Replies to post #107672 on MMEX Resources Corp (MMEX)

[mikoli007]

Yep and the current price per share? NOT EVEN ONE THIRD OF ONE PENNY!!!!! .003

How do those "milestones" sound now!

Here are some more facts.....Ok, facts...
1. PPS .0030 and testing the .002's quite often now.
2. NO financing
3. Several missed deadlines ( to many to count)
4. Forgot a 20 MILLION DOLLAR component!
5. Continued down trend in the chart.
6. No letter of intent
7. Admitted that dilution of "Any equity financing into which a Subsidiary enters will dilute the Company’s ownership"
8. Too many to count extreme toxic loans
9. Future extreme toxic loans to come.
10. Lack of sector knowledge and forecast ( didn't know cost of business would rise) really?

Way more to it, but EVERYONE gets the idea...

Just the facts Ma'am

Wow, out of 26 weeks, 19 weeks have been RED, yep you read that right, RED.

Or out of 52 weeks ( one year ) 34 weeks have been RED, yep, RED R E D. Only 15 green, the rest even.
wowowowowowowowow

JUST THE FACT'S MA'AM

just post the facts, because the truth speaks for itself. Whether you like it or not good or bad. DD shows where the pps was and is and the very strong potential of where it is going.

DD will lead you to the 10K and the shareholder letter where they contradict each other. DD will lead you to see the several missed deadlines. The lack of financing, the forgot about $20 MILLION DOLLAR missed component. The DD will show you the multiple upon multiple EXTREMELY TOXIC LOANS.

Thoughts and talks about building a refinery are one thing. The DD on mmex show a completely different story. Sorry, I do not have PM on any site, nor do I need it. MMEX DD tells it all, and all by itself, they are it's own worse enemy.

Talk is cheap and actions speak louder than words. There is no forward positive action in mmex. Sorry!!

[jmjjw]

Let's examine these enumerated MMEX "milestones" more honestly, and realistically:

Some milestones completed:

March 2018 - MMEX signs term sheet for Phase 1 debt financing

This claimed MMEX milestone lacks any substantive, corroborating evidence - the unnamed "international debt fund" has failed to materialize as a financing source, no "terms sheet" was ever made available to investors, and no 8-K filing exists to support a binding, material "terms sheet." This claim is also contradictory, and in conflict with the Jul. 23 10-K filing, which clearly states that no discussion other than preliminary talks were held, in conflict with the April 2 shareholder letter where the claim was made.

March 2018 - MMEX signs Diesel Product Sales Agreement with Pilot Thomas
Logistics

Similar to the imaginary "terms sheet," no substantiating, corroborating evidence exists - and MMEX cannot form a valid, legally binding contract on this matter anyway, because it lacks the capability to perform (i.e. no production facility). Pilot Thomas never made a supporting statement, and all claims on this matter are self-generated, self-referential MMEX PR.

November 2017- MMEX breaks ground on Phase 1

The Nov. 17, 2017 groundbreaking charade is as hollow and meaningless as all things MMEX - conducted without having secured project financing - but they do have a flagpole.

August 2017- MMEX secures Permit Approval to build Phase 1

This is a $100 Type O AQP, similar to all TCEQ PBR's routinely acquired by small businesses like dry cleaners, rock crushers, and paving plants - MMEX lacked the internal competence to complete the application, and as such contracted Trinity to file on its behalf. The permit is no longer valid, becuase MMEX had to alter its design to include the critical, but "forgotten" desalter.

July 2017 - Purchase of Land for Phase 1 10,000 BPD Crude Distillation Unit

For $10.00 "and other consideration," likely paid for by warrants on nearly worthless MMEX shares. The second part of the land deal has never materialized.

March 2017 - MMEX announces plan to build refinery project in West Texas.

So what. I am announcing plans to develop a cold-fusion powered cannabis farm and bitcoin mining operation in Antarctica, with supplemental solar power.

[mikoli007]

Yep, the PPS goes from the hyped announcement of .0563 to the actual/factual reality of .003 with all those "milestones" built in. Thanks for bringing that to our attentions, hadn't looked at that way before. YIKES and YUK