MMEX Resources Corp (MMEX)

[jmjjw]

There is a single permit, now invalid, because MMEX "forgot" to include critical process components, that if added, would violate the PBR limit for a Type O TCEQ AQP.

The permit, a permit by rule (PBR), is an administrative permit, with no amendment process - other than petitioning TCEQ to grant the ability to amend, which is seldom done. MMEX would have to submit a new application, which would be rejected as the added components would cause the PBR limits to be exceeded.

There are no "permits," - this is a fantasy from the MMEX STRONG. The existing permit would not be applicable to a complete crude unit.

The land is a cheap, nearly worthless Pecos County desert parcel, a tax liability to the original owner, sold to MMEX to reduce tax liability - it isn't worth anything from a mineral, water, or other rights perspective, and it isn't agriculturally viable.

MMEX has no employees - this is verifiable via its SEC filings. MMEX is a shell company, by SEC definition - the OTC designation of shell risk is irrelevant, and designed to confuse the degenerate gamblers that "invest" in the OTC. BI has no experience in the region, and has had a Texas presence for about seven months. The train tracks are of marginal value, unusable to the southwest of Fort Stockton, with no viable customers to the northeast. It isn't real - not even by the most optimistic, deluded individual, other than the MMEX STRONG.

A caliche road to a flagpole in the empty desert has no value.

Its got real land, real road, real permits, real people, a real EPC contractor, real train tracks that run through its property, registered as a real company, not a shell risk (verified), etc... . Its real.

MMEX