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Verifiably, nothing has been built on MMEX-scam's site. Flag-poles do not count, they are as worthless as MMEX-scam itself.
MMEX-scam hasn't secured any project financing, so nothing could've possibly been built. I live out here, and know for certain no construction has taken place. You can call VFools, and verify not a single component has been fabricated. You can call Saulsbury and verify no contract with MMEX-scam exists.
Pirouetting penny-scammers pumping garbage tickers like MMEX-scam is what's hysterical.
MMEX - You've Been Scammed!
Being bad at math, especially in cases like MMEX-scam is problematic.
With more than 17-billion shares in the OS, and growing every trading day, the mis-match between market cap and rational valuation prevents a company (a known fraud) from climbing significantly out of the penny range - remember, MMEX-scam has no business operations, no employees, no suppliers, no customers, and it is insolvent.
Basic business, and business finance. I know that's difficult for penny-scam pumpers to comprehend, but nonetheless these material facts limit MMEX-scam's PPS.
MMEX - You've Been Scammed!
By all means, please explain, using facts, a standard basis for valuation, exactly how MMEX-scam "going to Dollars $$" - facts and standard valuation is important, especially in MMEX-scam's case.
MMEX-scam has zero revenues. MMEX-scam has no suppliers, no customers. MMEX-scam has no business operations. MMEX-scam has no employees. MMEX-scam owns no intellectual property, no proprietary technology. MMEX-scam has no luminary management or technical team.
MMEX-scam is insolvent - in simpler terms for penny-scam pumpers, MMEX-scam is broke - it has cumulative losses and current liabilities exceeding $40-million.
MMEX-scam has no viable market, or business plan. MMEX-scam has consistently failed over 4-years to execute any legit business plan.
MMEX - You've Been Scammed!
Only if MMEX-scam executes a massive reverse split. There is no way a sub-penny fraud, with billions of outstanding shares gets to multi-dollars. One would have to be really, really (5x really) bad at math to conclude that MMEX-scam gets to multi-dollars - delusional...
MMEX-scam is a fraudulent share-selling scheme. Nothing more.
MMEX - You've Been Scammed!
MMEX-scam is not "ESG certified" - that is B.S., false. MMEX-scam is not a legit business, it is a scam, a share-selling scheme.
MMEX-scam's PR is false, fraudulent. This is the third incarnation of this sad, sorry pump - like the others, this is similarly B.S., and will never happen.
Anyone who's done actual due diligence knows MMEX-scam is a fraud - one of a long line of frauds and fraudulent "investment" schemes from Mad J.
MMEX - You've Been Scammed!
MMEX-scam's bogus poofta PR is of no value - it is 100% B.S., just like the rest of Hanks' scam.
The PR only has merit to the gullible and clueless. Polaris is a has-been/wanna-be/never-was, running a side scam deal. They don't have the technology, financing, or backing to pull this off. Hanks has done this twice before on this particular MMEX-scam variant. No one who knows anything is fooled.
Fortunately for Hanks and his scammer pals there is an endless supply of gullible penny-scammers. This pump is largely driven by social media, with an even bigger pool of degenerate gamblers, get-rick-quick desperate dotards, and clueless...
MMEX - You've Been Scammed!
More pumping B.S. - MMEX-scam has nothing to do with SpaceX, Tesla, or any other legit business. MMEX-scam is 100% fraudulent. Penny-scam pumpers spreading disinformation is just hilarious.
Everyone here is familiar with Hanks 30+ years of fraudulent "investment" schemes. MMEX-scam isn't going to supply anyone with anything, other than continuous losses.
MMEX - You've Been Scammed...
Yep, good 'ol Mad Jacki-boi still running his scam, with the help of his penny-scam pumping crowd... maybe he'll loan you some of his adult incontinence products...
Scammers gonna scam. Now that MMEX-scam has run the course posing as a down-stream play, Mad Jacki-boi will be able to get a few pennies by pretending to sell unicorn farts, H2, and such. Fortunately MMEX-scam has an endless stream of gullible suckers to bleed.
MMEX - You've Been Scammed!
Another Hanks "masterpiece" - of course no one in stinky-pinky land bothered to conduct DD on Polaris. Pirouetting penny-scam pumpers ingesting poofta PR is a hilarious show.
This is the D&B record for Polaris. We've all seen this MMEX-scam con before, with the string of Jack's "highly qualified" EPC's:
https://www.dnb.com/business-directory/company-profiles.polaris_engineering_inc.63616ef93c2f3d047103fc4bb94d637d.html
MMEX - You've Been Scammed!
It’s always hilarious to see pirouetting penny-scammers ingest Mad Jack’s poofta PR… What a laugh-riot - between the gullible, and the penny-scam pumpers, Mad J.’s toxic lending pals are in high cotton.
Wait until the dump. Everyone should realize Mad J.’s done this before, that PR (unverified at that) is free, and pretty much everything Mad J.’s ever emitted is a lie.
Mad Jacki-boi had to invent a whole new MMEX-scam lie, and wait for a fresh crop of suckers to combined with the lame pump. This is beyond hilarious!
It was a nice day to go fly...
MMEX - You've Been Scammed!
More MMEX-scam misinformation/disinformation...
We're all awaiting your "clever" explanation for the 17-billion shares of dilution.
No legit business would try to raise capital from the OTCM for an industrial project. Never going to happen - pure fraud.
MMEX - You've Been Scammed!
Sub-penny scams like MMEX-scam are life-changing - in the most negative sense. If you enjoy suffering 99.9% losses, into the asymptote, MMEX-scam is for you.
The pirouetting penny-scam pumpers are coming out of the woodwork.
MMEX-scam is an insolvent, debt-stuffed shell corporation. Its cumulative losses and current liabilities exceed $40-million. It has no business operations, no employees, no suppliers, no customers, owns no intellectual property or proprietary technology. MMEX-scam has no luminary management or technology team. MMEX-scam has no significant assets, the value of its assets is greatly exceeded by its liabilities. All of this information is contained in MMEX-scam’s SEC filings - public record.
MMEX-SCAM’s share structure, that of a super-dilutive equity, is unsustainable. There are currently more than 17-billion shares outstanding - more than 10-billion of those shares are free-trading. MMEX-SCAM’s dilution increases every trading day, as more toxic debt is converted and stepped out. There are currently 25-billion shares authorized, against 73-billion shares issued - a significant structural problem. The difference is insurmountable.
Anyone who can do basic math, and understands valuation knows the problem - the only out for MMEX-scam is another reverse split. That split will have to be massive, destructive to anyone holding MMEX-scam shares when the split occurs. To rationalize the share structure, that split will have to be on the order of 100 for 1, likely worse. This will be the second reverse split for MMEX-scam - it is inevitable. Just as in the first RS, anyone holding the bag will be washed out, suffering loss into the asymptotic zone.
MMEX - You've Been Scammed!
MMEX Resources launched this project almost four years ago, in March of 2017. On the surface, the Pecos County Refinery project has some appeal, across a number of fronts, ranging from U.S. energy independence, benefit to the regional economy, etc. Unfortunately, the project ia nothing more than a complex charade, associated with a quasi-legal securities selling scheme.
The OTC has traditionally been ripe for varieties of equities-based securities fraud schemes, ranging from so-called “pump and dump” promotion schemes, to more complex, pyramid-style schemes, many of which are rooted in what’s known as PIPE transactions - Private Investment in Public Equities. The latter are the subject of significant SEC scrutiny. Unfortunately, the number of these schemes is overwhelming, they are difficult to investigate, and they change structurally in an attempt to skirt securities laws.
Share-selling schemes are complex, and while they are legal in the literal sense, they exist in a grey area, skirting the intentions of securities laws. MMEX Resources is one of those potential schemes, walking a fine line between what is, and is not legal under U.S. securities laws.
On the surface, MMEX Resources appears to be a legitimate company, executing a legitimate business plan. Indeed, MMEX has made superficial progress on its Pecos County Project, including acquiring a 126-acre parcel of land, obtaining a TCEQ Type O Air Quality Permit, execution of an easement with UTLands, improvement of a construction haul-road - all relatively simple, and relatively inexpensive milestones, which to an unsophisticated retail investor, appear to be positive progress.
Unfortunately, all of this activity has been financed via a toxic lending scheme, fueled by “equity based lending” from the company’s OTC market capitalization. MMEX itself was formed by take-overs and reverse mergers of shell corporations that exist on the OTC market - public corporations, with zero assets, which are manipulated into publicly traded equities like MMEX. MMEX itself began as “Inkie Entertainment Group,” a Nevada-based film and entertainment company, that was eventually re-cast into MMEX Resources through five shell company reverse merger steps.
Today, MMEX Resources is an insolvent shell company, structured as a super-dilutive OTC equity. MMEX has cumulative liabilities and shareholder losses exceeding $40-million, current convertible debt exceeding $4-million, growing at a rate of about $350,000 every 60-days. The company is currently trading on the OTC Pink market as MMEX.
In the approximate four year period since MMEX announced the Pecos County Refinery Project, MMEX retail investors have been exposed to market losses that exceed 99% of their investment value, since the early April 2017 run-up of MMEX’s share price, and more recently, exposure to greater than 70% loss in investment value, in the period between November 17, 2017, the point in time MMEX conducted its groundbreaking event, to date. MMEX failed to meet OTC QB marketplace requirements, having been in default of the QB 0.01 closing price requirement, after 30 days in which MMEX’s share price closed below that threshold. MMEX de-listed from the OTC QB marketplace, falling back to the OTC Pink market beginning with the market opening on Monday, April 9.
MMEX Resources is unable to obtain project financing, or access conventional lending, and as such has resorted to the use of equity-based lending on a series of more than twenty convertible debentures, which are structured as Private Investment in Public Equities (PIPE) transactions. These notes, in excess of $3-million are floor-less convertible debt deals - each generating a relatively small amount of cash, heavily discounted on the front-end of the note, a portion of which is paid out to the lender itself, with the remainder going to MMEX. Over the cycle of the note’s maturity, the lender will convert the debt to shares in MMEX, which in turn are liquidated on the OTC market to cash. The number of shares is virtually unlimited, because the note uses a market-price based “ratchet” instead of a fixed number of shares to repay the debt.
Because MMEX Resources is a Nevada corporation, a non-recourse state, it has virtually unlimited ability to increase its authorized, and issuable shares of common stock.
On March 31, 2017, the Company amended its articles of incorporation to provide for an increase in the authorized shares of common stock from 3,000,000,000 to 5,000,000,000 shares. Since that event, the authorized share count has increased to 25,000,000,000 (twenty-five billion shares). In addition, the articles of incorporation were amended to provide for two classes of common shares: (i) Class A Shares, having one vote per share, and (ii) Class B Shares, with 10 votes per share.
Subsequent to January 31, 2018, the Company amended its articles of incorporation to provide for an increase in the authorized shares of common stock from 5,000,000,000 shares to 12,000,000,000 shares. That number has since more than doubled, to 25-billion shares. There is still a structural problem, in that MMEX needs approximately 41-billion authorized shares to cover warrant riders, issuances to executives, etc.
The huge number of MMEX authorized shares serves as the “fuel” for issuance of these toxic notes.
As an example, during the three months ended January 31, 2018, Vista, one of MMEX’s lenders, converted $182,170 principal into 33,836,872 total shares of the Company’s Class A common stock. The 33.8-million shares in this conversion were unregistered securities, subject to SEC Rule 144 holding period requirements. When these 33.8-million shares entered the market, after the Rule 144 holding period expiry, they became immediately tradable, and dilutive to existing retail investors. Using the average period closing price for MMEX, this single transaction resulted in gross proceeds to the lender of $329,819 - a 176% return on investment, and immediate dilutive impact to MMEX’s retail investors of those 33.8 million shares, and the equivalent dollar loss of $329,819.
On March 1, 2018, MMEX, through an amended S-1 transaction, registered 220-million shares of its stock to Vista, allowing Vista to avoid the SEC Rule 144 holding period requirement, and immediately liquidate its holdings in MMEX shares. The same process is applicable to all of MMEX's lenders, now that its S-1A registration is effective.
One of MMEX’s toxic lenders is GS Capital - now the majority holder. GS Capital LLC is a two-person firm, led by Gabriel Sayegh (the ‘GS’ in the firm’s name). GS Capital is a well-known toxic lender - they masquerade as an arm of Goldman-Sachs Capital (the legitimate private equity arm) for Goldman. GS Capital LLC is not associated with, part of, or otherwise connected with the legitimate firm or any part of Goldman-Sachs.
I’ve provided a summary of the mechanics of toxic PIPE financings of the nature MMEX is using at the end of this email as a reference, should it be useful.
With respect to MMEX Resources, and its principles, including Mr. Jack W. Hanks Jr., the following information may be useful - this information was excerpted, verbatim from MMEX’s SEC filings, including its 10-Q, 10-K and related filings, available through sec.gov:
Background of the Company
The Company was engaged in the exploration, extraction and distribution of coal from September 23, 2010 until April 12, 2016. As of April 12, 2016, the Company changed its business to the exploration, extraction, refining, distribution of oil, gas ,petroleum products and electric power. Effective as of April 6, 2016, the Company changed its name from MMEX Mining Corporation to MMEX Resources Corporation to reflect the change in its business plan.
Company History
MMEX Resources Corporation (the Company or "MMEX") was formed in the State of Nevada on May 19, 2005 as Inkie Entertainment Group, Inc., for the purpose of engaging in the production, distribution and marketing of filmed entertainment products. On January 15, 2008, the Company changed its name to Quantum Information, Inc. In January 2009, the Company announced that it would transition out of the filmed entertainment products business and into the coal business. As part of that transition, on January 14, 2009, the Company sold all of its assets in exchange for the surrender to the Company of 4,000,000 shares of the Company's common stock, and the assumption of all of the Company's liabilities. The Company also changed its name to MGMT Energy, Inc. on February 5, 2009 to Management Energy, Inc. on May 28, 2009 to better reflect the Company's business focus. On September 23, 2010, the Company, through a reverse merger, acquired 100% of the outstanding shares of Maple Carpenter Creek Holdings, Inc., ("MCCH") a Delaware Corporation, organized on October 15, 2009 as a holding Company with an 80% interest in Maple Carpenter Creek, LLC ("MCC"), which in turn owned a 95% interest in the subsidiary, Carpenter Creek, LLC ("CC"), and at the time of the merger, owned a 98.12% interest in Armadillo Holdings Group Corp. ("AHGC"), which in turn owned an 80% interest in Armadillo Mining Corp. ("AMC"). As of April 30, 2013, AHGC owned 94.6% of AMC through additional capital contributions. The non-controlling interest of 1.88% in AHGC was subsequently acquired by MCCH on December 21, 2010 in exchange for 313,339 shares of MMEX. On February 22, 2011, the Company amended its articles of incorporation to change the corporate name from Management Energy, Inc. to MMEX Mining Corporation. On April 6, 2016 the Company amended its articles of incorporation to change the corporate name to MMEX Resources Corporation and to authorize the Company to issue up to 1,000,000,000 common shares and 10,000,000 preferred shares.
A summary of the recent “chain” of shell corporation transactions on OTC: Inkie Entertainment Group, Inc. -> Quantum Information, Inc. -> MGMT Energy, Inc. -> Management Energy, Inc. -> MMEX Mining Corporation -> MMEX Resources Corporation (ignoring all the interrelated reverse merger/acquisition including MCCH, MCC, CC, AMC, and AHGC)
Recently, Hanks promoted a similar project to MMEX, a “startup refinery” that was to be built in Guatemala. That project was never realized, and a nearly identical “script” is being executed in the United States, with respect to MMEX’s Pecos County Refinery project.
Prior to that, Hanks last business, Maple Energy PLC was traded on the London Stock Exchange. It was suspended, then de-listed.
The de-listing event was due to creditor default - failure to pay back toxic notes similar to those executed by MMEX. The suspension and de-listing were advertised to the shareholders as “taking the company private”.
Here are some links:
http://www.morningstar.co.uk/uk/news/AN_1413481663184159500/maple-energy-receives-offer-for-substantial-part-of-ethanol-subsidiary.aspx
http://www.morningstar.co.uk/uk/news/AN_1414407451582964600/maple-energy-rejects-offer-to-sell-stake-in-ethanol-subsidiary.aspx
Suspension:
http://www.morningstar.co.uk/uk/news/AN_1418037981104813800/maple-energy-shares-suspended-as-lenders-finally-call-in-loans.aspx
De-listing:
http://www.londonstockexchange.com/exchange/news/market-news/market-news-detail/MPLE/12381600.html
This list is the partial reference for many of Hank's other ventures:
MMEX Mining
Maple Resources
Latam Services
Infrastructure Fund of Texas
Maple Management
Maple Project Finance
Collet Oil Ventures
The Maple Gas Corporation
Maple Water Company
JRE Holdings
JRE Finance
Maple Gulf Coast Properties
Condor Oilfield Service
Maple PowerResources
Sting Sports Group
Maple Carpenter Creek
Montana Royalty
Maple Structure Holding
Maple Coal Services
Maple Werks
Notre Capitol Ventures
One should also take a look at Hank’s status with the Texas Bar Association, and his history back to the 1988 fraud case that was brought against Mr. Hanks:
https://www.deseretnews.com/article/7873/US-MULLS-FRAUD-SUIT-AGAINST-LAW-FIRM-LINKED-TO-STT.html
Structured PIPE Share-selling, aka “Death-Spiral Financing"
This is a short, simplified example of the mechanics of a PIPE financing of this type - also known as “death-spiral financing".
MMEX’s “loans” against “equity” are structured PIPE transactions, which on the front-end generate a cash discount, paid to the toxic lender, and a cash component, paid to MMEX - roughly $100K chunks. Each of the notes has an associated set of terms; an interest rate, maturity date, and most important, a market-based conversion formula, or “ratchet.” These transactions are “floor-less,” because instead of a fixed number of shares obtained at conversion, the number of shares available floats, based on the company’s share price. The shares are heavily discounted. As a rule of thumb, a deal structured around a $100K principle amount, on a normalized share price of 0.01, with average ratchet terms (30% - 40% discount) translates into 30-million shares of dilution, when conversion occurs.
When there is no limit on the downward adjustment of the conversion price, the prospect of large-scale conversions and sales at declining prices can create selling pressure which pushes the issuer’s share price downward.
Structured PIPE lenders are ambivalent towards the performance of the company because they can reap substantial gains as the stock spirals downward.
To illustrate the strategy, a lender will short sell the company's stock at a price of "X" per share. A high volume of short selling pushes the share price down to X-1. The lender’s conversion price is then reset to the discounted X-1.
The lender then partially converts the toxic note at X-1 to cover the shares it sold at X, delivers the shares necessary to cover the short sales, and has a large number of shares left over, which it can then sell when the price hits X-2.
The toxic lender is able to cover its own shorts, in intra-day short & cover strategy, with zero risk, because of the huge number of shares they receive on conversion.
The more the lender pushes down the market price with this strategy, the more profit it makes on each conversion.
If the lender short sells at X per share, it will make much more if it can convert its shares to cover at X-4 than it will make by covering at X-2.
The "death spiral" continues until the company is forced to issue huge amounts of virtually worthless stock. The toxic lender already locked in its profit with short sales while the ordinary shareholders get crushed.
Feel free to make this post sticky...
What's going on with MMEX-scam is a failing pump. There is a group of social media pumpers regurgitating old PR, cherry-picked misinformation, and false information - the pump is partly targeted at overseas retail investors who haven't been following MMEX-scam, along with the usual degenerate gamblers, the desperate, and the gullible - too lazy to conduct actual DD on this obvious scam.
The OS is going to increase by another nominal 8-billion wholly dilutive shares, as Mad J.'s toxic lenders milk the shell for all its worth - standard bust-out scheme.
"Old jack" is still the same 'ol con-man, grifter, and fraud - he sits around in his soiled Depends, trying to run his con - but senility and stupidity don't combine well.
MMEX - You've Been Scammed!
MMEX-scam has no business operations, no significant assets, no employees, no customers, and no revenue.
MMEX-scam owns no intellectual property, either in the form of patents or licenses, nor does it have any proprietary technology. There is no luminary management or technology team.
MMEX-scam has no suppliers, nothing of value. The bloated OS, more than 17-billion shares, grows every trading day - every share the toxic lenders flush in is wholly dilutive.
MMEX-scam is a debt-ridden shell, with cumulative losses and debt exceeding $40-million.
On any rational basis, MMEX-scam’s valuation is negative - each share is worth less than a single square of the lowest quality toilet paper on the market.
MMEX - You’ve Been Scammed!
MMEX-scam isn't "running to silver" next week, or anytime soon, unless there's a reverse split - and that would only be temporary.
On the basis of price alone, MMEX-scam would have to effect at least a 36 for 1 RS. That still doesn't address the problem with MMEX-scam's OS.
All the penny-scam pumpers pirouetting about, blathering B.S., regurgitating stale PR, etc. don't change the fact that MMEX-scam is a sub-penny, sub-par share selling scheme based on conversion of toxic debt into free trading, wholly dilutive shares.
MMEX - You've Been Scammed!
The MMEX-scam pump is running out of steam - terrible volume, all the loaders are letting Mad J. and his toxic lenders down bigly - there's no way they can unload another 8-billion shares of purely dilutive, converted debt at this rate.
Across the forums in which MMEX-scam's being pumped, questions are coming up, as the semi-gullible figure out that this scam's being going on for 4+ years, there's no refinery, no revenue, no nothing.
It's absolutely hilarious - the MMEX-scammers are unable even to conduct a proper pump....
MMEX - You've Been Scammed!
The MMEX-scam shart-holder letter is 100% misinformation - part of Mad J.'s pathetic, fraudulent scheme. Everything in it is false.
MMEX-scam has no viable business relationships with anyone. It is also an interesting disclosure, reported to the SEC, and IRS/Treasury, that MMEX-scam took out a PPP loan - while having no employees or business operation - no payroll! The SEC form 10 filings confirm MMEX-scam has no business operations or payroll, yet Mad J. scammed the federal government out of a PPP loan.
The problem with share-pushers is that they never do any DD - they get trapped in the B.S, of their own incompetence and fraudulent schemes.
MMEX - You've Been Scammed!
Self-referential B.S. PR from MMEX-scam fails to support the claim.
Most of MMEX-scam's PR is nearly 100% false - fabricated garbage, just like the May 2020 shart-holder letter.
Anyone can obtain the PBR application packet from TCEQ, which contains the topping unit design and spec - the company, MMEX-scam simply flat out lies.
The MMEX-scam fantasy is beyond hilarious - this is what Mad J. relies on - ignorance, lack of DD, and lack of sector knowledge.
MMEX - You've Been Scammed!
Of course, this is utter pumper-fantasy B.S. - MMEX-scam is in no way “ESG compliant,” and the only claim it can make vis-a-vis low carbon footprint is that there is no facility - MMEX-scam has no, as in zero business operations.
The rudimentary topping unit MMEX-scam had permitted (a $100 Type O AQP, under PBR) is neither ESG compliant, or low carbon. It isn’t even functional - if it were somehow ever funded, and built, it would not be operable, could not produce a single drop of marketable product, and would fail to pass start-up commissioning.
The permit, and associated rudimentary topping unit design is freely available from TCEQ for review. Any competent engineer can assess it for the garbage it is.
MMEX-scam is a total pumping scam, a classic share-selling scheme.
MMEX - You’ve Been Scammed!
GS Capital Partners, LLC is one of MMEX-scam’s toxic lenders.
GSC is a well-known toxic lender - a two-person firm led by Gabriel Sayegh.
MMEX-scam’s GSC has no relationship to Goldman-Sachs Capital - misinformation, misrepresentation promoted by stinky-pinky scammers, pumpers, and share pushers.
Anyone with two neurons to rub together can see Saulsbury’s not involved - for them to be engaged, they need money. MMEX-scam has none. MMEX-scam’s not legit. Anyone can call Saulsbury, to confirm there’s no business relationship with MMEX-scam. There is no "project."
MMEX - You’ve Been Scammed!
The MMEX-scam volume increase was absolutely necessary, it allowed MMEX-scam's toxic lenders to step out more wholly dilutive shares - went from about 13-billion in the OS to more than 17-billion.
Of course, this scheme depends on the gullible, degenerate gambler, aka MMEX-scam bag-holder.
MMEX - You've Been Scammed!
No, far simpler than that - I detest scams, like MMEX-scam, and its perpetrator, Mad J.
I formerly litigated these cases in varied venues - representing sad, vulnerable victims of frauds like MMEX-scam in court.
I don't care about the people, or their money - "a fool and their money are soon parted." MMEX-scam has found a plentiful well of fools.
OTCM "equities" like MMEX-scam have no product, no customers, no nothing, except shares to sell. The entire OTCM should be shut down, wiped out, closed, as it is simply a giant casino hustle. MMEX-scam is no different.
MMEX - You've Been Scammed!
There are nearly four years of substantive, accurate posts in this forum, covering the MMEX-scam debacle in detail.
These posts include sector and sub-sector market analysis (from credible sources), technical analysis, analysis of MMEX-scam's SEC filings, direct to-the-source debunking of MMEX-scam fantastical/fabulist claims, etc.
All of this information is of course public.
If MMEX-scam were in fact legit, it wouldn't be trading on the OTCM. That's a fact. 99.9% of everything that trades in pinky-land is a scam - the remaining fraction are those companies that were once viable, and came to OTCM to die.
MMEX-scam is a self-documenting fraud - all anyone needs to do is read the SEC filings.
There are nearly 17.5-billion shares outstanding, a number that grows every trading day, as MMEX-scam's toxic lenders step out conversion shares from the debt Mad J. created - that's a fact.
Conjecture isn't required in the case of obvious scams like MMEX-scam. Anyone with a brain should be able to knit together the facts.
Charting a sub-penny scam like MMEX-scam is of no value - MMEX-scam is manipulated by various individuals/entities, there is no meaningful basis for charting a scam of this nature.
MMEX - You've Been Scammed!
The SEC, and other organizations have a substantial body of work, analyzing the consequences of “investing” in sub-penny share-selling schemes like MMEX-scam.
It is interesting to note the cross-sectional characterization of “investors” in OTC stocks like MMEX-scam; degenerate gamblers, looking for lottery-like outcomes, older, retired, low-income, and less educated “ nvestors” who will experience significantly poorer outcomes in OTC stocks like MMEX-scam.
MMEX-scam is a classic sub-penny, toxic debt based share-selling scheme. MMEX-scam in a nutshell:
- an insolvent, debt-laden shell company, with no significant assets
- no employees, no business operations, no suppliers, no customers
- no viable business plan, no fit in the refining sub-sector
- no possibility of producing a single drop of marketable product
- a technically flawed, inoperable proposed rudimentary topping unit design
- no possibility of obtaining legitimate financing
Of course, all of this is documented in MMEX-scam’s SEC filings - were anyone to bother reading them.
Outcomes of Investing in OTC Stocks
MMEX - You’ve Been Scammed!
The MMEX-scam pump is pure comedy gold... the imbecile that posted this on Twitter is a classic example - claiming falsely (i.e. an outright lie) that GSC is Goldman-Sachs... what a buffoon.
Anyone with more than two neurons to rub together can figure out MMEX-scam is a fraud, just by looking at the SEC filings. A deeper dive simply reinforces the egregious nature of Mad J.'s scam - MMEX-scam is textbook fraud - a sub-penny scam to victimize the gullible.
MMEX - You've Been Scammed!
Mathematically, the only means for MMEX-scam to reach "Multi pennies" is through execution of another reverse split.
There are billions of shares outstanding, and more wholly dilutive shares are created on each and every trading day, as MMEX-scam's toxic lenders continue to convert, and step out debt.
The OTCM pinky-scam mantra of "watch and learn" doesn't seem to apply to most of the delusional "investors" that throw away good money on scams like MMEX-scam.
What a laugh riot!
MMEX - You've Been Scammed!
The MMEX-scam pump already failed, and continues to fail - as the pump is exposed, only the scammers will continue trying to milk it - scammers become MMEX-scam bag-holders.
MMEX - You've Been Scammed!
MMEX-scam has absolutely zero short-squeeze potential. Retail traders can’t short it. There are no substantial open short positions, no FTD’s.
The OTCM stinky-pinky scam of claiming a short squeeze is ridiculous - conflating operational, intra-day shorts (these are transactional) by MM’s as a short squeeze is beyond amateur ignorance.
The FINRA data is authoritative on the matter, not spam/scam sites claiming intra-day transactional shorts. Shorting a garbage POS ticker like MMEX-scam would be suicidal.
MMEX - You’ve Been Scammed!
A tiny fraction, a small sample of the MMEX-scam pumping garbage floating around on social media...
Recycling old, stale MMEX-scam PR garbage, rumors, idiotic statements with no evidentiary support, nothing real - its just the same 'ol stinky-pinky OTCM garbage regurgitated over and over by the pumping crowd. Anyone who believes MMEX-scam is a business gets what they deserve.
What an absolute laugh riot!
MMEX - You've Been Scammed!
MMEX-scam has no bashers - just scammers, share-pushers, and hopium smokers. Basher's are the hobgoblin of the OTCM, especially in stinky-pinky land where POS tickers like MMEX-scam are stuck.
MMEX-scam has been a fraud from the onset, one of many in Mad J.'s endless grifts and cons. It was never legit, never will be - no "refinery," no solar farm, no unicorn ranch, just the endless MMEX-scam lather-rinse-repeat cycle of separating the gullible from their money.
MMEX - You've Been Scammed!
Wait for it... wait for it... there was no "huge T Trade posted, either before, or after close for MMEX-scam... more stinky-pinky share pushing and B.S.
T-trades are difficult these days, especially for POS tickers like MMEX-scam - too risky, too much attention on the shady traders and clearing houses after 2017 SEC victories in court...
This is why T-trades for garbage POS tickers like MMEX-scam are extraordinarily rare.
MMEX - You've Been Scammed!
More MMEX-scam pumping B.S. - there is no "short squeeze" on MMEX-scam - no actual short positions, no FTD's. It's all just pumping rubbish. Conflating intra-day operational shorts with a short squeeze is beyond amateur.
Nobody would take a short position in a scam POS ticker like MMEX-scam - fantasy, pure stinky-pinky fantasy. Retail traders can't short this POS.
All anyone has to do to figure this out is look at the FINRA data - not some scam site...
What a joke.
MMEX - You've Been Scammed!
The MMEX-scam ridiculous pump isn't really working - the Twitter and FB scammers are working overtime, and not getting anything in return for their efforts.
The scam is over, in the sense that recycled PR and lies that were garbage from the onset are still garbage two - three years later - MMEX-scam's been outed as a sub-penny POS scam ticker for more than two years now.
MMEX - You've Been Scammed!
MMEX-scam is easy to get into, but hard to get out of (with any money left).
MMEX-scam’s toxic lenders have billions of worthless conversion shares to step out, and they need gullible (wannabe) “traders” and “investors” to help Mad J.’s lost cause. When you see fraudsters like Citadel with an endless, diarrhea-avalanche of shares to step out, you know it’s a scam.
Like all MMEX-scam “investors,” the buy high, average-down, sell low model seems to be the case - gullible, desperate, degenerate gamblers, looking to get rich quick from a scam - the SEC’s academic arm has studied this phenomenon thoroughly. MMEX-scam isn’t a legitimate business. It is a worthless sub-penny scam.
MMEX - You’ve Been Scammed!
MMEX-scam has absolutely no connection with Tesla... what utter, total, complete B.S. - only in stinky-pinky land would such absolute crap be bandied about.
MMEX-scam is a sub-penny share-selling scheme - nothing more.
MMEX - You've Been Scammed!
MMEX-scam isn't being "signaled."
Signals are OTCM B.S./folklore. The gullible believe in some 14 (average number) mythical MM signals.
Trading is algorithmic - MM's don't use signals for MMEX-scam (or any other) trading, other than to deceive the gullible.
This is the common list of mythical signals, which are of course total B.S., even for a sub-penny scam like MMEX-scam:
1. 100 - I need Shares.
2. 200 - I need Shares badly but do not take the stock down.
3. 300 - Take (or I am taking) the stock down at least 30% so I can load shares.
4. 400 - Keep trading it sideways.
5. 500 - Gap the stock. Gap can be up or down, depending on direction of 500 signal.
6. 505 - I am short on shares
7. 600 - Apply resistance at the ASK to keep the price from increasing.
8. 700 - Move the price up.
9. 777 - Also recognized as a signal to move the price up.
10. 800 - Prepare for an increase in trading volume.
11. 900 - Allow the stock to float and trade freely.
12. 911 - Pending News/Press Release On The Way
13. 1000 - Don't let it run
14. 2100 - Let it run
MMEX-scam's MM's are nothing other than a component of a larger gambling-oriented criminal enterprise - it's hilarious to watch the delusional sucker "expert traders" talk about signals - what utter B.S. - think about it - with today's technology, trading platforms, etc., why on Earth would a MM need to broadcast publicly a signal, other than to manipulate a gullible, wanna-be "trader" in Stinky Pinky land. MMEX-scam is no different than any other sub-penny fraud - the only signals in use are either imaginary, or in play to manipulate the gullible.
MMEX - You've Been Scammed!
MMEX-scam is a comedic tragedy - a scam so obvious, profoundly so, such that it’s hard to believe there are sufficient gullible “investors” who play into Mad J.’s scheme.
Trading is algorithmic - MMEX-scam MM’s don’t use signals - that is utter nonsense. Any so-called signals that appear in the L2 stream are there to deceive the gullible OTCM “jedi,” among the most laughable goobers around.
The current MMEX-scam pump is readily identifiable on the usual suspect social-media platforms. It is beyond hilarious watching pumpers/promotors use two to three year-old “news,” trying to claim that it is either meaningful, or current. MMEX-scam has been dead from the onset.
From Mad J.’s fraudulent groundbreaking ceremony, conducted without a fraction of a cent of financing, to his rudimentary topping unit, which would never produce a single drop of product, even if it were somehow financed and built, the whole thing is just one big hilarious laugh (except for those who lost everything in the scam).
When Monday rolls around, the MMEX-scam pump will have withered and died.
MMEX - You’ve Been Scammed!
MMEX-scam - back to trips... the EOD tape painter failed miserably.
The pump started running out of steam yesterday - just like every failed MMEX-scam pump has done.
So much for "signals."
MMEX - You've Been Scammed!