Sunday, February 07, 2021 2:13:02 PM
The pirouetting penny-scam pumpers are coming out of the woodwork.
MMEX-scam is an insolvent, debt-stuffed shell corporation. Its cumulative losses and current liabilities exceed $40-million. It has no business operations, no employees, no suppliers, no customers, owns no intellectual property or proprietary technology. MMEX-scam has no luminary management or technology team. MMEX-scam has no significant assets, the value of its assets is greatly exceeded by its liabilities. All of this information is contained in MMEX-scam’s SEC filings - public record.
MMEX-SCAM’s share structure, that of a super-dilutive equity, is unsustainable. There are currently more than 17-billion shares outstanding - more than 10-billion of those shares are free-trading. MMEX-SCAM’s dilution increases every trading day, as more toxic debt is converted and stepped out. There are currently 25-billion shares authorized, against 73-billion shares issued - a significant structural problem. The difference is insurmountable.
Anyone who can do basic math, and understands valuation knows the problem - the only out for MMEX-scam is another reverse split. That split will have to be massive, destructive to anyone holding MMEX-scam shares when the split occurs. To rationalize the share structure, that split will have to be on the order of 100 for 1, likely worse. This will be the second reverse split for MMEX-scam - it is inevitable. Just as in the first RS, anyone holding the bag will be washed out, suffering loss into the asymptotic zone.
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
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