Most MMEX "investors" don't seem to have much unde
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Posted On: 12/04/2018 3:34:36 PM
Re: DieselBuzz #4097
Most MMEX "investors" don't seem to have much understanding of finance.
Prior to the reverse split, MMEX had issued more than 3-billion shares of Class A common stock - most of that came from toxic, floor-less convertible debt, in which the toxic lenders generated shares out of thin air, diluting retail "investors" who paid market price. This dilution forced the reverse split - in order to artificially buoy price, and volume, MMEX executed the reverse split to reduce the outstanding, issued shares. Unfortunately for MMEX, and MMEX retail "investors," that failed - the price has fallen nominally 35% since the R/S, and the volume has cratered - this is the case for greater than 90% of the sub-penny OTC scams that execute similar tactics.
In most cases, there is a single EPC on a large industrial infrastructure project - that EPC coordinates sub-contract activity ranging from site prep to turn-over. But like all things MMEX, the execution history with EPC contractors, and any sort of coherent strategy is just more evidence of failure and incompetence. Also, EPC firms like to be paid real money, not magic beans or warrants on worthless MMEX shares... MMEX has no real money - its sole income has been the proceeds from toxic debt.
As has been explained multiple times, the R/S was botched on many fronts, from the filing of error-filled paperwork, to the long gap between announcement and execution, which completely stagnated MMEX stock. Those are facts, not speculation.
Prior to the reverse split, MMEX had issued more than 3-billion shares of Class A common stock - most of that came from toxic, floor-less convertible debt, in which the toxic lenders generated shares out of thin air, diluting retail "investors" who paid market price. This dilution forced the reverse split - in order to artificially buoy price, and volume, MMEX executed the reverse split to reduce the outstanding, issued shares. Unfortunately for MMEX, and MMEX retail "investors," that failed - the price has fallen nominally 35% since the R/S, and the volume has cratered - this is the case for greater than 90% of the sub-penny OTC scams that execute similar tactics.
In most cases, there is a single EPC on a large industrial infrastructure project - that EPC coordinates sub-contract activity ranging from site prep to turn-over. But like all things MMEX, the execution history with EPC contractors, and any sort of coherent strategy is just more evidence of failure and incompetence. Also, EPC firms like to be paid real money, not magic beans or warrants on worthless MMEX shares... MMEX has no real money - its sole income has been the proceeds from toxic debt.
As has been explained multiple times, the R/S was botched on many fronts, from the filing of error-filled paperwork, to the long gap between announcement and execution, which completely stagnated MMEX stock. Those are facts, not speculation.
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