Replies to post #96952 on MMEX Resources Corp (MMEX)

[jmjjw]

Sounds like B.S. - nothing on OTC Markets, BrokerCheck, or SEC, or other reliable sources.

https://brokercheck.finra.org/firm/summary/21163

Looks like BMIC may be sticking around as a thorn in MMEX (retail investors) side for a while.

Haaaa...

Not sure if anybody's heard this it's going around I hub that BMIC has been shut down..

I don't think it's just a rumor..

I've been hearing it for 2 days now anybody want to confirm??

Oh geeze... Wouldn't that be just a shame.....

[CEOs]

Is this what you were referring to?

“Re: Please post ran out..OMG


NEW RESTRICTIONS ON DILUTION!! [THE WORD ON THE STREET]

Quote:tomorrow fwd they're gonna place insane restrictions on how much dilutive paper funders can sell on sub penny plays...and theyre gonna force penny funders to put up large cash collateral to even dilute sub penny plays moving fwd based on their newly imposed ARC rules
sub penny funders will still be able to dilute...but only if they put up large cash collateral...and even then theyre gonna be subject to only selling small daily amounts based on the 20 day avg liquidity in play k
Call it an "illiquidity premium" based on alpine's new Adjusted Risk Capital rules because tomorrow forward Alpine clearing will no longer be X clearing is all I know so far. Also BMIC's getting shut down tomorrow



Quote:Alpine's brokers will definitely be warning their clients as much as they can...all's I know for sure is that there's been rumors for months out there...so if I had to guess I would say all that earlier poster speculated about happening this Thursday is true...and we will know for sure by Thursday right.

The bonus for us joe retail penny players will be finding all the penny companies out there with funders locked out from selling their dilutive paper right hahahahaha weeeeeeeeeeeeeeeeeeeeeeeeeeeeeee


https://investorshub.advfn.com/boards/read_msg.aspx?message_id=139904695&txt2find=alpine ;



READ MORE CONFIRMATIONS



Quote:
I just heard a recording of a conference call. Alpine Securites is essentially locked out of Ex clearing.
A $38-50m capital call is required to keep alpine securites open. IMO Alpine and it’s clients are not short 38-50m but at least 4 or 5 times higher. Alpine IMO is out of business by Friday afternoon.


https://investorshub.advfn.com/boards/read_msg.aspx?message_id=139971579&txt2find=ALPINE ;

Quote:
"What I've heard so far is that all brokerage firms that use alpine clearing are gonna be imposing strict illiquidity rules on penny funders making it virtually impossible for them to liquidate their aged debt dilutive paper without posting insane cash collateral.
But tomorrow forward is gonna be when we start getting concrete answers on the new landscape because tomorrow is supposed to be when MM' BMIC gets shut down!"


https://investorshub.advfn.com/boards/read_msg.aspx?message_id=139970851&txt2find=ALPINE ;


Law360 (April 2, 2018, 7:49 PM EDT) -- A Manhattan federal judge gave the U.S. Securities and Exchange Commission a partial victory in its suit against a brokerage firm that allegedly failed to file clear and timely Suspicious Activity Reports, ruling Friday that a sample of SARs the agency flagged were “woefully inadequate.”

Alpine Securities Corp., a Utah-based broker that clears trades involving securities that trade for a few cents or fractions of a penny, is said by the SEC to have omitted crucial information from thousands of SARs for years. Alpine said the...”

[tdbowieknife]

Even if it was... All they need to do is get another MM to dump shares for'em.


.


Buyer Beware

Obvious Share Selling Scam

Toxic lenders up the you know what...



..

[hghscurry]

What does that mean exactly? And what does that mean for us as investors?

[hghscurry]

Got the private reply. Thanks. That’s great news for us. Can you go into a little more detail about your 2 more days comment. Thanks

[JD520]

What you mean CJ