MMEX Resources Corp (MMEX)

[jmjjw]

MMEX-scam’s floor-less, convertible toxic debt isn’t “credit.”

That may be the funniest claim I’ve ever read.

Floor-less, convertible toxic lending is a specialized vehicle, sort of like an ATM-machine, that instead of directly printing cash, prints shares - allowing debt to be created from thin air, then converted into shares, which then liquidate to cash.

MMEX-scam doesn’t have, and can’t get “credit.” MMEX-scam has no (as in zero, nada, none) access to legitimate capital or lending markets. The legitimate financial community does not deal with known fraudsters, con men, hucksters, grifters, or scammers.

So there is at least one insider, Mad J., and maybe two, if you count The Lemon. They extract cash from the discounted loan proceeds, a few hundred K at a time. The loan shark knows that Mad J. has many (5x) marks in the pool, and they’ll be able to dump their shares - toxic lending has an average of about 300X return, cash on cash even for a mediocre scam like MMEX-scam. It’s a great, but risky, quasi-legal “business” to be in.

Mad J. just has to buy a few props along the way, a flagpole, some gold spray-painted shovels, push a little dirt around - every con man like Mad J. knows spend a dime to make a dollar - classic grift...

Since all this is coming out of the retail "investor's" hide, Mad J. doesn't mind spending a few grand for drilling holes, or a pretty drawing with a stamp on it.

How about you explain why their credit is good and financial institutions loan them hundreds of thousands of dollars. How about you show everyone why it is that doing geotechnical soil boring testing is not moving forward.
Here's some DD for you, page 5, notice the stamp on the bottom right hand corner that says Issued For Construction. Do you know what it cost to do that? appreciate your attention to detail in advance, thanks