MMEX Resources Corp (MMEX)

[jmjjw]

Mad Jacki-boi’s little favor to his toxic lending pals is probably lost on the MMEX STRONG.

Prior to this accelerated registration, and after the split, there were 30,108,168 shares outstanding.

Mad J. handed his loan-shark pals 19,166,667 shares on the two “deals” that underpin his cram-down; these 19.1-million shares represent nominally 64% of the OS after the reverse split!

MMEX doesn’t receive a nickel of the proceeds from the sale of the newly registered shares - it all goes to Mad J.’s toxic lending pals - but wait, there’s more! MMEX bears all the costs of the registration, and other financial elements involved - guess who pays for that? Why, MMEX retail “investors” of course!

What a sweet deal for Mad Jacki-boi and his pals!

Just imagine the impact on MMEX’s PPS as the toxic lenders liquidate 19.1-million shares of this toxic trash, with a minimum dilutive impact to existing shareholders >36% based on the current average PPS… What a train-wreck.