Replies to post #9342 on MMEX Resources Corp (MMEX)

[pennypirate]

Right? Made perfect sense to me. Guess we gotta wait for .035 until people relize why he HAD to do what he did. Once it sinks in then we can see our huge run.

MMEX

[HokieHead]

MMEX valuations..

Incoming merger values the assets alone with current outstanding share count at $0.38, if all authorized shares were outstanding at $0.03-$0.05 a share..

WHEREAS, on the terms and conditions set forth herein, the Company desires to issue and assign to Purchaser a total of 7,000,000,000 shares in two tranches (the “Purchased Shares” or the “Shares”) to acquire the Project Intellectual Property Rights at a nominal valuation of US$ 344,459,120 constituting a share ownership interest in the Company to be determined by a valuation and fairness opinion issued by a third party independent consultant retained by the Company.

The valuation of the property rights are $345 million!!

Do the math: He took 7 billion shares for an asset valued at $345 million, or $0.05 a share!

Even if you took all the 10 billion shares and said they were outstanding you have just the assets valued at $0.035 a share!!!

$345 million/10 billion = $0.035.

THIS VALUATION OF THE PROPERTY ALONE IS WORTH $0.035 CENTS!

Also:

The Company as of this date has 906,923,522 issued and outstanding common shares, no preferred shares issued

With 907 million shares outstanding currently the assets alone should be valued at $0.38 a share!