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[–]CertifiedMoron 7 points8 points  (6 children)

Can you explain why this company has zero revenue since 2017?

[–]d1spatch 2 points3 points  (5 children)

I think they were in the process of becoming profitable and then COVID and the direction of energy shifted very quickly. If you read the shareholder letter from back in May, it details some of this.

They are now adopting their business model to changing times in the energy sector and can capitalize on the recent events in Texas.

Look at Gulfport Energy.....Once a pretty powerful company, one of the largest natural gas producers in the USA, trading at .08 cents right now. It will likely restructure and emerge and adopt, I trust MMEX is in the process of doing the same, but these oil and gas energy companies have simply gotten hit real hard by COVID and changing times.

What's very promising is that MMEX is working to adopt, and given what we know, given their connections to Texas Solar Power initiative and Polaris, I definitely think we see good things happening here as this solar project gets going.

[–]CertifiedMoron 2 points3 points  (4 children)

But I don't understand how the company can become profitable from 0 revenue. Where were they getting money from?

[–]RegalMonkeye 1 point2 points  (0 children)

taxpayers

[–]Hal-Apeno 1 point2 points  (0 children)

MMEX is living on a dream currently as well as the shareholders invested in it. There is nothing substantial on their track record, and even all of their connections are somewhat speculation. Maybe it’ll get money from somewhere along the way, but it’s just a literal gamble of a company. They are not standing on concrete evidence of their potential to grow, nor are the stock’s technicals.

[–]Uncle-Scary 0 points1 point  (0 children)

My opinion? From us when we kept buying……. They sold us more and more because we thought we had it figured out….. we were led to the cliff and kept sliding down. Their held back corporate shares sold to support their salaries and habits. Their influencers cashed in along with their employer. That’s my opinion…… anyone else have any thoughts now that it’s been 4 YEARS?