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MMEX valuations.. Incoming merger values the assets alone with

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HokieHead Member Level  Saturday, 03/11/17 11:15:41 PM
Re: fireballka7 post# 8860
Post # of 48229 
MMEX valuations..

Incoming merger values the assets alone with current outstanding share count at $0.38, if all authorized shares were outstanding at $0.03-$0.05 a share..

WHEREAS, on the terms and conditions set forth herein, the Company desires to issue and assign to Purchaser a total of 7,000,000,000 shares in two tranches (the “Purchased Shares” or the “Shares”) to acquire the Project Intellectual Property Rights at a nominal valuation of US$ 344,459,120 constituting a share ownership interest in the Company to be determined by a valuation and fairness opinion issued by a third party independent consultant retained by the Company.

The valuation of the property rights are $345 million!!

Do the math: He took 7 billion shares for an asset valued at $345 million, or $0.05 a share!

Even if you took all the 10 billion shares and said they were outstanding you have just the assets valued at $0.035 a share!!!

$345 million/10 billion = $0.035.

THIS VALUATION OF THE PROPERTY ALONE IS WORTH $0.035 CENTS!

Also:

The Company as of this date has 906,923,522 issued and outstanding common shares, no preferred shares issued

With 907 million shares outstanding currently the assets alone should be valued at $0.38 a share!


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