Mad J. thinks he’s a crafty (former) attorney (unable to practice in Texas) - note that many of his B.S. claims appear in PR, and documents like his shart-holder updates that are not formal SEC filings.
He’s dancing along the edge of the law in his shite-filled Depends, pirouetting about to keep his marks in the con, thinking he’s going to avoid SEC attention - because technically everything he’s doing is within the law. He relies on the fact that his marks, the MMEX STRONG, don’t, or can’t read the SEC filings, which fully describe MMEX-scam for the share-selling scheme that it is.
Then Mad J. doubles down - since he’s incorporated MMEX-scam in Nevada, a state without shareholder recourse, and MMEX-scam is an empty OTC shell corporation with no assets, there’s nothing for a shart-holder to recover damages from in a civil suit.
So it’s lose-lose for MMEX-scam retail “investors,” and win-win for Mad Jacki-boi and his loan shark toxic lending pals!
MMEX-scam retail “investors” are down >90%, while Mad Jacki-boi and his loan shark pals are way, way up, 100% ROI or more. Mad J.’s the biggest winner in the scam - he’s got no real skin in the game, and he’s grabbing $100K-plus with every toxic note, as “SG&A expense” and related-party transaction fees…
MMEX - You’ve Been Scammed!
I can't believe the SEC hasn't suspended this scam and charged MMEX and olé Jack Hanks with securities fraud.
Telling investors he selling something that can't be produced is clearly fraud.