MMEX Resources Corp (MMEX)

[TheKwon]

Reverse Split was canceled:

http://www.mmexresources.com/pdf/MMEX_Shareholder_Letter_March_2018.pdf

After further review, we have decided that a reverse split is not in the best interest of our shareholders and we have made the decision NOT to proceed with a reverse split of our shares to achieve a higher closing price to maintain the OTC: QB status. We believe maintaining the liquidity in our shares is more important than the QB listing and our access to the equity line. If we do not achieve the 10- day closing price of $0.01 or greater before April 8, 2018 we will revert back to the OTC:PK status which we have had previously. Other than the access to the equity line financing, we do not believe this status will impact our ability to develop our refinery project with other debt and equity providers. If we lose our QB status, once we achieve the minimum stock price for the requisite number of days, we can apply again for OTC: QB status.

MMEX shareholder friendly.