MMEX-scam - another day, another share dump…
Now that we’ve established that skeevy-ol Mad J. has no value, even as an organ donor, and that project financing will never materialize for MMEX-scam, we can all contemplate what happens next.
The $600K convertible with GSC is likely in default as of tomorrow - who in their right might would loan Mad Jacki-boi the nearly $700K required to pay off the note, including interest?
Mad J.’s rusty flagpole, on his little parcel of Pecos County desert paradise isn’t worth more than $60K on the best day, probably less now that Mad J.’s contaminated it with piles of his soiled Depends.
Will GSC assume control of the MMEX-scam shell, and liquidate it, creating another loss-filled husk for some other OTCM scammer to abuse? Loan sharks don’t build refineries (not that Mad J. ever intended to).
Or will GSC push the reverse split, and try to continue the Mad J. lather-rinse-repeat? They’d have to find a new scam and entire new line of B.S., probably one that incorporates cannabis, crypto, mining, and other nonsense that ‘investors’ would be conned into on another get-rich-quick dream.
All bets are off at this point - except that MMEX-scam will never conduct any legitimate business. That was always the ‘one sure thing’ - no legit source of capital would ever associate itself with something like MMEX-scam, a super-dilutive ‘equity’ who’s only business is selling shares.
MMEX - You’ve Been Scammed!