MMEX Resources Corp (MMEX)

[flemsnopes]

I can't help wondering if MCCH has any objectively certifiable assets and it looks like we will have to take the word of the San Juan Capistrano crew since there doesn't seem to be any readily available unvarnished information about the merge target. The 8K states MCCH principals will be getting a huge chunk of shares in the deal which suggests to me the current retail shareholders will want some high quality lubricant for what is likely coming down the pike.

From the most recent 8K

Under the terms of the non-binding term sheet, MCCH would merge with a wholly owned subsidiary of Management Energy, Inc. in exchange for our issuance of 62,737,500 shares of our common stock to the owners of MCCH. Post-transaction, our current shareholders would own 41,825,000 shares of common stock. The owners of MCCH also would be issued an additional 20,912,500 shares of common stock to vest on certain milestones to be defined in definitive transaction documents.