Replies to post #56575 on MMEX Resources Corp (MMEX)

[Toxic Avenger]

They took out more toxic loans since the last filing. They aren't paying anything back.
They had $82 in assets (no, not $82k, $82) and 2.4 MILLION in liabilities as of 1/31/17.

So nothing is getting paid back - all the toxic notes are getting converted and dumped on retail.

Though today it looks like retail may have finally figured it out, with a million shares on the ask at .0101.

[I-Glow]

Has Hanks ever paid off a toxic note before it can be converted - the answer is no.

He borrowed the money knowing it would be repaid by conversions.

IG