Replies to post #49125 on MMEX Resources Corp (MMEX)

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If they convert the note into common stock, JNJ would have shares in MMEX. They do not have to sell, they can hold onto the shares.

Per the 8k, JNJ can only convert into common stock at a minimum of .03. If the price falls below .03, say .008, JNJ would lose a ton of money because they would have 5 million shares at .03 and then have to sell at market at .008.