MMEX Resources Corp (MMEX)

[jmjjw]

MMEX’s 10-K was produced after April, in which Mad J. claimed in shareholder letters that MMEX had received a terms sheet from an unnamed “international investor.”

The 10-K covers the entire fiscal year, and said shareholder letter was produced within the fiscal year covered by the 10-K. It really helps to understand the business world before making outrageous claims, insinuating that the discrepancy between the 10-K filing and shareholder letter don’t matter.

Irrelevant contention(s) are of no value in any discourse. MMEX’s “forgotten” desalter, and other factors invalidate the single permit (a $100 TCEQ AQP, obtained under permit-by-rule).

Insolvent shell companies like MMEX offer no value, and are unqualified as participants in a JV. Anyone with a background in finance understands this.

MMEX has zero unique value for any purpose, in fact, less than zero, because of all the baggage it carries, in the form of nearly $40-million in cumulative loss and liability, super-dilutive equity structure, no intellectual property, no nothing - absolutely nothing of value. Not even the Nigerian Prince community was interested.

You are correct. When the 10k was produced there was no financing and no letter of intent...

It is my contention that MMEX is currently in negotiations with an international financing group, adding the extra steps, such as solar; however, the first phase of the refinery is the Distillation Unit, which MMEX holds a permit and will soon be announcing financing.

MMEX is in the mix for the total refinery, whether alone or part of a joint venture, imo.