DD Support Board and Research Team

[nodummy]

My opinion hasn't changed. MMEX is still nothing more than an impossible story, but traders are eating that impossible story up. I still say that nobody will give MMEX $450m to build a refiner and no refinery will ever break ground.

I haven't studied the history of MMEX and its leader Jack Walton Hanks II nearly as much as samsamsamiam, but it sounds like Maple Resources Corp made many of the same claims about the Texas property before it got suspended and Jack W Hanks has a history of fraud having been suspended by the Texas State Bar after defrauding the city of Salt Lake City to steal government grant money in the late 1980s

https://www.texasbar.com/AM/Template.cfm?Section=Find_A_Lawyer&template=/Customsource/MemberDirectory/MemberDirectoryDetail.cfm&ContactID=224050

http://www.deseretnews.com/article/7873/US-MULLS-FRAUD-SUIT-AGAINST-LAW-FIRM-LINKED-TO-STT.html[deseretnews.com]

http://www.deseretnews.com/article/12087/NEGOTIATIONS-ARE-IN-PROGRESS-OVER-SSTS-LOST-GRANT-MONEY.html?pg=all[deseretnews.com]

http://www.deseretnews.com/article/15710/SL-MAY-RECOUP-25-MILLION-IN-A-SETTLEMENT-CONCERNING-STT.html[deseretnews.com]


I also still say the atrociously ugly MMEX balance sheet will lead to lots of future dilution and eventually send the ticker back down towards $.0001/share. Because of the massive volume over the past month from traders eating up that impossible story it will just be further in the future before MMEX ends up back in the trips, but eventually, a long time from now, it will.

I had already called MMEX a heck of a pump&dump a month ago, but it turned into an even more impressive pump&dump than I expected. I don't recall seeing this much dollar volume/excitement over a non-cannabis stock trading in this price range in a while. The dollar volume even dwarfs that of SRGE which was a mining scam hyped for weeks back in late 2012 before the SEC finally suspended it.