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it is hard to understand how we can have so much volume and very little price movement. We have a lot of confused folks in this.
Or does the Hired Firm give valuation of the class b shares (7 billion) and that dictates what Class A shares (1 billion) should be worth?
I think Mr. Hanks will want his shares to be worth as much as possible which means, Our shares will be worth as much as possible.
so this is my question.. The class A shares (around 1 billion) are going to dictate the price for the class b shares (7 billion) right?
because the class A shares are trading in the market, the class B will not trade?
how is this going to work?
I would be the happiest person on earth at that time if it does come.
Well I guess we wait 2 weeks for the terms of the RM. I can wait. It will not be under a penny at that time IMO.
2.4 milly my friend
time and sales, in your brokerage software,you should be able to right click symbol and open up time and sales for it.
911 signals today
911 is one of the MM signals
Google "market maker signals 911" and you will find it states that 911 in MM speak means incoming news.
100 > I need shares
200 > I need shares
badly but dont take it down to get em
300 > Take the price
down to get shares
....
400 > Trade it sideways based on Supply and Demand
500 > Gap one way or the other, usually to the direction
of the 500 trade. Sometimes -if in the middle -keep the price
right where it is
911 > News incoming
you have got to be the hardest headed dumbazz on this board, you have been told multiple times about this. you just repeat the same crap over an over again. 10 billion shares,,,, 10 billion shares.....you just can't read i guess....
My thoughts exactly. the land has been sucked dry and now worth a lot less. perfect for building a refinery on. Perfect use for land around wells.
Where is this from? this is new, first time I have seen that? did I miss it???? what the heck, that is fantastic if that is true.....
From the Article:
"This is a 20, 30, 40-year project," Hanks said. "We own the land. This is not a concession, this is not a lease. It's a long-term project, assuming the Permian Basin supply holds up, which we all think it does."
I got time guys..... Under a penny... Wow..... How can you not grab your ticket....
The float is low with 400 million being held by insiders. some folks have a lot of shares and will not sell until they see returns. This can move very well for everyone with due time. As of now we are getting rid of the low profit guys that bought really low, we will have a new base in which to jump from. Everything looks good here. I like it. Go MMEX baby.....
NIccccccceeeeeeee. Go USRM, love the technology.
I agree. Too much positive going on right with MMEX at this time. To get this under a penny is just crazy... what an opportunity this is.
maybe the land has been sucked dry already? its not worth the high price because she is empty..... now you put a refinery on it with cheap land..... perfect.....
wasn't that done to pay off the debt and secure 1.5 billion shares for Hank first before he did anything......... I would pay off debt and give myself security first before I filed anything for this venture.
around 500 mill to pay off debt, another 1.5 for security and another bill for other deals. 1.5 is restricted. so we burn through another 500 milly, with this volume we can do it, maybe we already did?????
sorry, not the daughter, but did see the link to the trust set up here, go in the past on here. I clicked it and saw it. we good bro... I beleive it was around 35k
MMEX Resources Corporation announced Tuesday that it plans to build a $450 million crude oil refinery near Fort Stockton, with 50,000 barrels per day capacity. Beginning the 18-month-long anticipated construction of the plant will, of course, depend on obtaining necessary Texas Commission on Environmental Quality (TCEQ) permits, as well as necessary financing.
According to MMEX President and CEO Jack W. Hanks in an interview Tuesday, however, they see permitting as the bigger hurdle. “We’re confident about the financing. You don’t release information like this until you’re ready, and we don’t believe there will be any issues in getting the needed financing.” Permitting, however is a different story. “We will only be dealing with TCEQ, within the state of Texas. Lobbying for permits just doesn’t work. You have to do the environmental studies, get it all together.”
Read my past posts on this subject please. I copy and pasted man....
Maybe he needs to finalize the property before he gets a permit for a property that HE DOES NOT OWN YET!!!!!! just a thought.....
You do not put shares in a trust for your daughter if your going to pull a fast one....
with this volume, there are not a lot of shares floating around. As time goes, it will get less and less and less. folks just won't sell. What happens then??????????????????
so I know of 4 million that are locked up.....
Holly cow, that is a lot of work right there. Good stuff man.
Trump says, screw that little animal, build the dam refinery, he will move when the bulldozers get there. I guarantee it.
I hear ya, I just want folks to know that they will not be for sale and not to worry about the float.
I am thinking the dividend on 2 million shares of a refining company sounds pretty good for the family for generations....that is how you start a rich family... may not be you, but your kids will thank you.
Just in case you need more clarification of said statement.....
(c) Absent an effective registration statement under the Securities Act of 1933, as amended (the “Securities Act”) covering any proposed disposition of the Shares or any part thereof, it will not offer for sale, sell, transfer, assign, pledge, hypothecate or otherwise dispose of any or all of the Shares without first providing the Company with an opinion of counsel to the effect that such offer, sale, transfer, assignment, pledge, hypothecation or other disposition will be exempt from the registration and the prospectus delivery requirements of the Securities Act and the registration or qualification requirements of any applicable state securities or blue sky laws, except that no such registration or opinion will be required with respect to: (i) a transfer not involving a change in beneficial ownership, or (ii) the distribution of any of the Shares by the Purchaser to any of its partners or retired partners or to the estate of any of its partners or retired partners, members, officers and directors.
mic drop.....That is the 7 billion shares folks
The 7,000,000,000 shares can't be sold or transferred folks.
“THE SECURITIES EVIDENCED BY THIS CERTIFICATE HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “ACT”) OR WITH ANY SECURITIES COMMISSION UNDER APPLICABLE STATE SECURITIES OR BLUE SKY LAWS AND HAVE BEEN ACQUIRED FOR INVESTMENT PURPOSES ONLY AND NOT WITH A VIEW TO, OR IN CONNECTION WITH, THE SALE OR DISTRIBUTION THEREOF. SUCH SECURITIES MAY NOT BE OFFERED FOR SALE, SOLD, TRANSFERRED, ASSIGNED, PLEDGED, HYPOTHECATED OR OTHERWISE DISPOSED OF UNLESS THERE IS AN EFFECTIVE REGISTRATION STATEMENT UNDER THE ACT COVERING SUCH SECURITIES OR THE ISSUER RECEIVES AN OPINION OF COUNSEL STATING THAT SUCH SALE OR TRANSFER IS EXEMPT FROM THE REGISTRATION AND PROSPECTUS DELIVERY REQUIREMENTS OF THE ACT.”
They are not going to hit the market, this is so he keeps control of said company. The float with stay the same. Relax folks, this looks better and better.
WHEREAS, Purchaser wishes to contribute the Project Intellectual Property Rights to the Company in exchange for the Company common shares;
you know what this means? It means I am giving this company my personal assets and I want shares to be sure I keep the value of those said assets with me and I don't want anyone to take them from me without me wanting to part with them. As in no take over by buying majority of shares in said company either. Not for sale.
folks got scared on the 8k. I was excited. I can read what it said.
In my experience with looking at company's is look who is calling the shots.... have they done this before, what is their track record, have they got financing before for a project? Are they successful in the past? then i ask myself, can they do it again?
can they?
ya but that is a oil company, how about refiner's?
is there any chance that this company will pay a dividend in the future?
I hear ya. it just the times in which we grow up in that sets the biggest impression. Later years, you go get em..... that is why Fast and Loud is so popular, we all love that stuff.....
for me it was the 300zx turbo. I had 2 of them, Both Gems. 1984 anniversary edition and the 1988 shiro. both had 42k and 43k on them. Both perfect. Both in my 2 garage with covers on them 5 days a week. Brought them out weekends to enjoy.......
Word..
by the way, I love the IROC Z, i grew up at the arcade with a Cat driving a bright red one that hung around. I just stared every time... sweet ride....
This opportunity is like a Stranger walking up to you and saying: Hey Man, Im going to go over there and dig up some gold, If you hand me the shovel, I will give you 30%.
Let that sink in a sec.....
Will you hand him the shovel?
so here is as I understand this:
MMEX is an Old shell company Hank owns that is worth 0. He is going to make it kick ass by putting some personal assets he owns in it as collateral for financing for the Refinery. He issues himself some shares to be sure he keeps his property in the family that he already earned. He gives us the ability to piggyback his investment in his own property and New ventures such as the refinery challenge by MMEX. Wow. This is the Best Opportunity I have ever seen in Pinks....... this guy has proved he can do this. He has already done it before.
When you invest in company's, you invest in people. What has the person done who is running the company? That will tell you what to expect on their next venture........ so what does your DD tell you?
Why give your daughter shares in this company in a trust?
Its perfect. He is thinking long term here. This thing will do nothing but produce revenue 24/7 in an area that will welcome it with open arms. I love it. GLTA