Tuesday, April 04, 2017 1:11:17 PM
Please understand, before reading this valuation any further, understand that the merit of this post will be be determined by what MMEX achieves based on the goals they will announce to have achieved. So far, I must admit that the stars are continuing to align here with MMEX achieving what they have set out to achieve.
The MMEX 8-K released yesterday was a huge positive for re-valuating where MMEX could fundamentally trade based on its oil refinery project being completed. I maxed out the Outstanding Shares (OS) to be 10,000,000,000 shares to derive the "potential valuation" for MMEX to be .583 per share. Now with this 8-K released yesterday with 5,500,000,000 shares of those 10,000,000,000 shares being waived by Maple, logically, will double the valuation within the post below through use of the Substitution Property in re-doing the math to replace the 10 Billion OS with a 5 Billion OS as a "worst case scenario" for a valuation to consider:
Substitution Property MMEX Valuation = .583 x 2 = $1.16 per share
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Confirmation of 5.5 Billion shares being waived to not be added:
v/r
Sterling
Exit Strategy & Etiquette Thoughts for a Stock
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Recent MMEX News
- Form 8-K - Current report • Edgar (US Regulatory) • 02/05/2024 09:51:51 PM
- Form PRE 14C - Other preliminary information statements • Edgar (US Regulatory) • 01/08/2024 02:30:21 PM
- Form SC 13G - Statement of acquisition of beneficial ownership by individuals • Edgar (US Regulatory) • 01/03/2024 01:18:51 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 12/14/2023 03:11:12 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 10/06/2023 04:48:44 PM
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- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 09/11/2023 08:50:05 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 08/14/2023 01:30:20 PM
- Form 10-K - Annual report [Section 13 and 15(d), not S-K Item 405] • Edgar (US Regulatory) • 07/17/2023 08:55:16 PM
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