(Total Views: 244)
Posted On: 11/22/2018 4:59:19 PM
Post# of 4466
The only idiotic posts come from the MMEX STRONG, who lack sector, market, and finance knowledge.
The desperation runs deep with the MMEX STRONG crowd, after five failed attempts at closing project financing, a reverse split that washed out the MMEX STRONG, and a declining share price ex-split, there isn’t much hope.
As was the case last year, after the initial MMEX groundbreaking charade, I pointed out that few deals close in the period from the Thanksgiving through New Years holidays - dealmakers enjoy the holidays, so MMEX has virtually no hope of any positive activity as the calendar year comes to an end.
There is no need for a stranded, isolated inland PADD III refinery, with no access to crude transmission, or refined products pipelines - especially a small-scale, incomplete “refinery” - neither Phase I, or Phase II could ever produce a single barrel of directly marketable product for the U.S., and the scale is insufficient to be relevant in the Permian. But none of that really matters, because MMEX is solely a share-selling scheme, based on toxic debt.
The desperation runs deep with the MMEX STRONG crowd, after five failed attempts at closing project financing, a reverse split that washed out the MMEX STRONG, and a declining share price ex-split, there isn’t much hope.
As was the case last year, after the initial MMEX groundbreaking charade, I pointed out that few deals close in the period from the Thanksgiving through New Years holidays - dealmakers enjoy the holidays, so MMEX has virtually no hope of any positive activity as the calendar year comes to an end.
There is no need for a stranded, isolated inland PADD III refinery, with no access to crude transmission, or refined products pipelines - especially a small-scale, incomplete “refinery” - neither Phase I, or Phase II could ever produce a single barrel of directly marketable product for the U.S., and the scale is insufficient to be relevant in the Permian. But none of that really matters, because MMEX is solely a share-selling scheme, based on toxic debt.
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