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MMEX...Patience PAYS...Mr. Jack Hanks KNOWS when and WHY to expect Very BIG things with MMEX!
https://ih.advfn.com/stock-market/USOTC/mmex-resources-corporation-MMEX/stock-news/81042132/statement-of-changes-in-beneficial-ownership-4
In the midst of every crisis, lies great opportunity! He's got a LOT of Skin In The Game - Get Ya Some - Don't Snooze and Lose - Get PAID in a Big Way!
Ignore the bloviators and follow the smart $$$$$ of Accumulators!!
"This is a great project. It has robust economics in it." - Jack Hanks
https://www.mmexresources.com/
MMEX RESOURCES
Leveraging Global Demand
for Energy Assets Located in the Americas.
Take care of the Pennies, Nickles & Dimes and the MMEX $$$$$$$$$$ will take care of THEMSELVE$!!!
MMEX...Good to hear there may now be up to 4 CDUs built...MMEX will then scale up to the 100k/bpd Full Scale Refinery much much easier as the revenue streams increase exponentially = BRILLIANT
Notes will be Paid!
CDUs and Refinery will be built!
Share Price will improve GREATLY!!
Checkmate!!!
"This is a great project. It has robust economics in it." - Jack Hanks
https://www.mmexresources.com/
MMEX RESOURCES
Leveraging Global Demand
for Energy Assets Located in the Americas.
Take care of the Pennies, Nickles & Dimes and the MMEX $$$$$$$$$$ will take care of THEMSELVE$
Ridiculous nonsense and more bloviated BS...There is no longer a need for S-3 registration with MMEX when $340 million in financing is on tap = 'Bridge' crossed and MISSION ACCOMPLISHED...'Advantage' MMEX!
Notes will be Paid! Refinery will be built! Shares will increase in price!
Checkmate!!
"This is a great project. It has robust economics in it." - Jack Hanks
https://www.mmexresources.com/
MMEX RESOURCES
Leveraging Global Demand
for Energy Assets Located in the Americas.
Take care of the Pennies, Nickles & Dimes and the MMEX $$$$$$$$$$ will take care of THEMSELVE$!!
MMEX...IMO 2020 compliance requires 0.50% (5,000 ppm) or 0.10% (1,000 ppm) sulfur limits!
West Texas intermediate (WTI), also known as Texas light sweet, is a grade of crude oil used as a benchmark in oil pricing. This grade is described as light crude oil because of its relatively low density, and sweet because of its low sulfur content.
WTI is a light crude oil, with an API gravity around 39.6 and specific gravity about 0.827, which is lighter than Brent crude. The API rates light oil as 41° API. WTI contains about 0.24% sulfur, thus is rated as a sweet crude oil (having less than 0.5% sulfur).
From 1 January 2020, the limit for sulphur in fuel oil used on board ships operating outside designated emission control areas will be reduced to 0.50% m/m (mass by mass).
MMEX...Contrary to some reports, oilsands crude, partially upgraded oilsands crude, and synthetic crude are ideal feedstocks to produce low-sulphur marine fuels because one barrel of such crudes produces significantly more Middle Distillate Oil(MDO) and Heavy Fuel Oil(HFO) than one barrel of light sweet crude.
Processes to remove the sulphur in oilsands crude or partially upgraded oilsands crude (synthetic crude is already low-sulphur) would need to be installed at the oilsands or at the refinery.
Which is the reason why MMEX is in the Permian Basin building a refinery!
Conversion to low-sulphur Marine Diesel Oils or use of blends which meet the IMO’s 0.50% (5,000 ppm) or 0.10% (1,000 ppm) sulphur limits; may require some minor engine modifications but little or no change to fuel systems, fuel storage, or to GHG emissions will meet the IMO’s 0.50% (5,000 ppm) or 0.10% (1,000 ppm) sulphur limits to reduce Sulphur Oxide (SOx) emissions for ships and ship owners.
"We are excited to announce we have entered into agreements with two strategic firms to implement our crude oil distillation marketing strategy, one is with a super-major international energy and trading company to purchase our IMO 2020 compliant marine fuel and the other is with an international company to provide logistics to move our future products from West Texas Permian Basin to Texas Gulf Coast markets by rail. Our strategic partner for Marine Fuel has a call on any expansion and future production, which gives us the incentive to start planning expansion. With rail, we can employ many options to move products to multiple points of delivery, increase delivery volumes easily, and it gives us the flexibility to move refined products back to the Pecos County site to ship crude by rail when the economics are favorable. All of these are an array of market options not available by pipeline fixed shipping points, destinations and single direction flows. And, most importantly, we will be able to do all of this at the same time to meet market demand."
Significant need for a refinery capable of processing “lighter” crude!
Steady supply of crude feedstock in the Permian Basin!
Access to wholesale and retail markets in United States, Mexico, Central America and South America!
"This is a great project. It has robust economics in it." - Jack Hanks
https://www.mmexresources.com/
MMEX RESOURCES
Leveraging Global Demand
for Energy Assets Located in the Americas.
Take care of the Pennies, Nickles & Dimes and the MMEX $$$$$$$$$$ will take care of THEMSELVE$!!
MMEX...You've Been BLESSED!!!
MMEX...Sure is a LOT of BUYING for a No Bid stock...Hmmmmm
Why? For No Bid?!?!
Would note holders really want to kill their golden goose? I don't think so!
Flippers and retail certainly didn't buy over 800 million shares yesterday and over 200 million shares today when the previous 2 days could hardly muster 5 million shares.
Hmmmmmm
Looks like just more Match & Wash Trade manipulation, aka negative Window Dressing going on to Corner the market!
Section 9 of the Exchange Act of 1934 concerns market manipulation, and Section 9(a)(1) deals with creating false and misleading appearances with respect to the market for any security. This is mainly through the prohibition of wash trades and matched trades.
Wash trades are those where there is no change in the underlying ownership of a security.
Matched trades are orders for the sale or purchase of any such security where a corresponding order of substantially the same size, at substantially the same time, and at substantially the same price, for the execution of the other side has been or will be entered by or for the same or different parties.
Hmmmmmm
There are usually active Shorts where there is active note holder dilution and 800M shares were certainly being Bid for a reason...Hmmmmmmm
https://www.mmexresources.com/pdf/9_19_19_Stockton_Pioneer.pdf
In the past MMEX has borrowed to pay off note holders, so with $340 million in financing currently being worked on they will likely pay off the remaining note holders, then proceed to start releasing the details of the major valuation development deals of significant importance they've negotiated!
https://www.barchart.com/story/stocks/quotes/MMEX/news/3274642/view
Such announcements and moves will bring a lot more action/liquidity and investor confidence into play going forward!
Nobody can legitimately accuse MMEX of being a 'scam'!
When the dilution ends and Financing plus a Valuation is confirmed, the MMEX share price and 20K - 100K/bpd refinery revenues will go BOOM!!!
https://www.mmexresources.com/news-videos/news-press-releases/
"This is a great project. It has robust economics in it." - Jack Hanks
https://www.mmexresources.com/
MMEX RESOURCES
Leveraging Global Demand
for Energy Assets Located in the Americas.
Take care of the Pennies, Nickles & Dimes and the MMEX $$$$$$$$$$ will take care of THEMSELVE$!!
MMEX...You've Been BLESSED!!!
MMEX..."This is a great project. It has robust economics in it." - Jack Hanks
https://finance.yahoo.com/news/mmex-resources-proceeds-pecos-county-120700426.html
$340 million in potential project financing to construct Its Permian Basin refinery projects and terminals = Robust Economics!
Processing 20k/bpd of Crude Oil into Diesel/Marine Fuel, Naptha and Residual Fuel Oils = ROBUST ECONOMICS...All of those products costs are at RECORD HIGHS!!
'Agreements have already been reached with a SUPER-MAJOR ENERGY AND TRADING COMPANY' and 'Deals Have Been Inked' with 'EXTREMELY STRONG BALANCE SHEET BUYERS' which guarantees a market for the MMEX's future production and greatly improves chances of them getting financing for their projects...The revenues/profits generated from initially processing 20k/bpd can be only be described as VERY ROBUST ECONOMICS!!!
All of this greatly builds and proves Jack Hanks' credibility!
Bloviating, calling names and making juvenile references doesn't build credibility!
“Texas is No. 1 … We are the No. 1 oil and gas producing state. If we were our own country, we would be the 10th-largest producer in the world. We have surpassed nations in the Middle East … and a lot of that has to do with what happens right here in the Permian Basin.”
Take care of the Pennies, Nickles & Dimes and the MMEX $$$$$$$$$$ will take care of THEMSELVE$!!!
https://www.mmexresources.com/
MMEX RESOURCES
Leveraging Global Demand
for Energy Assets Located in the Americas.
Get Ya Some...You've Been BLESSED!!!
Hmmm...800M shares on the Bid - WHY? - Simple to understand...Follow those that Accumulate...Ignore those that bloviate!
That Is All.
Take care of the Pennies, and the Nickles Dimes and MMEX $$$$$$$$$$ will take care of THEMSELVE$!!!
"This is a great project. It has robust economics in it." - Jack Hanks
https://www.mmexresources.com/
MMEX RESOURCES
Leveraging Global Demand
for Energy Assets Located in the Americas.
MMEX...You've Been BLESSED!
Nonsense...800M shares on the Bid clearly says otherwise!
MMEX along with GS Capital Partners LLC & Vista Capital Investments LLC clearly know better as well since the 15 MILLION Series A Preferred Stock shares GS Capital Partners, LLC. own are valued at approx. $0.04/shr against their $600k debenture...Hmmmmm = Mmmmm - Mmmm - GOOD!!
http://www.fortstocktonpioneer.com/stories/mmex-refinery-aims-for-2020-opening,22465
“We know about construction, development, and financing...This is not a complicated project. But no one has done it before (in the U.S.) that is really just like it. There's a lot of noise from people sitting on the sidelines – 'how do you know it will work', 'why isn't it built yet', 'why don't you have the financing yet?'”
“Look, we did this in the middle of jungle in Peru. We can do it here.”
"The Peru refinery was built on time and on budget in 18 months, but it took two years the get everything to the point that construction could start."
https://www.mrt.com/business/oil/article/MMEX-completes-deals-to-sell-all-products-from-14089467.php
"This is a great project. It has robust economics in it." - Jack Hanks
https://www.mmexresources.com/
MMEX RESOURCES
Leveraging Global Demand
for Energy Assets Located in the Americas.
“Texas is No. 1 … We are the No. 1 oil and gas producing state. If we were our own country, we would be the 10th-largest producer in the world. We have surpassed nations in the Middle East … and a lot of that has to do with what happens right here in the Permian Basin.”
Take care of the Pennies, Nickles & Dimes and the MMEX $$$$$$$$$$ will take care of THEMSELVE$!!!
MMEX...You've Been BLESSED!!!
MMEX...Yesterday was just $4k in Sells vs. $4k in Buys...Oooooooo 'freaky'!
The day was a total 'WASH' TRADING day!!
“Texas is No. 1 … We are the No. 1 oil and gas producing state. If we were our own country, we would be the 10th-largest producer in the world. We have surpassed nations in the Middle East … and a lot of that has to do with what happens right here in the Permian Basin.”
https://www.mmexresources.com/
MMEX RESOURCES
Leveraging Global Demand
for Energy Assets Located in the Americas.
"This is a great project. It has robust economics in it." - Jack Hanks
Take care of the Pennies, Nickles & Dimes and the MMEX $$$$$$$$$$ will take care of THEMSELVE$!!!
MMEX...Wash Trades...No need to worry...Someone is Accumulating for a BIG score!
Very little Retail buying here now...MMEX share price and trade data is being manipulated for the benefit of Note-holders = Get Ya Some!!!
Let's see: No trades were done until 1 hr. after Market Open today, when a 137M share "dump" to the 200M share Bid within a 5 minute time frame occurs at 10:35...Hmmmm...THEN bid drops to .0001 and 114M BUYS start to hit the .0002 Ask approx. 4 seconds AFTER supposed "dump"?!?! (smh)
https://ih.advfn.com/stock-market/USOTC/mmex-resources-corporation-MMEX/trades
Then at 14:06 we see a 25M share SELL at .0001...Then more buying at the .0002 Ask followed by another 25M share Sell 90 minutes after the first 25M share "dump"...Followed by more buying and finally an approx. 6M share Sell at the .0001 Bid (which took 14 trades in 5 seconds and 13 of the 14 were at the exact same time)....Hmmmm
The total dollar value of shares allegedly "dumped" at .0001 is approx. $5600 = No Big Whoop!
Furthermore, the dollar difference between Buys and Sell is negligible relative to the amount of shares being traded and the low number of shares that actually sold at .0001 as the MAJORITY of all Buys and Sells occurred at .0002...lol
Ask yourselves: Who has been sitting on the BID for 100s of Millions of shares and WHY? Plus, why did the Ask get pounded today if this is a "scam"?
Hmmmmmmmm
I wonder what GS Capital Partners LLC & Vista Capital Investments LLC think.
“Texas is No. 1 … We are the No. 1 oil and gas producing state. If we were our own country, we would be the 10th-largest producer in the world. We have surpassed nations in the Middle East … and a lot of that has to do with what happens right here in the Permian Basin.”
"This is a great project. It has robust economics in it." - Jack Hanks
https://www.mmexresources.com/
MMEX RESOURCES
Leveraging Global Demand
for Energy Assets Located in the Americas.
Take care of the Pennies, Nickles & Dimes and the MMEX $$$$$$$$$$ will take care of THEMSELVE$!!!
MMEX...You've Been BLESSED!!!
MMEX...All that oil has to be refined - Right?
"This is a great project. It has robust economics in it." - Jack Hanks
https://www.mmexresources.com/
MMEX RESOURCES
Leveraging Global Demand
for Energy Assets Located in the Americas.
MMEX...You've Been BLESSED!!!
Re: MMEX...GS Capital Partners LLC & Vista Capital Investments LLC clearly know better!
https://ih.advfn.com/stock-market/USOTC/mmex-resources-corporation-MMEX/stock-news/80160861/statement-of-ownership-sc-13g
https://ih.advfn.com/stock-market/USOTC/mmex-resources-corporation-MMEX/stock-news/80460336/current-report-filing-8-k?_ga=2.238338944.1800816731.1566826988-1109656013.1530535471
"This is a great project. It has robust economics in it." - Jack Hanks
Jack W. Hanks and Bruce N. Lemons have laid their cards on the table and have also put their money where their mouth is!
https://ih.advfn.com/stock-market/USOTC/mmex-resources-corporation-MMEX/stock-news/80562487/information-statement-all-other-definitive-def-1
“Texas is No. 1 … We are the No. 1 oil and gas producing state. If we were our own country, we would be the 10th-largest producer in the world. We have surpassed nations in the Middle East … and a lot of that has to do with what happens right here in the Permian Basin.”
Take care of the Pennies, Nickles & Dimes and the MMEX $$$$$$$$$$ will take care of THEMSELVE$!!!
https://www.mmexresources.com/
MMEX RESOURCES
Leveraging Global Demand
for Energy Assets Located in the Americas.
MMEX...You've Been BLESSED!!!
MMEX...Equity Financing Will Set A Valuation Of The Company!
https://www.mmexresources.com/pdf/190812_Shareholder_Letter.pdf
"Financing: During the last weeks we have continued negotiations on our potential debt and equity financing. We project to issue more information very shortly."
Don't Dare Miss It!
Noteholders and the Company’s two directors, Jack W. Hanks and Bruce N. Lemons, know that MMEX is looking M-m-m GOOD...Here's WHY You Should Get Ya Some!
Convertible Debt was a way of financing this startup. The lenders became investors and part owners of the company.
The triggering event for when a convertible loan converts into equity is when the company does a large financing for equity (typically by another investor or VC.)
Convertible debt is used to tide the company over until it can get a sizable equity financing deal done, usually within a year. This is why it's also called "bridge-financing."
It is "bridging" the company over until the company can get more financing. The debt will convert into the same terms (with the benefit of a discount because it is earlier in time) as what the large equity financing terms are. The large financing will be done with more scrutiny (because it's a higher amount), with more defined rights, and will set a valuation of the company. The company must have a valuation for the debt to convert into equity. This is of course true because you need to know how much of the company the debt will convert into. You need to know the quantity.
Convertible debt can be deceptively complex (e.g., dealing with convertible debt holders receiving multiple liquidation preference); valuation cap can mean that the investor can own a huge percentage of the company even if the value of the company is very high...Hmmmm
"This is a great project. It has robust economics in it." - Jack Hanks
https://www.mmexresources.com/
MMEX RESOURCES
Leveraging Global Demand
for Energy Assets Located in the Americas.
Take care of the Pennies, Nickles & Dimes and the MMEX $$$$$$$$$$ will take care of THEMSELVE$!!!
You've Been BLESSED!!!
MMEX RESOURCES CORPORATION Shareholder Update!
https://www.mmexresources.com/pdf/190812_Shareholder_Letter.pdf
MMEX RESOURCES CORPORATION
Shareholder Update
August 12, 2019
Dear Shareholders,
We would like to update you since our SEC 10K Annual Report filing on July 26, 2019.
Recent Disclosure Filings. Since our 10K filing the Company has filed three significant disclosure notices which include the following:
(i) 8K Preferred Shares. On August 1, 2019, the Company filed its 8K in which we announced that the Company issued to Maple Resources
Corporation, the owner of the Class B Shares, newly issued Preferred Shares with super voting rights of 51%. This was done in order to maintain and pledge the voting control of the Company under its obligations to one of its convertible debt holders. In addition, Maple Resources converted all of its B Shares to A Shares. Under the Preferred Shares provisions, Maple Resources (or, if applicable, the lender holding the pledge of those shares) maintains a 51% voting control irrespective of the amount of Class A Shares issued.
(ii) Pre-Schedule 14C Information Form. On August 5, 2019, we filed to propose an increase in the number of authorized shares of common stock from 12 billion to 25 billion shares. Since 2017, MMEX has financed its development and project expenses primarily through the issuance of convertible notes. Through April 30, 2019 (the end of our most recently completed fiscal year), we issued an aggregate of approximately 40,248,517 shares as a result of the conversion of approximately $2,653,457 principal amount of, and accrued interest on, such notes. Further, the terms of those notes require us to create a reserve out of our authorized common stock generally equal (depending on the note terms) to a multiple of four to six times the number of shares estimated to be issued upon the conversion of such notes. The creation of these reserves serves as a limit on our ability to have available authorized common stock for further financing purposes. Although we had approximately 9,638,594,037 authorized shares of Class A common stock which had not been issued as of July 31, 2019, all of those shares had been reserved by the holders of convertible notes and warrants and were therefore unavailable for future financings. As a result, we have
sought the share increase.
(iii) Form 4 Filing Statement of Changes in Beneficial Ownership. The Company’s two directors, Jack W. Hanks and Bruce N. Lemons, filed a
Form 4 on August 8, 2019. Both Directors invested funds into Company
convertible notes to be converted into Class A Shares when the authorized shares are approved and can be issued. The Company issued convertible notes to the members of the Board on conversion terms more favorable to the Company than other of its convertible notes, to wit: at a conversion rate of 110% of the lowest trading price at which shares of Class A shares have been issued pursuant to other convertible notes for the twenty prior trading days including the day upon which a Notice of Conversion is received by the Company. In addition, the convertible notes contain a 5% interest rate and require no reserve shares compared to 10% to 12% interest rates in the other convertible notes and the share reserve component from 4-times to 6- times of the amount of the note.
What do these Actions/Disclosures mean? The Directors took these actions to comply with its outstanding obligations to lenders to maintain voting control of the Company and to provide share liquidity for potential equity financing. With the super voting Preferred, the
holders of the Preferred have 51% of the voting shares irrespective of the outstanding amount of Class A Shares. The Class B shares with 10:1 voting rights have been converted into Class A Shares on a one-for-one basis and are no longer outstanding. The Directors are purchasing Class A shares thru convertible notes to provide working capital to the
Company as reflected in the Form 4s and will convert their convertible notes as soon as the additional Class A Shares are available to be issued.
Also, the increased share authorization would allow the Company to take prompt action with respect to corporate opportunities that may develop in the future, without the delay and expense of convening a special meeting of shareholders for the purpose of approving an increase in Company capitalization. Such opportunities might include, without limitation, issuance in public or private sales for cash as a means of obtaining additional capital for use in our business and operations, and issuance as part or all of the consideration required to be paid by us for acquisitions of other businesses or assets.
Project Development: As we disclosed in our 10K filed on July 26, 2019, we have several new initiatives we are considering. The summary is as follows:
¨ The addition of a 2nd CDU at our present site and potentially a 3rd CDU at another location
¨ Adding a crude by rail transportation and export component
¨ Adding a hydrotreater as separate component to produce transportation grade diesel
¨ Development of a terminal and storage facility on the Texas Gulf Coast
¨ Organization of a trading company for exporting physical petroleum products to Latin American markets
¨ Associated gas and gas liquids treating
¨ Development of a solar project to power the projects by solar energy
All of the foregoing would require financing and are subject to the risks and uncertainties set forth in our 10K and other SEC filings. We have taken the steps to give the Company maximum flexibility to act quickly to make decisions regarding any of the foregoing new initiatives and to use our share liquidity for project financing.
Financing: During the last weeks we have continued negotiations on our potential debt and equity financing. We project to issue more information very shortly.
"This is a great project. It has robust economics in it." - Jack Hanks
https://www.mmexresources.com/
MMEX RESOURCES
Leveraging Global Demand
for Energy Assets Located in the Americas.
Take care of the Pennies, Nickles & Dimes and the MMEX $$$$$$$$$$ will take care of THEMSELVE$!!!
You've Been BLESSED!!!
MMEX...Relax...The 'Authorized Shares' are not used in any fundamental of financial calculation to determine company value!
Do any of you really believe that GS Capital Partners LLC & Vista Capital Investments LLC, plus many other VCs that would provide financial capital to an early-stage, high-potential, high risk, high-growth startup company like MMEX; are ever in it - to lose money?!?
If so, just know this: “Texas is No. 1 … We are the No. 1 oil and gas producing state. If we were our own country, we would be the 10th-largest producer in the world. We have surpassed nations in the Middle East … and a lot of that has to do with what happens right here in the Permian Basin.”
GS Capital Partners & Vista Capital Investments are in it - To Win It!
Take care of the Pennies, Nickles & Dimes and the MMEX $$$$$$$$$$ will take care of THEMSELVE$!!!
https://www.mmexresources.com/
MMEX RESOURCES
Leveraging Global Demand
for Energy Assets Located in the Americas.
"This is a great project. It has robust economics in it." - Jack Hanks
You've Been BLESSED!!!
Indeed...MMEX refinery aims for 2020 opening...aka "The Patience Play"!
http://www.fortstocktonpioneer.com/stories/mmex-refinery-aims-for-2020-opening,22465?
Jack W. Hanks knows: Actual construction will take 12-15 months, with a target of the second quarter of 2020 for the refinery to be operational, Hanks said, noting that the project is nine to 12 months behind where he would like to be.
“The public should understand that there will be surface work going when we are starting out,” Hanks said. “They just won't see a tower jumping up. Fabrication of parts will be done in Houston and other places. Typically, it can take 10 months to build those. Fabrication is done at steel shops and other places. All these components will be, by and large, built in other locations.
“I don't want people to expect that once we start, it will all just spring up,” he said. “We're building from the ground up.”
The financing will be 80 percent debt and 20 percent equity. Investors are awaiting the “take-off agreements” – signed deals to purchase products produced at the refinery – and for the final costs under the EPC before finalizing financing.
MMEX Resources Completes All Agreements To Sell Its Planned West Texas Refinery Products:
https://www.barchart.com/story/stocks/quotes/MMEX/news/3274642/view
Complex process
Hanks said that a special purpose vehicle company, Pecos Refining and Transport LLC, was established to operate as a privately held entity for investors. MMEX is the largest equity owner of in the LLC, so a share of the profits from that entity will go to MMEX and its shareholders.
The financing will be 80 percent debt and 20 percent equity. Investors are awaiting the “take-off agreements” – signed deals to purchase products produced at the refinery – and for the final costs under the EPC before finalizing financing.
“The investors need to see the rest of the pieces fall into place,” Hanks said. “... they need a wrap and a guarantee of what prices are and the performance bonds. It's 'Project Financing 101', it's simple, but complex.”
MMEX completes deals to sell all products from Pecos Refinery project:
https://www.mrt.com/business/oil/article/MMEX-completes-deals-to-sell-all-products-from-14089467.php
The key hurdle was obtaining air emission permit from the Texas Commission on Environmental Quality (TCEQ). The TCEQ is empowered by the federal Environment Protection Agency to grant such permits in the state.
“Once you have that, you can start start construction,” Hanks said. “There will be some local permits once construction starts, but the big ticket is getting TCEQ.”
Building in the United States, where a new refinery has not been built in 40 years, also posed challenges.
“We know about construction, development, and financing,” Hanks said. “We didn't know all the steps it would take – that was a learning curve for us. This is not a complicated project. But no one has done it before (in the U.S.) that is really just like it. There's a lot of noise from people sitting on the sidelines – 'how do you know it will work', 'why isn't it built yet', 'why don't you have the financing yet?'.
“Look, we did this in the middle of jungle in Peru. We can do it here.”
The Peru refinery was built on time and on budget in 18 months, but it took two years the get everything to the point that construction could start.
The Texas Pacifico-South Orient Railroad line that runs through the site will have about 9 miles upgraded by the railroad. He also said MMEX will add a spur to the site as part of the project's cost.
The railroad access allows connections to prime ports along the Gulf of Mexico and also affords transit to the Dallas-Fort Worth area and Mexico via the Presidio border crossing. That will open the door to both domestic and export distribution.
https://www.mmexresources.com/
MMEX RESOURCES
Leveraging Global Demand
for Energy Assets Located in the Americas.
"This is a great project. It has robust economics in it." - Jack Hanks
MMEX...You've Been BLESSED!
MMEX...GS Capital Partners LLC & Vista Capital Investments LLC are giving the company opportunity to GROW!
The value of more cash to a startup is huge!
Cash gives them the ability to attempt to grow! Without the cash it can't!
Venture Capital funds make money by owning equity-shares in the companies they invest in!
So, logic says the note holders and retail herd - are - and - should - be happy about this "dilution"!
After all, they want the company to grow - Don't they?!?
Of course they do!! That's why they want to protect their Voting Rights plus get a great ROI!!!
https://ih.advfn.com/stock-market/USOTC/mmex-resources-corporation-MMEX/stock-news/80460336/current-report-filing-8-k
Effective July 30, 2019, the parties amended the GS pledge agreement so that the newly issued shares of Series A Preferred Stock described in Item 5.03 below will be pledged to GS in lieu of the shares of Class B Common Stock previously pledged to GS.
The purpose of creating the Series A Preferred Stock was to maintain the collateral value of the equity securities of the Company pledged to lenders to secure the repayment of outstanding indebtedness of the Company. Due to the percentage ownership dilution arising from the issuance of convertible notes by the Company, the voting power of the Class B Common Stock previously pledged to lenders had been impaired. The Series A Preferred Stock restores the voting power that was initially pledged to the lenders.
Don't be fooled...THERE IS NO "DUMPING"...Or there will be no Voting Rights!!!
Also, the 15 MILLION Series A Preferred Stock shares are now valued at approx. $0.04/shr against the $600k debenture to GS Capital Partners, LLC.
"This is a great project. It has robust economics in it." - Jack Hanks
Ignore those that bloviate nonsense and use good sense to follow the $$$$$$$$$$ of the 'SUPER MAJOR International Energy and Trading Company buyers with extremely strong balance sheets' and those that Accumulate!!!
https://finance.yahoo.com/news/mmex-resources-completes-agreements-sell-130000948.html
“Texas is No. 1 … We are the No. 1 oil and gas producing state. If we were our own country, we would be the 10th-largest producer in the world. We have surpassed nations in the Middle East … and a lot of that has to do with what happens right here in the Permian Basin.”
Take care of the Pennies, Nickles & Dimes and the MMEX $$$$$$$$$$ will take care of THEMSELVE$!!!
https://www.mmexresources.com/
MMEX RESOURCES
Leveraging Global Demand
for Energy Assets Located in the Americas.
Includes pictures of both the improvement project and the bridge construction on the website.
You've Been BLESSED!!!
MMEX...80 MILLION Shares traded yesterday & 80 MILLION today! I wonder who is doing all that BUYING!!
“Texas is No. 1 … We are the No. 1 oil and gas producing state. If we were our own country, we would be the 10th-largest producer in the world. We have surpassed nations in the Middle East … and a lot of that has to do with what happens right here in the Permian Basin.”
It's simple to understand - Convertible-Note holders CONVERT/ACCUMULATE for MORE shares the lower the Bid or Ask price goes - Converting for MORE shares at 40% discount now is wiser and will earn much much more than 40% PROFIT later when the share price moves much much HIGHER - Pay no attention to false, misleading, exaggerated negative claims and ridiculous puerile drivel - Take ADVANTAGE of the OPPORTUNITY and GET YA SOME!!!
"This is a great project. It has robust economics in it." - Jack Hanks
First comes the VOLUME...Then comes the NEWS...Then comes The MOVE!!!
Take care of the Pennies, Nickles & Dimes and the MMEX $$$$$$$$$$ will take care THEMSELVE$!!!
https://www.mmexresources.com/
MMEX RESOURCES
Leveraging Global Demand
for Energy Assets Located in the Americas.
You've Been BLESSED!!!
MMEX...ACCUMULATE...Note holder VISTA CAPITAL INVESTMENTS LLC has likely now increased their converted share holdings to approx. 24 MILLION shares...Not Bad!
https://ih.advfn.com/stock-market/USOTC/mmex-resources-corporation-MMEX/stock-news/80160861/statement-of-ownership-sc-13g
They KNOW: "This is a great project. It has robust economics in it." - Jack Hanks
Get Ya Some!
Authorized Shares has no bearing on the price!
The 'Shares Authorized' is not used in any fundamental of financial calculation to determine company value!
OTC companies only have two things - Stock for sale and stories of progress!
MMEX is progressing!!!
"MMEX Resources Completes All Agreements To Sell Its Planned West Texas Refinery Products"
https://www.barchart.com/story/stocks/quotes/MMEX/news/3274642/view
https://www.mmexresources.com/pdf/MMEX_Shareholder_Letter_May_2019.pdf
"We have now signed the agreement to sell our planned naphtha production to a SUPER MAJOR international energy and trading company for delivery by rail to the Texas Gulf refinery and petrochemical markets. This completes 100 percent of our refined product sales package with gold standard companies and all three off-take agreements provide the market for our project expansion in the Permian Basin. Again, it underscores the OPPORTUNITY we offer to our area oil and gas producers with other take-away capacity and, quite importantly, these agreements have allowed us to initiate negotiations for MMEX plans to build and own crude oil, IMO 2020 marine fuel and naphtha storage and terminal facilities in the Texas Gulf Coast." Jack Hanks
Ignore the bloviators...Follow the $$$$$$$$$$ of the EXTREMELY STRONG balance sheet buyers, Vista Capital Investments and the Accumulators!!!
Take care of the Pennies and the Nickles Dimes and MMEX $$$$$$$$$$ will take care of THEMSELVE$!!!
https://www.mmexresources.com/
MMEX RESOURCES
Leveraging Global Demand
for Energy Assets Located in the Americas.
MMEX - You've Been BLESSED!!!
MMEX...aka "The Patience Play"...We may have to tie our money-up for 3-to-6 months and/or Accumulate slowly - but when Jack Hanks gets 'er done the share price and ROI increases GREATLY!!!
"This is a great project. It has robust economics in it." - Jack Hanks
We've had Volume SURGES lately to signal random Accumulation at these low prices!
That action of Volume surges without much price change is an OTC 'tell' or 'signal' that funding may be taking place!!
First comes the Volume...Then comes the News...Then comes The MOVE!!!
VISTA CAPITAL INVESTMENTS, LLC knows the Point of Maximum Financial Opportunity!!
https://ih.advfn.com/stock-market/USOTC/mmex-resources-corporation-MMEX/stock-news/80160861/statement-of-ownership-sc-13g
Follow the $$$$$$$$$$ of VISTA CAPITAL INVESTMENTS and ACCUMULATE!
(*Reporting Person has rights under a convertible note to own an aggregate number of shares of the issuer common stock NOT to exceed 9.9% of shares outstanding*)
Ignore bloviators and their nonsense that denigrate...SOMEONE has been ACCUMULATING the alleged "dumped" shares! LOL
“Texas is No. 1 … We are the No. 1 oil and gas producing state. If we were our own country, we would be the 10th-largest producer in the world. We have surpassed nations in the Middle East … and a lot of that has to do with what happens right here in the Permian Basin.”
Take care of the Pennies, Nickles & Dimes and MMEX $$$$$$$$$$ will take care of YOU & THEMSELVE$!!!
https://www.mmexresources.com/
MMEX RESOURCES
Leveraging Global Demand
for Energy Assets Located in the Americas.
Get Ya Some...You've Been BLESSED!!!
MMEX...First comes the Volume...Then comes the News...Then The MOVE!!!
The Market is a Forward-Looking Mechanism...Accumulate MMEX while the price is low!
"This is a great project. It has robust economics in it." - Jack Hanks
Note holders moved the price of the stock Down 6-to-9 months in advance, to a Price Level they see as a Point of Maximum Opportunity and Fair Value. When the price of the stock reaches the price level where they want to Buy - the stock finally bottoms and you then see the Accumulation - like NOW.
MMEX shares are being artificially depressed because Venture Capitalists like to Buy the shares of companies at the lowest levels they can!
The Price has been manipulated down from lack of trader interest as a result of a temporary lack of News. However, a Huge Price Climb is about to happen because NEWS is coming!
Dontcha dare miss it!!
On the OTC "dilution" is the best news one can hear!
Not only does it give the company a chance at growth, it doesn't effect their EPS value one bit...They have no EPS to effect!
Plus, every time VCs get there hands on large amounts of shares, they Buy a run, and we can trade for profits!
So, "dilution" is a win for the company, a win for the Venture capital firm, and a win for the educated penny-land trader on the OTC!
https://www.mmexresources.com/
MMEX RESOURCES
Leveraging Global Demand
for Energy Assets Located in the Americas.
MMEX - You've Been BLESSED!
MMEX...Up 78%...I wonder why? 73 Trades and only 8 Sells!
First comes the Volume...Then comes the News...Then comes The MOVE!!!
Make your Next Move your Best Move people - BUY - Get positioned in front of what I$ coming...These $hare$ will be very very valuable...BUY at these levels for the BIG $$$$$$$$ ROI due when the MMEX $hare price reflects 100,000+ bpd revenues/profits....ALL can now have a ton more shares for a fraction of the post-split prices and therefore a ton more $$$$$$$ when Jack Hanks is done and the 10k/bpd CDU and 100k/bpd MMEX refineries are up and running!
https://www.barchart.com/story/stocks/quotes/MMEX/news/3274642/view
"We have now signed the agreement to sell our planned naphtha production to a SuperMajor international international energy and trading company for delivery by rail to the Texas Gulf refinery and petrochemical markets. This completes 100 percent of our refined product sales package with gold standard companies and all three off-take agreements provide the market for our project expansion in the Permian Basin. Again, it underscores the opportunity we offer to our area oil and gas producers with other take-away capacity and, quite importantly, these agreements have allowed us to initiate negotiations for MMEX plans to build and own crude oil, IMO 2020 marine fuel and naphtha storage and terminal facilities in the Texas Gulf Coast."
"This is a great project. It has robust economics in it." - Jack Hanks
Take advantage of these bargain-priced shares and Great OPPORTUNITY!
Success is where preparation and opportunity meet, so ignore bloviators and their drivel!
(*Reporting Person has rights under a convertible note to own an aggregate number of shares of the issuer common stock NOT to exceed 9.9% of shares outstanding*)
https://www.mmexresources.com/
MMEX RESOURCES
Leveraging Global Demand
for Energy Assets Located in the Americas.
Take care of the Pennies and the Nickles Dimes and MMEX $$$$$$$$$$ will take care of THEMSELVE$!!!
MMEX - You've Been BLESSED!
MMEX...Just more Wash Trades today...Take advantage of the opportunity - ACCUMULATE!
"This is a great project. It has robust economics in it." Jack Hanks
Of 72 total Trades today only 15 were Sells....Hmmm
https://ih.advfn.com/stock-market/USOTC/mmex-resources-corporation-MMEX/trades
Three features of a successful execution of a Wash Trade manipulation are as follows:
1) Tight submission intervals between the matched buy and sell orders (to minimize the risk of the orders being unintentionally picked up by other traders).
2) Executable prices (to make the orders an immediate execution).
3) Mostly matched volumes (to minimize the risk of loss from the unmatched volumes executed with other traders).
Perfect matching orders, which have the same price, volume and submission time according to the summarized features, guarantee the execution but are obviously easy to be suspected as market abuse trade by the regulators.
Therefore, to avoid being easily detected, smart manipulators design the wash trade orders to be mostly matched (different but executable and also deliberately designed to avoid inspection).
Today's trades (like yesterday's) paint a clear picture of the above activity.
https://ih.advfn.com/stock-market/USOTC/mmex-resources-corporation-MMEX/trades
Ignore bloviation and lies about "death spiral financing" "scam" "billions of shares in dilution" "dumping" "more reverse splits" and other nonsense!
(*Reporting Person has rights under a convertible note to own an aggregate number of shares of the issuer common stock NOT to exceed 9.9% of shares outstanding*)
Note holders know there's no sense in converting and "dumping" now for peanuts, when there is serious ROI $$$$$$$$$$$ waiting to be made by Accumulating/converting into millions of shares now and holding for when "the first refinery built in the U.S. in over 40 years" with 10k/bpd CDU and 100k/bpd Full Scale Refinery revenues and profits begin!!!
Yesterday 20+ minutes after the market close a delayed Dark Pool print of approx. 8.5 MM shares was disclosed...Someone must have bought those shares - Right?!
Don't SNOOZE and LOSE - GET YA SOME!
First comes the Volume...Then comes the News...Then comes The MOVE!!!
https://www.mmexresources.com/
MMEX RESOURCES
Leveraging Global Demand
for Energy Assets Located in the Americas.
Take care of the Pennies, Nickles & Dimes and the MMEX $$$$$$$$$$ will take care of THEMSELF!!!
MMEX...You've Been BLESSED!!!
MMEX...ACCUMULATE
“Texas is No. 1 … We are the No. 1 oil and gas producing state. If we were our own country, we would be the 10th-largest producer in the world. We have surpassed nations in the Middle East … and a lot of that has to do with what happens right here in the Permian Basin.”
Must be laundry week...So much Wash Trading going on, manipulating this down to create misleading, artificial (illusory "dilution/dumping") activity...Don't let 'em fool ya and certainly don't let 'em try to school ya!
Get Ya Some...Take advantage of the OPPORTUNITY!!!
https://www.barchart.com/story/stocks/quotes/MMEX/news/3274642/view
"This is a great project. It has robust economics in it...We have now signed the agreement to sell our planned naphtha production to a SuperMajor international energy and trading company for delivery by rail to the Texas Gulf refinery and petrochemical markets. This completes 100 percent of our refined product sales package with gold standard companies and all three off-take agreements provide the market for our project expansion in the Permian Basin. Again, it underscores the opportunity we offer to our area oil and gas producers with other take-away capacity and, quite importantly, these agreements have allowed us to initiate negotiations for MMEX plans to build and own crude oil, IMO 2020 marine fuel and naphtha storage and terminal facilities in the Texas Gulf Coast." Jack Hanks
Take care of the Pennies and the Nickles Dimes and MMEX $$$$$$$$$$ will take care of THEMSELVE$!!!
https://www.mmexresources.com/
MMEX RESOURCES
Leveraging Global Demand
for Energy Assets Located in the Americas.
THANK$ for da CHEAPIE$
MMEX - You've Been BLE$$ED!
MMEX is always 3 steps ahead...Let's see, 1st there was The VOLUME...Now there is The NEWS...Next will be The MOVE!!!
https://www.barchart.com/story/stocks/quotes/MMEX/news/3274642/view
"This is a great project. It has robust economics in it...We have now signed the agreement to sell our planned naphtha production to a SuperMajor international international energy and trading company for delivery by rail to the Texas Gulf refinery and petrochemical markets. This completes 100 percent of our refined product sales package with gold standard companies and all three off-take agreements provide the market for our project expansion in the Permian Basin. Again, it underscores the opportunity we offer to our area oil and gas producers with other take-away capacity and, quite importantly, these agreements have allowed us to initiate negotiations for MMEX plans to build and own crude oil, IMO 2020 marine fuel and naphtha storage and terminal facilities in the Texas Gulf Coast." Jack Hanks
MMEX...Don't SNOOZE and LOSE - GET YA SOME!
Avoid the crowd. Do your own thinking independently. Be the chess player, not the chess piece!
Recognize the AWESOME Value...Follow the ACCUMULATORS like Vista Capital...CHECKMATE and ignore the nonsense of those that Bloviate!
"The game of chess is not merely an idle amusement. Several very valuable qualities of the mind, useful in the course of human life, are to be acquired or strengthened by it… For Life is a kind of Chess, in which we have often points to gain, and competitors or adversaries to contend with." – Benjamin Franklin
https://www.mmexresources.com/
MMEX RESOURCES
Leveraging Global Demand
for Energy Assets Located in the Americas.
Take care of the Pennies and the Nickles Dimes and MMEX $$$$$$$$$$ will take care of THEMSELVE$!!!
MMEX...You've Been BLESSED!!!
MMEX...Checkmate!!!
Everyone that buys shares NOW will be WAY AHEAD of where they were previously...We can have a ton more shares for a lot less $$$ than post-split and therefore a ton more profit...Follow the Accumulating note holders - We all should want more shares that will pay off in more $$$$$$$$$$$ when Jack Hanks gets 'er done and the share price and ROI has increased significantly - So Get Ya Some and Dontcha Dare Miss it!!!
https://www.mmexresources.com/pdf/MMEX_Shareholder_Letter_May_2019.pdf
"This is a great project. It has robust economics in it." Jack Hanks
Notice that MMEX in an effort to move the project along successfully and prevent dilution has issued convertible notes and used them to pay off other unconverted notes before they could be converted...Jack Hanks is 1 smart man!!!
https://www.mmexresources.com/
MMEX RESOURCES
Leveraging Global Demand
for Energy Assets Located in the Americas
Take care of the Pennies and the Nickles Dimes and MMEX $$$$$$$$$$ will take care of THEMSELVE$!!!
"In the middle of difficulty, lies opportunity...Great spirits have always encountered violent opposition from mediocre minds. The mediocre mind is incapable of understanding the man who refuses to bow blindly to conventional prejudices and chooses instead to express his opinions courageously and honestly." Albert Einstein
“Texas is No. 1 … We are the No. 1 oil and gas producing state. If we were our own country, we would be the 10th-largest producer in the world. We have surpassed nations in the Middle East … and a lot of that has to do with what happens right here in the Permian Basin.”
MMEX...Take advantage of the opportunity - You've Been BLESSED!
Thanks for the CHEAPIES!!!
MMEX...You've Been BLESSED with PHENOMENAL Buying Opportunities!
Talk of "BILLIONS of shares dilution", "DEATH SPIRAL financing" and "Reverse Splits for months" along with "Toxic Financing" is complete NONSENSE because (*Reporting Person has rights under a convertible note to own an aggregate number of shares of the issuer common stock not to exceed 9.9% of shares outstanding)
IOW - 9.9% LIMITATIONS PREVENT ANY OF THE ABOVE FALACIOUS SCENARIOS EVER OCCURRING.
Do you know what that means?!? It means: There's $$$$$$$$$$ in MMEX shares!!!
Realize that the notes converted into 5.3 MM (or 530 MM pre-split) shares at a cost of little over $30k from $500k in notes was a STEAL of a DEAL for Vista Capital and it was only 7.03% of the *stipulated limit!!
So use good sense to BUY and BUY often because the Accumulating note holders are certainly converting for maximum advantage and effect as close as possible to their allowed limits for the MASSIVE ROI and EXTRAORDINARY PAYDAYS ahead!!!
MMEX - Ya Gotta Be In It - To Win It!
“Texas is No. 1 … We are the No. 1 oil and gas producing state. If we were our own country, we would be the 10th-largest producer in the world. We have surpassed nations in the Middle East … and a lot of that has to do with what happens right here in the Permian Basin.”
Recognize the AWESOME Value...Follow the Accumulators...Ignore the Bloviators!
"This is a great project. It has robust economics in it." Jack Hanks
https://www.mmexresources.com/
MMEX RESOURCES
Leveraging Global Demand
for Energy Assets Located in the Americas.
Don't SNOOZE and LOSE - GET YA SOME!
Take care of the Pennies and the Nickles Dimes and the $$$$$$$$$$ will take care of THEMSELVE$!!!
MMEX...You've Been Blessed...The Rest Is Up To You!
MMEX...You've Been BLESSED...This Stock Is Gonna ROCK!!!
"One of the first refineries to be built in over 40 years in the U.S."
https://www.mmexresources.com/pdf/MMEX_Shareholder_Letter_May_2019.pdf
If there weren't so much noise around this company - Who would care? Hmmmmm
The 10k/bpd CDU and infrastructure project keeps pushing forward because Jack Hanks is gettin' er done!
"This is a great project. It has robust economics in it." Jack Hanks
Otoh...The voodoo economics being purported by some as only being advantageous to Noteholders is ludicrous, laughable, child's play...Let's choose to use mental dexterity instead and play Chess to make the Smooth Big Moves and $$$$$$$$$$ with the Accumulating Noteholders, SUPER-MAJOR ENERGY AND TRADING COMPANY buyers with EXTREMELY STRONG balance sheets and Jack Hanks, by taking advantage of these currently oh-so cheap shares; while ignoring those that choose to bloviate and play Tiddlywinks...LOL
MMEX - Get Ya Some - Follow The MONEY!!!
"Texas is No. 1 … We are the No. 1 oil and gas producing state. If we were our own country, we would be the 10th-largest producer in the world. We have surpassed nations in the Middle East … and a lot of that has to do with what happens right here in the Permian Basin.”
The company website has it ALL there and it's clear as day to see! MMEX is building a refinery!!
https://www.mmexresources.com/
MMEX RESOURCES
Leveraging Global Demand
for Energy Assets Located in the Americas.
Take care of the Pennies, and the Nickles Dimes and MMEX $$$$$$$$$$ will take care of THEMSELVE$!!!
MMEX...You've Been BLESSED!
MMEX...You Know It!!!
Especially considering (*Reporting Person has rights under a convertible note to own an aggregate number of shares of the issuer common stock not to exceed 9.9% of shares outstanding)
Bloviation of "billions of shares in dilution", "crook", "dumping", "scam" etc. etc. etc. ad nauseam is just foolish non-sense...One only has to use good sense to realize that note holders would actually LOVE to get their hands on as many shares of MMEX as possible, but they are hindered by the above SEC stipulation.*
As long as the share price is depressed they'll NEVER be allowed to convert ALL their notes - UNTIL and unless the share price is much much higher!!!
So, since the share structure is manageable and controlled they know their money is safe and guaranteed because:"This is a great project. It has robust economics in it." Jack Hanks
Plus: "We have now reached agreement for our Residual Fuel (“ATBs”) off-take with a SUPER-MAJOR ENERGY AND TRADING COMPANY. We will rail the ATBs to the Texas Gulf Coast Markets points of delivery they designate. Our Residual fuel oil that is planned to meet the IMO 2020 Sulphur standard is a highly sought-after marine fuel beginning January 1, 2020. Along with our projected Diesel sales, these two agreements place 70% of our planned production under off-takes with EXTREMELY STRONG balance sheet BUYERS."
https://www.mmexresources.com/pdf/MMEX_Shareholder_Letter_May_2019.pdf
Not to mention: “Texas is No. 1 … We are the No. 1 oil and gas producing state. If we were our own country, we would be the 10th-largest producer in the world. We have surpassed nations in the Middle East … and a lot of that has to do with what happens right here in the Permian Basin.”
Follow the money of Accumulators and ignore the drivel of Bloviators.
https://www.mmexresources.com/
MMEX RESOURCES
Leveraging Global Demand
for Energy Assets Located in the Americas.
GET YA SOME!
Take care of the Pennies and the Nickles Dimes and the $$$$$$$$$$ will take care of THEMSELVE$!!!
MMEX...First comes the Volume...Then comes the News...Then comes the MOVE!!!
https://www.mmexresources.com/pdf/MMEX_Shareholder_Letter_May_2019.pdf
"This is a great project. It has robust economics in it." Jack Hanks
https://www.mrt.com/business/oil/article/MMEX-Resources-seeks-to-make-up-for-lost-time-13634613.php
“Texas is No. 1 … We are the No. 1 oil and gas producing state. If we were our own country, we would be the 10th-largest producer in the world. We have surpassed nations in the Middle East … and a lot of that has to do with what happens right here in the Permian Basin.”
https://www.mmexresources.com/
MMEX RESOURCES
Leveraging Global Demand
for Energy Assets Located in the Americas
"In the middle of difficulty, lies opportunity...Great spirits have always encountered violent opposition from mediocre minds. The mediocre mind is incapable of understanding the man who refuses to bow blindly to conventional prejudices and chooses instead to express his opinions courageously and honestly." Albert Einstein
MMEX - Dontcha Dare Miss It - Take Advantage Of The Opportunity - Get Ya Some!!!
Take care of the Pennies, Nickles and Dimes and the $$$$$$$$ will take care of THEMSELVE$!!!
MMEX..."One of the first refineries to be built in over 40 years in the U.S." - Don't forget that!
“Texas is No. 1 … We are the No. 1 oil and gas producing state. If we were our own country, we would be the 10th-largest producer in the world. We have surpassed nations in the Middle East … and a lot of that has to do with what happens right here in the Permian Basin.”
Things are not always as they seem at times...Vista converted some notes to 5.3M shares- YES. That much is true according to the most recent Statement of Ownership (sc 13g).
BUT that does not mean they SOLD and if they did sell - then they also took a large loss because the MMEX share price was much much higher when their notes were issued last Sept.
Had they converted their notes last year post reverse split they would have netted 1.25M shares for their $500k Notes - However, by waiting until the share price is severely depressed to take advantage of their 40% discount in share price buying power before converting they could then convert a much much smaller portion of notes and get a great many more shares for a much smaller amount - yet still have notes and remain within SEC limits.
(*Reporting Person has rights under a convertible note to own an aggregate number of shares of the issuer common stock not to exceed 9.9% of shares outstanding. The Reporting Persons’ beneficial ownership of 5,300,000 shares of Common Stock constitutes approximately 7.03% of all the outstanding shares of Common Stock, based upon a total of 75,412,671 shares of Common Stock as reported by the Issuer’s transfer agent on June 12, 2019).
That works out a lot better for Vista Capital than if converting when the share price was so much higher (i.e. like last year Pre and Post Split).
Look at the 1 yr. MMEX historical prices to see the truth!
https://www.nasdaq.com/symbol/mmex/historical
FACT: Vista Capital only converted a very small percentage of their $500k in notes.
https://www.marketscreener.com/news/MMEX-RESOURCES-CORP-Creation-of-a-Direct-Financial-Obligation-or-an-Obligation-under-an-Off-Balanc--27271435/
Yesterday's volume was an alleged 5.3 M shares, but when adding up trades showing publicly on Waterhouse the volume was only 3.8M shares.
Where were the other 1.5M shares? Dark Pools! (Dark pools are an ominous-sounding term for private exchanges or forums for securities trading. However, unlike stock exchanges, dark pools are not accessible by the investing public. Also known as “dark pools of liquidity,” these exchanges are so named for their complete lack of transparency.)
Hmmmmmmm
My suggestion is to buy MMEX shares as Vista's 5.3M shares would NOT be sold at a loss because they KNOW how to make $$$$$ and get great ROIs.
Check it out: 5.3M x .007(YESTERDAYS Vol. and AVG. PRICE) = $37,100 - Do you really think they'd sell for such a relatively paltry amount? They certainly don't need the cash because they had a guaranteed 45% ROI in the notes...What we saw yesterday was Wash Trading for the express purpose of feeding misleading information!
Let's not forget: "This is a great. project. It has robust economics in it." Jack Hanks
Good NEWS is coming very soon and the $$$$$$$$$$ will come to MMEX and shareholders for a very very very long time when the 10k/bpd CDU and 100k/bpd Full Scale Refinery are up and running!!!
Follow the money of the Accumulators and the SUPER-MAJOR ENERGY AND TRADING COMPANY BUYERS WITH EXTREMELY STRONG BALANCE SHEETS!!!
https://www.mmexresources.com/pdf/MMEX_Shareholder_Letter_May_2019.pdf
https://www.mmexresources.com/
MMEX RESOURCES
Leveraging Global Demand
for Energy Assets Located in the Americas.
Take care of the Pennies and the Nickles Dimes and $$$$$$$$$$ will take care of THEMSELVE$!!!
"Man to man is so unjust, children: Ya don't know who to trust. Your worst enemy could be your best friend, And your best friend your worst enemy." - Bob Marley
MMEX..."This is a great. project. It has robust economics in it." Jack Hanks
https://www.mmexresources.com/pdf/MMEX_Shareholder_Letter_May_2019.pdf
"We have now reached agreement for our Residual Fuel (“ATBs”) off-take with a SUPER-MAJOR ENERGY AND TRADING COMPANY. We will rail the ATBs to the Texas Gulf Coast Markets points of delivery they designate. Our Residual fuel oil that is planned to meet the IMO 2020 Sulphur standard is a highly sought-after marine fuel beginning January 1, 2020. Along with our projected Diesel sales, these two agreements place 70% of our planned production under off-takes with EXTREMELY STRONG balance sheet BUYERS."
TXPF Track Upgrades and the Presidio-Ojinaga Bridge Construction.
"Last week on our site visit we were able to see first-hand the TXPF rail improvement project from the Sulphur Junction 9-mile section toward Fort Stockton. This section transverses our site.
This week we went to Presidio, Texas to view the TXPF bridge construction at the Presidio-Ojinaga Mexico border scheduled to be completed this June 2019. We look forward to completion of the TXPF work program with enhanced and greater access to markets in Western Mexico by rail. We have included pictures of both the improvement project and the bridge construction on our website."
https://www.mmexresources.com/
MMEX RESOURCES
Leveraging Global Demand
for Energy Assets Located in the Americas.
Words have POWER and Jack Hanks has used his CAREFULLY and WELL...So be careful what you say and wish for regarding another because it can happen to you instead!
“Texas is No. 1 … We are the No. 1 oil and gas producing state. If we were our own country, we would be the 10th-largest producer in the world. We have surpassed nations in the Middle East … and a lot of that has to do with what happens right here in the Permian Basin.”
Take care of the Pennies and the Nickles Dimes and MMEX $$$$$$$$$$ will take care of THEMSELVE$!!!
MMEX...Set your sights much Much HIGHER...NEWS will be only the beginning of GREAT and WONDERFUL things with MMEX!!!
REVENUES from the 10k bbl/day CDU and then the 100k bbl/day Full Scale Refinery will make this company share price go far beyond our wildest financial dreams and expectations!!!
THERE IS NO "DUMPING"! THERE WILL BE NO "BILLIONS OF SHARES"!
THERE IS ONLY ACCUMULATION & IN TIME THERE WILL BE BILLIONS OF $$$$$$$$$$!!!
"We have now reached agreement for our Residual Fuel (“ATBs”) off-take with a SUPER-MAJOR ENERGY AND TRADING COMPANY. We will rail the ATBs to the Texas Gulf Coast Markets points of delivery they designate. Our Residual fuel oil that is planned to meet the IMO 2020 Sulphur standard is a highly sought-after marine fuel beginning January 1, 2020. Along with our projected Diesel sales, these two agreements place 70% of our planned production under off-takes with EXTREMELY STRONG balance sheet BUYERS."
https://www.mmexresources.com/pdf/MMEX_Shareholder_Letter_May_2019.pdf
Float of 27.1 M
Potential ROI = AWESOME & EXTRAORDINARY
"This is a great. project. It has robust economics in it." Jack Hanks
“Texas is No. 1 … We are the No. 1 oil and gas producing state. If we were our own country, we would be the 10th-largest producer in the world. We have surpassed nations in the Middle East … and a lot of that has to do with what happens right here in the Permian Basin.”
https://www.mmexresources.com/
MMEX RESOURCES
Leveraging Global Demand
for Energy Assets Located in the Americas.
Follow the true $$$$$$$$$$ of the SUPER-MAJOR ENERGY AND TRADING COMPANY and the Accumulators...Ignore the Bloviators!
Take care of the Pennies and the Nickles, Dimes and $$$$$$$$$$ will take care of THEMSELVE$!!!
MMEX - GET YA $OME
MMEX...Ironic..."We have now reached agreement for our Residual Fuel (“ATBs”) off-take with a SUPER-MAJOR ENERGY AND TRADING COMPANY. We will rail the ATBs to the Texas Gulf Coast Markets points of delivery they designate. Our Residual fuel oil that is planned to meet the IMO 2020 Sulphur standard is a highly sought-after marine fuel beginning January 1, 2020. Along with our projected Diesel sales, these two agreements place 70% of our planned production under off-takes with EXTREMELY STRONG balance sheet BUYERS."
https://www.mmexresources.com/pdf/MMEX_Shareholder_Letter_May_2019.pdf
Float of 27.1 M
Potential ROI = EXTRAORDINARY
"This is a great. project. It has robust economics in it." Jack Hanks
MMEX - GET $OME - NOW
“Texas is No. 1 … We are the No. 1 oil and gas producing state. If we were our own country, we would be the 10th-largest producer in the world. We have surpassed nations in the Middle East … and a lot of that has to do with what happens right here in the Permian Basin.”
https://www.mmexresources.com/
MMEX RESOURCES
Leveraging Global Demand
for Energy Assets Located in the Americas.
MMEX...So true...It is ludicrous to think otherwise...Let's take advantage of these cheapies by following the Accumulators and ignoring the bloviators.
"This is a great project. It has robust economics in it." Jack Hanks
“Texas is No. 1 … We are the No. 1 oil and gas producing state. If we were our own country, we would be the 10th-largest producer in the world. We have surpassed nations in the Middle East … and a lot of that has to do with what happens right here in the Permian Basin.”
Float of 27.1 M
Potential ROI = AMAZING
https://www.mmexresources.com/
MMEX RESOURCES
Leveraging Global Demand
for Energy Assets Located in the Americas
Take care of the Pennies, Nickles and Dimes and the $$$$$$$$ will take care of THEMSELVE$!!!
MMEX...Whenever you find whole world against you just turn around and lead the world!
The turnaround is in effect and it will be wonderful to be a shareholder in "One of the first refineries to be built in over 40 years in the U.S." making lots of $$$$$$$$$
"We have now reached agreement for our Residual Fuel (“ATBs”) off-take with a SUPER-MAJOR ENERGY AND TRADING COMPANY. We will rail the ATBs to the Texas Gulf Coast Markets points of delivery they designate. Our Residual fuel oil that is planned to meet the IMO 2020 Sulphur standard is a highly sought-after marine fuel beginning January 1, 2020. Along with our projected Diesel sales, these two agreements place 70% of our planned production under off-takes with EXTREMELY STRONG balance sheet BUYERS."
https://www.mmexresources.com/pdf/MMEX_Shareholder_Letter_May_2019.pdf
Float of 27.1 M
Potential ROI = EXTRAORDINARY
"This is a great. project. It has robust economics in it." Jack Hanks
MMEX - GET $OME - NOW
“Texas is No. 1 … We are the No. 1 oil and gas producing state. If we were our own country, we would be the 10th-largest producer in the world. We have surpassed nations in the Middle East … and a lot of that has to do with what happens right here in the Permian Basin.”
https://www.mmexresources.com/
MMEX RESOURCES
Leveraging Global Demand
for Energy Assets Located in the Americas.
Take care of the Pennies, Nickles and Dimes and the $$$$$$$$ will take care of THEMSELVE$!!!
MMEX...What's going on? The Accumulation of shares continues and the share price slowly but steadily rises?!?!
Hmmmmm, Mmmmmm, GOOOD.
Could it be MMEX Resources Corporation (OTCPK*: MMEX) *is*
developing a refinery in Fort Stockton, TX (Pecos County)?
Of course!!!
• Fully permitted, EPC contracts & off-take agreements IN PLACE
https://www.mmexresources.com/pdf/MMEX_Shareholder_Letter_May_2019.pdf
"We have now reached agreement for our Residual Fuel (“ATBs”) off-take with a SUPER-MAJOR ENERGY AND TRADING COMPANY. We will rail the ATBs to the Texas Gulf Coast Markets points of delivery they designate. Our Residual fuel oil that is planned to meet the IMO 2020 Sulphur standard is a highly sought-after marine fuel beginning January 1, 2020. Along with our projected Diesel sales, these two agreements place 70% of our planned production under off-takes with EXTREMELY STRONG balance sheet buyers."
Now $ERIOU$LY consider what 100,000 bpd from a Full Scale Refinery will do in revenues & for the share price.
I wonder what the company's Valuation will be when all is completed...Hmmmm...Would it be Mmmmm Mmmmmm GOOD?!?
OH YEAH!!!
"This is a great project. It has robust economics in it." Jack Hanks
https://www.mrt.com/business/oil/article/MMEX-Resources-seeks-to-make-up-for-lost-time-13634613.php
https://www.mmexresources.com/
MMEX RESOURCES
Leveraging Global Demand
for Energy Assets Located in the Americas
“Texas is No. 1 … We are the No. 1 oil and gas producing state. If we were our own country, we would be the 10th-largest producer in the world. We have surpassed nations in the Middle East … and a lot of that has to do with what happens right here in the Permian Basin.”
Float of 27.1 M
Potential ROI = AMAZINGLY STUNNING
Take advantage of the Accumulations and just ignore the bloviations...Make some $ERIOU$ $$$$$$$$$$
MMEX...How $weet..."We have now reached agreement for our Residual Fuel (“ATBs”) off-take with a SUPER-MAJOR ENERGY AND TRADING COMPANY. We will rail the ATBs to the Texas Gulf Coast Markets points of delivery they designate. Our Residual fuel oil that is planned to meet the IMO 2020 Sulphur standard is a highly sought-after marine fuel beginning January 1, 2020. Along with our projected Diesel sales, these two agreements place 70% of our planned production under off-takes with EXTREMELY STRONG balance sheet buyers."
Accumulation, Bloviation and Conversions? Absolutely - Affirmative - YES!
"Scam", "Dumping", "Unloading"? Naw - Nyet - Nope!
https://www.mmexresources.com/pdf/MMEX_Shareholder_Letter_May_2019.pdf
Float of 27.1 M
Potential ROI = AWESOME & IMPRESSIVE
"Texas is No. 1 … We are the No. 1 oil and gas producing state. If we were our own country, we would be the 10th-largest producer in the world. We have surpassed nations in the Middle East … and a lot of that has to do with what happens right here in the Permian Basin.”
https://www.mmexresources.com/
MMEX RESOURCES
Leveraging Global Demand
for Energy Assets Located in the Americas.
"This is a great project. It has robust economics in it." Jack Hanks
MMEX ... GET YA $OME!!!
MMEX...Just wait till they start name dropping the SUPER-MAJOR ENERGY AND TRADING COMPANY partners...GET YA $OME!!!
The bigger the 'headache' - The bigger The Pill & The deeper the 'crisis' - The Better THE OPPORTUNITY!
“Texas is No. 1 … We are the No. 1 oil and gas producing state. If we were our own country, we would be the 10th-largest producer in the world. We have surpassed nations in the Middle East … and a lot of that has to do with what happens right here in the Permian Basin.”
Jack Hanks is doing what's needed to succeed at building the first refinery in the U.S. in over 40 years - THAT takes time - as Heavy Construction is just that - HEAVY Construction...We just have to do the easy work of buying cheap shares, getting wealthy from it, then being part of history!
TOO $$$$$WEEET!!!
"This is a great project. It has robust economics in it." Jack Hanks
https://www.mmexresources.com/pdf/MMEX_Shareholder_Letter_May_2019.pdf
"We have now reached agreement for our Residual Fuel (“ATBs”) off-take with a SUPER-MAJOR ENERGY AND TRADING COMPANY."
Float of 27.1 M
Potential ROI = EXTRAORDINARY & AWESOME
Do the smart thing by taking advantage of these heavily discounted shares - Take care of the Pennies, Nickles and Dimes and the $$$$$$$$ will take care of THEMSELVE$!!!
https://www.mmexresources.com/
MMEX RESOURCES
Leveraging Global Demand
for Energy Assets Located in the Americas.
It's going to be well worth the wait - So be ahead of the curve!!!