MMEX Resources Corp (MMEX)

[jmjjw]

The fundamental problem is that wishful thinking, hopes and dreams, fantasy and imagination about MMEX don’t overcome reality.

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.