Doubt is true. Meantime the speedster he traded in for Lil Bastard in Hollywood was my combat tour ’66-’67 lucky piece long as I could keep it on the road. Germany said no in ’71 and would not license it for road use then trashed it. Flying just above runway on a touch and go at Spang one day I glanced to left and saw it loaded on a salvage trash truck. Said, Oh well , Germans are NOT know as sentimental souls and never much admired James Dean there in the early 70’s. But here’s # 23 when he had it.
https://www.google.com/search?q=Jame+Dean+speedster+racer+23&rlz=1T4GUEA_enUS603US603&tbm=isch&tbo=u&source=univ&sa=X&ved=0CCwQsARqFQoTCP_E84TQpMgCFUehgAod0gQNMg&biw=1600&bih=684
To
Don Phillips
Sep 29 at 1:10 PM
Depending on whether the San Felix pans out in the near future a largely depressed share price could be conducive to some type of share buy back. For example, 1 million dollars equates to almost 100 million shares. More than 25% of the outstanding shares. With 3 million dollars left if the lawsuit does indeed pan out. Wouldn’t be a bad idea. Advantages do arise when the entire company is valued at less than the cash owed to Mexus.
Just a thought when not much else is going on.
Be more important to use revenue to pay off current loans so no more conversion needed. Always risky reverse can be considered but with steady income has support for small number reverse as new PPS. But there’s no harm in current issue well under 500 mil authorized. Here’s Rob’s idea for possible importance MUX about 300 mil issued and below $1 listing on NYSE where Mexus is not even close on the OTCQB. Along with what affects a delisting to lower trade markets. 8
MUX 10Q
“The NYSE may allow the Company’s common stock to remain listed in the interim period between January 4, 2016 and the Company’s next annual meeting of shareholders, expected to take place in June 2016, to allow shareholders to approve proposed corporate actions, including a reverse stock split, that would allow the Company to regain compliance with the minimum bid price requirement.
If we continue to fail to meet all applicable NYSE listing standards in the future and the NYSE determines to delist our common stock, the delisting could adversely impact us by (i) reducing the liquidity and market price of our common stock; (ii) reducing the number of investors willing to hold or acquire our common stock, which could negatively impact our ability to raise equity financing; and (iii) limiting our ability to use a registration statement to offer and sell freely tradable securities, adversely affecting our ability to access the public capital markets. A delisting could also impair the value of your investment.”