I’m catching hell for asking obvious questions as if were a total unkown occurrance. Actually I was asking by e-mail to forestall in writing what another investor was making phone calls about with total run around It told them NOTHING new and speed to reply made that quite obvious. I’m of supreme confidence it WILL be a subject at the 05/08 Vancouver annual. I represent none but we small and large holders . I am assured placer report will be as announced, good. Today at 3:40 PM
“So are we screwed or is this internal for now? Does he have a leg to stand on . I got firm feeling he does not want San Felix back. Do you doubt now that we had a sale and contract?”
From Dec 31 10Q.
| Impairment of marketable securities | 96,150 | - |
From 10K Mar 31 .2014
| March 24, 2014 | ||
| FAIR VALUE OF CONSIDERATION RECEIVED: | ||
| Assumption of accounts payable | $ | 468,000 |
| 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 (1) | 178,939 | |
| 1,660,000 shares of common stock of Silver Pursuit Resources Limited (2) | 96,150 | |
| $4,000,000 due on or before March 24, 2015 (1) | 3,448,276 | |
| Less: Allowance for amount due from First Pursuit Silver de Mexico S. de R.L. de C.V. (3) | (3,627,215) | |
So was no mystery and a valueless arrangement but not on Mexus side but must consider $468K accounts asumed and $100K explore agreement paid. 8