MMEX Resources Corp (MMEX)

[stockless]

Annoying my posts get deleted, but will take the time to repost within TOS. MMEX's loan for the refinery does not have to have a lot of assets to build there refinery.

Ability to pay back the loan is predicated more on know how then assets. A bank does not loan money hoping to get any assets used as collateral. They want to get there money back with interest. That is how they make money, not breaking even or losing a little money.

Point being Jacks mention of Intellectual property (Know How) is worth much more to a bank then collateral.

As far as the 145k dilution is not inability to come up with money. Quite the opposite, he raised the money easily through very little dilution. Its not that he could not come up with the money, it's why should he in the begining stages. Nothing is free. Why would Hank use his money to make shareholder rich. He shouldn't.

looking forward to next coulple weeks. More than fun.