Replies to post #49237 on MMEX Resources Corp (MMEX)

[Carjockey2]

Thank you for your common sense post...

I'm giggling right now...

Sell Sell Sell...because News is on our door step..

MMEX

[wgstocks]

I CAN HEAR THE DINNER BELL NOW! "Come get yer supper b!tches!"

[Penny Naive]

Great analysis!!!! I like you

[kraken]

Because it's a gamble. JSJ wins either way. 50% interest for 6 months is totally gouging and shows that Hanks can't get financing at reasonable interest rates because why...too risky of a history.

[Papalaka]

Finally, someone who gets it!!!!

$MMEX

[Ocean challenger]

I agree, Great post!!

[Diggnun21]

Spot on. I've been busy loading. Guaranteed profit. This also means no RS, for any that were concerned. Expecting a nice move up soon. Also, when this is converted, nobody will even notice. It'll be a tick down on a big move up, if that. MMEX$$&

[I-Glow]

You made a post about logical deduction concerning the toxic loans to MMEX.

Logical deduction. Why would a company loan MMEX over $100k, and accept an amount of shares in return at a .03 floor price (which is essentially the break even point), during a point in time when the stock price is trading at or around .02?

Obviously you failed to understand the promissory note.

I am not certain what caused the confusion - here is the part about the $0.03 that you think is the floor - but the financing is indeed floorless.

"Prior to the 180th day after issuance, the conversion price cannot be less than a floor of $.03 per share of common stock."

So prior to the 180th day the price can't be below $0.03 - but that is meaningless because according to Rule 144 the shares are restricted for 180 days.

After that the Floorless conversions kick in.

"The holder of the note, at its option, may convert the unpaid principal balance of, and accrued interest on, the note into shares of our common stock at a 40% discount from the lowest trading price during the 20 days prior to conversion."

Those are some of the worst terms I have seen for a toxic loan.

So, we now know that Hanks isn't much of a negotiator.

Logical deduction. Why would a company loan MMEX over $100k, and accept an amount of shares in return at a .03 floor price (which is essentially the break even point), during a point in time when the stock price is trading at or around .02?

Because: The lender is confident MMEX will produce news that will push the pps up, and beyond the floor price, and into the profit zone. The lender isn't planning on losing any money. The are counting on receiving a profit.

I think news will come sooner than later because I doubt the lender wants to see the share price drop from this level, and the longer OTCs go without releasing news, well, we all know the possibility of the stock price declining increases. Again, lenders do not plan to lose money. The plan to profit.

It is also very rare to see a lender agree to a floor price which is well above the current market price.

It is very rare because it doesn't happen and it certainly didn't happen with MMEX - you didn't read it very closely.

IG