Replies to post #121672 on MMEX Resources Corp (MMEX)

[jmjjw]

Yep - no big moves. CDEL has found a sweet spot to finish the dump around 0.0017.

For those "optimists" that think the MMEX share printing press will continue to run, you're in for a surprise. Once CDEL finishes dumping out the GSC conversion shares, one of two things will happen:

- the least likely is jacking up the AS. Recall that Hank's sole income stream is the proceeds from floor-less, convertible toxic debt. While jacking up the AS would allow dilution to continue (if FINRA approved it), it depresses the PPS and volume. This creates a problem for obtaining new toxic debt - toxic lenders need to cash out hand-over-fist, and a depressed PPS, declining volume and stagnant, sideways trading in the trips don't help that cause. Only the most bottom-feeding toxic lenders would sign into such a deal. That makes an increase to the AS unlikely, unless Hanks feels there's no alternative than to let GSC/CDEL continue to milk the MMEX turnip

- the most likely outcome is a massive, crushing reverse split, creating hundreds of new bag-holders.

The only remaining question is the ratio, 1:100, 1:200, 1:1,000 or greater - Hanks needs to get the PPS above 0.20, so the minimum at the current average would be around a 1:200. It isn't a question of if, just when...