://www.sec.gov/rules/proposed/2020/33-10911.pdf