re (fka MXSG), that is quite the doozy of a story, and false to the nth degree. In the vernacular, 'there ain't no stinkin way' (fka MXSG) can ever trade again without filing 2 full years of audited Financials when the reason(s) for revoking Mexus Gold's stock registration(s) were for severely delinquent Financials. Mexus can sell their assets but the private stock cannot be magically made into public stock with a CUSIP.
As you write, "I really, really, really want to know who their "legal counsel" is that gave them that "advice".
Since Jan. 1,2010 the SEC Admin Law Judges have revoked approximately 2,600 stock registrations whereby NOT ONE company ever traded again, notwithstanding the very few that re-registered with the SEC. I have not observed any company with their stock registration(s) revoked to satisfy Amended Rule 15c2-11 to regain quotations as an alternate reporting company....NOT ONE.
At the end of the linked post below are the few companies that re-registered with the SEC. Only 3 are still trading today, being CIRX at .01 after a one for 1,000 reverse split; JSHG that trades at .007; and ICCT that was the only successful re-registration that now trades on the Nasdaq after merging with FG Merger Corp. on a .033512 for one consolidation.
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