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Tuesday, March 09, 2021 10:43:35 AM
In the next phase of MMEX-scam's ongoing fraud, there are three possibilities:
- stagnate back to trips, once the OS approximately equals the AS
- execute a reverse-split
- jack up the AS
The latter tactic assumes an unlimited supply of marks, ignorant of dilution and its impacts. It generally impairs the crooked insiders like Hanks in obtaining new toxic debt (or any debt for that matter). MMEX-scam's (and consequently Hanks) sole income stream has been the proceeds from more than twenty toxic notes - remember, Hanks needs your monies... There are more subtle problems with increasing the AS, things like FINRA and SEC scrutiny.
That generally rules out the path involving increasing the AS, until the share-structure is rationalized - the only way to accomplish that is the reverse-split, hundreds, or thousands for one in this devastating case.
MMEX - You've Been Scammed!
Can the board of directors vote to increase the authorized shares?
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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