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Amazing how people complain it didn't move very high on the 8k. They think it should have gone much much higher. MMEX is up
106.67 %, seems like a great move to me!!
Here's to you Mr. Rollercoaster know it all investor and all the people who bought MMEX high and when it went down sold, or when it came back up today to almost break even for them they sold for a small loss. That's how charts are made, by emotional traders who don't know how to read an 8k. I'm sure we will see a dip at .055 as well before we climb to .1
This was a great 8k, looking forward to more facts soon!
I just look at who the post came from and move on. The 8k definitely put the naysayers in their place. Obvious MMEX is on schedule and has accomplished everything they said they would. Not only is this an easy project but it is a no brainer when it comes to financing as well. The timing couldn't be better!
Well, it really looks like this 8k has put the nay sayers to bed. MMEX is looking good and performing every task needed to build a small refinery. Everything seems to be on schedule. Looking forward to the valuation. It's so easy to ignore the noise, I suggest everyone else do the same. They don't seem to get suspended like the rest of us do for posting off topic or insulting people.
Well I'm still not convinced this is not a very very elaborate scam (there is very little evidence indicating this is a scam), but I do own a boat load of shares.
The evidence is definitely weighted heavily on the side that it is NOT a scam. The DD from all the pro MMEX side is very very good.
The evidence against seems like pure speculation with no facts and a bunch of opinions. For instance, the nay-sayers try to say KPE nor MMEX has produced a contract between the two is evidence against.
Balderdash, they don't have to show anybody squat except between each other. MMEX also doesn't have to give an update every other day just to make you feel better. So put your big boy pants on and relax or move to a stock you feel all goose pimply about.
Why do they have to prove it? They have zero reasons to prove anything to anybody except the people they are deal directly with.
Do you really think they care whether you think this is a scam or not? Be real, they don't give a hoot about you or your opinions or what is going on here.
If it is not a scam then they have way more pressing issues to deal with than to worry about that!
By the way records also can take 6-8 weeks to be updated. If you knew the title company they closed with they could update you right away. I'm sure there can't be too many in that area.
Once again, to me this could still be a scam but to me the evidence is weighing heavier on it not being a scam. Besides when every bit of pro news is spun negatively it really paints a bad picture of those posters and they lose all credibility.
Seems like Jennifer Zimmons is taking her sweet little time putting out PR's for MMEX!
OCMillionaire Member Level Friday, 04/07/17 03:06:31 PM
Re: jonestint post# 34996
Post #
35023
of 40514 Go
"I have good news, everyone. I e-mailed and left messages with the available contacts for MMEX and just got a call back from a very nice woman named Jennifer Zimmons. She is in charge of Investors' Relations and reached out because a lot of people are calling. She said they are in the process of creating a Q&A to be published either in the form of a press release or on their website. They are also discussing a conference call or calls with Mr. Hanks himself. From the sound of my conversation with her, I'm confident we have a nice long-term opportunity here. I'm discouraged with the price decline as well, but brighter days are ahead. Let's all keep a good attitude and look forward to the once MMEX shell becoming a prosperous ticker symbol merger. Good luck to all.
4 thoughts for this morning.
1. Why would KPE engineering do any kind of work or make any kind of partnering with MMEX unless they had a contract with a large retainer fee attached?
2. If this is a pump and dump, why are they stopping at .05 cents, they wouldn't. They would run this way higher before selling off.
3. This is just panicked sellers, I doubt too many shorters are involved as shorting a penny stock like this one is very dangerous.
4. Most of the players in this type of stock are in & out and onto the next one. They cannot sit still nor handle the slightest drop. Plus there have been too many actual P&D's to easily scare people away.
Only post for the day.
If MMEX was really a scam ( which it may be a very elaborate one) but I doubt it.There are just way too many reason to build it. Plus there are other companies building refineries now, so this is not like a brand new impossible nor improbable idea.
Don't you think they would take the pps much much higher, might as well put out a few more PR's and take it a dollar. At least make it worth your while and pump it up high as it can go!!
Look at DRYS, George Economou is a real scam Pos and he pumped it again and again.
One and only post for the day!!
Why wouldn't another company swoop in and build a refinery after MMEX made the announcement to build one?
Two reasons.
1. It's a bad idea. (No way)
2. MMEX is way ahead of the game and everyone else would be too far behind and would waste a lot of money and time and resources playing catch up only to decide not to build!!!
I would expect better than expected news to hit. "When" is the question.
I would also expect a steady supply of news once the lid is blown off!!
My one and only post for the day!!
What's the big deal about this stock? I'm banned to one post over on mmex. I'm long over there.
I'm long, but I find it very interesting that soooo many Ihub poster have so many connections with people closely connected to MMEX or people with valuable info regarding MMEX. Yet the BIG dogs with all the money don't. If they knew what the "ihub" posters claim they know, this stock would be at a dollar. Seems like a lot of reputations on the line this week with all these price predictions, GLTA
That was my only post for the day.
I did, to many one line headlines of "HUGE NEWS" with nothing substantive this morning. Market is waiting for real a PR.
In my DD, it does seem like the refinery is going to be built. Could this still be a P&D, that would not surprise me at all as well. Look at the scam plays in DRYS.
But realistically, the pull back was expected. The $.05 was a major hurdle, so the pull back was "needed". There will probably be one at $.10--$.25--.$50--$1.00 etc...
1. $450 million is NOT a lot of money to be raised.
2. Texas loves oil.
3. Texas WANTS an oil refinery
4. America NEEDS a new state of the art facility
5. Trump is behind oil
6. They own the perfect land for it.
7. Americans want progress by building forward.
8. NEWS, NEWS, NEWS everywhere about this.
9. Just keep adding to the list!!!!
Lot's of stop losses taken out
Profit taking
Fear selling
lack of valuation
Market always overreacts
Can only post once a day!
Market does not seem to care about the new good news, hmmmm.
Yep, all you have to do is scroll through about 100 post and there are links galore pointing to facts concerning MMEX.
The KPE news was unexpected and caused a nice pop. Hope this continues until valuation. But of course would love to play the dip as well.
Nothing wrong with taking profit.
Seriously, that is incredible news!!
Amen to that. Why would KP align themselves with a scam. This really is huge, I not shocked though by the sheer stupidity of the bashers.
I added on that news!! 200k more
I understand taking profits, but holy George washington, why take dollars when you could have thousands. This is NOT the time to take profits.
What some people don't realize is, why would mmex NOT build a refinery? America wants it, Texas wants it, the Permian basin needs it, thousands of jobs will be created via directly and indirectly, there is a butt load of money to be made. The infrastructure is there, permits are easy to get, the money to build is easy to get. All the pieces of the puzzle are there, Jack Hanks is just putting them together! People can do amazing things when they have a vision and a proven business plan.
Nice find, thanks!
Think of how many will buy it just because it was in Bloomberg! They will think this is a steal after realizing this has the potential to reach $5-$10 in a few years or at least $1 in a few months!!
My favorite......
stervc Member Level Monday, 03/13/17 03:42:44 PM
Re: drog68 post# 6645
Post #
10702
of 18404 Go
MMEX .583 Valuation & $30 Million NOL Tax Shelter
Following the 8-K filed by MMEX below, I will show how the ”potential” valuation for MMEX is approximately .583 per share based on the info from the 8-K below:
Quote:
http://ih.advfn.com/p.php?pid=nmona&article=74066594
Item 1.01 Entry into a Material Definitive Agreement
On March 4, 2017, MMEX Resources Corporation (the “Company”) entered into an agreement with Maple Resources Corporation (“Maple”), a related party, to acquire all of Maple’s right, title and interest (the “Rights”) in plans to build a $450 million, 50,000 barrels per day capacity crude oil refinery in Pecos County, Texas (the “ Refinery Transaction” or the “Project”). Pursuant to the Refinery Transaction, the Company agreed to acquire the Rights in exchange for the issuance of 7,000,000,000 new common shares (the “Purchased Shares”).
Completion of the Project is subject to the receipt of required governmental permits and completion of required debt and equity financing. The Company has previously incurred continuous losses from operations, has an accumulated deficit of approximately $30 million…
Based on the math from the 8-K info above, I have derived how it is fair to presume .583 per share as a fair valuation for MMEX:
50,000 Barrels Per Day x 365 Days Per Year = 18,250,000 Barrels Per Year
The link below confirms that the current retail price for a barrel of oil is $48.00+ per barrel. I will presume the price of oil to be $40.00 per barrel for the purpose of this post:
http://www.nasdaq.com/markets/crude-oil.aspx
18,250,000 Barrels Per Year x $40 Per Barrel Retail Price = $730,000,000 Revenues
The link below confirms a Price to Earnings (P/E) Ratio of 39.94 for 2017 for companies existing within the Oil/Gas (Production and Exploration) Industry:
http://pages.stern.nyu.edu/~adamodar/New_Home_Page/datafile/pedata.html
The P/E Ratio is the variable that is multiplied by the Earnings Per Share (EPS) to get where a stock should fundamentally trade compared to the other stocks within its Industry or Sector. The links below should help to better understand the P/E Ratio logic:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=57154170
http://www.investopedia.com/terms/p/price-earningsratio.asp
Because of the $30,000,000 listed as an Accumulated Deficit, this means that it is going to be officially used as a Tax Shelter as a Net Operating Loss (NOL). This will greatly enhance the profitability of MMEX. I was going to presume a Net Profit Margin of 10%, but with adding this $30 Million NOL, this makes it very fair to presume at least a Net Profit Margin of 20% for the MMEX operations. I will explain more about the NOL as a Tax Shelter after I explain the share price valuation below.
$730,000,000 Revenues x .20 Net Profit Margin = $146,000,000 Net Income
I believe to air on the side of caution, let’s presume a worst case scenario for the Outstanding Shares (OS) being maxed out to be 10 Billion shares:
Net Income ÷ Outstanding Shares (OS) = EPS
$146,000,000 Net Income ÷ 10,000,000,000 (OS) = .0146 EPS
EPS x P/E Ratio = MMEX Share Price Valuation
.0146 EPS x 39.94 P/E Ratio = .583 per share
Please, anyone with an issue with any of the variables I used above to derive the MMEX valuation, simply use the ”Substitution Property” to replace that variable and I am still confident that… bottom line… it will still reflect that MMEX is worth quite a few pennies.
MMEX $30,000,000 NOL Tax Shelter
MMEX has stated to have $30,000,000 listed on their Balance Sheet as an Accumulated Deficit within their 8-K fled below which is also no confirmed within its recently filed 10-Q filing below:
http://ih.advfn.com/p.php?pid=nmona&article=74066594
http://ih.advfn.com/p.php?pid=nmona&article=74079986&symbol=MMEX
This greatly justifies the company’s position as a huge merger candidate. The MMEX public entity is very attractive for a huge positive Net Income generating company wanting to merge into MMEX which is why this deal is being completed. This is because of the $30,000,000 being available to be used as a 2 year carry back and 20 year carry forward Tax Net Operating Loss (NOL) to reduce the taxable income for a merging company’s future tax years. That’s an average of roughly $1.5 Million in the reduction of its taxable income per year over a 20 year time frame or $3 Million in the reduction of its taxable income per year over a 10 year time frame. This is basically like adding $1.5 or $3 Million or so back into the MMEX amount of Net Income generated. Merging this project into MMEX would be better versus registering as a new entity or IPO-ing because you won’t have such huge ”tax shelter” otherwise as a huge tax benefit already existing.
Below are some good videos to listen and understand the logic regarding Net Operating Losses (NOL):
http://www.investopedia.com/video/play/net-operating-loss-nol/?ad=dirN&qo=serpSearchTopBox&qsrc=1&o=40186
http://www.investopedia.com/terms/l/losscarryforward.asp
http://www.investopedia.com/terms/n/netoperatingloss.asp
Net Operating Losses (NOLs) on the 3 Financial Statements
Then why are there thousands of companies listed on the stock market!! Hmmmmm
I'm learning that you do have to stay ahead of the game. I sold @.0087 and was crapping when it kept going up but I bought back in @ .0063 and .0055. I was up 350k in FNMA when it was @ 6.30 and never sold and of course it slowly drifted down. FWIW, I realized my wife bought me that book you recommended for my birthday in January. started reading it today. My biggest problem is knowing when to sell!!
I wouldn't either. Once everyone realizes nothing changed and they all just panicked
Just remember, the market always overreacts.
No one could have read the 10q that fast.
They did induce panic. That's what the market ALWAYS does, "OVERREACT".There is no way anyone had time to read the 10Q. They just reacted and over reacted. Tonight when people realize this after reading nothing has changed they will buy back in. EVERYTHING has stayed the same. Same might happen with a really good valuation. People react first, then research!
Thanks, it looks like they a "new" version. Do you recommend that instead?
I emailed Pioneer News Paper in Fort Stockton.Here is my question and there response. I also emailed Doty Scott again for a follow up, no response yet!!
Is MMEX really building an oil refinery or are they just blowing smoke? I was just wondering how everyone in town feel about this and if they have even applied for permits yet? This seems like such a positive event for all around, so I’m curious about how soon will there be more updates?
Thanks
Hello,
It’s an interesting question—we interviewed the CEO for the article we put up, but there are questions about what happens next. We’ve had some questions from others similar to yours, mainly because MMEX is traded as an OTC stock, so we’re keeping our ears open, but don’t have an answer for your question. As the EDC director said, “I’ll get excited when they actually break ground.” There is some news about a different company building a refinery that straddles the Pecos County/Reeves County line, as well, but all of that is based on a land purchase where the owner was told that was what the purchase was for... No further information yet.
Regards,
Pioneer Staff
How do you find or watch old shell companies going or getting current?
Nice cup and handle formed. Let the flippers flip. I would rather the shares be in stronger hands anyways. But I guess that's how charts are formed, by the traders emotions.
Yep, what's your pointless, the stock is trending up, hahaha.
And the company failed to file a simple 10Q for their third quarter and fell off the CURRENT PINK list./quote]
Nice cup and handle on the 15 min 14 day chart. I think with all the highly skilled DD/traders on this board, shorts get frustrated and start making crap up. They then get caught in it and have to leave.
Who posted this? I want to tweet the link?
MMEX .583 Valuation & $30 Million NOL Tax Shelter
Following the 8-K filed by MMEX below, I will show how the ”potential” valuation for MMEX is approximately .583 per share based on the info from the 8-K below:
Quote:
http://ih.advfn.com/p.php?pid=nmona&article=74066594
Item 1.01 Entry into a Material Definitive Agreement
On March 4, 2017, MMEX Resources Corporation (the “Company”) entered into an agreement with Maple Resources Corporation (“Maple”), a related party, to acquire all of Maple’s right, title and interest (the “Rights”) in plans to build a $450 million, 50,000 barrels per day capacity crude oil refinery in Pecos County, Texas (the “ Refinery Transaction” or the “Project”). Pursuant to the Refinery Transaction, the Company agreed to acquire the Rights in exchange for the issuance of 7,000,000,000 new common shares (the “Purchased Shares”).
Completion of the Project is subject to the receipt of required governmental permits and completion of required debt and equity financing. The Company has previously incurred continuous losses from operations, has an accumulated deficit of approximately $30 million…
Based on the math from the 8-K info above, I have derived how it is fair to presume .583 per share as a fair valuation for MMEX:
50,000 Barrels Per Day x 365 Days Per Year = 18,250,000 Barrels Per Year
The link below confirms that the current retail price for a barrel of oil is $48.00+ per barrel. I will presume the price of oil to be $40.00 per barrel for the purpose of this post:
http://www.nasdaq.com/markets/crude-oil.aspx
18,250,000 Barrels Per Year x $40 Per Barrel Retail Price = $730,000,000 Revenues
The link below confirms a Price to Earnings (P/E) Ratio of 39.94 for 2017 for companies existing within the Oil/Gas (Production and Exploration) Industry:
http://pages.stern.nyu.edu/~adamodar/New_Home_Page/datafile/pedata.html
The P/E Ratio is the variable that is multiplied by the Earnings Per Share (EPS) to get where a stock should fundamentally trade compared to the other stocks within its Industry or Sector. The links below should help to better understand the P/E Ratio logic:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=57154170
http://www.investopedia.com/terms/p/price-earningsratio.asp
Because of the $30,000,000 listed as an Accumulated Deficit, this means that it is going to be officially used as a Tax Shelter as a Net Operating Loss (NOL). This will greatly enhance the profitability of MMEX. I was going to presume a Net Profit Margin of 10%, but with adding this $30 Million NOL, this makes it very fair to presume at least a Net Profit Margin of 20% for the MMEX operations. I will explain more about the NOL as a Tax Shelter after I explain the share price valuation below.
$730,000,000 Revenues x .20 Net Profit Margin = $146,000,000 Net Income
I believe to air on the side of caution, let’s presume a worst case scenario for the Outstanding Shares (OS) being maxed out to be 10 Billion shares:
Net Income ÷ Outstanding Shares (OS) = EPS
$146,000,000 Net Income ÷ 10,000,000,000 (OS) = .0146 EPS
EPS x P/E Ratio = MMEX Share Price Valuation
.0146 EPS x 39.94 P/E Ratio = .583 per share
Please, anyone with an issue with any of the variables I used above to derive the MMEX valuation, simply use the ”Substitution Property” to replace that variable and I am still confident that… bottom line… it will still reflect that MMEX is worth quite a few pennies.
MMEX $30,000,000 NOL Tax Shelter
MMEX has stated to have $30,000,000 listed on their Balance Sheet as an Accumulated Deficit within their 8-K fled below which is also no confirmed within its recently filed 10-Q filing below:
http://ih.advfn.com/p.php?pid=nmona&article=74066594
http://ih.advfn.com/p.php?pid=nmona&article=74079986&symbol=MMEX
This greatly justifies the company’s position as a huge merger candidate. The MMEX public entity is very attractive for a huge positive Net Income generating company wanting to merge into MMEX which is why this deal is being completed. This is because of the $30,000,000 being available to be used as a 2 year carry back and 20 year carry forward Tax Net Operating Loss (NOL) to reduce the taxable income for a merging company’s future tax years. That’s an average of roughly $1.5 Million in the reduction of its taxable income per year over a 20 year time frame or $3 Million in the reduction of its taxable income per year over a 10 year time frame. This is basically like adding $1.5 or $3 Million or so back into the MMEX amount of Net Income generated. Merging this project into MMEX would be better versus registering as a new entity or IPO-ing because you won’t have such huge ”tax shelter” otherwise as a huge tax benefit already existing.
Below are some good videos to listen and understand the logic regarding Net Operating Losses (NOL):
Awe, sorry. But the email is real. Don't like? I don't care! Why would I post a screen shot of my personal info? EMAIL THEM YOURSELF, DUH. Read the question as well. No info was asked for nor disclosed other than "IF" they are doing a valuation and when it might be finished.
Not yet, the reply was
Phil is working on your project – will have him provide an estimate.
Thanks,
Al
/quote]