MMEX Resources Corp (MMEX)

[jmjjw]

There is no substantive evidence that MMEX can execute on this talk.

It might interest you to know that the MMEX refinery will be built.

All that exists at present is a small mass of empty PR. Actually financing and building a refinery takes experience, not only in the business, but in financing it. MMEX has neither.

As previously offered, and supported by substantive evidence from reputable organizations like AFPM, current for 2017, there are only three CDU's in Texas. One is shuttered, one is nearing bankruptcy, and the third, a Kinder-Morgen operation, is an upstream operation for its own system.

A CDU cannot generate positive cash-flow. This is well-understood, and well-documented in the industry. Anyone with two neurons to rub together can obtain that due diligence with very little effort.

No entity with the capability to support a $30M - $50M financing would invest in an activity that is doomed to fail out the gate - MMEX's estimate of $50M overstates the cost of a CDU by roughly $20M, a clear and glaring problem, just one of many in its "plan."

They've chosen an unknown entity, VFuels, to "design" the plant, which has zero industry track record of delivering modular refining capability.

The MMEX management team has a history of failed execution, questionable financial schemes, and is at best marginal - no serious financing entity would step up to the plate on this scam.

There are a multitude of reasons why MMEX is doomed to fail, if in fact it has any legitimacy at all. As a share selling scheme, it is so far effective, but like all such schemes, when the music stops, and it will stop, there will be many without a chair.

So, respectfully, I have no "interest to know that the MMEX refinery will be built." I have a clear, and concise, fact-based understanding that it won't. The preponderance of evidence, engineering, and market facts point to that single outcome.