Replies to post #94833 on MMEX Resources Corp (MMEX)

[CEOs]

Mmex is building a CDU. De-nonents will and are sad.

Mmex has a Term sheet. Soon to be an executed Term sheet.

[jmjjw]

Yep - remember all the price run-ups that MMEX / Mad J. have tried to create with "agreements," non-binding LOI's, and now a "terms sheet" - none of which ever became public, most of which had no associated 8-K, because they are not material.

This was predicted, and predictable.

MMEX investors lack the sophistication to understand what forms a material definitive agreement, or a legally binding contract, and as such run the PPS up on immaterial news, in a giddy reaction to even things like filing of an S-1A.

The market is so far reacting appropriately.

A "Term sheet is NON binding and therefore does NOT have to have an 8k filed. A term sheet is not much better than a LOI!! Although, this is very encouraging to longs and a big step forward, the market should have ran this to well over a penny by now.