MMEX-scam is toast.
Please provide a verifiable source, or preferably independent sources of information that prove the insane claim that MMEX-scam has secured any project financing, even for $0.34 - let alone the laughable notion that a super-dilutive share issuance scheme obtained $340-million. What utter B.S.
The facts are that no company, even if it were legitimate, could ever receive a single penny of legitimate financing if it were structured as a super-dilutive equity.
This is one of many elements that clearly identifies MMEX-scam as a share-issuance scheme.
Mad J. has diluted existing retail share holders out of existence, between the decline in the PPS before the first reverse split, and following it - effective losses for anyone still holding from before the reverse split are in the asymptote, >99.9999999%.
No legitimate source of debt, or equity would put money into a company with a capital structure like MMEX-scam. It simply would never happen. There are now more than 2-billion shares outstanding.
If by some miracle, there was someone stupid enough to provide project financing for MMEX-scam, Mad J. would be forced to clean up MMEX-scam’s capital structure before any investment - this forces a reverse split, and it forces the pay-off of the toxic notes. Stinky-ol Mad Jacki-boi isn’t about to do that, and no legit investor would put good money into paying off the sharty ol’ geezer's bad debt. Investors require that anything of that nature comes out of the hide of the management team that made the terrible decision to take on a floor-less convertible note.
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