The continued, and continuous failure of MMEX is i
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Posted On: 12/29/2018 8:19:12 PM
The continued, and continuous failure of MMEX is inevitable.
MMEX is an OTC share-selling scheme, based on floor-less, convertible toxic debt.
Over more than a year, since April 2017, MMEX has completely failed to accomplish any material event. MMEX has missed every single milestone defined in its S-1A.
MMEX has failed five times, to deliver on the commitment of closing the necessary project financing - first $49-million, then $70-million, then $88-million.
Mad J., MMEX’s illustrious “CEO” has siphoned off more than $2-million in the form of “SG&A” and related-party transaction expense to his private, offshore shell, Maple - from a company, MMEX, which has no business operations, no employees, and nothing of value.
MMEX is a super-dilutive OTC shell corporation, sitting atop nearly $40-million in cumulative losses and current liabilities. The company executed a 1-for-100 reverse split, washing out all retail investors, then fell in price, as was predicted, and predictable, to pre-split equivalent of trips. On the most recent trading day, MMEX’s dollarized trading volume was only about $12K - in total!
MMEX - just another mediocre OTC share-selling scam.
MMEX is an OTC share-selling scheme, based on floor-less, convertible toxic debt.
Over more than a year, since April 2017, MMEX has completely failed to accomplish any material event. MMEX has missed every single milestone defined in its S-1A.
MMEX has failed five times, to deliver on the commitment of closing the necessary project financing - first $49-million, then $70-million, then $88-million.
Mad J., MMEX’s illustrious “CEO” has siphoned off more than $2-million in the form of “SG&A” and related-party transaction expense to his private, offshore shell, Maple - from a company, MMEX, which has no business operations, no employees, and nothing of value.
MMEX is a super-dilutive OTC shell corporation, sitting atop nearly $40-million in cumulative losses and current liabilities. The company executed a 1-for-100 reverse split, washing out all retail investors, then fell in price, as was predicted, and predictable, to pre-split equivalent of trips. On the most recent trading day, MMEX’s dollarized trading volume was only about $12K - in total!
MMEX - just another mediocre OTC share-selling scam.
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