Replies to post #43703 on Mexus Gold US (fka MXSG)

[gitreal]

You said the note was "paid off". By being converted to shares, not by being paid off with cash. Just wanted to clear that up.

Also, two $60k shipments a month plus one toxic note a month will be enough to stay afloat?

Didn't they lose $800K last quarter? Actually it was $864K, even with some gold sales.

[T-Hawk]

Wxdog, you of all people know that semantics matter with Mexus. They like to flirt with ambiguity and create implications that may or may not be there.

In your post the term, "Paid" off" is an ideal example of the struggles between the longs and basement dwellers. The longs will argue that it is technically correct to call the loan "Paid off". The basement dwellers contention is "paid off" infers the company settled in cash. In their eyes a more appropriate term would be the loan finished conversion.

Neither side is wrong. But in my opinon those details matter to folks looking to invest. A company that pays off loans wth cash on hand is, in most cases, on stronger financial footing than a company that pays off loans via stock conversion or using new debt obligations.

I look at it this way if I used my Master Card to pay the balance due on my Visa card, I didn't pay off my Master Card debt, I simply transferred the debt to a different creditor.

You’d think they would be a little sharper than they pretend. Pretty obvious (to me at any rate) when note conversions (diluted shares dumped into daily trading action) are completed.