Diesel, So far as I know, it doesn't effect the a
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Posted On: 02/27/2018 10:11:33 AM
Re: DieselBuzz #2009
Diesel, So far as I know, it doesn't effect the authorized shares, just the ones that are currently issued. I have also seen people posting saying that it is only effective on Class A shares, and not the Class B "voting power" shares, but that I don't know for certain.
As to why he would float the idea of an RS? My take is that Hanks seems to simply say it like it is when it comes to filings. He has never seemed to time his 8Ks or anything for effect. I recall in one of Sergio Chapa's Biz Journal interviews that Hanks talked about the fact that he prefers to remain a private entity, because he doesn't care for the filings and paperwork that goes into the public companies. He is just using a public company because he needs the funding/financing options. I think that spells out what his perspective is: MMEX is a tool, not really an exercise in shareholder relations.
I don't see how it ends well for MMEX if they RS. Unless of course they intend to RS and then announce big news... However if there is big news to deliver, then why make ill will if its not necessary. The other option is that they simply are not able to announce news for some reason (like its not ready) and this RS is gonna happen because the timing doesn't allow them to rescue the pps any other way.
Its really in Hanks hands to sink or swim this right now. Even if news is delayed, he can probably disclose something, even just a list on what is vaguely happening and what the delays are. If this is legit, there has to be some concern for the pps. To the extent that a better pps is needed for his purposes (IE the crown bridge deal) Hanks and shareholders have matching goals. How he chooses to achieve them is what the big question is (RS or news). To me I imagine that good will on the part of shareholders has some weight and is desirable, because he will still have to maintain that good standing to hold the price up after the RS and if everyone is selling or pissed, he is taking two steps forward and one step back.
As to why he would float the idea of an RS? My take is that Hanks seems to simply say it like it is when it comes to filings. He has never seemed to time his 8Ks or anything for effect. I recall in one of Sergio Chapa's Biz Journal interviews that Hanks talked about the fact that he prefers to remain a private entity, because he doesn't care for the filings and paperwork that goes into the public companies. He is just using a public company because he needs the funding/financing options. I think that spells out what his perspective is: MMEX is a tool, not really an exercise in shareholder relations.
I don't see how it ends well for MMEX if they RS. Unless of course they intend to RS and then announce big news... However if there is big news to deliver, then why make ill will if its not necessary. The other option is that they simply are not able to announce news for some reason (like its not ready) and this RS is gonna happen because the timing doesn't allow them to rescue the pps any other way.
Its really in Hanks hands to sink or swim this right now. Even if news is delayed, he can probably disclose something, even just a list on what is vaguely happening and what the delays are. If this is legit, there has to be some concern for the pps. To the extent that a better pps is needed for his purposes (IE the crown bridge deal) Hanks and shareholders have matching goals. How he chooses to achieve them is what the big question is (RS or news). To me I imagine that good will on the part of shareholders has some weight and is desirable, because he will still have to maintain that good standing to hold the price up after the RS and if everyone is selling or pissed, he is taking two steps forward and one step back.
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