Replies to post #90460 on MMEX Resources Corp (MMEX)

[jmjjw]

Nope, not in the sense you insinuate.

This is MMEX "handing over" registration rights for 220-million shares to Vista Capital - one of MMEX's toxic note holders.

This allows Vista to skate the Rule 144 holding period, and begin to liquidate the shares associated with its toxic note.

MMEX/Jack screws the common holders yet again...

News! Private placement

http://archive.fast-edgar.com//20180301/ASZ2B22CZ22FD2T2222N22Z2TCQRFZ27G2A2/

[elks]

adding here MMEX!!!!!!!!!!!!!!!!!!!!!!!!!!!

[I-Glow]

Sorry but once again the devil is in the details.

"The Original Registration Statement includes shares (the “Vista Shares”) issuable upon conversion of an outstanding convertible note issued to Vista Capital Investments LLC (the “Vista Note”). The Registration Statement increases the number of Vista Shares from 16,500,000 Vista Shares by an additional 220,000,000 Vista Shares."

Hanks abusing shareholders once again.

By issuing the 220 million shares to Vista using the S-1 as jj pointed out is a way to circumvent Rule 144 so the shares are free trading immediately - so they can dump before Hanks does the reverse split.

IG

[Rocket-Interceptor]

is this good news? what´s up here with mmex?