MMEX Resources Corp (MMEX)

[jmjjw]

MMEX-scam’s trading pattern today was all small transactions - lots of them. In penny scams like MMEX-scam, this is often one or more of:

- attempted manipulation, in an effort to make it appear that trading in MMEX-scam was heavy (note almost all of it is sell-side)
- retail “investors” bailing, after they realize they’ve been scammed, and they are looking to exit at any price
- another form of manipulation, where what is fundamentally one or a few larger share-holders (i.e. toxic lenders) trying to step out shares without depressing the PPS

This is to be expected with scams like MMEX-scam. More than 200K shares were dumped today, over 228 trades. The associated dollar volume was a miserable $4.4K.

MMEX - You’ve Been Scammed!

What's with all the small trades?