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Should it look good before financing? No. Why would it. Mile stones like a road etc. are great. We have met many milestones over the past year. Newsflash... we are all waiting for financing! Who cares about anything else. If no financing, you and I lost our money. Financing and we make money. All the other trash talk etc means nothing at this point.
MMEX
I can't see this remaining on the OTC for much longer. I'm surprised its there now. A move to the big board will be a good one.
WOW!!!
MMEX
Your quote "MMEX needs to do the RS to keep the toxic notes a flowing" should be up for the least informed quote of the year. MMEX has plenty of shares in current structure if thats what they wanted to do. IMO MMEX is doing the exact opposite of this.
MMEX
We have - in OTC time - the equivalent of a lifetime before RS. The earliest it can happen is the 19th. The latest is... well I don't really know. Eternity? Anyway, all is not lost. I still have all my shares since months ago. Even picked up some more yesterday. At ease everyone.
MMEX
"can these bones live again?" I guess we'll find out sometime this month. This is it. The pivotal moment is here.
MMEX
3 whole weeks before RS. A lot can - and will - happen. IMO
Its October! Find something that's bolted down and hold on. IMO
MMEX
The only proof of financing you or I will get is the 8-K afterwards, or maybe an announcement right after financing and before filing. Do you really expect definitive information before close or something? What do you expect? Jack doesn't care about proving anything to you I'm certain. Stand by and see it all come together. EPC announcement and financing and who knows what else. IMO
That's your opinion. You have nothing to base that on. CEO says otherwise. Financing is in the wind. Release of funds this month according to Jack Hanks CEO of MMEX.
MMEX
Yup. 100% correct. This is it. No more waiting after sometime this month.
MMEX is still a going concern despite all the views to the contrary. The portly person has not sung yet.
MMEX story not complete yet though. Still early in fact. I wouldn't bet against it if I were you.
MMEX
Some assumptions here. The rest is misinformation. Intentional or not would be assumptive, and best left up to individual assessment based on historical posts and general negativity about everything MMEX
Lot of assumptions here. Zero facts.
MMEX
Tax write-off I suppose. Woe is me... . Should've made sure there was no oil close by before I bought shares in some lame plane to build an oil refinery... you know... too close to the oil... and right smack dab on the Permian... I should have known it was a possibility.
MMEX
When 600 + mil moves in, down goes the hood. LOl.
MMEX
Well well well, now. That's awesome news. Are you sure the development of an oilfield right next door won't put his plans in jeopardy though? Seems like it might be the nail in the coffin, so to speak, for his refinery plans. I'm just thinking it would be bad to have oil so close to an oil refinery. What are your thoughts on this?
MMEX
Terrible news in the link below. I hope Jack stands up to his neighbours who will be doing this drilling, and tells them they are not wanted in his town. If they find oil it could ruin his hopes of getting a oil refinery up and running. What refinery would want oil wells right next door. Come on Jack. Prove you're not all hat and put a stop to this drilling... right next door... to your oil refinery .
https://www.carlyle.com/media-room/news-release-archive/carlyle-group’s-energy-mezzanine-team-and-diamondback-energy-form
Its not so far fetched. I saw a documentary once about a guy who was out hunting. He shot at some food. He had no idea that his buck shot would cause crude to come bubbling up through the ground. It was totally unexpected. He made so much money that him and all his family bought a mansion in Beverly Hills. True story.
Exactly!
MMEX
Once I owned an oil refinery. When some folks started spending hundreds of millions of dollars drilling for oil next door, I shut that refinery down and got out of there as quickly as I could. Would not want oil wells around my oil refinery.
Said no one... ever.
MMEX
In the near future, the flagpoles you speak of will be eclipsed by the drill rigs next door. IMO
Well. Well. Well, now... 3 more. That should do it.
MMEX
Well. Well. Well. Now, what do you think of that?
MMEX
No excuse now-a-days with all the technology and abacuses and stuff. lol
MMEX
But that would make it a dolla. That's Nasdaqa.
MMEXaaa
No dilution man. Also, if insiders are buying as you suggest, this is good. IMO
MMEX
And, apparently, that beautiful road is going to nothing... . Why would somebody do that? Makes no sense. What a waste of money to build that big beautiful road to nothing. Folks buying worthless shares, building useless roads. Wow
MMEX
With all the activity lately, Its almost like MMEX is ramping up for something.
MMEX
Great OPINION. Unfortunately the wrong one.
MMEX
But that would imply financing is complete wouldn't it? I don't think he's allowed to do that til it actually is. Legally.
MEX
100% wrong.
MMEX
Need a lot more than that to get to where we're going! IMO
MMEX
I guess folks find that a 100% plus rise - from recent lows in the last couple of days - is more interesting than your question from a year ago. IMO
MMEX
I've read multiple posts here that state financing will never happen. Not a chance a penny stock will get financing. So, if MMEX gets financing, were the people who said these things lying? Obviously folks are making their best assumptions based on how they interpret information. Not lying. A lie is a deliberate act. There's a difference.
MMEX
The bigger question, from the same era, is what happened to the dinosaurs?
Nose dive like today? Yesterday?
MMEX
Would you please clearly state your point. I don't get it. You listed off excerpts from previous Shareholder Letters regarding the financing the MMEX is working on. Am I supposed to extrapolate, from that information, a future truth? I'm not a big football fan, but didn't the Browns win last week. With your logic the Browns winning was impossible. Some folks probably lost a lot of money on that game, you know... expecting the Browns to lose like always.
MMEX - Winner
"To reconfirm what we said in our August 10, 2018 letter , we are still projecting that we will start the final documentation process during September and anticipate the financial closing, i.e., disbursement of funds, in October 2018."
MMEX Sept. Shareholder Letter
"the ability to start buying crude oil and selling into the TGC without the contruction time line of our Phase 1(a) Crude by Rail presents a near term start up trading opportunity with, if we are successful, potential cash flow to the Company."
MMEX Sept. Shareholder Letter.
Must be those sophisticated retail investor type folks we've been hearing about.
MMEX