Friday, May 01, 2020 2:37:06 PM
There is a still-pending action with FINRA to increase the A/S from 25-billion to 37-billion, to cope with the effect of reserves on shares associated with dilution, including pending wash-out of toxic notes, and anti-dilution warrant coverage for Mad J.’s loan shark pals.
If that we’re bad enough, Mad J. did him and his insider pals a solid, creating another 38.1-billion shares for an insider convertible on top of the required 37-billion share A/S increase.
The sum of 37-billion in the pending FINRA action, and the 38.1-billion shares on the insider convertible represent the minimum required A/S - that is 75.1-billion shares!
MMEX-scam is a total laughing-stock. Anyone gullible enough to ‘invest’ in a shite-pile like MMEX-scam must either be illiterate or cognitively impaired. With almost 3/4 of a trillion (yes, trillion) shares necessary in the A/S to reconcile the capital structure, there is no possibility of financing, or recovery for MMEX-scam.
They were forced to document in this most recent 10Q that MMEX-scam is unable to obtain any more toxic financing, because they’ve run out of shares!
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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