Replies to post #114185 on MMEX Resources Corp (MMEX)

[jmjjw]

That's because you fail completely and utterly to understand finance, or scams like MMEX.

If MMEX were something other than a share-selling scam, it would be part of a JV - a syndicate partner in a special purpose vehicle (SPV), a company set up to "own" the refinery. The SPV is liable for the project debt, and holds the project equity - not MMEX.

For MMEX shares to be meaningful, MMEX would have to issue, and through either private placement, or by registration, and sale on the market, sell enough shares that it could receive the proceeds, and in turn invest that share-sale income into the refinery directly, or via the SPV.

In this case, the nominal 20-million shares DO NOT result in a single thin penny of income to MMEX from the proceeds of their sale/liquidation.

Like all the MMEX STRONG, who fail miserably at even the most basic, kindergarten level finance concepts, anyone who things this S-3 registration is positive needs to go back to kindergarten.

This kind of stuff is hilariously, stupendously stupid, and why none of the MMEX STRONG have a shred of credibility.

So 20 mil more shares equal roughly 50 mil in total. How much will the refinery be worth??? I fail to see the problem here.

Stay calm.

MMEX