$MMEX 8-K Analysis. PLEASE READ Incoming merger
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Posted On: 03/10/2017 5:23:35 PM
$MMEX 8-K Analysis. PLEASE READ
Incoming merger values the assets alone if all shares were outstanding at $0.03-$0.05 a share..
WHEREAS, on the terms and conditions set forth herein, the Company desires to issue and assign to Purchaser a total of 7,000,000,000 shares in two tranches (the “Purchased Shares” or the “Shares”) to acquire the Project Intellectual Property Rights at a nominal valuation of US$ 344,459,120 constituting a share ownership interest in the Company to be determined by a valuation and fairness opinion issued by a third party independent consultant retained by the Company.
The valuation of the property rights are $345 million!!
Do the math: He took 7 billion shares for an asset valued at $345 million, or $0.05 a share!
Even if you took all the 10 billion shares and said they were outstanding you have just the assets valued at $0.035 a share!!!
$345 million/10 billion = $0.035.
THIS VALUATION OF THE PROPERTY ALONE IS WORTH $0.035 CENTS!
Also:
The Company as of this date has 906,923,522 issued and outstanding common shares, no preferred shares issued
With 907 million shares outstanding currently the assets alone should be valued at $0.38 a share!
Incoming merger values the assets alone if all shares were outstanding at $0.03-$0.05 a share..
WHEREAS, on the terms and conditions set forth herein, the Company desires to issue and assign to Purchaser a total of 7,000,000,000 shares in two tranches (the “Purchased Shares” or the “Shares”) to acquire the Project Intellectual Property Rights at a nominal valuation of US$ 344,459,120 constituting a share ownership interest in the Company to be determined by a valuation and fairness opinion issued by a third party independent consultant retained by the Company.
The valuation of the property rights are $345 million!!
Do the math: He took 7 billion shares for an asset valued at $345 million, or $0.05 a share!
Even if you took all the 10 billion shares and said they were outstanding you have just the assets valued at $0.035 a share!!!
$345 million/10 billion = $0.035.
THIS VALUATION OF THE PROPERTY ALONE IS WORTH $0.035 CENTS!
Also:
The Company as of this date has 906,923,522 issued and outstanding common shares, no preferred shares issued
With 907 million shares outstanding currently the assets alone should be valued at $0.38 a share!
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