Saturday, April 28, 2018 10:15:33 PM
If anyone were able to provide a link to an 8-K regarding a “term sheet,” etc., or related SEC data, it would have been done to put this matter to rest.
There is no SEC filing on MMEX’s part regarding a “term sheet.” Similarly, there is no SEC filing regarding any material definitive agreement related to off-take, supply, or related contracts.
For those unfamiliar with contract law, in order to form a valid, legally binding contract, the parties to the contract must have the capability to perform. Using supply as an example, MMEX could not form a contract for crude supply, because it has no production facility. Similarly, on the off-take, or production side, MMEX has no capability to produce anything (recall it has no business operations). Therefore, MMEX cannot form a legally binding, valid contract to sell a product, because it lacks the ability to perform - i.e., it cannot produce a product.
“Agreements” for off-take are of no value, because they are not legally binding contracts, and cannot be enforced - an “agreement” has no consideration involved, and has no economic value.
Today, while I was visiting Miller’s in Fort Stockton, I formed an agreement with a gentleman I met to purchase all the tasty unicorn meat he was willing to sell me - this unicorn meat off-take agreement, and sales of all the tasty unicorn meat will make me billions of dollars. I plan to take over a shell corporation on the OTC next week to sell shares in my unicorn meat product company.
But I digress. For closure, please provide a link specific to an SEC filing, that directly references MMEX’s “term sheet,” containing that “term sheet” as an addendum to the filing. Lacking that evidence, please provide a link to a verifiable reference containing the “term sheet,” including the identification of the unnamed “international debt fund,” and the terms of the debt deal.
Recent MMEX News
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 09/16/2024 05:21:55 PM
- Form DEF 14C - Other definitive information statements • Edgar (US Regulatory) • 09/06/2024 01:41:32 PM
- Form 10-K/A - Annual report [Section 13 and 15(d), not S-K Item 405]: [Amend] • Edgar (US Regulatory) • 07/30/2024 02:08:15 PM
- Form 10-K - Annual report [Section 13 and 15(d), not S-K Item 405] • Edgar (US Regulatory) • 07/29/2024 04:55:42 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 02/05/2024 09:51:51 PM
- Form SC 13G - Statement of acquisition of beneficial ownership by individuals • Edgar (US Regulatory) • 01/03/2024 01:18:51 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 12/14/2023 03:11:12 PM
SANUWAVE Announces Reverse Stock Split, Note and Warrant Exchange, and PIPE Offering • SNWV • Oct 18, 2024 9:31 AM
Vocodia Addresses Recent Stock Price Movement and Future Strategic Partnerships • VHAI • Oct 18, 2024 9:00 AM
Mass Megawatts Announces the Start of an Online Discount Solar Energy Equipment Business with Revenue Recognized for the First Time Since Year 2010 in this Fiscal Quarter • MMMW • Oct 18, 2024 7:32 AM
Unitronix Corp Advances DeFi Innovation with Tokenized Real-World Assets Integration • UTRX • Oct 17, 2024 7:38 AM
Mass Megawatts Commences Solar Energy Sales Efforts • MMMW • Oct 16, 2024 7:45 AM
SANUWAVE Health Announces 1-For-375 Reverse Stock Split • SNWV • Oct 16, 2024 7:40 AM