MMEX Resources Corp (MMEX)

[jmjjw]

It will take a bit of effort, likely beyond the penny-scammer’s capability to fully “appreciate” MMEX-scam’s predicament.

Through various imbecilic maneuvers, Mad J.’s create a condition where there’s a need to up the AS from 25-billion, to at least 73-billion shares - more than double the current AS. The only other alternative is an RS and restructuring. FINRA declined to up the AS on Mad J.’s last attempt.

The current OS has increased by 2-billion shares since the most recent pump started. Against the current 25-billion “cap” in the AS, this means Hanks’ toxic lenders have at least 6-billion more shares to dilute with before hitting the cap. Either an RS will be a necessity, along with restructuring, or the AS will have to dramatically increase.

Reinforcing, no legit company has a share structure like this - MMEX-scam is a classic example of a super-dilutive “equity,” a textbook, almost hyperbole in death-spiral financing. I’m using it as a curriculum example in securities law, demonstrating how fraudulent schemes like MMEX-scam work. Even the poorest-performing of my 1L’s get it in a single seminar lecture.

MMEX - You’ve Been Scammed!