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Where is the answer to this very “sensical” question? Why does Jack hanks share holder letter say different? Weeeeeeeeeeeeeee :)
That makes so much sense for MMEX right? Ridiculous
Why does Jack say Fort Stockton isn’t willing to put their hands in their pockets? Outlandish claims
Looks like Jack says they aren’t paying for anything per the new shareholders letter. Wonder where the misleading information came from????
What happened to the town of Fort Stockton pitching in for the project? Looks like Jack says no to those claims. News letter denies it entirely
This turned into a total dumpster fire. MMEX dreams
Wow they are going to dump this all the way back to sub penny. Go MMEX
492,698 of them surfaced after close as a sell at .1238
Second day in a row of this. I’m assuming dilution although I thought there was more time before the notes matured here.
Ihub is showing a 315,499 share sell after closing at .1517
So much for our recent uptrend. No financing and more toxic notes. Go MMEX
The news came out after hours yesterday. Today will reflect the first trading day of the news.
We all do. Simply Ridiculous
A lot of dumping the past few days.
What happened to the announcement?
GRDO is looking powerful here. Loaded 22s, 25s, 27s, and 34s. Holding all shares.
That’s get this bad boy built already lol. MMEX will prevail
We had a good day here with more accumulation. Looks like a break of 002 tomorrow is probable.
What a crazy day...I wasn’t expecting the EPC contract before the verification on the RS. What the hell are we doing about that? Lol
Wow! Great news today!
No RS happened on Friday and no word from the company.
Hanks is a numb nuts. He can't even deliver on a RS properly. Let alone address the share holders with what is going on. I suppose he did give us an announcement of the failed RS on finance day though. That was nice.
Wow nice news out. This is getting ready to blow
Any thoughts on how this will progress?
You are absolutely correct.
It's hard to say what the exact rationale is here. I agree that management is not stupid by any means. The only reason that I stuck with this stock is the fact that they bought out the convertible notes alongside the reverse split. It gives time to seed the plan while making it noted to shareholders that they intend to still pursue the plan. It's crunch time. Let's see if they have what it takes to do the impossible.
It would seem that the RS is at least delayed at this point. This certainly isn't a negative but "why" is the real question. You would think a update would be coming sooner rather than later on progress and financing. A lot of people are waiting on the sidelines. It's up to Hanks to come through or not.
News out
Good buys bouncing off of the .026 support end of day. Let's see if it can hold an uptrend from here.
Where did you hear this?
More accumulation in the .002s. Looking better and better. Remember no notes due for six months
Nice consolidation in the .002s today. This will head up from here.
No notes for six months is big news. It will be interesting to see where the share price goes in the next few weeks.
.002s didn't take long. Lots of buys with little selling today. Without notes this is free trading. This will pop hard soon.
Today traded well. If the conversions are over from all outstanding notes then we should see this in the .002s next week.
You might be right. The conversations took a break today. Hopefully that's the end.
It looks like dilution for sure.
"We did indicate that we wanted to up list to a major stock exchange as soon as we could qualify" So this reverse split is to up list to the MAJOR STOCK EXCHANGE. I didn't realize the OTCQB was a major exchange and oh yeah it did wonders for the company when they up listed months ago. I've been laughing about this all day.
I'm sorry to hear that man. Hopefully there is more to this story in a good way. Good luck to everyone in MMEX. Not sure what else to say about this.
Did Hanks really just drop reverse split news on the day we were waiting for financing news? Wow
This bounced just like a turd dropping. Nothing to get excited about.