I wonder what will make this stock run? What has the company done to create value? Shareholders have been waiting 4 years for MMEX to do something.
In four years they have pushed out a dirt road, put up a wire fence, and drilled some holes. No construction on site to speak of. No basic refinery. No confirmed financing. In reality, the Engineering and design phase of refinery project was never finished, let alone the actual building of a refinery.
Shares bought and held thru the first reverse split lost 99.9999% of their value. And yes, the stock price actually dropped substantially below .0001.
Share price has already dropped 65% since the 2nd RS that was just executed. Has MMEX done anything to hold the share price up? Nothing that I am aware of.
Just another news release that mentions solar power and potential financing. They already tried this avenue a few years ago. Nothing happened with Solar farm or financing. And if they continue doing the same thing they have done for the last 4 years, the share price will continue to drop. Im also guessing it won’t be long until they start adding to the Outstanding shares count, just as they have done in the past.
Whether or not it makes it back to .0001 is anybody’s guess, but it did it the last time, and it is quickly loosing ground again. So not being negative, just realistic, due to what I have seen in the last 4 years.
Best to all,
WW
