As is the usual case, the MMEX STRONG fell for it,
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Posted On: 10/22/2018 9:10:36 PM
As is the usual case, the MMEX STRONG fell for it, and have the proverbial cart well before the horse.
In case no one noticed, MMEX still has failed to close on any project financing.
There seems to be another conspicuous absence; an 8-K defining the MMEX-BI “inked” deal as material.
Is the “inked” deal an “agreement,” like the prior failed/immaterial “agreements” with VFuels, KPE, and Interstate/RAMA? Is the “inked” deal a contract, and if so, what are the terms? If there is no corresponding 8-K, disclosing a material, definitive event, the “inked” deal is of no consequence.
MMEX only has about $550K or so in cash - that is not enough to finance any real work on an EPC contract - for the MMEX STRONG who lack sector knowledge, ‘E’ is engineering, ‘P’ is procurement (including materials, components, and fabricated things, like pipe spools, etc.), and ‘C’ is construction, i.e real site prep, grade work, foundations, erecting steel, etc. EPC costs money, even for a tea-pot rudimentary topping unit like what Mad J. has proposed. MMEX doesn’t have real money.
Has anyone looked into BI’s track record, and delivery history of similar projects in the region?
As usual, Mad J.’s pre-split pump worked (but only marginally, as going back to 0.002 from 0.0013 is hardly an accomplishment), and the MMEX STRONG, got sucked into the “buy high” part of the traditional MMEX “buy high, sell low, average down” pattern.
This was predictable, and predicted. What a laugh riot!
In case no one noticed, MMEX still has failed to close on any project financing.
There seems to be another conspicuous absence; an 8-K defining the MMEX-BI “inked” deal as material.
Is the “inked” deal an “agreement,” like the prior failed/immaterial “agreements” with VFuels, KPE, and Interstate/RAMA? Is the “inked” deal a contract, and if so, what are the terms? If there is no corresponding 8-K, disclosing a material, definitive event, the “inked” deal is of no consequence.
MMEX only has about $550K or so in cash - that is not enough to finance any real work on an EPC contract - for the MMEX STRONG who lack sector knowledge, ‘E’ is engineering, ‘P’ is procurement (including materials, components, and fabricated things, like pipe spools, etc.), and ‘C’ is construction, i.e real site prep, grade work, foundations, erecting steel, etc. EPC costs money, even for a tea-pot rudimentary topping unit like what Mad J. has proposed. MMEX doesn’t have real money.
Has anyone looked into BI’s track record, and delivery history of similar projects in the region?
As usual, Mad J.’s pre-split pump worked (but only marginally, as going back to 0.002 from 0.0013 is hardly an accomplishment), and the MMEX STRONG, got sucked into the “buy high” part of the traditional MMEX “buy high, sell low, average down” pattern.
This was predictable, and predicted. What a laugh riot!
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(1)MMEX Resources Corporation (MMEX) Stock Research Links
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