Replies to post #88955 on MMEX Resources Corp (MMEX)

[jmjjw]

To remain listed on QB, and preserve the Crown Bridge deal, MMEX must cure the QB default on, or before April 8, 2018.

There are two cures, close at or above 0.01 for ten consecutive trading days, or execute a reverse split.

To execute a compliant reverse split, MMEX must notify shareholders no later than March 29, 2018 to meet the FINRA/OTB requirement for 10-calendear day notification before the effective date of the reverse split.

In turn, this means that MMEX must close at or above 0.01 for ten consecutive trading days within the next available 26 trading days (that counts today).

While there are still many variables, there is no evidence that MMEX has begun to put project financing in place - the biggest piece of evidence would be an equity raise (private equity) for an SPV associated with a Joint Venture project (syndicate).

It seems unlikely that MMEX's PPS will rise to 0.01, and remain stable at or above that level, absent significant, material positive news, specifically that project financing has been secured.

The reverse split it the most likely, and readily predictable outcome.

Will the financing come first for MMEX or the RS according to pepe? We shall see before April.