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Friday, November 08, 2019 4:37:18 PM
- MMEX is a super-dilutive OTCM shell company, with no intrinsic value
- MMEX sits atop more than $40-million in cumulative losses, and current liabilities
- MMEX does not have a viable business plan:
- there is no need for a rudimentary crude topping unit in the Permian Basin
- the plan proffered by MMEX ignores every fundamental in the downstream sector
- this has led to no, as in zero project financing over a period of two-plus years
- MMEX has already demonstrated the complete illegitimacy of its existence, having washed out
the first round of retail investors, through both the decline in PPS, and the first reverse split
- MMEX is currently sitting atop more than 8-billion shares outstanding
- MMEX’s outstanding more than doubled with the events of the last few days, vis. Hanks giving
himself 4.9-billion shares - all of that was dilutive
The end result of all that, all of which is factual, has driven MMEX into pragmatic no-bid territory.
As such, trips vultures and wanna-be flippers are all that’s left to trade it, yo-yoing the PPS between $0.0001 and $0.0002.
The stake through the heart of MMEX (retail investors) is the toxic lenders associated with this ‘deal’. They dumped 87-million shares today alone. The continued hammer-down from dilution caps any potential significant rise in PPS.
A reverse split is inevitable at this point - an O/S of more than 8-billion shares, a number which is still growing demands it. No sane investor chases bad money with good money, especially when at best the next split is 1 for 100, or more likely exceeding 1 for 1,000. To get back to $0.14, where MMEX was post split at the last event would require a 1 for 1,400 reverse split using the recent VWAP as the basis.
The inevitable fall-off in value after a reverse split, combined with compression of holdings is a guaranteed way to lose money. That is the pattern MMEX has exhibited since inception.
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
Last Shot Hydration Drink Announced as Official Sponsor of Red River Athletic Conference • EQLB • Jun 20, 2024 2:38 PM
ATWEC Announces Major Acquisition and Lays Out Strategic Growth Plans • ATWT • Jun 20, 2024 7:09 AM
North Bay Resources Announces Composite Assays of 0.53 and 0.44 Troy Ounces per Ton Gold in Trenches B + C at Fran Gold, British Columbia • NBRI • Jun 18, 2024 9:18 AM
VAYK Assembling New Management Team for $64 Billion Domestic Market • VAYK • Jun 18, 2024 9:00 AM
Fifty 1 Labs, Inc Announces Acquisition of Drago Knives, LLC • CAFI • Jun 18, 2024 8:45 AM
Hydromer Announces Attainment of ISO 13485 Certification • HYDI • Jun 17, 2024 9:22 AM