Replies to post #49390 on MMEX Resources Corp (MMEX)

[drog68]

I'm not a fan of this deal either, and have asked MMEX IR how they plan to show us a form of accretive financing moving forward...I'll stick around a bit longer to see how they move along

[ROUGAROU]

It's very small money. When you see hundreds of millions of shares "sold", be worried.

[BBANBOB]

"" I don't participate in fraud offerings. This note is not designed to be repaid in cash, it's designed to be repaid with stock. Tons of stock issued at a 40% discount to the lowest price in the 20 days prior to the conversions.""

That's why it's called "death-spiral financing".


With a floor of .03 you forgot that part or a 50% increase from where we currently are.

I am well aware of DSF and hate it,but am willing to give this a bit to see if it is USED for JACKs SALARY or for GOOD PURPOSES, IR costs permits filings ect

All here have the option to either be in it or out of it

[Sage7243]

Good grief,

At one point, I owned 5 million of $MMEX. That is called change. They are using these funds to pay for the permits, so then they can secure real financing. It's called a bridge loan.