Replies to post #76694 on MMEX Resources Corp (MMEX)

[crowin]

we're going nowhere unless insiders start buying

The problem is insiders and note holders are dumping free shares at any price!

They make money all the time! Shareholders get the MMEX BAG!


That is why MMEX will never ever build the first Oil Refinery in the past 40 years!

Anyone really think that a Stinky Stock like MMEX would be the first to build the first Refinery in 40 years?

Next we may hear that one of the big oil companys will be buying MMEX, because they never ever thought of the idea of building one in the West Texas desert away from the Gulf Coast.

[jmjjw]

Insiders rarely buy, unless it is part of a buy-back/share control strategy.

To the contrary, insiders look to sell, on a controlled basis, because of their concentrated risk and exposure.

MMEX insiders can only share under controlled conditions, and they will look for every opportunity for liquidity.

That's not unique to MMEX. Outside of securities and IRS statues, typically boards or advisory committees control insider sales or buys, through corporate governance policies. Since MMEX is a poorly run company, with no external board, or advisory committee, there is no such governance.

Look for insiders to sell at every opportunity, including those they or their cohorts can create.

The sole reason that MMEX is publicly traded is for that opportunity, to use the public market to create cash from nearly worthless debt-based security.

It makes a lot of extra work for Hank and his lawyer cronies, but they're trying to avoid fashionable orange jumpsuits and all that go with it - a share selling scheme like this insulates them, and lets them turn illiquid "equity" into cash.

when financing is announced, the terms will either totally suck, or marginally suck... if the latter we'll be moving sharply higher... but no financing disclosure, we're going nowhere unless insiders start buying