Replies to post #116785 on MMEX Resources Corp (MMEX)

[jmjjw]

MMEX-scam, hopes and dreams, riddled by fatal flaws.

There is no JV or syndicate of any sort forming around MMEX-scam’s flawed scheme.

Anyone that understands project finance knows that the MMEX-scam scheme is filled with more holes than a sieve.

As a first order issue, if there were a legitimate opportunity for a PADD III inland refinery, a company, or syndicate of companies with access to legitimate capital would have already built it, or be completing it. MMEX-scam is beyond a day late, and multiple (hundreds) of millions of dollars short.

Anyone that understands project finance knows it simply doesn’t work the way that MMEX-scam is pursuing it. Everything that could possibly be wrong with MMEX-scam’s process is wrong, and then some.

Insolvent, super-dilutive OTC shell companies, with no business operations, no employees, no suppliers, no customers, no assets, sitting atop $40-million in cumulative losses and current liabilities are not financeable.

This is doubly true when the CEO is a fraudster, grifter, and con-man, with 30+ years of business failures.

I don't know, but there are some BIG companies out there who plan to spend BIG money in the same area over the next few years. Lots of good articles out there regarding this. IMO

MMEX