MMEX Resources Corp (MMEX)

[jmjjw]

No, more likely MMEX is attempting a run-up on sketchy news - no financing is in place on the basis of the shareholder letter, just the "promise" of such by the end of May.

That is very different than actual financing.

We'll see what additional PR, and if any, 8-K filing results from this "good news."

Until more develops, it is just another shareholder letter, designed to create a run-up absent material, definitive news.

Mmex has a Term sheet. It is signed and has a closed date.

De-nonents of mmex will be sad, but mmex is on track of financing.