Of course, all of the information I supplied about MMEX is correct. It is critical to remember that.
The SEC is one definitive source of information regarding MMEX, and the market data, all factual, is another.
As was easily, and readily anticipated, you are unable to provide references to SEC filings, 8-K, or otherwise, specific to a “term sheet,” or any definitive material agreement for off-take, or other positive information that wold advance MMEX’s case. Anyone can look at the publicly accessible SEC database to view filings, and anyone who looks at the filing database will find that no SEC filings for MMEX exist, relative to the “term sheet,” or other material definitive agreements, with the sole exceptions of MMEX’s twelve floor-less, convertible notes.
On that basis, it is straightforward to conclude that any “term sheet,” if it even exists, is non-binding, and not material. Similarly, any off-take “agreement,” if one exists, is non-binding, non-contractual, and not material.
If, in fact a binding term sheet were in existence, or if in fact, a material definitive off-take agreement existed, MMEX would have been required to file it via Form 8-K with the SEC, and issue companion PR material.
These documents exist so far, only as claims in company-generated, self-referential PR. Due diligence, and confirmation, requires an evidentiary process - multiple, independent sources of information, which are substantive, and corroborate the company-generated claims.
MMEX has failed to provide this - as have the related entities, including the unnamed “international debt fund” party to the claimed “term sheet.”
There is no MMEX SEC filing on a “term sheet,” and there is no MMEX SEC filing on an off-take “agreement.” Facts matter.
Of course none of that is remotely correct.
It is critical to remember that information provided to the sec is the only information which can be considered valid.
This is why opinions are just that.
So, look to the sec supplied info for the term sheet ($49 million)
Look to the sec supplied info for the road completion (also verified by longs)
Look to the sec supplied info for the Pilot Thomas off take agreement which says they will take 100% of the diesel provided by mmex CDU.
If there are any further questions, perhaps we can address them tomorrow or Monday.