Replies to post #111849 on MMEX Resources Corp (MMEX)

[DirtyDawg]

Correct.

Financing for Distillation Unit this month.

Just the beginning.

[jmjjw]

For the MMEX STRONG, most of whom seem to have zero sector knowledge, here are some insights.

If MMEX had anything in flight, it would be known within the sector - technology, EPC, and finance specialists, legitimate industry analysts, and press would be all over it. There is nothing - no legit analysis, no analyst coverage, no nothing.

If MMEX had any project financing in the wind, it would be known. Equity placements, public, private, or hybrid are shopped by specialty deal teams, and they are at minimum telegraphed, to gauge interest, category of limited partner, qualifications, and other factors. There is no evidence of any equity placement activity for MMEX - no potential LP contact, or queries, no nothing in the applicable part of the sector. Similarly, the debt component would be run by the same, or another specialty deal team - that activity is always visible. There is nothing.

As a companion, when Mad J., the incompetent fool disclosed his blunder (“forgetting” the desalter, and failing to account for rising costs in the Permian), there would have been a series of events rapidly triggered, like trying to amend the TCEQ permit, expanding the equity search, a visible rush to fix that enormous, existential threat of a blow-out. Instead, there was nothing.

It helps to actually be in the business, with experience raising capital, instead of an uninformed retail “investor.” This is not like getting a car, or home loan. Deal times for infrastructure are limited in number, they don’t work for free, and they have considerable legal expertise, well developed networks of capital sources, engineering, finance, and market experts that bring to closure within 180-days at the outside, routinely, projects much more significant than MMEX’s rudimentary topping unit. It is clear that none of these experts are involved.

So it is pretty safe territory to claim that no project financing is in the wind - diaper-wearing Mad J. isn’t by any means an expert, credible, or luminary in the sector - he’s a pariah. I know of at least three Gong Show events where Mad J., and MMEX were the ceremonial pig-roast attractions.

The only proof of financing you or I will get is the 8-K afterwards, or maybe an announcement right after financing and before filing. Do you really expect definitive information before close or something? What do you expect? Jack doesn't care about proving anything to you I'm certain. Stand by and see it all come together. EPC announcement and financing and who knows what else. IMO