MMEX Resources Corp (MMEX)

[jmjjw]

From the MMEX pre-14C, unaltered:

What is the purpose of the Share Increase?

From April through December 2017, we issued an aggregate of approximately $1,527,243 principal amount of convertible notes resulting in net proceeds to us of approximately $1,128,000. As of December 31, 2017, the aggregate principal amount of these convertible notes, including accrued interest and net of conversions into shares of our Class A common stock, was approximately $977,508. The notes are convertible into shares of our Class A common stock at a discount from the lowest price during certain measurement periods prior to the date of conversion. We incurred the indebtedness under the convertible notes in order to provide working capital for the Company since April 2017, given that we have yet to generate any revenues from operations.

On June 12, 2017, we entered into an equity purchase agreement with Crown Bridge Partners, L.L.C. (“Crown Bridge”) for the purpose of commencing a redemption of our convertible note obligations and providing additional working capital for us to pursue our business strategy. Pursuant to the terms of this agreement, as amended, Crown Bridge has committed to purchase up to $3,000,000 of our common stock for a period of up to 24 months commencing upon the effectiveness of a registration statement covering the resale of shares issuable to Crown Bridge under this agreement. This facility allows us to deliver a put notice to Crown Bridge stating the dollar amount of common stock that we intend to sell to Crown Bridge on the date specified in the put notice. The amount of each put notice is limited to a formula that is equal to the lesser of (i) $100,000 or (ii) 150% of the average dollar value of the trading volume of our stock, the lowest price during the trading period, for the seven days prior to the purchase of shares by Crown Bridge. Accordingly, we expect to issue a substantial number of additional shares of Class A common stock, either in transactions with Crown Bridge, transactions with alternative equity investors or as a result of the conversion of the outstanding convertible notes. We have reserved substantially all of our authorized but unissued shares of Class A common stock for issuance to the foregoing parties and currently do not have any material amount of additional authorized but unissued shares.

We expect to conduct further equity offerings in the future to continue as a going concern. As additional equity securities are issued, investors’ percentage interests in our equity ownership will be diluted. The result of this could be expected to reduce the value of current investors’ stock.

Anyone's "calculations" that contradict the facts are of no value. The facts are that there are more than 1-billion shares of dilution remaining from the outstanding seven MMEX notes, and billions more from the Crown Bridge deal.

That is documented fact about MMEX, not erroneous, false, and misleading calculation.

Nope...

My calculations are right on target...

I've been private messaging them daily to MMEX longs.