Replies to post #71430 on MMEX Resources Corp (MMEX)

[CEOs]

Same as you...

O/s A shares are around 1.46 billion

Two directors own 37.2% of A shares.

The remainder is float as we already know how many they own as of the up-listing OTC statement.

Take the 1.46 billion and subtract the 37.2%.

Also, the two directors own 100% of B shares as of now.

[CEOs]

Current float of A shares is around 920 million or so.

There is no current float of B shares per the OTC up-listing filing.

Plus, I don't think the telephone typo is going to be an issue.

[I-Glow]

The OTCQB isn't uplisting - it is a tier created by OTCM to generate more revenue.

OTCM isn't a exchange or a regulator - it is a for profit PR Company.

The OTCQB is used to deceive noobie investors into thinking the company is uplisting - but it is a meaninglessness designation.

Recently OTCM relaxed the requirements to maintain the eligibility - as they want as many companies as possible to qualify for OTCQB.

The OTCQB certification isn't filed with the SEC and the OTCM isn't vetting the application all that closely - if the company is above 0.01 for 30 days all is golden.

To maintain the eligibility if the company falls below 0.01 they are now given 90 days to become compliant.

Effective May 18, 2017 the company doesn't have to be a SEC filer.

OTC Markets Amends Listing Standards for OTCQB to Allow Non-Reporting Issuers.

Effective May 18, the OTC Markets has amended its qualification rules for the OTCQB to allow quotation by companies that follow its alternative reporting standard (“Alternative Reporting Standard”).

As anyone can see the OTCQB doesn't have any value.

IG