The MMEX STRONG are pirouetting and gyrating about, squealing that the “D” comes off next week, and that magically MMEX “up-lists” 10 days after that. The MMEX STRONG are utterly clueless - moving from Pink to QB is a tier change in a pay-to-play market, not an up-list, and it isn’t automatic.
The tier change for MMEX from Pink back to QB requires 30 calendar days with a closing price at or above 0.01, and meeting other criteria.
The earliest date for a tier change to QB would be the first trading day after meeting the 0.01 minimum bid requirement, possibly Monday, 12/17 - Friday, 12/14 is the 30th consecutive calendar date since the reverse split. That assumes MMEX submits the application before having met the minimum bid requirement.
MMEX has to submit a new application for QB - because more than six months elapsed since the change from QB back to Pink. The tier change is not automatic. And there’s a cost, the $12K up-front annual fee (which MMEX has to pay again), and the $5K application fee (which MMEX has to pay again).
Once the tier change from Pink back to QB happens, the closing price has to remain above 0.01 or MMEX runs the risk of another de-listing event. Given the downward PPS trend, there are a couple of distinct possibilities; MMEX falls below a penny before it can execute the tier change, or a miracle occurs, and they scrape by back to QB… but we all know that won’t last, and just like the last round of lather-rinse-repeat, MMEX won’t last on QB, and will move back to Pink again after the 90-day cure is blown (again).
The MMEX STRONG are counting on the bigger sucker/loser theory, that new victims will fail even more spectacularly than they did, and fail to do any due diligence - that the absence of the “D” will confuse bigger losers and sucker them in, not realizing that MMEX has executed its first reverse split.
What a comedy! MMEX - you’ve been scammed!
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.
