MMEX Resources Corp (MMEX)

[jmjjw]

Answers on MMEX-scam for the clueless:

- there is absolutely, positively no need, and no economic benefit for a new, inland PADD III refinery. If there were a legitimate need for such, a legitimate company, with access to legitimate capital would either already have built it, or be in the process of completing it.

Further, a rudimentary topping unit is NOT a refinery. There is zero possibility that an isolated rudimentary crude unit could ever operate at positive margin. A 10K BPD unit is so small and capacity limited as to be completely inconsequential.

- MMEX-scam is insolvent. MMEX-scam’s current debt, cumulative losses, and liabilities exceed MMEX-scam’s market cap by almost 5X. MMEX-scam has no assets, no intellectual property, no proprietary technology, no suppliers, no customers, and no luminary management or technical team. There is NOTHING (actually less than nothing) to acquire.

- MMEX-scam’s toxic note holders are not in the business of building or operating legitimate companies, let alone something like a refinery - MMEX-scam’s note-holders are quasi-legitimate loan sharks, predatory lenders at best.

MMEX-scam was, is and will only ever be a share-selling scheme based on toxic debt.

MMEX - You’ve Been Scammed!