MMEX Resources Corp (MMEX)

[jmjjw]

MMEX-scam's Dec. 11, 2018 S-3 registration claims 49,274,835 shares outstanding after the offering, and the Mar. 12 10-Q claims 42,283,561 shares outstanding. So there are at least 42.2-million shares outstanding, likely more.

So this claim is 100% false, easily disproven by MMEX-scam's own SEC filings:

Shares: 37,491,977 Outstanding with Float of 31,430,599 = Awesome ROI

MMEX-scam's shares are over-valued - given that MMEX-scam is insolvent. These "cheap" shares are garbage.

This claim is total, and complete B.S.:

Fully permitted, EPC contracts & off-take agreements in
final negotiations

The existing TCEQ Type O AQP is no longer valid, based on MMEX-scam's flawed, incomplete design. There is zero evidence of any off-take agreement(s).

MMEX-scam blew its Phase I cost estimates, starting with an erroneous $40-million, then $47-million, then $55-million, then $70-million, then $880-million, to now $93-million estimate. Which is also almost certainly incorrect.

MMEX-scam's financial projections are beyond B.S., so utterly laughable as to be incredible.

Anyone with sector knowledge knows, and understands that MMEX-scam is a steaming pile of shite.