Someone painted the MMEX tape for a whopping $7.30, otherwise the close would've been flat or down below 0.0069. Hardly a stellar achievement for MMEX.
In fact, it was a massive dumping day - about 13-million shares dumped. The trade data tells the tale for MMEX.
The 8-K filing was timed to the maximum delay under SEC rules - 4 business days. That allowed all of the dumping through today.
Dumping MMEX is trivial, especially for those on the inside. MMEX will likely revisit the "trips" before the inevitable reverse split. So stay long and load up (bwahahahahaha!!!) - GO MMEX!!! $$$-$$$ IMO!!!!
Thank you as usual for your post...
What I found interesting is on a Friday before a long weekend ( When we all know is usually a massive sell off day) we closed green..especially with the "scary 8K"...