MMEX Resources Corp (MMEX)

[jmjjw]

MMEX-scam is not only well behind the curve, it’s not even on the road - it’s four wheels, upside down, in the ditch.

MMEX-scam has nothing of value. The TCEQ Type O AQP is not transferrable, and it permits operation of a facility that could produce no marketable product, if said facility were ever built. That permit has an associated $100 application fee - it’s potential value is immaterial.

MMEX-scam’s parcel of Pecos County desert paradise has an established market value of $10 - it was paid for using $10 “and other consideration,” warrants on worthless MMEX-scam shares. MMEX-scam’s parcel has a market value of about 8-cents per acre. The flagpole adds no value. The UTLands easements are similarly not transferrable, and anyone skilled in the art would see that MMEX-scam’s real-estate is actually a liability.

Given that MMEX-scam carries $40-million in cumulative losses and current liabilities, with a market cap on a good day of less than $900K, it is technically bankrupt - this is what insolvent means, if one were to read MMEX-scam’s SEC filings.

MMEX - You’ve Been Scammed!

Why would a real oil refinery company want to build a refinery here? One of the biggest argument against MMEX was that if a refinery was needed, a real oil refinery company would build one. Now, as you say, one is. Very interesting. MMEX was and is ahead of the curve here. We already have permit, land, etc.