Hanks loves marks like this… anyone who doesn’t understand dilution is the perfect mark for penny-scams like MMEX.
Here’s a simplified explanation. First, MMEX has no treasury shares. All of the currently issued shares are either owned by insiders, debt holders, or public market investors - none are company-owned treasury shares.
The authorized share count (currently 25-billion) represents the maximum number of shares issuable. The outstanding share count (currently a bit more than 19-billion) represent the number of shares issued. Within the outstanding share count, there are restricted, and unrestricted shares. The latter are free-trading. There are currently 12.8-billion free trading shares, and about 6.5-billion restricted shares.
The restricted shares don’t meet SEC 144, based on holding period requirements. As time marches on, the 144 restriction expires, and those shares become unrestricted, free-trading.
You’ve already seen (and either rejected, or don’t understand) BRobers1982 explanation of dilution. Every share flowing into the free-trading OS pool is dilutive - 100% - the origin of those shares are from ratchet-based convertible debt - Mad Jack’s toxic lenders are creating shares from thin air, washing them into the market, where gullible suckers, trips vultures, gamblers, and scammers suck them up.
No legitimate company has a share structure like this - again, search for the term “death-spiral financing” - you can see dozens of independent references on the topic, including various explanations of dilution.
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.
