Thursday, October 17, 2019 10:15:27 AM
Mad J., having defaulted on the $600K note to GSC has kicked the can a few months down the road - this is easier than either GSC calling the note, or Mad J. addressing it as would any legitimate business (MMEX-scam was never a legitimate business). Factually, no legitimate business would ever take on toxic debt, no competent CEO, or any legitimate corporate officer would ever sign up for it, and no proper board of directors would ever let it happen.
But, as anyone can see, MMEX-scam has no legitimate, competent management team, and it has no independent board of directors, or any form of legitimate corporate oversight. It is the clearest example of a text-book share-selling scheme in recent history.
In a month, MMEX-scam will celebrate the two-year anniversary of its charade ‘ground-breaking’ ceremony, conducted without having ever even shopped the scam project for financing. ‘Investors’ fell for Mad J.’s scam hook, line, and sinker. Anyone invested since that time has suffered losses into the asymptote - greater than 99.999999%. And there is still another reverse split coming.
Meanwhile, Mad J., the crooked insider has given his loan shark pals another $90K, plus interest and penalties, to continue running their Mafia-style bust-out scam, minting 33.333-million shares for every $1K of ‘debt’ the convert out - all of it compounding dilution hand over fist.
MMEX - You’ve Been Scammed!
When you are dead, you don't know that you are dead. It is difficult only for others. It is the same when you are stupid.
Recent MMEX News
- Form 8-K - Current report • Edgar (US Regulatory) • 02/05/2024 09:51:51 PM
- Form PRE 14C - Other preliminary information statements • Edgar (US Regulatory) • 01/08/2024 02:30:21 PM
- Form SC 13G - Statement of acquisition of beneficial ownership by individuals • Edgar (US Regulatory) • 01/03/2024 01:18:51 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 12/14/2023 03:11:12 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 10/06/2023 04:48:44 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 09/14/2023 06:42:49 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 09/11/2023 08:50:05 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 08/14/2023 01:30:20 PM
- Form 10-K - Annual report [Section 13 and 15(d), not S-K Item 405] • Edgar (US Regulatory) • 07/17/2023 08:55:16 PM
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