MMEX Resources Corp (MMEX)

[Renee]

Common sense and reality check: from MMEX 10Q, Jan. 31, 2017: Page 11: "We have incurred continuous losses from operations, have an accumulated deficit of $30,053,527 and a total stockholders’ deficit of $2,397,128 at January 31, 2017, and have reported negative cash flows from operations since inception. In addition, we do not currently have the cash resources to meet our operating commitments for the next twelve months..."

"....and we expect to continue to seek additional funding through private or public equity and debt financing."

Page 14: The Company’s creditors received a total of $84,782 pursuant to the Settlement Agreement, and through January 31, 2017, the Company issued to RCP a total of 452,000,000 shares of the Company’s common stock in conversion of $56,100 note principal. **** $56,100 divided by 452 million = .00012 per share.

Page 4: $82.00 in total cash and no other assets.

It should require just minimal common sense that this company would have difficulty paying for a tool shed, but it is easier to believe they can build a $450 million refinery on money from good will investors who wouldn't care about the company's $30 million accumulated deficit.

Incomprehensible, the absence of common sense on MMEX!!!!!

https://www.sec.gov/Archives/edgar/data/1440799/000147793217001366/mmex_10qa.htm