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Saturday, February 24, 2018 10:29:33 PM
MMEX, like all toxic PIPE-based share-selling schemes has a completely predictable cycle, and eventual outcome.
Schemes like MMEX are a "lather, rinse, repeat" process of attracting unsophisticated retail investors, posturing with inexpensive, immaterial events, all part of a charade, to create volatility and volume.
The real business is partnering with toxic lenders, to create debt in $100K-ish chunks, from thin air. The company insiders take the debt, up front, and the toxic lenders eventually convert, turning "debt" into "equity" on the public market, which they liquidate to cash.
The market-based ratchet that is built into the notes, along with usurious interest turns into compression of the shell, MMEX's PPS, continual decline, and massive dilution, in a predictable cycle, as the debt conversion steps out.
At a point, the PPS declines to a point where a reverse split is necessary, wiping out many of the common holders in the process - as will be the case for MMEX in the next 23 trading days.
The cycle repeats, until the share-selling scheme can no longer be maintained. MMEX won't surprise anyone, except those who choose to ignore the facts.
Somehow I don't think that even you believe that... MMEX is going to surprise a lot of people hear in the new future!!
Recent MMEX News
- Form DEF 14C - Other definitive information statements • Edgar (US Regulatory) • 09/06/2024 01:41:32 PM
- Form 10-K/A - Annual report [Section 13 and 15(d), not S-K Item 405]: [Amend] • Edgar (US Regulatory) • 07/30/2024 02:08:15 PM
- Form 10-K - Annual report [Section 13 and 15(d), not S-K Item 405] • Edgar (US Regulatory) • 07/29/2024 04:55:42 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 02/05/2024 09:51:51 PM
- Form SC 13G - Statement of acquisition of beneficial ownership by individuals • Edgar (US Regulatory) • 01/03/2024 01:18:51 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 12/14/2023 03:11:12 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 10/06/2023 04:48:44 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 09/14/2023 06:42:49 PM
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Nightfood Holdings Inc. Completes Major Step on Uplist Journey by Closing Strategic All-Stock Acquisition of CarryoutSupplies.com • NGTF • Sep 10, 2024 8:15 AM
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