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Utter B.S. - Mad J.'s hiding behing COVID-19, because there's only bad news for MMEX-scam.
He hasn't been able to take down any new toxic notes, because of the current default, 37-billion share overhang, etc.
No progress, nothing material, other than more losses - so COVID-19 to Mad J.'s rescue...
MMEX - You've Been Scammed!
Um, nope… while spoken in true OTCM scam lingo, that’s just not how things like MMEX-scam pan out…
Once an OTCM scam, always an OTCM scam. MMEX-scam is no different, only more an obvious scam.
No amount of ‘patience’ will make MMEX-scam real, or generate any significant returns, especially now, past the point of no return:
- billions of authorized shares, more to come
- billions of outstanding dilutive shares, more to come
- no legit business plan, never a legit market opportunity
- a declining market sector, with zero opportunity - it’s all swirling down the bowl now
OTCM scams like MMEX-scam are designed to transfer your monies to Mad J., and his pals. Keep making donations. Mad J.’s bank account needs ‘em.
MMEX - You’ve Been Scammed!
Bwahahahahahahahahaha! What a joke MMEX-scam is…
‘Quietly accumulating for the next run…’ on a fabricated pump, that will fail, because there’s nothing inside of MMEX-scam except $41-million in cumulative loss and current liability, sinking into a failing market - and if that’s not enough, billions of shares of dilution.
This is so funny I ran out of ‘bwahahahahas’ - MMEX-scam is a clear and obvious fraud.
MMEX - You’ve Been Scammed!
It’s uncertain how any legitimate claim that MMEX-scam ever looked ‘promising’ could be made, now, this time last year, or any time since the inception of Mad J.’s current fraud.
There was never a need for an isolated, geographically stranded, inland small-scale ‘tea pot’ rudimentary topping unit in the Permian Basin. MMEX-scam was a fantasy from the onset, proffered by a mediocre grifter and con-man, Mad J. himself…
MMEX-scam was never intended to be anything other than a share-selling scheme. This has been obvious for three-plus years. MMEX-scam has been a mediocre share-selling scheme, at best.
Mad J. botched so many things it’s like he doesn’t even care, or more likely, suffers from age-related dementia, and isn’t even competent.
MMEX - You’ve Been Scammed!
No one but the trips vultures is trading MMEX-scam. OTCM just updated for 03/05, and there’s no material change in the O/S.
This means the degenerate gamblers/trips vultures are just taking in one another’s dirty MMEX-scam laundry, trading it back and forth, hoping for a run, and lotto money.
MMEX-scam is toast.
3-plus years of failure, failed promises, lies, and incompetence has come home to roost:
- Apache Corp. has shuttered operations in the Alpine High
- Conoco has divested of all its Permian operations
- more than a dozen services companies have reduced operations, filed chapter 11, or shuttered completely
- today’s stunning collapse of the crude futures market will crater all of the over-leveraged producers in the region
- the glut caused by oversupply will push WTI down to $20 - $22 before its all over, and kill the market for high-API WTI-Light
Even if MMEX-scam were a legit business (and it’s not), their failure to execute, and lag into this catastrophe is one of the last few nails in the coffin.
There is no opportunity for an inland regional in the Permian. Never was. Certainly there is no opportunity for a $100-million plus rudimentary crude topping unit, in a stranded, isolated location with no pipeline access.
MMEX - You’ve Been Scammed!
Even if MMEX-scam were a legitimate company, its PPS could not recover given the current share structure.
OTCM last reported updated figures on the A/S and O/S on January 24, 2020. At that point in time, there was an outstanding filing, not yet accepted, to increase the A/S to 37-billion shares.
That increase was intended to address the shares held in reserve for the dilutive impact to Mad J.’s toxic lenders - covered by anti-dilution warrant provisions, and required reserves on the outstanding notes.
Simultaneously, the O/S had increased to more than 13.35-billion shares.
Shortly after this mess, Mad J. gifted himself, and his insider pals another 38-billion shares, on top of everything else, while failing to alter the capital structure to account for those shares.
The required A/S to cover all this now exceeds 75-billion shares.
In addition, in the window of time that’s elapsed, the A/S has probably nearly doubled - the toxic lenders have been somewhat stymied by volume, but they continue to step out wholly dilutive conversion shares every trading day.
Simple analysis of the facts demonstrates that no share price recovery is possible, even with legitimate news. A second reverse split is inevitable, if MMEX-scam is even able to continue trading.
MMEX - You’ve Been Scammed!
This is nothing more than the MMEX-scam trips vultures sucking up Mad J.'s toxic lending pals trash... a total, complete sucker play.
Volume at $0.0001 is irrelevant. All this becomes is a rigged game of musical chairs, in which there were never any chairs to start with. When MMEX-scam executes its next, inevitable reverse split, all the bag-holders will scramble, finding there is no chair...
The laughable FOMO incentive of OTCM scammers is pretty well understood.
MMEX - You've Been Scammed!
What a joke - the bottom just fell out of MMEX-scam (again), with Mad J.’s loan shark pals resetting the conversion price to $0.000001.
For every $1K Mad J.’s toxic lenders convert, new, freshly stinky, wholly dilutive shares, to the tune of more than 1.666-billion shares are generated.
MMEX - You’ve Been Scammed!
MMEX-scam is fundamentally, fatally flawed in every possible aspect.
First, consider that if there were actually an opportunity for an inland refinery of any type, a legitimate company, with access to legitimate capital would have already built it.
MMEX-scam is not a legitimate company. MMEX-scam in a nutshell:
- an OTCM shell, insolvent, loaded with nearly $40-million in cumulative losses and current liabilities
- no assets, no business operations, no employees, no suppliers, no customers
- no intellectual property, no proprietary technology
- a super-dilutive equity structure, so fouled up there is no good record; outstanding shares exceeding 13-billion (low ball estimate), A/S now bloated to greater than 37-billion, more likely 76-billion if the capital structure and filings were reconciled following the requested increase to the A/S, and Mad J.’s massive blunder of gifting himself and his insider pals 38-billion more shares
- a share price stuck at, or below $0.0001, at times falling to quad zeros
- a useless paper-tiger of a rudimentary crude topping unit, lacking critical components, and permitted via a useless TCEQ Type O AQP
- the proposed facility would never be able to produce a single drop of any marketable product - the intermediate streams would all be negative margin
- no financing after more than 3-years
- one lie after another, including a reverse split that washed out the prior round of ‘investors’
- Worthless, unsubstantiated PR after PR, without ever any material results (unless one counts 38+ toxic notes)
- a known grifter, con artist, flim-flam man, Mad J., mostly senile, 100% crooked at the helm
MMEX - You’ve Been Scammed!
MMEX-scam has been, and is a share-selling scheme, operated by grifter and con man Mad J.
It won't go up again, because most are aware of the scam; three-plus years of it.
MMEX - You've Been Scammed!
More obvious MMEX-scam pumping B.S. - there have been a dozen similar announcements in the last three years, none ever accurate, none even remotely correct.
There’s never been a single corroborating, independent PR on anything MMEX-scam’s emitted into the PR space.
MMEX - You’ve Been Scammed!
Poor full-diaper Mad J., and his little MMEX-scam pump - another failure.
Although it impacted volume, it was just shares changing hands from one trips vulture to another - zero impact on price.
Let’s examine why:
MMEX-scam isn’t financeable. If it were, it would’ve obtained financing in the more than three years the scam’s been running.
V-Fools is part of the scam. EXIM doesn’t finance domestic projects in the U.S. Even if EXIM did provide this kind of financing, MMEX-scam/V-Fools, being mediocre hucksters and grifters wouldn’t be financeable.
MMEX-scam’s share structure is a complete train-wreck. After Mad J. gifted himself and his insider pals 38-billion shares (which exceeds the requested change to the A/S by more than 1-billion shares), he created a mess that won’t readily be fixed. There are more than 12-billion shares outstanding, with another 25-billion shares reserved for dilution. MMEX-scam would require at least 75-billion shares to cover everything that’s either in the O/S or in reserve.
Note there’s no 8-K, so nothing material has, or is happening. There’s no corroborating press - just the same old B.S. from V-Fools infamous grifter, Crappy Summerseve (a walking feminine hygiene product…).
MMEX-scam is still the same bowl-floater it’s always been. Mad J. and Crappy are still grifters, con artists, and scammers.
MMEX - You’ve Been Scammed!
This lie has been thoroughly exposed multiple times in the last three years - EXIM does not finance projects in the U.S., and MMEX-scam would not qualify for any EXIM project financing (or project financing from any source).
V-Fools and MMEX-scam are linked in the same con - what a joke and comedy it is to continue promoting a lie.
MMEX - You've Been Scammed!
MMEX-scam continues to be a comedy shite-show...
Of course, if the V-Fools / MMEX-scam announcement were material, there would be an 8-K (none so far), and corroborating press (there is none).
MMEX - You've Been Scammed!
There is no financing. Pushing false information about MMEX-scam fails to advance the case.
EXIM/V-Fools is not providing financing.
MMEX - You've Been Scammed!
Just another lame, half-a pumping attempt. The V-Fuel's B.S. is laughable.
Mad J. is up against the wall. He's got a dead ticker, past due toxic loans, and no money.
On top of that, he's got more notes coming due. There's no financing, nothing material in the pipe, so its time for a desperate pump.
Worse, there's a huge structural problem. Mad J. gave himself and his pals 38-billion shares of 'free' stock for an internally generated toxic note. The astute will note that this exceeds MMEX's authorized shares.
Then, there' the pending, but still not accepted bounce up to 37-billion shares, to cover existing dilution.
This thing is f'd.
MMEX - You've Been Scammed!
The stinky, toxic trash known as MMEX-scam continues to stagnate, moreover decompose on the Pink sheets - the smell is probably similar to full-diaper Mad J.'s stinky Depends...
A whopping six (yes, six!) trades, less than six million shares, all at $0.0001...
All the share-pushing trips vultures in the world can't move this toxic MMEX-scam sludge.
MMEX - You've Been Scammed!
At this juncture, most know that MMEX-scam is a worthless share-selling scheme.
In the 3-plus years of MMEX-scam’s promoting, share-pushing and pumping, nothing material has ever happened, unless one counts material losses of >99.999999%.
Bogus claims from those blithering about being long are obviously false - anyone holding since the first pump has been crushed out of existence by the continuous, massive dilution, and the reverse split, followed by more continuous massive dilution.
MMEX-scam now needs an authorized share count of at least 75-billion shares, to cover Mad J.’s egregious errors, including the toxic debt (about 37-billion shares worth), and another 38-billion shares that full-diaper Mad J. sharted out for himself and his insider pals.
MMEX - You've Been Scammed!
As of today, MMEX-scam has been promoted for 1,127 days - more than three years.
To date, MMEX-scam has accomplished nothing, zilch, nada, zero, unless one counts investor losses of >99.999999%.
Still stagnating in trips, with zero substantive forward progress, MMEX-scam languishes, amid an SEC inquiry, a train-wreck share structure, and no hope of being anything other than a less-than-mediocre share-selling scheme.
Despite the empty, hollow claims from MMEX-scam spammers, scammers, share-pushers and dreamers, MMEX-scam remains a ridiculous loser, a loser among losers on the OTCM, where everything is a scam.
Mad J., his diaper full, using the MMEX-scam logo flag as a toga, while he dances around the rusting flagpole, continues to stink in the Pecos County desert. He’s run out of options - no more loan sharks, because volume’s dead, price is stuck in the trips, and there’s no where to go, having tapped out the barrel, scraping the bottom for more gullible suckers…
MMEX - You’ve Been Scammed!
Mad J., helmsman of MMEX-scam, began pumping the current scam on January 17, 2017.
Since the inception of Mad J.’s current grift, 1122 days have passed - a little more than three years.
In that time frame, since MMEX-scam peaked, ‘investors’ who were in for the haul are suffering losses into the asymptote - more than 99.999999%.
95% of the proceeds of Mad J.’s campaign of toxic borrowing terror have disappeared - off-shore, into Mad J.’s private, off-shore shell companies. He’s spent less than a dime on a dollar, the con-man’s average metric, executing his scam.
With more than 13-billion shares outstanding, the dilemma of having issued more than 38-billion new, dilutive shares to his insider pals, a pending increase to the AS to 37-billion shares, stuck in trips, and in default to his loan shark pal at GSC, declining volumes, there’s no corner left for stinky, demented ‘ol Mad J.
MMEX - You’ve Been Scammed!
Of course, any sort of TA on scam tickers like MMEX-scam is devoid of meaning, or utility.
Anyone with more than two neurons to rub together can chart MMEX-scam using various momentum indicators - a meaningless thing to do for a low-volume trips-trash stock like MMEX-scam, where there is no significant price change, or volume trend.
Any of the momentum based indicators show that MMEX-scam is flat-line, and has been since it hit trips back in July.
The nonsense claims of “breakouts,” and related ridiculous blather indicates the claimer failed TA 101, and is very (5x) bad at math.
MMEX-scam will not be “breaking out” of anything; with the SEC looking into Mad J., conditions like a pending 37-billion share A/S, because the current 25-billion have all been depleted, and the bigger dilemma of Mad J. having issued himself and his insider pals 38-billion shares (not counting the existing 25-billion that have been used up by Mad J.’s toxic borrowing spree), six months or so of being in trips territory, an inevitable reverse split (if Mad J. survives the SEC scrutiny), and all the other problems, it should be abundantly clear that there’s no “breakout” coming.
MMEX - You’ve Been Scammed!
MOBO - that is the funniest thing I’ve ever read…
There is no meaning in applying any technical analysis technique to a scam ticker like MMEX-scam. It is simply bogus to believe, or cause others to believe in MOBO or any sort of TA garbage produces a meaningful outcome for crap like MMEX-scam.
Clearly, the only ‘momentum’ for MMEX-scam is downward, as the chart depicts since the initial pump. MMEX-scam has never maintained any legitimate upward momentum - aside from short-lived, transient spikes produced by pumps, its been a steady downward spiral. This is true, always, for all death-spiral financed scams like MMEX-scam.
MMEX - You’ve Been Scammed!
Stooge alert! There has never been any significant short interest, or short position in MMEX-scam. There have been zero FTD's. There is no "squeeze" play for a trips-scam POS like MMEX-scam.
This kind of stuff if fabricated by MMEX-scam share-pushers, hoping to suck in the gullible.
MMEX - You've Been Scammed!
Looks like MMEX-scam's "breakout bar" was another useless, false signal - the result of trying to chart a scam ticker like MMEX-scam is just hilarious...
There's no "break out" - MMEX-scam is stuck in trips, until Mad J. executes a reverse split.
MMEX - You've Been Scammed!
Anyone with those astronomical returns from MMEX-scam should immediately cash out, then run down to Taco Bell for the dollar menu selection...
MMEX - You've Been Scammed!
Why would anyone scan for loser scam tickers like MMEX-scam?
MMEX - You've Been Scammed!
Mad J., like MMEX-scam is a consistent, miserable, pathetic failure. The only "trying" Mad J.'s doing is continuing to line his pockets with other people's money.
A 30gpm shallow well, and production permit for 20af is useless, even for watering tumbleweeds. It is just part of the ongoing scam - a low-cost, cheap prop to confuse the gullible.
MMEX - You've Been Scammed!
Every 19 trading days, Mad J. and his loan shark pals reset the conversion window price to suit their need to dump massive amounts of MMEX-scam toxic sharts into the market.
This is the nature of a share-selling scheme like MMEX-scam.
Recall MMEX-scam is an insolvent, super-dilutive OTCM 'equity' with no business operations, no employees, no suppliers, no customers, no intellectual property, and no assets with any significant value. It sits atop nearly $40-million in cumulative loss and current liability, and is in default on at least one toxic note.
MMEX-scam has no intrinsic value, and with 37-billion shares in the A/S, and potentially 25-billion or more shares in the O/S, the rate of dilution is astronomical. Mad J.'s latest death blow was the insider issuance of 38-billion free shares, which will push the outstanding share count into the stratosphere.
There's only one way out - an inevitable reverse split, in the 1 for 1,000 or greater range.
MMEX - You've Been Scammed!
MMEX-scam, flush and forget...
The lowest quality, least expensive single-ply toilet paper goes for $0.000958333333333 per sheet, making it more valuable than MMEX-scam stock by $0.000957333333333 per unit.
MMEX - You’ve Been Scammed!
Bwahahahahahaha - ‘ol Mad Jacki-boi really screwed the pooch today!
The conversion price is now reset to 0.000001, and Mad J.’s scummy loan shark pals are converting at $0.0000006 - for every $1K of ‘debt’ they create from thin air, they net 1.666-billion freshly stinky, wholly dilutive shares of toxic MMEX-scam trash.
MMEX - You’ve Been Scammed!
The bare flagpole continues to bake under the Pecos County sun, but Mad J.''s e-Bay auctioned off all the MMEX-scam give-a-aways.
The trailer park and lot lizard crowd says Mad J. huffed all the leftover gold spray paint.
Some in the area say the Boy Scouts and Cub Scouts are suing.
Hurd is retiring.
That says it all.
How can MMEX-scam be a loser, with wizards like sometimes nighttime gramps to back it up?
Oh yeah, like Mad J. the Depends-wearing CEO of MMEX-scam.... what a laugh riot!
MMEX-scam is a dead, bloated, OTC shell company, rotting from the inside, filled with toxic debt, billions of shares, and nothing other than cumulative losses and current liabilities.
Claims like "MMEX is busy cutting checks and getting things done on the Pecos Refinery project!” are verifiably false - MMEX-scam, and its grifter in chief, Mad J., have failed multiple times to obtain project financing - not a single penny, over more than two years. It is impossible to be “cutting checks and getting things done” without project financing.
MMEX - You’ve Been Scammed!
The increase to MMEX-scam’s authorized shares, from 25-billion, to 37-billion shares becomes effective as early as today.
Unfortunately, dumb-as-a-stump ‘ol full-diaper Mad J. gifted himself and the other MMEX-scam insiders 38-billion shares in a shifty-scammer conversion deal. This technically requires the MMEX-scam A/S to ballon to more than 75-billion shares - no one’s figured out how to fix that mess just yet.
Poor ‘ol Mad J. can’t do math no more, he’s too senile.
MMEX - You’ve Been Scammed!
Rumor has it that Mad J.'s going to power the pump from composting his soiled Depends, using the methane to run a small steam engine...
Someone else at Tacos OJ said Mad J. is now talking about an MMEX-scam unicorn farm, instead of solar...
MMEX- You've Been Scammed!
Why, that’s ridiculous - “go time for MMEX-scam.”
Is Mad J.'s 'refinery' going to be fabricated from brackish water?
It is impossible to build any infrastructure project, even a rudimentary, useless crude topping unit, without the $100-million or so in project financing that Mad J./MMEX-scam has repeatedly, and continuously failed to obtain.
The MPGWCD production permit is just another cheap prop, used for an attempted pump, in the MMEX-scam comedy show.
MMEX - You’ve Been Scammed!