MMEX Resources Corp (MMEX)

[jmjjw]

Insiders rarely buy, unless it is part of a buy-back/share control strategy.

To the contrary, insiders look to sell, on a controlled basis, because of their concentrated risk and exposure.

MMEX insiders can only share under controlled conditions, and they will look for every opportunity for liquidity.

That's not unique to MMEX. Outside of securities and IRS statues, typically boards or advisory committees control insider sales or buys, through corporate governance policies. Since MMEX is a poorly run company, with no external board, or advisory committee, there is no such governance.

Look for insiders to sell at every opportunity, including those they or their cohorts can create.

The sole reason that MMEX is publicly traded is for that opportunity, to use the public market to create cash from nearly worthless debt-based security.

It makes a lot of extra work for Hank and his lawyer cronies, but they're trying to avoid fashionable orange jumpsuits and all that go with it - a share selling scheme like this insulates them, and lets them turn illiquid "equity" into cash.

when financing is announced, the terms will either totally suck, or marginally suck... if the latter we'll be moving sharply higher... but no financing disclosure, we're going nowhere unless insiders start buying