The recent MMEX-scam buy-on-rumor pump was at best a marginal success.
MMEX-scam fell to nearly 51% of the ex-split price at Friday’s close, the result of a heavily pumped sugar-high, followed by the inevitable collapse of the share price.
Recall that no news came from MMEX-scam directly, save for the immaterial, and unsupported claim that it joined TSPA. Otherwise, nothing came from the company to directly feed the pump.
Instead, Mad J.’s army of third-party promotors, and related predatory hangers-on, who participate in pumping MMEX-scam across investor forums and social media, came up with claims like:
- MMEX would be acquired
- MMEX was touring NASDAQ
- Incredible progress had been made at the MMEX site - “photos soon”
- Unrelated “sector news” conflated to represent accomplishments by MMEX
- Another attempt to use Rep. Hurd to carry water for MMEX-scam
- MMEX was partnering with ExxonMobil on the magical solar farm
- MMEX was being featured on Mad Money
- MMEX’s float was locked, big breakout imminent
- and so on…
All of this of course was total B.S. It was finally capped by incredibly bad news in Mad J.’s January 2019 shareholder letter; a combination of infantile responses to Mad J.’s private IR channel audience, wrapping up another delay in obtaining imaginary project financing.
Unfortunately for MMEX-scam retail “investors,” there are still at least 17-million shares left for Mad J.’s loan shark pals to dump, and Mad J.’s taken on a new round of toxic debt, to add insult to injury. But Mad J. thanks you all for lining his pockets - “SG&A expenses…”
MMEX-scam fell to nearly 51% of the ex-split price at Friday’s close, the result of a heavily pumped sugar-high, followed by the inevitable collapse of the share price.
Recall that no news came from MMEX-scam directly, save for the immaterial, and unsupported claim that it joined TSPA. Otherwise, nothing came from the company to directly feed the pump.
Instead, Mad J.’s army of third-party promotors, and related predatory hangers-on, who participate in pumping MMEX-scam across investor forums and social media, came up with claims like:
- MMEX would be acquired
- MMEX was touring NASDAQ
- Incredible progress had been made at the MMEX site - “photos soon”
- Unrelated “sector news” conflated to represent accomplishments by MMEX
- Another attempt to use Rep. Hurd to carry water for MMEX-scam
- MMEX was partnering with ExxonMobil on the magical solar farm
- MMEX was being featured on Mad Money
- MMEX’s float was locked, big breakout imminent
- and so on…
All of this of course was total B.S. It was finally capped by incredibly bad news in Mad J.’s January 2019 shareholder letter; a combination of infantile responses to Mad J.’s private IR channel audience, wrapping up another delay in obtaining imaginary project financing.
Unfortunately for MMEX-scam retail “investors,” there are still at least 17-million shares left for Mad J.’s loan shark pals to dump, and Mad J.’s taken on a new round of toxic debt, to add insult to injury. But Mad J. thanks you all for lining his pockets - “SG&A expenses…”
