BI is MMEX's fourth EPC contractor: - Vfuels
Post# of 4466
(Total Views: 202)
Posted On: 12/04/2018 12:46:26 PM
Re: DieselBuzz #4086
BI is MMEX's fourth EPC contractor:
- Vfuels
- KPE
- Interstate/RAMA
- BI
This is all documented.
The TCEQ Type O AQP was issued for a unit missing several critical components, including a desalted and pre-flash column, etc. It can't be amended, and would bust the PBR limits, requiring MMEX to go full NSR.
The reverse split was botched - it took 60+ days to execute, and missed the claimed target date, which further depressed MMEX's share price during the period of uncertainty. It won't be long before the next reverse split, at the current PPS rate of decline.
On a nominal basis, MMEX diluted its shareholders by 120% over the fiscal reporting period.
- Vfuels
- KPE
- Interstate/RAMA
- BI
This is all documented.
The TCEQ Type O AQP was issued for a unit missing several critical components, including a desalted and pre-flash column, etc. It can't be amended, and would bust the PBR limits, requiring MMEX to go full NSR.
The reverse split was botched - it took 60+ days to execute, and missed the claimed target date, which further depressed MMEX's share price during the period of uncertainty. It won't be long before the next reverse split, at the current PPS rate of decline.
On a nominal basis, MMEX diluted its shareholders by 120% over the fiscal reporting period.
Quote:
2nd EPC contractor. 1st one did not live up to Jack's standards. Not to mention there is a man power shortage in the Permian Basin. It may take longer. so what
TCEQ Permit was already issued and valid.
Reverse split was completed as planned. So it will be awhile before or even if there is another.
What dilution?
Who do you work for? What is your purpose?
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