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Monday, October 29, 2018 10:01:24 AM
Even giving MMEX the benefit of doubt, that it is something other than an OTC share-selling scheme based on toxic debt (which it isn’t), the following is reality:
- MMEX is an insolvent OTC shell corporation
- MMEX has no employees, no business operations, and no assets
- MMEX has no intellectual property, no proprietary technology
- MMEX has no key suppliers, no key customers
- Even if constructed, MMEX’s proposed projects could produce no marketable products
- MMEX’s proposed business plan, phased entry, and scale are not viable
- MMEX has nearly $40-million in cumulative loss and current liability
- MMEX has no luminary management team or technology team
No company with that kind of make-up is qualified to participate in a joint-venture financial syndicate. MMEX has no access to legitimate capital markets. Even with the pending reverse-split, there are still millions of dilutive shares outstanding, and the authorized share problem, and fundamental flaws in the capital structure are still there.
Larger forces, including the fact that there’s no need for a stranded, isolated PADD III inland regional, with no access to either crude transmission, or refined product pipelines, especially a small-scale facility are at work. What MMEX has proposed serves no market need.
None of that really matters however, because MMEX was, is and will be nothing more than a share-selling scheme.
This should be a sticky, because the MMEX STRONG seem to easily lose track of reality.
When you are dead, you don't know that you are dead. It is difficult only for others. It is the same when you are stupid.
Recent MMEX News
- 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
- Form 8-K - Current report • Edgar (US Regulatory) • 09/14/2023 06:42:49 PM
North Bay Resources Announces Mt. Vernon Gold Mine Bulk Sample, Sierra County, California • NBRI • Sep 11, 2024 9:15 AM
One World Products Issues Shareholder Update Letter • OWPC • Sep 11, 2024 7:27 AM
Kona Gold Beverage Inc. Reports $1.225 Million in Revenue and $133,000 Net Profit for the Quarter • KGKG • Sep 10, 2024 1:30 PM
Element79 Gold Corp Announces 2024 Clover Work Plans & Nevada Portfolio Updates • ELMGF • Sep 10, 2024 11:00 AM
Nightfood Holdings Inc. Completes Major Step on Uplist Journey by Closing Strategic All-Stock Acquisition of CarryoutSupplies.com • NGTF • Sep 10, 2024 8:15 AM
Element79 Gold Corp. Announces Sale of 100% Interest in Elder Creek, North Mill Creek, and Elephant Projects to 1472886 B.C. Ltd. • ELEM • Sep 9, 2024 9:34 AM