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Somebody just ran a bunch of stops. Sneaky!
Based on that, I may start unloading at $2.85
But wait. That video is like a year old. And everyone knows that it only takes three weeks to build a refinery. ;)
Yeah, this does tend to sell off on news. Been gapped and trapped many times. But this close to BLA and many distribution agreements on the horizon, I'm afraid if I follow the history and dump my shares, they will run away and force me to buy back higher.
Convertible debt is disclosed in 10-Qs and 10-Ks, all of which are on the company website and easy to access.
Many of the convertible notes have a floor of $0.03 per share. Some $0.08 per share. Some $3.00 per share. Affiliates of the directors also pledged their shares against a convertible note and for entering into the pledge agreement, the Company granted a ten-year option, effective as of December 11, 2018, to the Affiliates to purchase 2,000,000 shares of the Company’scommon stock at $0.08 per share.
It’s all in the filings, so everyone can read form themselves and assess the impact of the convertible debt without hype and unsupported scurrilous allegations aimed to erode at investor confidence. Yes, there will be some dilution. That's how start-ups raise cash to grow and build. But I’ll start "worrying" about dilution when we get to $0.05, which is hopefully sooner rather than later.
GLTAL
Beautiful stair step chart. GLTAL!
2019 network news video of $MMEX multi-year project.
Looking like the "pump" that wasn't. Could be just getting back on track after COVID related slowdowns to the project schedule. Be nice if the company would release some news.
What is the SESN connection? They are up for BLA approval this month.
What does that have to do with the price of tea in China?
The permit is available online, but nothing in it is germane to your contention on ESG vis-a-vis the business plan detailed in the shareholder letter.
Don't be scammed by misinformation.
Of course this is utter basher-fantasy B.S.
See slides in shareholder letter, including comments on TCEQ permit.
https://www.mmexresources.com/wp-content/uploads/2020/05/MMEX_Shareholder_Letter_05_05_2020.pdf
ESG Compliant Low Carbon Footprint.
John Newman @ Cannacord reiterated a buy rating in January and set a $5.00 price target. Hope this breaks out before the BLA on the 16th. $5.00 seems to be a very conservative number based on the market caps of similarly situated companies, but looks like it's going up from here one way or another!
$2.24 AH high. Not just a few trades, either.
Still no evidence, only pointing to your own history of relentless posts that merely bleat scam, scam, scam, over and over again. Being listed on OTC is not even close to evidence of a "scam." What can you share about project status? About GS Capital? About the largest O&G EPC in West Texas running the project?
Charts carry more weight than social media posts. You only make spurious claims without supporting evidence. Where is your actual evidence this is a scam? The market appears to disagree with you. That is a fact, not conjecture.
BlackRock!
It's on their radar screen.
https://www.reddit.com/r/WallStreetbetsELITE/comments/l5vk8u/mmex/
$MMEX still on OTC most shorted list but still moving up. Great squeeze potential.
OTC Short Report
$MMEX looks ready for a short squeeze. One of the most shorted OTC stocks. Buckle up!
Most Shorted OTC Stocks
They say the MMs they use are refusing orders, but they don't know why they are refusing orders. Swell.
Current project in Oil & Gas Journal. Serious trade publication. Saulsbury Industries is a big EPC in that region. VFuels is a well known OEM. Doesn't look like this is fairy dust. But do your own DD.
https://www.ogj.com/refining-processing/refining/article/14169010/mmex-resources-moves-forward-with-proposed-texas-refinery
Exactly. Very smart and responsible financing to scale up and increase REVENUE!
News today is a huge positive. This is not dilution. It is a private placement. It is an IPO of sorts. Wait until that sinks in.
40% Gap up out of the blue to 0.0089 then some more action following at 0.0078. Why?
It sure looks like it.
May be a combination of sell the news, ATM, market makers running stops, and this news...
why-nantkwest-is-jumping-today
SESN appears far ahead of NK on approval, and apparently the NK product is combo with BCG. Looks like the MMs and shorts had a field day over lunch but recovering some now.
What's the domain?
According to the FAQ today, one of the reasons for the increase in A/S was to satisfy convertible notes. Looks like the lowest conversion price is $0.01 with higher conversion prices above that.
They filed a Form D today for an offering of 45 shares of Series B Preferred Stock and 25 shares of Series B Preferred Stock in commitment shares, apparently to raise $45,000. So it doesn't look like the increase in AS is being used as a piggy bank right now. And it looks like the leadership has been forgiving the amount due under their comp packages.
Looks like a good time to buy. Revenue is on a contract basis, so I would expect some volatility for a developmental tech start up. But that's just me.
Maybe look them up on LinkedIn. What is your revenue expectation for a developmental stage company?
The question is why the Series A Supervoting Preferred Stock? Typical defense against takeovers. Why now?
Look at where the warrants are priced.
What's up with AH? Up to $1.37, but back down again. 600K shares traded AH.