Tuesday, February 19, 2019 4:21:17 PM
In the case of MMEX-scam’s parcel, the transaction was conducted for $10-cash consideration, and warrants on nearly worthless MMEX-scam shares.
The value you see in the Pecos County CAD record is the assessed value of the property, not the market value.
The land’s market value is significantly less than the assessed value - factually, MMEX-scam is upside-down in this situation. The land has no agricultural use, and it carries no exemptions. This is why the former landowner was eager to dump it - it represented tax liability on non-productive, nearly worthless land. It was also land-locked, and required spending money to obtain an access easement from UTLands, so the entire deal is a net negative.
What a hilarious joke (on MMEX-scam retail “investors.”).
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.
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