MMEX Resources Corp (MMEX)

[shajandr]

To borrow and modify a phrase:

Mad J. (the MMEX CEO, that career crook, liar, swindler, three-card monte dealer, conman, and lifelong grifter JACK HANKS), makes most of his money on the front-end of the toxic lending deals - of the more than $2.1-million in toxic lending proceeds, only about $800K (and that is a generous estimate) have gone toward "the project." You can read all about it in the obfuscated consolidated financials in Mad J.'s / MMEX's most recent 10-K.

It would be hard to say if, or how much Mad J. profits on the back-end, since he can't directly trade MMEX shares without SEC disclosure. But he and his toxic lending pals are still making money.

Mad J. and his toxic lending pals have a sure thing - the "clever" old man gets his money up-front, and the lenders make money hand over fist via CONversions of the toxic FLOORLESS CONvertible notes, with JACK HANKS' help to gin up buyers to sop up the newly issued CONversion shares.

I am borrowing the above text, with my modifications, from a third party. I agree with what that third party wrote (in conjunction with my modifications).

I hope this is helpful to understanding this means by which JACK HANKS profits from the toxic FLOORLESS CONvertible debt notes.

And always remember that The ONLY thing that career crook, liar, swindler, three-card monte dealer, conman, confabulist, story-teller, boolsheet artist, low-life, scammer, pickpocket, gyp, huckster, trickster, and lifelong grifter JACK HANKS has ever built in 40+ years of swindling investors in over 26 known investment scams he's run are

CAPITAL LOSSES for investors.

That's all JACK HANKS builds. It's all he knows how to build. It's what he does. He's a lifelong crook and investment swindler.

That's JACK HANKS - builder of CAPITAL LOSSES and nothing else. Ever. (Unless you count the flagpole.)

Quoting a claim:

Jack makes no money from note conversions. The money is for the project. Jack is losing money like the rest of us until financing is in place. Jack owns 210 million common A shares and 1.4 billion of restricted B shares that cannot be traded in the open market!

And:

Jack Hanks personally gets no compensation from convertible debt per sec filings. If anything it hurts him the most because of shareholder stake the price of the stock declines. Jack is taking millions in losses right now until financing is in place!