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Answers on MMEX-scam for the clueless:

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jmjjw   Wednesday, 04/17/19 01:40:46 PM
Re: None
Post # of 117427 
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!

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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