MMEX-scam is toast… stinky ‘ol Mad Jacki-boi doesn’t even know when his Depends are full - should’a seen the spectacle at the water board meeting when ‘ol Mad J. was spouting his demented B.S. - didn’t even pay attention to the cloud of flies buzzing around his stinky ‘ol carcass…
The most recent Form 4 is instructive.
There’s some pretty sketchy (at best) stuff embedded in it.
The most recent 10-Q, Note 12 - Subsequent Events, page 26 reflects some affiliated party transactions - convertible notes issued to Maple Resources. Two of the four aggregate, approximately, to the Form 4, Table II, row 3 transaction, with differences in maturity dates.
One of the four Form 4 transactions, the most egregious, for 4.5-billion option shares shows a 10/30/2019 execution date. There are no corresponding 8-K filings for these transactions.
Of course, no money was involved in these sketchy transactions - the August transaction isn’t in the consolidated financials, and the most recent, 10/30 transaction has no associated 8-K...
An MMEX-scam shareholder has legal standing to file a complaint with the SEC on matters like this - accounting irregularity and apparent fraud in the 10-Q, failure to file the required material event notices, etc.
The lack of transparency, compliance violations, and outright fraud is astonishing. These transactions represent about 20% of the A/S - all of them dilutive, and have no associated value (i.e. no cash was involved).
So the share-pushing crowd shows up every day to try and convince the ultra-gullible to ‘have patience’ or some such nonsense, while they are standing in a burning building. Mad J. Has no clue what’s going on, other than he likes your money. Meanwhile, trips vultures and wanna-be flippers, classified by SEC research as degenerate gamblers continue to traffic in MMEX-scam toxic trash.
MMEX - You’ve Been Scammed!
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