Replies to post #116439 on MMEX Resources Corp (MMEX)

[jmjjw]

In Texas, property values are established by the market.

In the case of MMEX-scam’s parcel, the transaction was conducted for $10-cash consideration, and warrants on nearly worthless MMEX-scam shares.

The value you see in the Pecos County CAD record is the assessed value of the property, not the market value.

The land’s market value is significantly less than the assessed value - factually, MMEX-scam is upside-down in this situation. The land has no agricultural use, and it carries no exemptions. This is why the former landowner was eager to dump it - it represented tax liability on non-productive, nearly worthless land. It was also land-locked, and required spending money to obtain an access easement from UTLands, so the entire deal is a net negative.

What a hilarious joke (on MMEX-scam retail “investors.”).

You could look at it that way, or you could also say the current value of $7570 is an increase of 93% since 2017 when it was worth $540. Wow, in one year value is up 93%. good investment

I wonder if its because an Oil Refinery start up company named MMEX Resources bought it?