MMEX Resources Corp (MMEX)

[jmjjw]

Here are some gems on MMEX’s Class A Common shares that should raise red-flags for anyone invested, or contemplating investing in the MMEX bowl-floater:

Class A outstanding 2.31 billion
Class A public float 1.87 billion

MMEX’s public float is at least 1.87-billion shares, and increasing by an average of 10-million or so every trading day, from ongoing conversion. MMEX is a dilution machine.

There are still 3,682,901,563 shares of the Company’s Class A common stock reserved for convertible notes payable - one should never lose sight of the fact that there are 12-billion shares of Class A Common MMEX stock authorized - Twelve Billion Shares!

For the naive, no legitimate company has a share structure like MMEX’s - this is pure sub-penny scam. MMEX is a 50-state bent-over-the-barrel ride for anyone who is confused enough to play the game.

No legitimate financial investor, or syndicate, would put a fraction of a penny into MMEX, just on the “equity” structure of this POS.