MMEX Resources Corp (MMEX)

[samsamsamiam]

I never said Rockwell Capital was still in - they sold a boatload of free trading shares in exchange for debt notes of Gauger and M&K CPA and a few others. Notes that were not so aged.


And walked away with a tidy little profit at that.

Settlement Agreement
 
As discussed in Note 11, on October 28, 2016, the Company entered into a Settlement Agreement) with RCP. Pursuant to the Settlement Agreement, as amended, RCP has purchased certain outstanding payables from the Company for shares of common stock of the Company.
 
The Company’s creditors received a total of $84,782 pursuant to the Settlement Agreement. Beginning in November 2016, we have issued a cumulative total of 489,000,000 common shares pursuant to the Settlement Agreement and, as of March 9, 2017, have terminated any further obligation to issue shares. Our creditors will not receive further funding from the Settlement Agreement.


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