Replies to post #100521 on MMEX Resources Corp (MMEX)

[jmjjw]

Not necessarily - but it would be indicative of investment decision making on a subjective, rather than factual basis.

Clearly, there is no project financing in place. There is no SEC Form 8-K filing, no associated PR, from any source. There is no indication that any is, or has been shopped - deals of this nature are never invisible in the finance community - no evidence exists of a project financing deal in flight, no equity placement, no nothing.

Absent factual evidence of project financing, why make false claims about it, or make subjective decisions that are likely wrong?

MMEX has presented nothing substantive that would suggest financing is secure - a vague, non-binding "term sheet" from an unnamed "international debt fund," with no disclosure as to the deal structure, no solid path to the required 20% equity (nominally $10-million) is all that exists, claimed a shareholder letter. There are now 13 business days remaining until the MMEX self-imposed May 31 deadline passes - with no positive news. The most recent activity was negative, an 8-K announcing $78K more in convertible, floor-less toxic debt. Any company that had access to $10-million in legitimate equity would not have taken such a step.

I am convinced financing is a done deal as well, does that make me an insider trader as well??

SMH

[bildo]

Me too, and I'm a kijillian miles away and know nobody. Just going on MMEX track record, letters/filings and my gut feeling on how much sense this projects makes. As for the price of oil affecting refineries, refineries in the Permian will get oil at a premium just because they're close to the source. Genius IMO... that Jack is a genius i tell you, a genius. He's a ground breaker, a visionary, a go getter.

MMEX

[marianothis]

;-)

convinced is different from insider knowledge.

i'm convinced too btw !