MMEX Resources Corp (MMEX)

[I-Glow]

More Holes in the Hanks Tall Tales of Financing!

On 03/14/2018 in the Prospectus Hanks stated: "The Company has had only preliminary discussions with prospective equity sources regarding the financing of these projects and it is unclear at this time if we will be able to obtain such financing and, if so, how much equity in the Subsidiaries the equity investors will require in order to provide the financing. Any equity financing into which a Subsidiary enters will dilute the Company’s ownership of such Subsidiary. In addition, while the Company believes that the Refinery’s cost is financeable in large part through debt, it has not yet obtained a letter of intent or commitment for such financing."

Then on 03/22/2018 Hanks files a 8-K about obtaining another $345,000 in toxic debt.

And on 03/29/2018 Hanks filed another 8-K stating he has obtained another $120,000 in Toxic financing.

But on the same day - March 29, 2018 Hanks claims to have signed a "term sheet" for $49 Million in financing.

So why did he need a total $465,000 in toxic debt one week before signing the "term Sheet" from the unnamed offshore company?

Hanks there is something seriously wrong with the latest Refinery fantasyland tall tale.

IG