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If MMEX built its CDU and it operated to produce diesel etc. as proposed, it would be very profitable. Therefor, financing is totally attainable. IMO.
You got it right. It was always about the financing. If MMEX gets financing investors make money. If not, investors lose money. Its as simple as that. We can talk about a lot of things regarding this project, but it all comes down to financing. Financing = refinery. With a float like this (and even much higher) a refinery = money. Period.
Well now... getting a little volume fo a change. Nice start.
You have to ask why he would do that. He's not profiting from it as far as I can tell... no PPS increase, no flood of shares going on the market. So where's the benefit from saying something and not following through. I don't know. May be a delay and he's waiting for something to materialize. Your guess is as good as mine. All one can do is hold and wait.
All that has changed here is the timeline folks. Nothing else. So we're a bit behind. Ok, a lot behind. But that doesn't mean its over. Not by a long shot. I'll be staying the course until a CDU is built on the land the MMEX still has, with the permits that MMEX still has, and will sell the diesel to folks that MMEX still has an agreement with etc. etc. etc. .
Lol. Yup. But I will hold and see what happens. Well, no choice but to hold cause no one is buying. Maybe tomorrow... .
Time to wake up Mr. T. What's ya gotta say for yourself? Are you in business or not? Any of those LOIs fulfilled? Any partnerships on the go? Are we making money yet? This is a publicly owned company man. Let the public know what you know.
I like the positivity. If they are involved with any service industry in the Permian, in any way shape or form, they are making money. Earlier mentioned acquisitions and partnerships indicate they are. We just need to know for sure. If they did half of what they said, we're sitting on a soon to be runner here.
True. But we live in hope here at the OTC Market.
WHY did someone just clear the ones? Hopefully because they know something good is about to happen.
And waiting.... . Hopefully soon.
I don't think the latest letter from the company will help here. Quite the opposite I'm afraid.
Only 42 mil right now... that's awesome!
MMEX
I just sold all my free shares at .0001. This is taking too long and the price is being propped back up to .0002 with a small buy each time it goes to .0001. Makes me a little suspicious. Good luck everyone. I hope you make some money. I did ok, but not as good as I hoped for. GL. I'm out.
I don't know, but there are some BIG companies out there who plan to spend BIG money in the same area over the next few years. Lots of good articles out there regarding this. IMO
MMEX
Hit the nail on the head!
MMEX
Its only a scam until its not. I have a few million for when its not. Some day it will be not a scam. IMO
Hopefully that information is updated soon. They're working on it as per CEO. Who knows? It could happen...
Verified profile, Transfer agent verified.
Nothing anyone can say will rush Tecco, or do anything really. Yes its been a long wait, but maybe at some point it will pay off. Maybe tomorrow. No one but Tecco really knows, and he's not talking. Momentum can pick up very quickly here on the OTC. Its a game of patience.
Any idea why this would have been filed just recently (on the 15 i think)?
http://google.brand.edgar-online.com/displayfilinginfo.aspx?FilingID=13232190-1798-16516&type=sect&TabIndex=2&companyid=771524&ppu=%252fdefault.aspx%253fsym%253dQBAN
This is one of the Bios on ELTZ website. Impressive.
I'm not sure if this, and the other bios, was on the website for a long time or not. However, they all seem well educated and involved in industry.
CRAIG DEARMOND
He has provided drilling and operational consulting for operations in Texas, New Mexico, Oklahoma and Colorado for such companies as Oxy, COG, Kinder Morgan, Whiting O&G, Pogo O&G and many others.
Mr. DeArmond is presently the CEO of Carter County Resources, Inc., providing consulting and operational services to COG, Anadarko, Energen, Energy-Transfer, Two Rivers and other independent oil and gas operators.
Until it's not....
Mere fumes from that 5B contract will set this off. That's a lot of money. Holding my 1s for the big payday. IMO.
Ya, these types of people believe what ever they're told. Uneducated. Probably haven't researched anything in their whole lives. I might sell at a loss tomorrow, but at least I salvage some of my ill-spent retail investment money.
Not a shell company.
If today was the first time I heard about MMEX, I check out the OS, the current PPS, find out what they've been doing... do they have permits, do they have land etc. Then I'd quietly, like the cat that just caught the canary, buy, buy , buy what ever MMEX I could get my hands on! Absolutely would.
MMEX
Presentation has been 8-Ked also. That matters. IMO
Well, that's what its worth to the lenders. 5 BIG ones. How ever you slice it, that's what it means.
$5,000,000 of the equity component already contributed by MMEX. I think that's pretty huge. Our money has not been spent in vane.
MMEX
Possible. Just throwing it out there.
I don't suppose we were all suckered here into buying a few million more 1s and 2s to keep the payroll going for a bit longer. Something not right here.
Me too.
I wonder if QBAN still holds 28% interest in that oil field there in Louisiana I think. I don't know if its a producing oil field or not, but I can't seem to find anywhere stating that they've sold it. Just a question...
Great metaphor!
And news is still forthcoming. This is one is going to be a real chaser shortly. IMO
Go to telcocuba.com. Its listed as one of their business units.
Oh yes it was. Verifiable. And it will be again. IMO
MMEX
Me too. But I'm in no rush to sell my millions of free shares. This one could go somewhere if i have patience. Folks, don't let people scare you into selling your QBAN shares early. this one is going to rock IMO.