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If it gets to 4 we're all toast. I would be so upset for not selling when it was .0012. Should've listened to the negative Neds here for sure.
Oh no! People are coming to their senses. Hurry! Somebody say something negative before this positivity gets out of control.
MMEX
You just asked the million dollar question. And maybe not 6 months. Maybe 12. Maybe never. But its not profitable right now. That much we know. Buyback gives more time to make it happen is all I'm saying.
And lets not forget MMEX has: land, permits, road, rail, a buyer, a seller etc. etc. etc.. AND, they're right on the Permian Basin where all the oil is. Now - especially after all the work that has already been completed - time is on our side. And that's positive. IMO
MMEX
What MMEX is doing here is buying time, not the opposite as your analogy suggests. 6 months is a long time. Especially if MMEX has financing and is well on the way to being profitable by then. If that occurs, this buyback will be seen as a good move by most reasonable people. Smoking takes time off your life, this buyback/refinancing, what ever you choose to call it, adds time.
MMEX
Word!
MMEX
And not based on news. Its as if folks took a serious look at the latest shareholder letter and the reason for the latest filings. Hurry! Everyone sell before you come to your senses. lol
MMEX
Save yourselves... abandon ship. She's going down... Run Forest... Get out while you can... Fire!!
Oh, never mind.
MMEX
Lol. They are the smart, savvy investors. The sophisticated ones. Everyone should do what they do. They're the smart ones. I'm not buying because I didn't sell. I still have more than enough.
MMEX
By the sounds of this recent article it does exist somewhere.
MMEX
Impossible? Its there in plainly written english.
MMEX
There will be a reverse split. There will also be financing which means there will be a refinery. The question is, would you rather millions of shares in a pink market may be company, or 10s of thousands of shares in a functioning oil refinery? I'll take the latter. All IMO.
MMEX
You've got that right. Folks missing the forest for the trees on those filings and on the shareholders letter for certain.
MMEX
But with better terms and no interest till a 1 and 2 years.
Yes, exactly. I think folks are over looking this important information. The spread is huge right now and will be for a while. Also, the note conversions are in 1 year and 2 years. Long time for revenues to supersede the note. There are some positive things here.
MMEX
I think you should all read the news letter a little more carefully before you sell. Especially Paragraph 1. IMO
Exactly. A whole month (equivalent to a lifetime in OTC time) away. No need to panic sell here. IMO
MMEX
I better get my buy order in early then. By the looks of things, a line-up of buyers will be at the door early looking for a sweet deal on MMEX shares. I'm not sure sweet deals will be easy to come by today. Good luck though.
MMEX
Over a month before RS. Has not happened yet.
MMEX
That argument makes no sense because they still have billions of shares to sell if they wanted to. And the price has been climbing. Why would they do something to negatively effect PPS and at the same time cut the number of shares they can sell (and yes all shares are included in this split), and also reduce the value of their personally owned shares. If they are scammers, they are not very good at it IMO.
MMEX
I think this evening and tomorrow we can expect an all-out negativity blitz. Folks trying to convince share holders to sell sell sell before the impending Doom. Fall for that if you wish. Hand over your potential earnings to them if you want. But if good news come later in the day, they will laugh all the way to the bank with your shares. All in my opinion.
This hasn't been verified though. Financing and refinery still in the works last I heard. If you know different please share your verification info with the rest of us. If not, you're merely speculating. A statement based on speculation is not a definitive statement.
MMEX
Potential RS is a month off. No need to panic here.
MMEX
So demoters are buyers?
MMEX
What do you mean "secretly". Its a full month till the RS. Financing could very well be before the RS since ITS A MONTH OFF! Sorry, I don't usually use caps, but come on now... lol
MMEX
Exactly. It always hinged on financing. Last week it did. Tomorrow it still will. Oct. 20th it still will IMO.
MMEX
Ya. Its like being a contestant on Survivor here. lol. Good luck with it.
Unless you have insider information that runs contrary to what a known insider - the CEO Jack Hanks - said, I'll stick to what Jack said.
MMEX
Most scammers I've witnessed doing the rinse and repeat thingy announce a RS late Friday to come into effect early the following Monday; not for over a month later. Jack... not only the worst pumper, but the worst scammer too. Just two reason, of the many, why me and my shares will wait to see how this pans out. I have a feeling this will not turn out as badly as the folks who want us to sell our shares (to them) are suggesting.
MMEX
If after market announcement comes, its only over for those who sold to fear.
MMEX
It still all hinges on financing. RS or what ever. Many people here, including my self, own millions of shares in a venture oil refining company that does not have financing finalized yet? Anyone here own tens of thousands of shares in a fully operational oil refining company? Which is better? Get my point? Financing, financing, financing.
MMEX
There won't be a dip caused by my shares. That's the one thing I know. These folks buying over the last few days are not all stupid. Lets wait and see what happens.
MMEX
Or may come sooner. After hours today would be nice. Let it stew all weekend.
MMEX
17th is the deadline? What kind of deadline? Like a final deadline? As in, no financing by 17th than no financing... ever? Where did you get this information. Must be insider info. Please explain?
MMEX
I wonder what the day has in store for ELTZ? Maybe nothing, but its alive. will come around at some point.
Great rebuttal there. I was all in MMEX until I read your last few post about the fourth tank, and questions about why they are there etc.. That is some deep analysis right there. I now have to rethink my whole position on MMEX. Now that I've thought about it for a millisecond, I still think I'm correct. MMEX is building a refinery. IMO.
MMEX
Its alive! At this point, that is all that matters. Now, lets bandage it up and give it some chicken soup.
If you scan back over the days that MMEX registers most of their SEC filings, you'll find most on Thursday and Friday. Just saying.
MMEX
I hope Jack gets his oil sheep so when its refined the mark up will be larger meaning more money for me and ewe.
MMEX
Bahahaha.
MMEX is the worst pumped stock on any stock market IMO.