MMEX Resources Corp (MMEX)

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Secured = dependable; firm; not liable to fail, yield, become displaced, etc.. I think secured is a reasonable representation for how financing was mentioned in the letter. If you don't, that's your understanding of it I guess. I happen to believe that while Jack doesn't use the word secured, that's what he is saying. IMO of course. And, I think that's a reasonable conclusion to draw. If I didn't think so, I wouldn't have bought more shares.

MMEX