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jmjjw

03/13/19 1:52 PM

#116732 RE: I FAR I #116727

MMEX-scam’s true believers are the most gullible, naive individuals on Earth.

All of these claims are either misleading (at best), or 100% false.

Mad J. and his collaborator’s can’t even get their SEC filings in sync; one classic example, the Dec. 11, 2018 S-3 registration claims 49,274,835 shares outstanding after the offering, and yesterday’s 10-Q claims 42,283,561 shares outstanding.

Even the simplest mechanics of business and reporting are beyond the capabilities of Mad J. and the MMEX-scam fraudsters.

There is a single, now invalid TCEQ permit, a Type O AQP on file, and not even a new application or petition to amend to operate a rudimentary topping unit that could actually function.

As of March 12, 2019, MMEX-scam, by its own admission, has had only preliminary financing discussions, and has no commitments, letters of intent, or any material financing secured. And so on.

The nonsensical, unsupportable, and unsupported claim, “the refinery will be built” is utter B.S.; insolvent penny-scam companies like MMEX-scam have no access to the nearly $100-million it would take to build even the rudimentary topping unit proposed in Phase I - which if built, would fail in less than a year. Anyone with sector knowledge knows that a topping unit cannot generate positive cash-flow!

What a joke!

MMEX - You’ve been scammed!

MMEX...The refinery will be built...The truth is they keep filing...All permits and agreements are still in place and things look good so they are pushing ahead...Only the strong survive!