MMEX Resources Corp (MMEX)

[Sleepy2016]

I don't participate in fraud offerings. This note is not designed to be repaid in cash, it's designed to be repaid with stock. Tons of stock issued at a 40% discount to the lowest price in the 20 days prior to the conversions.

That's why it's called "death-spiral financing". The more stock JSJ dumps the lower the price drops, the lower the price drops the cheaper their next batch of conversions are. JSJ is guaranteed a profit no matter how low the stock drops.

Just off the top of my head NHMD and OPMZ both have similar toxic deals with JSJ. BBDA did too. There are probably a hundred others. NONE have worked out very well for retail shareholders. Insiders pay themselves nicely with the funds though. JSJ has never found a scam they didn't like.