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Saturday, June 22, 2019 2:11:53 PM
Especially considering (*Reporting Person has rights under a convertible note to own an aggregate number of shares of the issuer common stock not to exceed 9.9% of shares outstanding)
Bloviation of "billions of shares in dilution", "crook", "dumping", "scam" etc. etc. etc. ad nauseam is just foolish non-sense...One only has to use good sense to realize that note holders would actually LOVE to get their hands on as many shares of MMEX as possible, but they are hindered by the above SEC stipulation.*
As long as the share price is depressed they'll NEVER be allowed to convert ALL their notes - UNTIL and unless the share price is much much higher!!!
So, since the share structure is manageable and controlled they know their money is safe and guaranteed because:"This is a great project. It has robust economics in it." Jack Hanks
Plus: "We have now reached agreement for our Residual Fuel (“ATBs”) off-take with a SUPER-MAJOR ENERGY AND TRADING COMPANY. We will rail the ATBs to the Texas Gulf Coast Markets points of delivery they designate. Our Residual fuel oil that is planned to meet the IMO 2020 Sulphur standard is a highly sought-after marine fuel beginning January 1, 2020. Along with our projected Diesel sales, these two agreements place 70% of our planned production under off-takes with EXTREMELY STRONG balance sheet BUYERS."
https://www.mmexresources.com/pdf/MMEX_Shareholder_Letter_May_2019.pdf
Not to mention: “Texas is No. 1 … We are the No. 1 oil and gas producing state. If we were our own country, we would be the 10th-largest producer in the world. We have surpassed nations in the Middle East … and a lot of that has to do with what happens right here in the Permian Basin.”
Follow the money of Accumulators and ignore the drivel of Bloviators.
https://www.mmexresources.com/
MMEX RESOURCES
Leveraging Global Demand
for Energy Assets Located in the Americas.
GET YA SOME!
Take care of the Pennies and the Nickles Dimes and the $$$$$$$$$$ will take care of THEMSELVE$!!!
It's not the Ups and Downs that make life difficult -- It's the JERKS!
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