MMEX-scam is an insolvent, super-dilutive OTC shel
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Posted On: 02/17/2019 11:16:43 AM
MMEX-scam is an insolvent, super-dilutive OTC shell company.
MMEX-scam’s intrinsic value is negative, as its liabilities, including cumulative losses and current liabilities, $40-million in total, exceed its assets, which are basically zero.
MMEX-scam has no business operations, no employees, no suppliers, no customers, no intellectual property, or proprietary technology, and no luminary technical or management team.
MMEX-scam’s 126-acre desert parcel, flagpole, and caliche road, some 21-miles distant from Fort Stockton have close to zero value, and in fact represent tax liability.
As scams go, MMEX-scam isn’t even a very good one.
MMEX-scam has failed over the course of more than two years to make any material progress.
MMEX-scam’s value as an “investment” has declined more than 90%.
These are all objective, factual claims, supported by MMEX-scam’s SEC filings, and other material on the public record.
MMEX-scam’s intrinsic value is negative, as its liabilities, including cumulative losses and current liabilities, $40-million in total, exceed its assets, which are basically zero.
MMEX-scam has no business operations, no employees, no suppliers, no customers, no intellectual property, or proprietary technology, and no luminary technical or management team.
MMEX-scam’s 126-acre desert parcel, flagpole, and caliche road, some 21-miles distant from Fort Stockton have close to zero value, and in fact represent tax liability.
As scams go, MMEX-scam isn’t even a very good one.
MMEX-scam has failed over the course of more than two years to make any material progress.
MMEX-scam’s value as an “investment” has declined more than 90%.
These are all objective, factual claims, supported by MMEX-scam’s SEC filings, and other material on the public record.
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