Replies to post #45070 on Mexus Gold US (MXSG)

[1manband]

The market cap is meaningless due to the massive amount of toxic death spiral convertibles outstanding.

And no, you can bet the share count is not current. The toxic lenders keep dumping their shares into the market, and Mexus just replaces the converted debt with brand new toxic notes, each one with worse terms than the last.

The company has no value. The toxic death spiral is now accelerating, and it won't be long before the stock price drops so low they will need to reverse split. AGAIN. Assuming FINRA allows it, of course.