InvestorsHub Logo
Followers 19
Posts 574
Boards Moderated 0
Alias Born 11/07/2016

Re: None

Friday, 08/02/2019 11:08:11 AM

Friday, August 02, 2019 11:08:11 AM

Post# of 122543
MMEX...GS Capital Partners LLC & Vista Capital Investments LLC are giving the company opportunity to GROW!

The value of more cash to a startup is huge!

Cash gives them the ability to attempt to grow! Without the cash it can't!

Venture Capital funds make money by owning equity-shares in the companies they invest in!

So, logic says the note holders and retail herd - are - and - should - be happy about this "dilution"!

After all, they want the company to grow - Don't they?!?

Of course they do!! That's why they want to protect their Voting Rights plus get a great ROI!!!

https://ih.advfn.com/stock-market/USOTC/mmex-resources-corporation-MMEX/stock-news/80460336/current-report-filing-8-k


Effective July 30, 2019, the parties amended the GS pledge agreement so that the newly issued shares of Series A Preferred Stock described in Item 5.03 below will be pledged to GS in lieu of the shares of Class B Common Stock previously pledged to GS.

The purpose of creating the Series A Preferred Stock was to maintain the collateral value of the equity securities of the Company pledged to lenders to secure the repayment of outstanding indebtedness of the Company. Due to the percentage ownership dilution arising from the issuance of convertible notes by the Company, the voting power of the Class B Common Stock previously pledged to lenders had been impaired. The Series A Preferred Stock restores the voting power that was initially pledged to the lenders.

Don't be fooled...THERE IS NO "DUMPING"...Or there will be no Voting Rights!!!

Also, the 15 MILLION Series A Preferred Stock shares are now valued at approx. $0.04/shr against the $600k debenture to GS Capital Partners, LLC.

"This is a great project. It has robust economics in it." - Jack Hanks

Ignore those that bloviate nonsense and use good sense to follow the $$$$$$$$$$ of the 'SUPER MAJOR International Energy and Trading Company buyers with extremely strong balance sheets' and those that Accumulate!!!

https://finance.yahoo.com/news/mmex-resources-completes-agreements-sell-130000948.html

“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.”

Take care of the Pennies, Nickles & Dimes and the MMEX $$$$$$$$$$ will take care of THEMSELVE$!!!

https://www.mmexresources.com/
MMEX RESOURCES
Leveraging Global Demand
for Energy Assets Located in the Americas.

Includes pictures of both the improvement project and the bridge construction on the website.

You've Been BLESSED!!!

It's not the Ups and Downs that make life difficult -- It's the JERKS!

Volume:
Day Range:
Bid:
Ask:
Last Trade Time:
Total Trades:
  • 1D
  • 1M
  • 3M
  • 6M
  • 1Y
  • 5Y
Recent MMEX News