Friday, March 02, 2018 2:38:43 PM
So far it isn't in compliance - I have no idea why you think he is in compliance.
Did you read the 8-K?
"On January 8, 2018, we received a letter from OTC Markets that the bid price of our Class A common stock had closed below $0.01 for more than 30 consecutive calendar days and no longer meets the Standards for Continued Eligibility for OTCQB."
Hanks clearly stated:
"We intend to maintain compliance with the OTCQB Standards."
With the dumping from the toxic lenders - MMEX will continue to not meet the the OTCQB eligibility requirements.
"To the extent that market conditions do not otherwise result in our Class A common stock exceeding the minimum closing bid price requirements, we would expect to effect a reverse split of our Class A common stock in order to achieve compliance with the OTCQB Standards."
Wishful thinking and hoping won't change the fact that Hanks has warned shareholders that he intends to do a reverse split to maintain the OTCQB listing.
April 8th is 90 days - MMEX has a little over a month to cure the eligibility requirements - which is 10 consecutive days at $0.01 or greater.
Time is running out.
IG
Did you read the 8-K?
"On January 8, 2018, we received a letter from OTC Markets that the bid price of our Class A common stock had closed below $0.01 for more than 30 consecutive calendar days and no longer meets the Standards for Continued Eligibility for OTCQB."
Hanks clearly stated:
"We intend to maintain compliance with the OTCQB Standards."
With the dumping from the toxic lenders - MMEX will continue to not meet the the OTCQB eligibility requirements.
"To the extent that market conditions do not otherwise result in our Class A common stock exceeding the minimum closing bid price requirements, we would expect to effect a reverse split of our Class A common stock in order to achieve compliance with the OTCQB Standards."
Wishful thinking and hoping won't change the fact that Hanks has warned shareholders that he intends to do a reverse split to maintain the OTCQB listing.
April 8th is 90 days - MMEX has a little over a month to cure the eligibility requirements - which is 10 consecutive days at $0.01 or greater.
Time is running out.
IG
"The Hour Between Dog and Wolf"
Recent MMEX News
- Form 8-K - Current report • Edgar (US Regulatory) • 04/21/2026 01:30:34 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 03/10/2026 08:43:18 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 12/11/2025 07:26:23 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 10/23/2025 11:23:42 AM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 09/15/2025 04:46:45 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 09/02/2025 04:43:29 PM
- Form 10-K - Annual report [Section 13 and 15(d), not S-K Item 405] • Edgar (US Regulatory) • 07/29/2025 06:02:59 PM
