MMEX Resources Corp (MMEX)

[jmjjw]

MMEX misinformation as usual - this claim is 100% false.

In calculation of derivative liability, MMEX used the assumption that there was a 100% probability of obtaining financing.

This is an assumption only, in an accounting calculation, and carries no meaning, and by no means indicates MMEX has obtained financing.

Proponents of MMEX, wishful thinking, and inability to read, and correctly interpret the 10-Q are at work here - MMEX has no financing.

From the 10-Q, page 20:

Key inputs and assumptions used in valuing the Company’s derivative liabilities as of January 31, 2018 are as follows:


· Stock prices on all measurement dates were based on the fair market value
· Risk-free interest rate of 1.73%
· The probability of future financing was estimated at 100%
· Computed volatility ranging from 119% to 133%

These inputs are subject to significant changes from period to period and to management's judgment; therefore, the estimated fair value of the derivative liabilities will fluctuate from period to period, and the fluctuation may be material.

Yes per 10q filing financing already done we are just awaiting the name and the arrangement imo $$$$$