MMEX Resources Corp (MMEX)

[jmjjw]

MMEX is now in the home-stretch for de-listing from OTCQB.

MMEX has closed below 0.01 for 68-consecutive trading days, blowing through 14 scenarios in which the company might have had a chance of retaining the QB listing by curing its default.

There are now 14 trading days left in the remaining time window, up to and including April 6 - the last trading day before MMEX will de-list from QB to Pink. As trading opens on Monday, March 19, MMEX will roll the dice on its PPS meeting the QB compliance cure of 0.01 or greater for 10-consecutive days. The opportunity to meet the FINRA and OTC notice requirement will expire March 29, leaving MMEX no alternative other than de-listing from QB, back to OTC Pink.

After de-listing, MMEX will lose access to the $3-million Crown Bridge debt deal (which it already threw away $80K on, via wait for it… another toxic note…). The PPS will likely fall, and continue to fall, as continued price pressure from dilution of the next toxic note in line begins on April 9.

This time-line demonstrates graphically MMEX’s race to de-list from QB. Go MMEX!