MMEX Resources Corp (MMEX)

[jmjjw]

MMEX, like the lottery, is a tax on the mathematically challenged.

First we have the set-up for the last couple of days, which was predicted, and entirely predictable:

- there is no project financing in the wind, because MMEX, an insolvent OTC shell corporation, with a super-dilutive equity structure, no business operations, no employees, no suppliers, no customers, with significant cumulative loss (nearly $40-million) and current debt (more than $2.1-million) is not financeable.

- lacking “good news,” and in fact the only news that really matters (legitimate closure of $50-million or so in project financing), Mad J. recycles old “news” that has already been widely available in the market for many months. He does this because the conversion of shares accumulated in the hands of toxic lenders has slowed down, and he probably isn’t fond of a “tune-up” from the associates of these NYC boys.

Mad J. relies on the lack of sector knowledge, project financing structure, and sophistication from MMEX retail investors to temporarily push the share price up, favoring his toxic lender’s position, and increasing volume/volatility - all favorable to those in collusion with Mad J., but on the backs of MMEX retail investors - “loaders,” who are mercilessly victimized by Mad J., a skilled con-man.

A 1/1,250 of a penny increase falls into the domain of mathematical lore around Strong Laws of Small Numbers. An increase (or decrease) on the basis of a 1/1,250 of a penny movement is statistically insignificant - while (sadly) that does represent 25% of MMEX’s current share price (which is nonsensical in, and of itself), it is of no merit. To generate a gain of one (1) U.S. dollar on that basis one needs to hold 125,000 shares. And so on…. While I realize this is all part of the Pinky-land/penny stock fantasy, it is inconsequential.

The remaining three business days between now and May 31, 2018 should prove interesting. What new comedy will MMEX produce, for entertaining those who watch the show? I’m really hoping that Nigerian Prince comes along soon, for Mad J.’s sake - a June wedding would be so lovely!