MMEX Resources Corp (MMEX)

[jmjjw]

There's nothing "glorious" about MMEX, trading around its 52-week low...

MMEX has traded below the QB threshold of 0.01 for 83-consecutive trading days.

From:

https://otc-ct-otcm-backend-prod.s3.amazonaws.com/files/otcqb_standards.pdf

b. Bid Price Deficiency. Companies are granted a cure period of 90 calendar days for failure to maintain the minimum bid price under Section 2.3(2). In the event that the minimum closing bid price for the Company’s common stock falls below $0.01 per share for 30 consecutive days, a grace period of 90 calendar days to regain compliance shall begin, during which the minimum closing bid price for the Company’s common stock must be $0.01 or greater for ten consecutive trading days. In the event that the Company’s closing bid price falls below $0.001 at any time for five consecutive trading days, the Company will be immediately removed from OTCQB.

From:

https://ih.advfn.com/p.php?pid=nmona&article=76466564

Item 3.01 Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing

On January 8, 2018, we received a letter from OTC Markets that the bid price of our Class A common stock had closed below $0.01 for more than 30 consecutive calendar days and no longer meets the Standards for Continued Eligibility for OTCQB. Per Section 4.1 of the OTCQB Standards, we have been granted a cure period of 90 calendar days during which the minimum closing bid price for our Class A common stock must be $.01 or greater for ten consecutive trading days in order to continue trading on the OTCQB marketplace. If this requirement is not met by April 8, 2018, the listing of our Class A common stock will be removed from the OTCQB marketplace.

Of course, none of that is true.


Guess what I was watching today? The OTC mmex level 2. You know, the one exclusive for OTCQB stocks and above,


It was glorious. Mmex