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Of course they put they "need" or possibility of more TOXIC notes in the shareholder letter. That is what you would do if this is a scam. As I said if there is 80% financing in place there would be no "NEED" for more TOXIC notes. If they need all 50-55 million why would they want a loan to pay back the 20% in 180 days, they wouldn't because they should have the 20% done in the next few days. Seems like MMEX has been good about updates so why not with a letter concerning the 20% unless your trying to hide something. Once again this is very simple. If they have 80% funding for a "legitimate" oil refinery that is supposedly gonna make a ton of money as espoused by the proponents then anyone with half a brain would loan the other 20% with way better terms then the very-very-very-very-very, yes 5 verys TOXIC notes.
So, you should be expecting another shareholder update letter for a term sheet for the 20%, correct, then an 8k? They have to have a the 20% down payment before financing can occur and it will do absolutely no good for more TOXIC loans. If they really have a term sheet for financing then there is NO NEED for another TOXIC loan.
This 20% term sheet should be out rather quick for all this to take place by May 31st.
Yep, according to a self proclaimed insider MMEX has discovered through legal channels that 68.3% of the traded shares have been manipulated and marked differently than the actual MMEX transactions. MMEX is therefore having a hard time rising. Otherwise MMEX would be in the dollars. Now, that's a funny one!!
So a financing deadline looms in the distance. Everyone is waiting to see if it happens. Even the PROMMEXers have give it a deadline with no excuses. Good for them.
For the deadline to be met the 20% has to be raised in plenty of time to actually close on the deal, any excuse or toxic note will scare 99% of the longs away is my guess.
So there is actually about 35 trading days before the deadline. I would venture to say that everything needs to be in place a week before hand leaving 28 days. The 20% will take a week or two to work through.
If this really is legit who wouldn't give jack the 20%, it would be a no brainer. So this should all be hammered out way before the 28th. So, I'm thinking we should start to see a rise in MMEX PPS (if there really is gonna be financing by May 31st) in the next week or so.
Surly the TOXIC dilution is done by now. Nothing stays secret very long in the OTC market. Word should leak out concerning the 20% and buying should commence very very soon. If MMEX throws up another TOXIC note, then this is done because there is absolutely no reason to have one now this close to financing.
Once this current round of the TOXIC DILUTION is done, there should be absolutely no need for anymore whatsoever. If the so called "term sheet" and financing is legit then anyone with half a brain would loan the other 20% at a higher interest rate but not the TOXIC LOAN STYLE!!!
Can't argue with that logic.
You are absolutely right concerning this MMEX statement, just like when you said MMEX dilution was not done but others argued with you.
Could someone help me decide. Which is worse, the MMEX Monthly chart or the MMEX weekly chart or the MMEX daily chart. Yes, I know they are ALL in a deep down trend. Yes, I know, even in spite of all the terrific news, yes, I know there are people on the inside saying differently. But, DOWN IS DOWN for a very very very very very very very long time!!!!
Sorry no!!! I do not subscribe to MMEX top secret kabals. It makes perfect sense, with each TOXIC LOAN AND so called milestone and ambiguous shareholder letterS, 8kS prS etc,,, the market has responded.
Yep, current MMEX PPS is .0031. like it or not. EVERY milestone has been met with a decline in PPS. EVERY "shareholder" "update" has been met with a decline in PPS. That is actually historically verifiable, like it or not.
I do agree that this just take a good pop once the toxic dilution is over. But there also should be a steady and continues climb getting more and more dramatic as MMEX gets closer to the "financing" date. If the market does not see that then, uh, oh. Don't you agree?
Ok, once again the MMEX PPS speaks for itself, it is currently in the toilet and keeps dropping with every "milestone" and 8k and wonderful updated shareholder letter. The MMEX PPS is currently .0032 barely a third of a penny, it dipped down into the .002's already as well.
Hmmmm look likes the market is telling everyone what it thinks of the "NEWEST" 1.5 month timeline of MMEX. Ouch, in the .002's so early, this does not bode well for the MMEX gravy, oil train.
Can't ignore the facts.
Fact one and really the only one that counts. PPS is now at .0032!!!!
Fact two, the pps drops on every "milestone".
fact 3-nobody with any serious buying power is gonna buy this at this level. Maybe if it gets over a quarter on a pump!
Yep, from .05 cents to .0033. With EVERY MILESTONE comes a drop in mmex PPS, with EVERY TOXIC NOTE comes a DROP in PPS.
Holy niagara falls batman, how much more punishment can the MMEX PPS take? The PPS is already at one third of a penny. A few more PR's like ALL the rest and the shareholders will owe MMEX money, it'll be in the negatives.
I can't wait for the next MMEX "milestone" or next MMEX"8k" or next MMEX"shareholder pump letter". They always have such a enormous effect on the PPS, DOWN that is, everytime it goes down and down after one of these "pr" releases. Too funny!
You do realize these are reasons for totally avoiding MMEX like the plague!! LOL
Why would you take profit if this is a guaranteed slam dunk, hold for the $5.13, buy more, buy the dips, won't see it any lower, this has hit bottom, dilution is done it's gonna run now, another milestone hit should soar now, flipper gonna regret it, they'll be sorry, they'll be chasing.
Please respond to this post. Which company was it? Thank you!
"One company in 2006 was over 15 billion shares then he closed shop and jumped ship."
Which company was that, TIA?
"One company in 2006 was over 15 billion shares then he closed shop and jumped ship."
Which company was that, TIA?
Wow, don't know what MMEX A/D line your looking at but the MMEX daily chart has almost going down at a sharp death spiral.
Ok, so let's see, certain post said several weeks ago that the TOXIC DILUTION was almost over. Several disastrous weeks have now come and gone. Here we having a really big dump of almost a quarter of those shares. Are they still not done? Is this retail dumping now? When will it end?
With Permanent financing, this should be able to get you your other 20%. The terms would be much, much much better then the toxic notes MMEX is currently getting. Any angel investor or hard money lender would easily do better than those toxic terms. Plus if MMEX plans to Sign off/close by May31st then everything should be in place way before then. If this note is done, we should see a very steady climb upwards!!!!
Permanent financing should be able to get you your other 20%. The terms would be much, much much better then the toxic notes MMEX is currently getting. Any angel investor or hard money lender would easily do better then those toxic terms. Plus if MMEX plans to Sign off/close by May31st then everything should be in place way before then. If this note is done, we should see a very steady climb upwards!!!!
Any guesses when the next toxic note comes out. Because if "financing" is secure then there is absolutely no need for anymore toxic notes.
Don't you think MMEX should have waited for the shareholder letter and 8k till the rest of this dump took place? Just curious! Really, what's another week or two.
The market wants a finalized term sheet.
Absolutely, they do. Right now questioning everything about MMEX is good.
My names not Frank, but seriously if that's the case why not wait for .003 or the 2s. Or really why not think like most of the market and wait till solid real verifiable concrete news comes out and it runs past 10 cents or a quarter then jump in. Because if it runs past those numbers it should run to over a dollar, if it runs to over a dollar surely it will go over 3. Trouble is, the market has and continues to value the information from MMEX at .004. The continuous toxic notes and subsequent dumping is not helping.
Looks like you were right on the amount of MMEX shares left to dump. People said you were wrong but it just keeps coming!
Really, at this low of a price and with everyone saying what a great deal it is all the way DOWN from .017, you would think there would be NO bid sitting, that they would just slap the ask and getter done. You would think that once they get this TOXIC dump done it should run but obviously they do not believe it will run or they would slap the ask.
Nothing can hold back the market forces, imo./quote]
You're right nothing is holding back the market forces from bringing this down. Good observation.
Ummm, well it seems the dilution noise means everything to the market because it believes it, the MMEX PPS is in the toilet even after a shareholder letter and an 8k touting the elusive financing. NOBODY is buying, hence the downturn in the MMEX PPS. Is there no one left to buy up those cheap-cheap-cheap-shares.
Yep, they lost their chance but there is one thing MMEX can be proud of, they are #13 on the IHUB breakout board!
Obviously not even in pinky fantasy land, they can't keep it up. MMEX down 12% after a shareholder letter and an 8k. I guess we have seen what the market thinks of MMEX. OH, and what about all those people 2 weeks ago saying BMIC should be done with dilution. I guess the other guy was correct. Ouch, MMEX update, down 17.78 %
The "flippers" did not bring this about. If you read the everything MMEX has put out it should be very clear to you that this is a result of dilution, nothing more and nothing less. There is obviously more going on today. The marke is calling BS on MMEX already early this morning. The shareholder letter pumped up a few people and allowed for more TOXIC shares to be released. The 8k following seems to have had a negative effect. To bad it was released while dilution was still going on, as this could have been a nice run.
A shareholder letter was sent out and the price rose 36% but still couldn't hold a half a penny. Maybe the final amount of dilution took place. An 8k was put out later on. If the dilution is done and the several national news syndicates pick up on this and the market likes it then this could go to .20 easy with decent volume and catch the attention of bigger players. If that happens and an exceedly amount of volume comes in then this will catch the attention of even more. This could really drive the price through the roof tomorrow. But only the market will dictate what happens.
Either BMIC is done dumping or not. If they are done then this "news" should have ran it well over a penny maybe even .05. So obviously they are still dumping. If they are still dumping even though there is "news" out, then they obviously do not believe in it because it was part of the plan. Either way the market is letting this stay down without much effort.
Odd, that with all the MMEX hype and PRo-onents, the PPS is dropping like a hot rock. I guess they "can't keep it up" any longer, must be their age of the mmex shares, that is. I guess the MMEX whales swam away when they realized a term sheet is nothing but a glorified LOI. But it is good for one thing and that is to get those TOXIC MMEX shares sold.
And yet the MMEX PPS share can't even get to a penny. In fact, it can't even stay above A HALF OF A PENNY!!!!!!