My guess based on volume and a down day would be selling some shares to raise money. MMEX does have to raise 20% of the financing. I am not surprised and it doesn't bother me. I bot 12's last time it was this low and happy with them. Thinking about getting some more.
In the April 15 shareholder letter Jack said "We have made significant progress on putting the elements of project financing in place. It is our goal to complete the financing in the next 90 days." July 15th is the deadline.
If you feel timing is everything. MMEX has the right product/service at the right time in this economy with the right pro oil administration. I do. Accumulate to celebrate.
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