MMEX Resources Corp (MMEX)

[jmjjw]

MMEX doesn’t have any project financing on the horizon. MMEX isn’t financeable.

There is close to zero chance that any joint venture, or syndicate will form to provide project financing for MMEX.

There is no reason to finance a debt-filled shell like MMEX - MMEX owns nothing of value. If there were any legitimate need for another inland regional refiner, it would be cleaner, easier, less risky, and much less expensive to bypass MMEX, and start from scratch.

Any marginally competent individual can look at MMEX’s SEC filings, the TCEQ application, the available PR, corporate history and freely available public information, and see the documented evidence:

- MMEX owns no intellectual property
- MMEX owns no proprietary technology
- MMEX has no luminary management or technology team
- MMEX has no suppliers
- MMEX has no customers
- MMEX has no viable, cost-effective transportation infrastructure
- MMEX’s Phase I project could not produce any marketable products
- MMEX’s Phase I project could never operate in balance, or over a range of crude inputs
- MMEX could never obtain financing for the proposed Phase II project
- MMEX has more than $1-million in toxic, convertible debt, likely growing, and more than 1-billion shares of dilution yet to wash in
- MMEX has more than $40-million in cumulative shareholder losses and liabilities

All of that is factual, documented, and most of it contained in MMEX’s SEC filings.

There is virtually no hope that MMEX will ever obtain project financing. It is a share-selling scheme only, and never intended, or intends to build anything.