MMEX down again, on a dumping day, where dumping l
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Posted On: 11/14/2018 4:57:17 PM
MMEX down again, on a dumping day, where dumping led 3.8:1, with about 4-million shares dumped in, a little less than half the volume…
MMEX has succeeded in trading below a penny for 230 consecutive trading days - the only way out for MMEX is the reverse split, and demented ‘ol Mad J. forgot he was supposed to try a pump before that… it isn’t far from 0.14 back to 0.0014, so another couple a hundred days at most before it’ll be time to do another reverse split. By that time Mad J. will possibly have extracted one or two more toxic loans, extended the imaginary “term sheet” once or twice more, come up with a new business model, like cannabis powered unobtanium refining, using crypto technology, or some such, but there still won’t be any project financing, or a refinery.
At today’s close, MMEX has lost 97.5% of its value since the “historic” high associated with the first pump.
Here, we memorialize this bowl-floater pre-reverse split:
MMEX has succeeded in trading below a penny for 230 consecutive trading days - the only way out for MMEX is the reverse split, and demented ‘ol Mad J. forgot he was supposed to try a pump before that… it isn’t far from 0.14 back to 0.0014, so another couple a hundred days at most before it’ll be time to do another reverse split. By that time Mad J. will possibly have extracted one or two more toxic loans, extended the imaginary “term sheet” once or twice more, come up with a new business model, like cannabis powered unobtanium refining, using crypto technology, or some such, but there still won’t be any project financing, or a refinery.
At today’s close, MMEX has lost 97.5% of its value since the “historic” high associated with the first pump.
Here, we memorialize this bowl-floater pre-reverse split:
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