Replies to post #522 on Mexco Energy Corporation (MXC)

[littlefish]

Re NCEY- The balloon payment to Laurus coming up end of June looms large and you know how microcap lenders are with cash-strung microcap companies in gegnral: They rape them and then pillage them. Then they throw them on the fire. Ugh.
The results are improving, but still negative. And they are burning cash on top of needing to pay that balloon amount.
So IMO only it is a sketchy play.
With the 10% clause max ownership for Laurus, I am curious how the refi of balloon payment might look. But I'd only want to see it as a nonowner:) Not sure what damage may come of it.
That's my 10 minutes' DD worth (enough to turn me off of it but good luck).