(Total Views: 1410)
Posted On: 02/14/2019 12:17:13 PM
Post# of 4466
The MMEX-scam Feb. 2019 “investor presentation” is out, in lieu of a shart-holder letter…
MMEX-scam “investors” should take ol Mad Jacki-boi to court for fraud.
The pitch is filled with misrepresentations, outright lies, and fantasy.
Note that the cost has now gone from the last estimate of $88-million to $93-million! Who on Earth would provide nearly $100-million to an insolvent, super-dilutive OTC shell company, with no business operations, no assets, no employees, and cumulative losses and liabilities of $40-million?
The fantasy Phase I rudimentary topping unit could not produce any product known as “diesel,” and the false claim of IMO 2020 grade bunker is impossible to meet without de-sulphuring capability for ATB.
The claimed air quality permit issued in 2017 is valid only for what MMEX-scam applied for; the “forgotten” desalter, pre-flash and other critical components are not part of that permit.
The presentation itself is filled with inconsistencies - Mad J., clearly suffering age-related dementia can’t even keep his lies straight; page 6 indicates the PT “deal” is a 5-year thing, while page 7 says it is a 4-year thing.
What a hoax!
MMEX-scam “investors” should take ol Mad Jacki-boi to court for fraud.
The pitch is filled with misrepresentations, outright lies, and fantasy.
Note that the cost has now gone from the last estimate of $88-million to $93-million! Who on Earth would provide nearly $100-million to an insolvent, super-dilutive OTC shell company, with no business operations, no assets, no employees, and cumulative losses and liabilities of $40-million?
The fantasy Phase I rudimentary topping unit could not produce any product known as “diesel,” and the false claim of IMO 2020 grade bunker is impossible to meet without de-sulphuring capability for ATB.
The claimed air quality permit issued in 2017 is valid only for what MMEX-scam applied for; the “forgotten” desalter, pre-flash and other critical components are not part of that permit.
The presentation itself is filled with inconsistencies - Mad J., clearly suffering age-related dementia can’t even keep his lies straight; page 6 indicates the PT “deal” is a 5-year thing, while page 7 says it is a 4-year thing.
What a hoax!
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