Got him eating tacos in town. Marvelous log hut joint there. Heavy for him who likes soup or Chinese. Finished setting up the placer replacement operation all completed now awaits next week’s generator supply for loading and screening current and pumping. Some results will come from the next 10 day crew shift clean out. Simplest he can say is, “There will be scheduled demand on the 24th contract due date and his own plan is there will be payment as scheduled “.
“Walks like a duck, “Sold 50 shares”, “The sale of Mexus Enterprises S.A. de C.V.”
Note 4. Discontinued Operations
“On March 24, 2014, the Company resigned as the operator of the Joint Venture with Minerals La Negra S. de R.L. de C.V. and Trinidad Pacifica S. de R.L. de C.V. and “SOLD” 50 shares of the minimum fixed capital stock of Mexus Enterprises S.A. de C.V. to First Pursuit Silver de Mexico S. de R.L. de C.V. for the following consideration:
| i) | Assumption of $468,000 of accounts payable; |
| ii) | Payment of $100,000 and $100,000 on July 2014 and July 2015, respectively, on behalf of the Company to Minerales de Tarchi S. de R.L. de C.V. for lease payments under an exploration agreement; |
| iii) | 1,660,000 shares of common stock of Silver Pursuit Resources Limited; and |
| iv) | $4,000,000 due on or before March 24, 2015. |
The “SALE” of Mexus Enterprises S.A. de C.V. met the criteria for being reported as a discontinued operation and has been segregated from continuing operations for all periods presented.
The following table summarizes the results from discontinued operations:”
“In our opinion, the financial statements referred to above present fairly, in all material respects, the financial position of Mexus Gold US (An Exploration Stage Company) as of March 31, 2014 and 2013, and the related consolidated statements of operations and comprehensive loss, stockholders’ equity and cash flows for each of the years then ended and for the period from exploration stage re-entry (September 18, 2009) through March 31, 2014 in conformity with accounting principles generally accepted in the United States of America.
./s/ De Joya Griffith, LLC
Henderson, Nevada
July 11, 2014″
Auditors believe Mexus reports they DO NOT own the discontinued operation and reflect that to SEC in their opinion. Once again if you owned it and transferred for any consideration it stands as sale of an asset properly reported IAW GAAP.
I can agree it will pay to be flexible to keep fine relations with Atzek who have desired the San Felix for years and years. Would have to be as crazy insane as our RB Louts to pass it by. What swung the trick after a criminal Sonoran decade was our play acting “rich Investors” game and use of a wide open surveillance camera to catch the thieves. Them bozos even dumber than our dumbo dumbs. All they seem possible of is to so thoroughly ditto Kenneth and Oscar’s Mexus’s doom so they don’t even post. A radical Christian said, “You will know them by their fruits”; Matt 7:16 but some dumb broad once said, “At this point what difference does it make?” And oh yes. Paul believes it’s sold exactly as reported to SEC. He can’t enter the property for one. That’s about 9/10ths and signed contract the 10th.
BTW turns out what I am buying for North Pacific is a 20′ steel dry cargo worthy shipping container delivered to Walnut Grove from Oakland. 55K# loaded plus postage. My hope is ships back home fulla gold! 8
http://www.dsv.com/sea-freight/sea-container-description/dry-container