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Here’s some insight into the almost certain fraudulent “relationship” between MMEX and BlackTree.
If you even bothered to read the agreement, it’s likely you didn’t comprehend it. It is also clear you’ve no insight or experience in project finance.
First off, the agreement is contingency-based. This is not how legitimate deal teams orchestrate project financing or syndicate formation. There are few, if any cases in which a deal-broker raise is successful. The JV has no reason to provide ownership interest in the project to a deal-broker - it is poison - no legit JV deal gets done this way.
The proposed structure forms JV entities, known as Special Purpose Vehicles (SPV) or Special Purpose Companies (SPC), in this fraudulent case giving the BlackTree SPV/SPC entity a 60% ownership in the deal. Of course, that is totally, completely bogus. Why would the consortium of capital interests give away 60% of the deal to a bottom-feeding deal-broker? Here’s a clue - they wouldn’t.
The other 40% is “owned” by an MMEX-controlled party to the fantasy - recall MMEX owns no IP, has no proprietary technology, no luminary management or technical team, no experience in the sector, and adds less than zero value. MMEX is an insolvent Nevada shell, sitting atop more than $40-million in cumulative losses and current liability. It has no business operations, no production capability, no products, no employees, no suppliers, and no customers. MMEX has never generated a fraction of a cent in its history. If those aren’t sufficient negatives and deal killers, the 37-billion share super-dilutive equity structure is a deal killer in and of itself. No consortium would pull MMEX into a project financing syndicate, for those, and many other reasons.
Infrastructure projects have a 10-year to 20-year return cycle - Hanks will die of old age before any of the project (if it ever happened, and it won’t) paid out. Legit project teams are specialized - they are never compensated up-front, never compensated with ownership positions (conflict of interest), and have no bottom-feeding deal-broker in the mix. Doesn’t happen, never will.
Of course the penny-scamming promoters, Hanks, et. al. rely on their marks having no knowledge of any of this, let alone the ability to comprehend it.
Proof of a negative is a form of logical fallacy. BlackTree has zero (as in nada, zilch, none, no) verifiable history of procuring funding, in any form, for anyone.
It's web history and presence is close to non-existent, and it appears to be a single-person shop, much like MMEX, with a facade of "personnel" built around it.
There is no deal history available from any credible, legitimate source, no PR related to success in this, or any other sector. It is a fraud like MMEX.
Pumpers and share promotors rely on incomplete, or non-existent DD in scams like this - back to existence proof - there is none. Thus, BlackTree is a bottom-feeder, or worse, based on the total absence of track-record.
This nonsensical 8-K filing documents a meaningless PR, and contingency agreement with an unknown bottom-feeding deal-broker, BlackTree.
The underlying entity, VEC is a Delaware shell company, registered in 2016, with zero (as in no, nada, zip) documented business activity.
This is nonsense.
Your circular "logic" in your fraudulent commentary is utter nonsense. If MMEX had a business relationship of any kind, that were material, there would be 8-K filings with Siemens Energy and/or AirLiquide - that includes contractual relationships as a technology licensee, or any other material activity.
"OOOOOOOPS?! " is right - you're caught making fraudulent statements, promoting a documented securities fraud. The SEC complaint on the topic has been amended to reflect this fact. "OOOOOOOPS?! "
It is total B.S. - again, where are the 8-K filings?
Hanks pulled this kind of crap all the time. MMEX has no, as in zero, nada, zilch relationship with either company.
If you can prove it, by an 8-K filing, do so.
MMEX - You've Been Scammed!
Where are the 8-K fillings documenting these alleged partnerships? Here's a clue, there are none, because your post is fraudulent, no such partnerships exist.
MMEX - You've Been Scammed!
This is of course 100% false - completely fabricated, a fraudulent lie.
MMEX has no partnerships with either Siemens Energy, or AirLiquide.
This is pure pumping trash, now added to the growing list of complaints to the SEC regarding the MMEX fraud.
The MMEX marks have to be among the most gullible...
In one of the pumper venues, the cheer-leaders, promotors, and share pushers insist, in true-believer mode that the S-3 is raising new capital for MMEX - when it simply registers all 37-billion shares in the AS, which now effectively equals the OS...
They won't believe fact, no matter how clearly its presented.
In that same venue, I found a half dozen that believe the stolen, misappropriated stock photos of the refinery and solar farm on the MMEX site are really part of MMEX, built, and operational.
Talk about gullible. I almost feel sorry for a couple of them.
Indeed, this RS is going to be crushing - at least 1:200, maybe as high as 1:1000 - I don't know what FINRA will let Hanks get away with. He needs to artificially inflate the PPS to at least 0.20, which would be 1:177 at the current PPS, so rounding up suggests 1:200 at the minimum.
There will be hundreds of new, confused, and shocked bag-holders joining Hanks' dubious club shortly.
MMEX - You've Been Scammed!
Time to bend over, grab your ankles and grit your teeth (if you're holding MMEX shares). With today's S-3, predicted, and predictable, MMEX will now fully dilute to 37-billion shares - all free-trading!
The next predictable, and predicted event is the inevitable reverse split.
The number of imbeciles who don't understand the S-3 will likely create brief upticks in PPS, as gullible marks buy into the scam, misinterpreting/misunderstanding what's actually happening. It is hilarious!
MMEX - You've Been Scammed!
Yep - no big moves. CDEL has found a sweet spot to finish the dump around 0.0017.
For those "optimists" that think the MMEX share printing press will continue to run, you're in for a surprise. Once CDEL finishes dumping out the GSC conversion shares, one of two things will happen:
- the least likely is jacking up the AS. Recall that Hank's sole income stream is the proceeds from floor-less, convertible toxic debt. While jacking up the AS would allow dilution to continue (if FINRA approved it), it depresses the PPS and volume. This creates a problem for obtaining new toxic debt - toxic lenders need to cash out hand-over-fist, and a depressed PPS, declining volume and stagnant, sideways trading in the trips don't help that cause. Only the most bottom-feeding toxic lenders would sign into such a deal. That makes an increase to the AS unlikely, unless Hanks feels there's no alternative than to let GSC/CDEL continue to milk the MMEX turnip
- the most likely outcome is a massive, crushing reverse split, creating hundreds of new bag-holders.
The only remaining question is the ratio, 1:100, 1:200, 1:1,000 or greater - Hanks needs to get the PPS above 0.20, so the minimum at the current average would be around a 1:200. It isn't a question of if, just when...
Indeed - another reverse split, as MMEX crosses into a fully diluted 37-billion share OS.
Historically, M&K CPAS, PLLC has audited MMEX's 10-K filings, including the most recent three.
You can examine them all on SEC.gov/EDGAR.
M&K CPAS, PLLC is problematic - a known fraudulent firm that's been sanctioned numerous times - they have provided "audit" services to numerous convertible debt fraud outfits like MMEX.
Predicted, and predictable. The MMEX EOD painter is back, with a desperate 100-share marked close ($0.16 - yes, sixteen cents)... a "gain" of a whopping 0.00025, on an average of about 0.00014 in the time span of the transient run-up. Creating more bag-holders, maximizing CDEL and GSC's profits - Hanks is proud of all who participated.
MMEX - You've Been Scammed!
If I could "like" that post, I would.
The MMEX party's nearing its unhappy ending... another down day, on a VWAP of 0.001534 - the EOD painter is back, marked the close with another $80 trade. When Hanks' game of musical shares stops, there are no chairs. The next OTCM/DTC update should be enlightening. Note the 8.5-million share T-trade below 0.0015. Mass exodus should begin soon.
Of course the OTCM/DTC update is mere formality - MMEX itself documents the entire 37-billion AS is exhausted, consumed in the issued OS, and debt reserves.
There are few options:
- do nothing, MMEX stagnates, volume and PPS plummet, it flat-lines, and Hanks is unable to take down more toxic debt, his income stream dries up
- try to jack up the AS, in a way worse than doing nothing, as the same outcome occurs, only more attention is drawn to the fraud as a desperate Hanks tries to run the share printing press on fumes
- the inevitable, a reverse split - Hanks has a little run way, but we all know what is coming. Once his credit line, a "Gimme" from Gabe at GSC runs out, it'll be time for all those MMEX STRONG to bend over and grab their ankles - they'll be new members in Mad Jacki-boi's bag-holder club.
MMEX - You've Been Scammed!
MMEX-scam has not raised a fraction of a cent through share transactions. That is a B.S. claim, fraudulent.
90% of the proceeds of MMEX-scam's floor-less, convertible toxic debt have been siphoned off into Mad Jacki-boi's private, offshore shell, Maple, "consulting fees," and similar rubbish. 10% of the toxic loan proceeds funded the props in the MMEX-scam charade.
MMEX-scam has no treasury shares. All of Mad Jacki-boi's scheming funnels money to line his pockets.
MMEX-scam is not "over-shorted," and there is no "short squeeze" - this is penny-scammer fantasy.
MMEX - You've Been Scammed...
With MMEX-scam, there is no short squeeze - that is penny-scammer B.S.
MMEX has never had any substantial short positions, no FTD's. Retail traders can't short it. Call your broker - tell them you want to borrow 1-million shares to short. After the raucous laughter ends, make sure you ask about Reg SHO and the $2.50 rule. Report back to the community what you find out.
With MMEX-scam, there are two forms of shorting activity; normal, intra-day operational shorting, required to make a market for highly illiquid sub-penny trash like MMEX-scam, and CDEL's ongoing short-and-cover operation, used to step out shares created from "debt" - thin air...
CDEL has no risk or exposure - they have billions of shares in the dilutive "debt" pool, including anti-dilution warrant coverage - practically speaking, they have an infinite supply of shares to cover from.
MMEX - You've Been Scammed....
Massive, crushing dilution, and destruction of shareholder value... MMEX-scam's "refinery" is a share printing-press operated by Gabe at GSC.
MMEX - You've Been Scammed!
What nonsense... MMEX-scam has no "insider" trading, buying or selling. Insiders have trading windows, and filings are required to execute trades for insiders - there are none.
Made up nonsense fails to advance the MMEX-scam cause.
Today's run-up was driven by bogus PR, parroted, in unvetted form by NGI, and misrepresentation of the CRU lawsuit - CRU dropped the original suit, and filed a new one with altered language, omitting the fraud claim. It will now be easier to prosecute the matter in court, with minimal impact on the outcome (against MMEX).
MMEX - You've Been Scammed!
In pictorial form, 5-year history of MMEX... by any objective measure, an utter failure. The initial pump was sparked by the "left-hand" Jack W. Hanks Jr. of Maple Resources, selling the "refinery rights" to the "right-hand" Jack W. Hanks Jr., of MMEX - an insider scam so obvious it should hurt. Then steady decline as Hanks' marks caught onto the scam, the de-listing from QB, 547-days in trips, to the current pump. I had to chart a log version to make the current pump visible against the initial pump. The failed April 2018 "Will Hurd" pump attempt doesn't even make a blip in the chart.
MMEX - You've Been Scammed!
Not to worry, there are at least 6-billion more shares, wholly dilutive yet to come.
MMEX-scam will never disappoint on shareholder dilution, and crushing, massive losses.
MMEX - You've Been Scammed!
As ww all know, charting a heavily manipulated penny-scam like MMEX-scam is of dubious, specious value - lie charting a random number generator.
The "chart gods" fail on this one, and many other similar scams - they're simply trying to suck in more gullible marks.
MMEX.- You've Been Scammed!
MMEX-scam isn't an energy company - it is a share-selling scheme based on floor-less, convertible toxic debt.
Hanks isn't in the energy business - his only business is selling shares as part of an ongoing securities fraud campaign.
Conflating MMEX-scam with any legitimate business activity is misleading at best. MMEX-scam will never produce anything other than "investor" losses.
MMEX - You've Been Scammed!
The float value isn't accurate - no update since Feb. 2019. The DTC holdings reflect a mostly accurate number.
More Hanks/MMEX-scam garbage... BlackTree is a deal-broker, third or fourth on involved in the scam since it started.
Look at all the safe/harbor, forward-looking statement crap in this garbage PR. Hanks is trying to milk this last pump before the RS for all it's worth - there are enough bag-holders and gullible marks out there to buy into this nonsense.
What a laugh!
MMEX - You've Been Scammed!
MMEX-scam is not a legitimate company - it is an insolvent Nevada shell, disguised to look legitimate.
MMEX-scam has no business operations, no production facilities, no employees, no products, no suppliers, and no customers.
MMEX-scam has never generated a fraction of a cent of revenue in its entire existence, its sole income stream has been the proceeds from floor-less, convertible toxic debt - more than twenty notes.
MMEX-scam owns no intellectual property, or proprietary technology. MMEX-scam has no luminary management or technology team. MMEX-scam sits atop more than $40-million in cumulative losses and current liability.
MMEX-scam is a super-dilutive "equity," with a bloated, structurally deficient capitalization, having exhausted 37-billion authorized shares, read for a reverse-split. MMEX-scam's SEC filings read like a series of investor horror-novellas.
MMEX-scam has no outside directors, no financial controls, no corporate governance. MMEX-scam's CEO, President, and CFO are all the same individual, Jack W. Hanks Jr., a known criminal fraudster and grifter, with a 30+ year history of investment fraud and loss generation.
MMEX - You've Been Scammed!
More ridiculous B.S. - no retail trader can short MMEX-scam. There are no significant short positions in MMEX-scam, no FTD's.
The only ongoing shorting activity is intra-day, operational shorting, required to make a market in this crap ticker. CDEL is using short-and-cover tactics to step out conversion shares, hundreds of millions, to billions every day, however their exposure is zero - they have an infinite pool of "debt" to cover from.
MMEX - You've Been Scammed!
MMEX-scam diluted by another 330,495,893 shares in one trading day, bringing the OS to 30,102,128,107... just 6.9-billion more shares to go before the AS cap is hit. In reality, the AS is immaterial, as all of those shares are either issued and outstanding, or reserved for dilution. What a party this is going to be!
MMEX - You've Been Scammed!
The chances of MMEX-scam partnering with any legitimate business are absolutely zero. The chances of MMEX-scam partnering with ExxonMobil are less than zero.
MMEX-scam is a fraud - there is nothing to gain by any company partnering with a fraud.
MMEX - You've Been Scammed!
This clown is an ST pumper, 'Gunny6212' clueless, profoundly uninformed.
MMEX insiders hold less than 10% of the OS, about 21-billion shares, all free-trading. No "refinery" will ever be built by MMEX.
MMEX - You've Been Scammed!
It won’t be long now… a few trading days, ten at the outside…. MMEX-scam’s most likely structural cure is a reverse-split - made nearly inevitable by 1-billion shares of dilution every trading day. Pursuant to SEA Rule 10b-17, issuers must notify FINRA at least 10 days prior to the record date for such corporate action. ... FINRA may, in its discretion, conduct detailed reviews of submissions, on a case-by-case basis.
Will it be 1 for 100? 1 for 1,000, or more? That 37-billion share AS cap is just days away. Hanks likes to “surprise” MMXE-scam “investors” by announcing these things Friday’s, after the market closes. Interesting times...
MMEX - You've Been Scammed!
You're seeing Gabe at GSC convert out - bail as fast as possible, before the inevitable RS. No toxic lender gets caught as a bag-holder.
A billion shares of dilution every single trading day.
About seven more trading days at the current rate of stepping out wholly dilutive conversion shares, before MMEX-scam hits the 37-billion share AS cap.
There's a structural problem, slightly more than 20-billion shares worth, that Mad J. created as he desperately tried to retain control of the MMEX-scam shell during the GSC default... just wait for it. A big "surprise."
The MMEX-scam bag-holder club is about to get bigger.
MMEX - You've Been Scammed!
Wow! A bogus Youtube video!
MMEX - You've Been Scammed!
Sad, a false, fraudulent claim. Please cite your source for the claimed short figure.
In the MMEX-scam case, MM's like CDEL are exempt from this rule - they use short-and-cover tactics, all intra-day, from the infinite pool of MMEX-scam shares created from Mad Jacki-boi's floor-less convertible toxic debt program, including anti-dilution warrant coverage.
Understanding the game is key to avoiding being defrauded - failure to understand the game creates new MMEX-scam bag-holders.
Try harder.
MMEX - You've Been Scammed!
This just kicks the can down the road, allowing GSC to milk the MMEX-scam turnip completely dry, all the way out to 37-billion shares.
The unsecured debt provides an income stream for Jack - but not enough to fund any construction or project costs - won't even pay salaries in this industry.
Tit-for-tat, some chump change in return for crushing MMEX-scam shart-holders out of existence.
MMEX - You've Been Scammed!
Yep - today's 8-K documents issuance of shares, associated with old debt, under the 37-billion AS cap, along with two notes, unsecured, totaling $325K. They're going to run the share printing-press all the way out to 37-billion shares - the reverse-split is all but guaranteed.
MMEX - You've Been Scammed!
02/11/2021 - MMEX-scam Outstanding Shares: 19,024,883,051
03/08/2021 - MMEX-scam Outstanding Shares: 25,974,170,514
MMEX-scam has diluted shart-holders by 6,949,287,463 shares in less than one month. The total is higher - the one-month dilution will exceed 10-billion shares!
MMEX - You’ve Been Scammed!
No - this is one reason MMEX-scam is incorporated in Nevada - home of many similar scams - Nevada is non-recourse.
The only insight shareholders will ever have is MMEX's SEC filings - note that the most recent 10-Q consolidated financials are not audited.
What you can ascertain from the consolidated financials is the flow of cash, in the form of payments for consulting fees, to Hanks' off-shore private shell, Maple. In schemes like MMEX-scam, the proceeds from toxic notes are siphoned off in the form of consulting fees, laundered through, and protected by the off-shore shells, and in turn flow into Hanks' hands (or Lemons, via BNL Trust).
Nevada's non-recourse structure, MMEX-scam's lack of corporate governance, financial controls, the fact that Hanks is president, CEO, and CFO, and the structure of payments to the shells and trusts shields Hanks and the insiders from any potential shareholder scrutiny, and more important, ability for financial recovery in the courts.
MMEX - You've Been Scammed!