MMEX Resources Corp (MMEX)

[jmjjw]

MMEX, as of Friday’s close, is down 57% from the ex-split price of 0.14. On a linear trend, that’s a loss of 3.8% every trading day.

This is classic for “companies” like MMEX in the repeat phase of lather-rinse-repeat, in which wave after wave of “investors” get washed out from the dilutive effect of toxic lending. There is no surprise here.

In some channels, desperate “investors” struggle to figure out what happened - in once case I’m aware of, a $30K “investment” in MMEX is now worth less than $1,500 - one of many cases, for those encouraged to “load,” “hold,” “be long,” etc. The shareholder lawsuits are inevitable, but not winnable, because every “investor” (really degenerate gambler, unsophisticated, unaware, and looking for a get-rick-quick play) signed up for it willingly, even with MMEX’s SEC filings available freely.

Desparate “investors” are now looking for every crumb, no matter how irrelevant, that they think will deceive others into buying into MMEX, so that the volume and PPS will come up so that they can exit without losing everything. A sad situation indeed.