MMEX Resources Corp (MMEX)

[CycleTrade]

MMEX - CHART UPDATE and a few additional comments....

https://www.screencast.com/t/Q6MThpbYR

With the announcement of the Reverse Split...the likely scenario.

...Make no mistake...This IS A DILUTION EVENT!

...With the R/S, the lower float will actually hurt the stock as liquidity will most likely dry up.

...the BID/ASK will blow out (10% to 30%) and make it very difficult to exit any position.

...Also...with the lower float...any selling will drive the BID lower very quickly.

...BUYERS will sit on their hands and wait to see what happens.

The main question...Who will pony-up cash to establish new positions or add to existing positions? Traders will be looking to exit as quickly as possible to retain as much equity as they can.

A major catalyst will need to come from management VERY QUICKLY to abate any weakness and provide solid footing for volume to re-establish price support.

All of this is based on similar scenarios that have taken place in the past. Anything is possible but this is the higher probability outcome.

I am passing this along so that you can adjust your trade plan accordingly.

Best of Luck to all who still hold MMEX.