Replies to post #62432 on MMEX Resources Corp (MMEX)

[Sleepy2016]

No, .0078 was the closing price on the day the stock was registered. They could have given them away free for all we know. They are repeat scammers after all.

They do tell us this:

Under the Equity Purchase Agreement, the purchase price of the shares to be sold to Crown Bridge will be at a price equal to 80% of the lowest traded price of our Class A common stock in the seven trading days immediately following the clearing date of the put shares for the respective put notice.

Looks like a floorless convertible,

[shajandr]

Nope, YOU are the one who's wrong. Read the Crown terms - it's a CONvertible FLOORLESS debt transaction. It's couched as a 'share sale' butt it's really a short-term debt bomb and it's CONvertible and it is in fact FLOORLESS.

READ the terms of it. And read my earlier posts about it when it came ~OUTT.