From what I am reading, the alcoholic (white frothy) flux comes from a bacterial canker associated with previous stress to the tree. The microorganisms in these cankers apparently produce both gas and alcohol during the fermentation of sap. Apparently common on elm, sweet gum and oak in the Midwest. (And apparently benign and is weather condition speciic.)
It does state that Mimosa trees can have a systemic infection of sapwood by Fusarium oxysporum f. sp. pernicosum (which is serious) but the frothy flux seems to be a secondary issue.
(My source is Diseases of Trees and Shrubs by Sinclair.
Hopefully, Treeseer will come back on and add some more insights for us both.
Sylvia