In case it isn’t obvious: Time is well past October 15, and we’ve just exited the first full week of November, 2019. Wait for it… wait for it… STILL NO PROJECT FINANCING...
In ten days, MMEX-scam will ‘celebrate’ its two-year anniversary of the ground-breaking charade. Recall that this was conducted with no project financing in place - in fact, SEC filings indicate that no preliminary discussions had even been conducted.
Please provide an in-depth analysis of exactly how, and why, a super-dilutive OTCM share-issuance scheme like MMEX-scam could possibly be eligible for project financing. Consider:
- MMEX has no significant assets - MMEX is insolvent - MMEX has no business operations or employees - MMEX has cumulative debt and current losses exceeding $40-million - MMEX has no viable business plan - MMEX owns no proprietary technology - MMEX owns no intellectual property - MMEX has no luminary technical or management team - MMEX has no supplier relationships - MMEX has no customer relationships - MMEX has more than 8-billion shares outstanding, out of 25-billion authorized
If anyone can account for a project financing plan, legitimate sources of both equity and debt who would engage with MMEX-scam based on the above facts, please share that knowledge.
MMEX - You’ve Been Scammed!
Waiting for 8K on financing. Due between Oct 15th and beginning of November.
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