Replies to post #120431 on MMEX Resources Corp (MMEX)

[jmjjw]

Sub-penny scams like MMEX-scam are life-changing - in the most negative sense. If you enjoy suffering 99.9% losses, into the asymptote, MMEX-scam is for you.

The pirouetting penny-scam pumpers are coming out of the woodwork.

MMEX-scam is an insolvent, debt-stuffed shell corporation. Its cumulative losses and current liabilities exceed $40-million. It has no business operations, no employees, no suppliers, no customers, owns no intellectual property or proprietary technology. MMEX-scam has no luminary management or technology team. MMEX-scam has no significant assets, the value of its assets is greatly exceeded by its liabilities. All of this information is contained in MMEX-scam’s SEC filings - public record.

MMEX-SCAM’s share structure, that of a super-dilutive equity, is unsustainable. There are currently more than 17-billion shares outstanding - more than 10-billion of those shares are free-trading. MMEX-SCAM’s dilution increases every trading day, as more toxic debt is converted and stepped out. There are currently 25-billion shares authorized, against 73-billion shares issued - a significant structural problem. The difference is insurmountable.

Anyone who can do basic math, and understands valuation knows the problem - the only out for MMEX-scam is another reverse split. That split will have to be massive, destructive to anyone holding MMEX-scam shares when the split occurs. To rationalize the share structure, that split will have to be on the order of 100 for 1, likely worse. This will be the second reverse split for MMEX-scam - it is inevitable. Just as in the first RS, anyone holding the bag will be washed out, suffering loss into the asymptotic zone.

MMEX - You've Been Scammed!

$MMEX will be Life changing, Buy and put away

[lowfloatwayne]

With the amount of money put in this ticker the last 2 months and all the eyes on it. It could do great.