(Total Views: 1326)
Posted On: 02/25/2019 10:03:58 AM
Post# of 4466
Re: DieselBuzz #4426
“Great investments” don’t suffer >90% losses.
The unsupported, and unsupportable claim, “MMEX is a winner” has no substance.
MMEX is an insolvent, super-dilutive OTC shell company, with no business operations, no employees, no assets, no suppliers, no customers, no intellectual property or proprietary technology, no luminary management or technical team - it sits atop $40-million in cumulative losses and current liabilities.
MMEX’s sole income stream, totaling $4.8-million has been from the proceeds of floor-less, convertible toxic debt.
MMEX has failed at least five times, over more than 2-years, to obtain project financing.
MMEX’s SG&A, and related-party expenses exceed $4-million, for a company with no employees, and no business operations.
The business fundamentals, documented in MMEX’s SEC filings, as consolidated financial statements are a train wreck - an investor horror novel.
On the basis of fact, MMEX seems like a really terrible “investment."
The unsupported, and unsupportable claim, “MMEX is a winner” has no substance.
MMEX is an insolvent, super-dilutive OTC shell company, with no business operations, no employees, no assets, no suppliers, no customers, no intellectual property or proprietary technology, no luminary management or technical team - it sits atop $40-million in cumulative losses and current liabilities.
MMEX’s sole income stream, totaling $4.8-million has been from the proceeds of floor-less, convertible toxic debt.
MMEX has failed at least five times, over more than 2-years, to obtain project financing.
MMEX’s SG&A, and related-party expenses exceed $4-million, for a company with no employees, and no business operations.
The business fundamentals, documented in MMEX’s SEC filings, as consolidated financial statements are a train wreck - an investor horror novel.
On the basis of fact, MMEX seems like a really terrible “investment."
Quote:
Funny as in it's a great investment with lots going for it. Much more than you seem to have been able to come up with. do I sense jealousy?
MMEX IS A WINNER!
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