The MMEX STRONG have very (5x) bad luck with thinking, and are ill-equipped to engage in semanticist debates over language, or definitional issues.
So far, MMEX has missed five “deadlines,” “targets,” “proposed dates,” “potential events,” “possible targets,” “expected dates,” and so on (the semantics don’t really matter…) to close on the necessary project financing to realize any of its proposed projects - even the least significant, the so-called “Crude by Truck” brokering business.
First, real investors know that if there were any legitimate opportunity for a PADD III inland refinery, a real company, with access to legitimate capital markets would have either already built it, or be in the process of completing it. Real investors know that a rudimentary, small-scale crude topping unit is not a viable business, and that it is impossible to enter the refining sector using small-scale, “phased” approaches.
Further, real investors know that small-scale crude units, and small-scale refineries, which would be unable to produce marketable products in the U.S. market would not be economically viable.
Anyone with actual sector knowledge knows that competent (which MMEX is not) companies and syndicates execute to their business plan on schedule, without significant cost overruns, blown deadlines, or “targets,” etc.
There is no technology risk in the refinery sector. There is no “unknown” - this allows project plans, design, implementation/construction, etc., to proceed in known time-frames, at known costs. Uninformed, unsupported, and unsupportable claims from the MMEX strong to the contrary, there is, or should have been no reason for Mad J., and MMEX to miss any forecast/projected/target/deadline/milestone, yet somehow, due largely to gross incompetence, and fraud, MMEX has missed every single deadline/milestone/forecast/projected date, etc.