MMEX Resources Corp (MMEX)

[jmjjw]

Do a little research into death-spiral financing...

If they dilute this down to .0001 then RS what purpose did it serve to raise the AS to 10 bn?

The underlying "business model" (in reality fraud) relies on generating free-trading shares, which in turn flood the market. Mad Jacki-boi profits up front from the toxic loans that underpin the share issuance. Mad Jacki-boi's criminal pals, the toxic lenders and associated MM's profit on the spread, not the PPS.

They need billions of free-trading shares to conduct their fraud, diluting "investors" out of existence, finally washing them out completely at the RS. Lather, rinse, repeat.

MMEX - You've Been Scammed!