Replies to post #49663 on MMEX Resources Corp (MMEX)

[Carjockey2]

I am of the same opinon....it shows progress .....we are moving along to get this refinery built...for the love of GAWD

>>>>My guess is this note is to pay for all the filings, permits, fees etc. Why in the world would he pay out of pocket when he can get a loan?

Please....lol...200k...is peanuts...won't even look like a pimple on a moose's butt soon...imo

Hey I'm not a CPA but I did stay in a Holiday Inn last night..

MMEX....show me the money....

[kingmack]

I guess it's just to hard to understand for some people. It has been declared that Jack Hanks through MMEX wants to buil a 450 Mil Dollar Refinery correct? We can all concur that this has been established. How is a Company going to get Financed for 450 Mil Dollars when just on a $145k Loan agree to pay the Lender $96k in Interest/Payoff Fees at a calculated rate of a 66 Percent Premium? Think logical about this. This is one of the worst Financial Lender Agreements I have ever seen. The $145K Loan is going to cost over $200K to pay it off in six months. Have you ever heard of such a deal? This is the Owner only employee of the Company agreeing to this. There is no way based upon this Financing Agreement he will get a 450 Mil Loan. MMEX already owes 30 Mil in Debt that is Convertible. This is not going to end well my friends. GLTA