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BRoberts1982

08/28/18 2:51 PM

#108542 RE: mikoli007 #108541

Don't forget about the $5.13 price target that had some really logical reason for that number.

Of course that was just some promoter throwing out his own Carrot to the very naive to chew on.

Why throwing out a future price target is completely ridiculous?

ANSWER : Very simple, you cannot pin a price target / expected market cap number on a stock that you have no idea what the OS share count is. And MMEX's dilution is ongoing, massive and won't be stopping. So claiming a $5.13 price target last year would have put MMEX's Market Cap at around an insanely silly 5,130,000,000, of course now with well over 100% dilution that Market Cap would be at an even more silly level of around $12,000,000,000.

And when MMEX max's out its OS shares of 12 billion dollars in the future, that Market Cap will be over 60,000,000,000.

The misinformation carrot is rotten to the core.