WHERE IS THE ROAD "PRIVATE" FACEBOOKERS SHOW THE PHOTO -WHO HAS A PLUCKING CLOSED FACEBOOK GROUP____? DAAAAAAHHHH - REAL COMPANIES DO NOT USE A FACEBOOK TO SHOW WHAT IS NEXT LOL ARE YOU KIDDING ME! ? ROTFLMMFAO!!!
and this is exactly what Hanks wants everybody to believe! ...too funny! it seems to work pretty well for him!
And rest assured, Hanks didn't put a lot of money into this gravel path.....actually that cost him almost nothing compared to what he has gained so far by selling his shares directly or indirectly via those toxic debt notes!
More false, and misleading information from an MMEX proponent - imagine that.
In Texas, a 4-lane, undivided rural highway has a minimum with of 64-feet; 4 twelve-foot wide lanes, two shoulders with a minimum width of 8-feet on either side, 10-feet in some cases (bringing the width to 68-feet), and a variable collector on either side, which can make the width as much as 80-feet.
MMEX's caliche access road is in no way equivalent to a "4 lane highway."
MMEX disclosed in its 10-K approximately $219K for easement related expenditures (for a caliche road), which is at least 2x what this kind of work normally costs, for a stretch less than three miles in length, especially in the kind of terrain in which the work was performed - flat, loose material, little rock or surface obstruction.
Of course, all of that was "financed" with the proceeds from toxic debt, taken out of retail shareholder's hides.
And ironically, none of that was necessary - MMEX's road to nowhere is a prop in a share-selling scheme - in a real infrastructure project, the SPV would have conducted this work out of closed project funds. As opposed to "smart," this is really (5X) dumb, and the most expensive way to perform this kind of work.
Anyone familiar with the site knows that "full and unimpeded access" is already there - it is a largely flat piece of Pecos County desert.
MMEX's private investor relations channel is running thin on material - the last update is shaky cell-phone video showing an empty site, locked gate, and no activity, on Aug. 13. The prior was on Aug. 4, showing signage required by the TCEQ for Childs' activity. Pushing dirt isn't interesting to the market, as is readily apparent based on MMEX's PPS.