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Yep, that's the elephant in the room!
Well, I can't argue with that one!
First of all, it is quite obvious that Jack Hanks and MMEX do not care about PR's or what shareholder want or think. Second it makes much more sense to run a PR a week before or after. By doing this it piggy backs on the previous announcement. Why blow the whole wad all at once.
Nice update, thanks!!
It should be really obvious long before groundbreaking whether or not MMEX has achieved in acquiring financing by the rise in volume and PPS. Something of that magnitude will not be kept secret, it will leak.
Wow, don't you know? I mean according to your post, you make it sound like you have talked to all the locals.
CEO, typically always provides facts when refuting false claims about MMEX. Regardless what you think of him he does his DD even if his passion is over the top at times.
Or an airline ticket, hotel, food, time off from work, all for a iffy financing announcement. Whoever made the suggestion that it would be prudent for them to announce financing way before hand so people could make arrangements had a good idea.
I think it would make for a much better ceremony and not just a few people from the CofC and a few retired people with nothing better to do. It would also entice some of the more important people involved that could actually add some weight behind this project.
There are several people that could do that, a couple of them were mentioned in an earlier post. Especially if they had a nice PR stating such and such would be there. Building this refinery is truly a big deal but right now it is definitely not being promoted like one.
I'm not saying that the wearing of name tags is childish but that certain post have it over and over on their post like it's supposed to mean something and or intimidate someone. Who cares if there are name tags big flippin deal. Although it is nice and a good conversation starter! Besides, many people make up a name anyway!
Yep, never understood why people will spend hours upon hours doing that and even spend hours and hours doing DD only to continue to post. Maybe they are being really altruistic, doubtful though.
I will not attend without news about financing. Although, Jack Hanks has performed everything he said he would so far and in a timely manner. Plus there has been zero P&D. BTW, what's up with this whole "there will be name tags" "Be sure and wear your name tag"? Sounds childish to me!
Whether people like it not, you are correct about financing. It will be very interesting to see what is said before, during or very shortly after about it if they do not come through with it yet. Let us know if you find out if they will attend! Seems like both would want to be their since this is such a big event!
Did you not actually read the article from marketwire? It was not against MMEX, but actually made them look good. WOW, thanks again for posting it!
Gotta love that volume for a Monday with soon to be catalyst!
I'm glad that you have come around to supporting MMEX as a viable company building the first in awhile refineries. Your support is noted and the post are definitely appreciated. Since MMEX is breaking ground on the 17th it will be interesting to see when financing will be announced. How many shares have you accumulated so far. GLTY and thanks again for helping many people see and support MMEX.
That is just not correct. How could they announce financing without meeting the qualifications set forth by the underwriter? They could apply, they could even get the stipulations but until the underwriters sees everything is done that they needed to be done Jack Hanks would have been just blowing smoke in an attempt at a P&D. Because it was not announced makes me feel better about the genuine effort MMEX has put in!
You might just be right, I don't think many people will wait until the quarter. If it doesn't happen before or at groundbreaking it will get very very ugly.
Not a bad point at all. With all that has been accomplished so far, they really should have the financing wrapped up or at least give a very plausible statement concerning it. If not, ??????
HAHA, Classic.
Facts matter. Opinions and beliefs do not./quote]
Anyone can go back and read your post to see that 90% is all based on opinion! Thanks for making my point again and again. Keep posting, we like it!
1.- what evidence is there that MMEX, its predecessor companies, and its team have a single, verifiable successful venture? I don't have that answer but it has been posted already. Besides, the past does not equal the future. Many successes have stemmed from many failures.
2. - how does MMEX's demonstrated, verifiable cumulative loss of $36.9-million help it to make an investable business case? This was to hard to figure out due to the bad grammar.
3.- can MMEX cite any verifiable experience in obtaining significant investment/syndicate funding for a $50-million class project? Once again this has been addressed, ask them not us. Besides, we shall soon find out if they get financing or not. If they do you're wrong if they don't we are wrong. Since this has definitely not been a P&D or, if so a very poorly P&D, the PPS is worth the risk, IMO.
4. - why is MMEX structured as an OTC issue, based on toxic convertible debt disguised as super-diluted equity? How will potential outside investors benefit from this convoluted, problematic financial structure?
Once again poorly written but outside investors benefit by the rise in PPS! DUH
BTW, you list a stream of supposedly failed business names yet provide ZERO facts to back them up, only names!
Anyone can do that with ZERO facts! So, that is not even worth responding too!
Saying the same thing over and over does not make it true. It actually makes the post look very very desperate as all the other post have been refuted and found to be wanting in content and accuracy.
So resorting to a spam, cut and paste makes the argument null and void of effectiveness. Thanks for making the case for strong MMEX results.
Without financing, nothing will get done here but a pig roast to sell more shares./quote]
You are absolutely correct and thank you for agreeing that once financing is done you agree MMEX is a go. We are all waiting on the same thing. Thank you for coming around.
LOL, awesome way of putting it!!
It is obvious by the reply I'm responding to that your post agrees that the land could have been worth considerably more and most likely was considering all the comps in and around Fort Stockton for anyone with an internet connection to look up.
Well thanks for admitting your post was incorrect. I did not refute that the public records said $10 dollars. Once again anyone with an internet connection can look up for themselves why that would occur and the benefit to both seller and buyer.
I personally would love to transfer land for millions of shares in this up and coming refinery. Like I said thank you for bringing all this to our attention so we can provide the necessary DD of facts and not made up conjecture! BTW, I will not be responding for quite awhile as I have some adults to go speak with, whom do not have an agenda and like to discuss actual facts.
Thanks again for illuminating the readers to the lack Due Diligence on your post. Transfers of land for the amount of $10 happen all the time. This is for various reasons. Once again thank you for showing any possible new posters the lack of facts in your post. You truly are doing MMEX a big favor by pointing out the blatant fallacies of anyone NOT believing that MMEX is building a refinery. Keep em coming and we'll keep posting facts to shoot em down!
Well, once again your post have been shot full of holes time and time again. So here is another. You said that the land MMEX purchased wasn't worth anything and anyone with 10 dollars could buy it etc....https://www.landwatch.com/Texas_land_for_sale/Fort_Stockton
Dang, just another post refuted with facts. Keep em comin. You sure doing away with all doubts about MMEX. Thanks again!!
Why does a wealthy person get a mortgage in the first place. It's not for the right off, you don't spend a dollar to save .50 cents!
Who is Chris Alexander?
Go MMEX! Great job!/quote]
Now you're coming around to MMEX, good job on all the positive about MMEX!
Well put!!
The business sector MMEX proposes to enter, which they freely admit they have no expertise in, and no track record of success in, has been around for more than 100-years./quote]
Once again you have proven MMEX to be in capable hands and to generate a cash flow. Thank you for proving our point that they have hired and will to continue to hire the necessary experts as needed. Isn't that what Henry Ford did and Thomas Edison, just to name a couple. They came up with a great idea than hired the right people to make it happen. Genius I say, for pointing that out, absolutely Genius
looks like the volume is slowly coming in. MMEX is good about rising PPS when the volume comes back!
MMEX is looking for bag-holders.
/quote]
I'm in, I've been holding my bag of money from MMEX. BTW, thanks again for point out to everyone here that MMEX is sure to make a profit.
Yes you are!!!LOLOLOLOL
I can't wait. I'm like a pre-teen girl/quote]
So what you're saying is it made a very substantial profit at least 2 of those years. With all else going for MMEX, I'm sure it will be profitable the remaining years as well. At least you're coming around to our way of thinking. Thanks again
So what you're saying it is highly probable that MMEX will succeed and make a profit since you state it is a good comparison and they did make a profit of $ 15,758,756 and 2015 $ 4,403,239. Who knows what happened the other times. So it is extremely possible and probable they will make money.
Don't be so quick to insult, it makes your argument look cheap and desperate.Thanks again for the post! Thanks for the jab at an insult but before you insult to much you might want to check your grammar skills because your "Alma Mater" didn't do so well. BTW, grammar is the most basic of basic skills that every business hangs on.
Hmmmmm, YOU stated all along there was NO WAY, ZERO, NADA, ZILCH to make money. Well you just proved that it was done. Thank you once again for proving to all those who might have had the slightest doubts that it could make money. This coming from the complete negative point a view sure does go along way to convincing a lot fence sitters to jump on in. Thanks again
Thanks for pointing out that they made $ 15,758,756 and 2015 $ 4,403,239. So it is extremely possible and probable they will make money. Thanks again for the post!
BTW, oil was really bad for just about everyone in 2016, DUH!
And 2015!! But not as bad, but still pretty horrific!
Thanks for proving my point!!
HaHA, loved the way this closed in the last 15 minutes. This was an obvious try to keep the price low to stable for accumulation purposes.
Charts are looking very good. Coupled with the previous accomplishments and the upcoming events, then take into the very strong possibility of finance announcements and we have the makings of a perfect storm!
I will address each one in turn....
The real Phase I is a share-selling scheme, as no legitimate financier would back a stand-alone topping unit. Industry insight, and clear evidence points out that while these units generate cash-flow, that cash-flow is negative to neutral at best, not positive.
1. There is ZERO proof this is a share selling scam as of yet.
2. It is obvious why financing has not been announced yet. The factors needed for that to happen have just been accomplished and or final documentation may be needed to finalize the loan. Happens all the time.
3. Now you're going from a negative to neutral cash flow after I proved that many businesses have a negative cash flow in the beginning until they are up and running. Good job for coming around on that!
The imaginary Phase I is the scam associated with going through the motions of talking about building a crude unit, that somehow utilizes a negative cash-flow from the imagined topping unit, at a cost of $50M, to flow cash to the imaginary Phase II project, a complete refinery.
1. No matter how many times you say imaginary, it still will not make your point correct, thank you for the ad nauseum on that word!
2. The "motions" they went through are the SAME, NECESSARY motions any company has to go through. You pointed that out. So how are they the bad guy for just doing what is legally required?
MMEX is good at generating PR, but little else. By its own admission, MMEX has no internal expertise, and resorts to the use of consultants for any material matters.
1. If this is a P&D they are not putting out enough nor very good PR's in everyone's opinion!
MMEX does have an excellent, super-dilutive debt-disguised as equity share selling scheme, complete with promotors and cheerleaders, empty PR, worthless land in the Pecos County desert, alongside a nearly impassable rail line that currently leads to nowhere.
1. There is just no substance to even refute this statement. It is void of any facts. It is pure conjecture!
Go MMEX - corkscrew right into the dirt.
1. Don't like it-Don't buy it!