Friday, August 31, 2018 5:47:30 AM
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:
And:
Recent MMEX News
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 09/16/2024 05:21:55 PM
- Form DEF 14C - Other definitive information statements • Edgar (US Regulatory) • 09/06/2024 01:41:32 PM
- Form 10-K/A - Annual report [Section 13 and 15(d), not S-K Item 405]: [Amend] • Edgar (US Regulatory) • 07/30/2024 02:08:15 PM
- Form 10-K - Annual report [Section 13 and 15(d), not S-K Item 405] • Edgar (US Regulatory) • 07/29/2024 04:55:42 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 02/05/2024 09:51:51 PM
- Form SC 13G - Statement of acquisition of beneficial ownership by individuals • Edgar (US Regulatory) • 01/03/2024 01:18:51 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 12/14/2023 03:11:12 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 10/06/2023 04:48:44 PM
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