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Who writes up the intros for these stockboards?
I dont think I knew that. So basically taking x amount of US oil refining capabilities offline.
Looks like they may have chosen them for a very good reason as you have found!! Good Job. I also wonder if some of the money they borrowed will be used to get us off the pinks!
Yep, I just read where Chevron in 2010 water program recycled into potable water and supplied the city with it. That was 2010, I can't imagine the tech we have now.
I guess we can all pull up stuff on the internet. This not even a state of the art plant and it's heavy crude.
http://www.energytrendsinsider.com/2007/03/20/water-usage-in-an-oil-refinery/
The ConocoPhillips refinery in Billings processes 62,000 bbls of crude oil, or 2.6 million gallons per day. The reliability of most refineries is in the 90-95% range, so if we assumed 92.5% on-stream time, the refinery processes 2.6 million * 365 * 0.925, or 879 million gallons of crude oil per year. The water usage then amounts to 456 million/879 million, or 0.52 gallons of water per gallon of crude oil processed.
Note that this is actual make-up water that is brought into the refinery. In other words, this is the actual usage of the refinery.
I guess we can all pull up stuff on the internet. This not even a state of the art plant and it's heavy crude.
http://www.energytrendsinsider.com/2007/03/20/water-usage-in-an-oil-refinery/
The ConocoPhillips refinery in Billings processes 62,000 bbls of crude oil, or 2.6 million gallons per day. The reliability of most refineries is in the 90-95% range, so if we assumed 92.5% on-stream time, the refinery processes 2.6 million * 365 * 0.925, or 879 million gallons of crude oil per year. The water usage then amounts to 456 million/879 million, or 0.52 gallons of water per gallon of crude oil processed.
Note that this is actual make-up water that is brought into the refinery. In other words, this is the actual usage of the refinery.
I tweeted the author to get his take on MMEX and their refinery, excellent article describing the need for a refinery and the willingness of Texas to produce more jobs!!!
This is an excellent article.....
https://www.nytimes.com/2017/07/05/business/energy-environment/oil-exports-corpus-christi-texas.html?rref=collection%2Fsectioncollection%2Fbusiness-energy-environment&action=click&contentCollection=energy-environment®ion=stream&module=stream_unit&version=latest&contentPlacement=2&pgtype=sectionfront
Common sense says if this was a P&D they would wait till it was much higher. DUH....oh wait ......never mind.
Let's pretend they were going to sell 50 million shares. If they would pump it up a penny, that is an extra 500k if they only wanted to dump 10 million, that's an extra 100k. Don't you think they are way more patient than most people on the pink sheets who can't hold a stock for more than half a day let alone several weeks between updates. Of course these are arbitrary figures but you get the general idea. If they were to do a good P&D at least they could run it up to .50 or a buck minimum.
Looks like it for sure. But look at the bid at .0068
Does someone need to get in @ .0068?
Just an FYI, it's Conoco. Why are there a thousand different restaurant chains, car companies, hotels, or any other business, banks, why doesn't the richest people invest in the best of whatever. Because Conoco is busy making money doing what it is best at, same with all the other companies, maybe they forgot about building a refinery because it's been so long. Maybe they just don't want to mess with it. There is so many times that the smaller guy is just more hungry and is at the right place at the right time. Maybe he's just more creative.
Several people have answered that before, you'll just have to dig through the post and see. I was satisfied with the responses. Kinda late in the game to be asking that particular question. Nothings a sure thing but I'm holding out for it.
Why would they sue? The "Big Boys" don't want to mess with the start up process, if anything they'll wait till it's all ready to go and buy em up.
Will it still be a scam when the land is purchased?
Besides, even if this is a P&D, they have done a piss poor job of it!!!!Worst pump ever. The only thing I've seen are facts and the slow process of a real refinery being built, that's definitely no way to pump a stock. A good P&D is nothing but pure addictive sugar flowing, all useless carbs and NOOOO nutrition.
Yep,me as well. But I can see many people's point of view about the price dropping if Hanks doesn't post some info soon. So far I think it is holding up well and it seems the weak hands may be getting out and the big dogs may be scooping up their shares.
I'm sure Hanks meant well when he said 7-10 days but things do happen at closing. Besides it didn't do squat for the pps if that was his intentions. I also wonder when the PR campaign is gonna start. One of the main people who bash on this stock said it takes along time to put together a good PR campaign.
How simple can you get!!!
THE OTHER COMPANIES INVOLVED ARE NOT IN THE BUSINESS OF DEALING WITH SCAMS. THIS IS A REAL COMPANY AND WE ARE CURRENT ON OTC.
GO $MMEX /quote]
Although you are correct about Pinks and their scams. What time frame has passed? This has been addressed ad nauseum!!!!!
Seriously what part of 180 days from Feb 20th do you not understand? What has not been accomplished that MMEX said would be? Let's have facts, please!! You absolutely cannot name one, you have zero basis and a zero foundation other than rhetoric. Your argument is similar to this one " I had a friend who owned some Goodyear tires, he got a flat, therefore all tires suck and you should never buy tires again.
I'm not sure what part of the 180 days from Feb 20th they did not understand?
(1) On February 20, 2017 the Company entered into a purchase and sale agreement (the “PSA”) for the Project location which consists of 500 contiguous acres located on the Texas Pacific Railroad, about 20 miles northeast of Ft. Stockton, Pecos County Texas in the southern part of the Permian Basin. The Company plans to commence the week of April 17, 2017, the survey on the land and other due diligence. The closing date on the land is on or before 180 days from the date of the PSA which was February 20, 2017.
It has been clearly spelled out from the beginning, surly you were smart enough to understand this?
(1) On February 20, 2017 the Company entered into a purchase and sale agreement (the “PSA”) for the Project location which consists of 500 contiguous acres located on the Texas Pacific Railroad, about 20 miles northeast of Ft. Stockton, Pecos County Texas in the southern part of the Permian Basin. The Company plans to commence the week of April 17, 2017, the survey on the land and other due diligence. The closing date on the land is on or before 180 days from the date of the PSA which was February 20, 2017.
180 days from 2-20-17 is August 20th. But the way things are shaping up, it could be way sooner!! To many aspect of their DD for the land has already been accomplished. Hanks will want to get off the pinks sheets ASAP as well.
"The stock market is a device for transferring money from the impatient to the patient."
“We simply attempt to be fearful when others are greedy and to be greedy only when others are fearful.” Warren knows that the stock market is full of folly. He knows that emotions like hope, greed, and fear dictate stock prices rather than logic and value. When people are panicky or fearful (as in a bear market) he takes that chance to buy great companies at cheap prices. As long as he does his research and knows the real value behind a company, he doesn’t get scared of its price fluctuations.
And the exact opposite is true also. Land deal equals refinery built. Name one thing MMEX has not come through on? You have zero facts and DD to back up your claim. I have completed, verifiable facts to back up mine!
I don't see why it would not hit sooner. People are emotional when it comes to missing out on an epic run. Just announcing the land has closed could send this way up, then if more news came out in a day or two that they were uplisting to the OTCBB then it would jump again. The further up the chain it goes catches more peoples attention. The more people who know what's up after DD the more people who hold tight their shares, bigger buyers with deeper pockets, it's could be just a snowball effect.
Short week coming up. Stock market closed Tuesday. Monday could get interesting considering the 2.1 million traded in the last 15 minutes Friday. Although only about 15k that's good for this stock at this point in time.
(1) On February 20, 2017 the Company entered into a purchase and sale agreement (the “PSA”) for the Project location which consists of 500 contiguous acres located on the Texas Pacific Railroad, about 20 miles northeast of Ft. Stockton, Pecos County Texas in the southern part of the Permian Basin. The Company plans to commence the week of April 17, 2017, the survey on the land and other due diligence. The closing date on the land is on or before 180 days from the date of the PSA which was February 20, 2017.
180 days from 2-20-17 is August 20th. But the way things are shaping up, it could be way sooner!! To many aspect of their DD for the land has already been accomplished. Hanks will want to get off the pinks sheets ASAP as well.
Looks like oil is on the rise, all bodes well for MMEX.
http://oilprice.com/commodity-price-charts?1&page=chart&sym=CB*1
From the PINK sheets to OTCBB
OTCBB Vs. Pink Sheets
You may have seen the term "OTCBB" on a stock quote, which stands for Over-the-Counter Bulletin Board. The OTCBB is a quotation service that also lists over-the-counter securities. The pink sheets are a privately held company, while the Nasdaq owns and operates the OTCBB.
The other difference between the pink sheets and OTCBB is that there are stricter standards for OTCBB. OTCBB issuers have to register with the SEC. For the purpose of this article we will only discuss the pink sheets quotation system. (To read more about the OTCBB, see Spot Hotshot Penny Stocks.)
Read more: The Over-The-Counter Market: An Introduction To Pink Sheets http://www.investopedia.com/articles/fundamental-analysis/08/pink-sheets-ottcb.asp#ixzz4lUktfAMn
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I really would think once land closes, permits filed and they have the go ahead, uplisting will come soon. Then this should pass a dollar pretty easy. People get excited and the fear of missing out on a huge run is what will cause it to surpass a dollar.
I know right, but it we did get a kick start with that excellent news last night.
Very well put, but he is right about "time will tell' because time will tell about how some were bold and some left in the cold.
Otherwise it will be too late to bring the pps up imo/quote]
You would be absolutely wrong, most of us longs know what we own and a delay of a couple of weeks would not change anything, especially to those of us in the real estate business. Closings get delayed all the time for any number of reasons!!
Looking good for tomorrow!
Because of our world-class shale plays and sensible regulatory environment, our state now accounts for more than one-third of the nation’s oil production and is home to more than half of all U.S. oil and gas jobs. If Texas were a country, it would rival the production of many OPEC nations./quote]
I don't think permits will be a problem, do you!!!
Excellent find by the way!
Now all we need is a grandiose PR announcing land closing with a long comment about the pipeline approval and Trumps plan to make America a leader in exporting oil/energy and we will be at a dollar before you know it. All this oil is gonna need refining before shipping to Mexico and look where the pipelines are located.
I really really hope they GTFO, because the drop in price is always caused by wannabe's.
Holy smokes, that's gotta be good news!!
Seems to me the only shareholders he is in trouble with are the ones who are impatient or got in over their heads, probably both. Traders like that typically do not know what they are doing anyways and are soon out of business regardless of the stock they choose.
I'm in real estate and their are many small factors not in control of the buyer that can awry and cause a delay. The biggest is underwriting needing one more document signed or the lender having to redisclose because he got one figure wrong.
Why would he be in violation of the SEC?
Thanks for the info but what information are you talking about that they may not be able to be released? Surely it is not the land closing or anything else concerning the physical part of the business except that which pertains to the stock itself?