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So...they setting us up for a r/s i see. No imminent plans statement says it all. May not be today... but rest assured the longs will not get a dime for all their patience when this thing finally turns in the right direction. First they take your money...then they take your shares...wash... rinse...repeat
Strangest trading ever on a stock...buys outpace sells by over 2-1 and we are down 2 cents. Buy vol. 69,830 sell vol. 31,334 and we are down?
So...they gonna let us know whats going on or are they going to keep us in the dark till sub penny? Down 50% so I don't believe I want to eat that much of a loss. I'm willing to lose it all but some explanation of whats going on would be nice...
Looks like they added about a million shares to the O/S. Really does not explain the recent 35% drop in price though.
Yikes...is this going back to .50 cents?
Whats with the 100 share trades...someone trying to keep this down?
I bailed out at 1.22...took a beating...
Sure...and a google will show how it ended up...
So what if he does a R/S to get it to .05 to force a conversion so he can pay it back in stock. Plus...Any issuance of the shares upon conversion of the notes will be exempt from registration pursuant to the exemption provided by Section 4(2) of the Securities Act of 1933.
So those shares will be over and above the A/S...wow...only a dishonest person or a fool would defend these actions. Shouldn't mmex disclose what these funds are being used for also? Too many red flags to ignore.
I for one am out with a 50% haircut. The conversion notes are not subject to registration so who knows how many shares will get onto the market. GL peeps...you need it.
I beg to differ. If you have been around or in pink sheet stocks for any length of time you would know. Many times companies sell into news because more buyers are available and the pps does not suffer as much...common sense. Selling large blocks when volume is low tanks the price and dilution is obvious. It's not rocket science and if your going to dilute you want the highest price you can get. Simply follow any board with a spike and subsequent downward trend and you will find a consistent pattern of investors scratching their collective heads wondering how when they finally get the much awaited news their portfolios are even deeper in the red.
Sure is not trading like news is imminent...not good news anyways...
How do you know Hanks won't do a R/S to get it to .05 to force a conversion so he won't default or have to pay back the loan other than in shares. That sounds like the most probable scenario for a broke company with no money and no revenue. I was in another ticker that was waiting for bombshell news and it turned out that news was a R/S. Bombshell all right.
Can someone explain to me how 11 mill shares out of 3 billion can possibly drop the pps over 15%? Isn't 15% like 400 mill shares?
So how much of a R/S will they be doing to merge those assets in? 10:1 1000:1 10000:1?
I did thanks. Which is why I did some research so I wasn't spouting crapola.
Interesting read for anyone interested in the process... http://www.environmentalintegrity.org/pdf/publications/HANDBOOK_FINAL_121007.pdf
Isnt that what trinity or whatever was hired for and wouldn't they already know what to do and whats needed?
Why would they meet with the commission on permits that haven't been filed yet...makes no sense.
For one thing mmex doesn't nor have any plans to pump oil. Further...many midstream and or producers are on the brink of bankruptcy due to cheap oil and because of the massive debt taken on to produce it...unlike S.A. that will be around no matter what the ppbl goes to. Your analogy comparing the two is like comparing apples to a porsche...zero connection.
Wow...talk about a master of irrelevant spin...
Vert means dilution...god...don't you even read other boards???
Puhleeze...that just means they won't accept shares for the debt if the price per share is not at least .03 cents. Why are you trying to make it so confusing...it's pretty straight forward.
Wow...never seen so many paid pumpers on one board before!!!
Omg...never heard that one before in pinky land. Those shares are UNREGISTERED if you read the filing. Funny how those shares often find their way on the market leaving investors scratching their heads as to why the price always seems to be dropping when supposedly shares are locked up. Some of us have seen this movie before.
So if it would be so lucrative.. why haven"t any of the big players flush with cash doing it? Or even the midstream boys? Many of which are already there. 450 mil wouldn't even deplete their borrowing base.
You are right...it is a paltry sum...so why did they need to borrow it at 50% interest? also...what did MMEX get for those billions of shares...a business plan that Hanks basically sold to himself ie Maple (Hanks) to MMEX (Hanks again).
Tell that to all the folks that bought up to .06 per share...real gem smh
Because it's a gamble. JSJ wins either way. 50% interest for 6 months is totally gouging and shows that Hanks can't get financing at reasonable interest rates because why...too risky of a history.
The only thing I see for solid assets is a land purchase agreement and Hanks (maple) selling intellectual property rights (refinery idea) to himself (mmex). Everything else says POTENTIAL.
What good is SP if after a r/
s all it does is sink?
You said everything I said was not true...so is it true or not?
What is false...no revenue? No assets? No employees? 3 million in debt? Anyone looking at their filings can see that none of what I said is false.
Are you kidding me? No one can doubt MMEX? No assets...no money...no revenue...no employees... previous track record of failures...3 million in debt. This ticker is lucky it doesn't get shut down! Maple (HANKS) sells himself (MMEX) his own intellectual property...and tripples the A/S to 10 billion shares...what could go wrong??? SMH
I do understand that oil and gas are lucrative. However...Hanks not so much. Maple was delisted from the London exchange (Hanks Co.) and never turned a profit...only losses. A simple google search would tell you that and should be one of the first things one does for proper DD. $38 in assets, tons of liabilities and a 10 billion share A/S with no operations, no plant, no equipment or property, no nothing but an idea, debt and a track record of failures. Don't beat up the messenger for pointing out facts.
Gotta say...never seen nothing like it. $86 in assets and a 10 BILLION share A/S and this thing is kicking it. For a blatant pump and dump I would have thought any news would send this tumbling like so many others that were much better. Last post here...good luck peeps!
Well...Hank's 7 BILLION shares are now worth 140 million $$$. If he get get this turd to 7-8 cents he may be able to finance that dream refinery...after massive dilution or huge reverse split...
That would be fine if there was an actual plant operating at capacity. Also...you are assuming that the debt can be rolled into or taken on by mmex to use...which I highly doubt. Further...will they be doing a reverse split to go along with that reverse merger...I suspect that that scenario is highly probable. I see no talk of the A/S going to 10 Billion either...but I do see a ton of paid pumpers here. $86 bucks in assets with 2.4 billion shares outstanding...just wow...
Have ANY of his companies/projects EVER turned a profit? No. In fact they have generated 30 million in losses. MMEX is over 3 million in debt and has zero income and no operations that do generate income. It's nice to dream but can we be at least somewhat realistic? Past performance is usually a good indicator of future performance is it not? What happened to maple on the london exchange?
What are you talking about...are his ideas patented or exclusive? No. The land is not even owned so what are you basing your asset valuation on?