Replies to post #45377 on Mexus Gold US (MXSG)

[1manband]

And they sold $50K in unspecified equipment.

I noticed that, too. And it is a HUGE red flag, because their only equipment is related to the "mining operation". And selling that much equipment may be the confirmation that the operation is no more.

Also notice that the exact statement is "On June 23, 2022, the Company received cash proceeds of $50,000 for the sale of equipment". That is important, because it only details the cash proceeds, NOT the book value of said equipment (It should detail both, but I am sure PT is hiding most of the truth again). Chances are, the book value is much more than the cash proceeds. Which means....they might have sold off most, if not all, if their "mining equipment".

[T-Hawk]

Based on the recent week of non-compliance with filings, toxic lenders are likely a lot more nervous about handing over any more funds to Mexus. I'm guessing the number of toxic notes will either slow considerably (becasue no one is willing to issue one), or the terms will become significantly more unfavorable.