MMEX Resources Corp (MMEX)

[jmjjw]

Crown Bridge, a known toxic lender, is normally used only for pumping purposes.

MMEX engaged relatively early with Crown Bridge, likely realizing that the MMEX story would play out early, and MMEX would exhaust the rank-and-file toxic lending sources before MMEX could suck enough cash out of OTC investors to sail Jack into retirement, and eventual fading away into the blur of old-con-man history.

The nine toxic notes MMEX issued haven’t really gone all that well, in terms of well-executed share-selling schemes - only two of them are nearly done. The seven remaining might get someone’s legs broken.

Jack realized that he was going to run out of even bottom-feeders, and instead of calling it quits, he’s one of the rare, curiosities that actually does the Crown Bridge deal - a single source toxic lender, offering up 30 $100K tranches of toxic debt, in return for profiting on all sides of the transaction, long, or short, diluting MMEX common shareholders by billions of shares. The pending R/S actually works in favor of this deal - the math is left up to the astute reader/“investor.”

What a ride! MMEX is a classic toxic PIPE deal, the kind studied in graduate schools across the nation. Either one is a bag-holder, hype-ster, or voyeur, in the latter case watching the comedy show.