MMEX hasn’t “paid for” anything useful so far. Everything MMEX has “paid for” has been off the back of retail shareholders, via the proceeds of floor-less, convertible toxic debt, and the incumbent dilution to its shareholders.
A caliche road, some fence, a gate, and a flagpole are of no use to anyone, other than Mad J., as props in a share-selling scheme, to deceive unsophisticated retail investors into playing his game.
Of the more than $2.1-million in “income” from Mad J.’s floor-less convertible debt scam, he’s only been able to account for $641K in ‘Refinery Start Up Costs’ as of the last SEC filing. That leaves nearly $1.5-million in cash floating around somewhere… wonder where that went?
Definitely not something a share selling scheme would pay for as a prop. Only real business.
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