MMEX Resources Corp (MMEX)

[jmjjw]

MMEX - guaranteed de-listing to Pink in just one more trading day!

In just one more trading day, a market-based cure for MMEX’s OTCQB default is impossible. After tomorrow, Friday, March 23rd, absent a corporate action (reverse split), MMEX is guaranteed to de-list from OTCQB to OTC Pink.

The market-based cure relies upon MMEX closing at, or above 0.01 for ten consecutive trading days. MMEX failed to accomplish that today, meeting its 52-week low at 0.0035. What a tremendous accomplishment!

After tomorrow, the required 10-consecutive trading day window for a market-based cure will have been exhausted.

Apparently the market is indifferent to Congressman Hurd’s rumored visit.

MMEX has closed below 0.01 for the last 72-consecutive trading days.

When MMEX de-lists from OTCQB, and begins trading on OTC Pink, Monday, April 9, 2018, it will lose access to the $3-million Crown Bridge debt deal.

MMEX will have to resort to bottom-of-the-barrel toxic lenders, at worse terms than before. MMEX will see a continued decline in PPS, downward pressure created from the continued impacts of dilution, the result of conversion of its toxic debt, loss of shareholder confidence, and continued failure to deliver on promises of project financing, or material forward progress as a company. MMEX has lost more than 90% of its value since its peak, and more than 70% of its value since the disastrous Nov. 17, 2017 groundbreaking event - conducted without MMEX having secured project financing. The market is wise to MMEX’s true nature, a share-selling scheme.