MMEX's pump was short-lived.
OTC scams like MMEX all use similar buy-on-rumor pumps, preying on FOMO from a certain class of OTC "investor," and using promotors and flippers to help propel the pump.
Absent material, positive forward progress from MMEX, as was predictable, and predicted (yesterday, in fact), the pump ran out of hot air.
Super-dilutive, insolvent OTC shell companies like MMEX, with no business operations, no employees, no assets, sitting on nearly $40-million in cumulative losses and current liabilities don't have access to legitimate capital markets. MMEX will not build anything, other than increasing shareholder losses. MMEX never intended, nor do they intend to build a refinery - MMEX exists solely to sell shares, and line Mad J., and his toxic lending pals pockets.
OTC scams like MMEX all use similar buy-on-rumor pumps, preying on FOMO from a certain class of OTC "investor," and using promotors and flippers to help propel the pump.
Absent material, positive forward progress from MMEX, as was predictable, and predicted (yesterday, in fact), the pump ran out of hot air.
Super-dilutive, insolvent OTC shell companies like MMEX, with no business operations, no employees, no assets, sitting on nearly $40-million in cumulative losses and current liabilities don't have access to legitimate capital markets. MMEX will not build anything, other than increasing shareholder losses. MMEX never intended, nor do they intend to build a refinery - MMEX exists solely to sell shares, and line Mad J., and his toxic lending pals pockets.
Quote:MMEX up 10% in the first minute. Looking good!