MMEX Resources Corp (MMEX)

[BRoberts1982]

Cheap land in West Texas means nothing to me. There is many millions of acres of desert land in west Texas that can be bought for dozens of dollars an acre.

As far as your question:
(It has to be worth millions in order to build an oil refinery?)

The answer is absolutely not and it is only worth what the going rate for desert land is 20 miles out side of the FT. Stockton area. And that is about $6000 for around 125 acres. (Plus about $300 for a flagpole upgrade)

IS it a smart purchase?

Yes it has been very,very,very,very ,very lucrative for MMEX to get this land for next to nothing and use it as one of the ongoing carrots to get multiple TOXIC LOANS so that MMEX can use millions of dollars for "Administrative Expenses" for a company consisting of one Jack Hanks. Vwey smart for Hanks and the TOXIC LENDERS, not so smart for the stockholders that lost 95% of their value since MMEX acquired that piece of desert.

At this point any investor that has not asked MMEX to show where all the money has gone, pretty much owns the death spiral they contributed too.

If they use it as an education then they at least got something other than rotted carrots.