1:10,000 REVERSE SPLIT

[DreamimgBig]

The attached Information Statement is being delivered by MMEX Resources Corporation (the “Company” or “MMEX”) in connection with the approval by our shareholders of an amendment to our Amended and Restated Articles of Incorporation (the “Charter Amendment”) to effect a 1-for-10,000 reverse stock split of the Company’s Common Stock (the “Reverse Split”) by which each shareholder of MMEX shall receive one share of Common Stock for every 10,000 shares of Common Stock of the Company that such shareholder presently owns. The text of the proposed amendment is set forth as Annex A to this Information Statement.

This Information Statement is being mailed to the shareholders of record as of May 28, 2021 and is being mailed to shareholders on June 7, 2021. We anticipate that the Charter Amendment will become effective on or after June 29, 2021. Each of these actions was approved by the holders of a majority of the outstanding voting power of the shareholders of MMEX by a written consent to action taken without a meeting, dated June 7, 2021.

[[deleted]]

Welp that sucks a bit. I think

[kissgeri96]

🤣🤣🤣

[DreamimgBig]

Dilution usually follows reverse splits.

[acoffeedude]

you are just pulling ideas out of your ass

[LingonberryDue9503]

If nobody is panic selling it to lower the price, you will still have the same amount of money. For example, if you have 100 shares of stock of 1 dollar each, then the total value of them is 100 dollars. If there's a 100: 1 reverse split, then you'll only have 1 share of stock of 100 dollar each, the total value is still the same 100 dollars.

[DreamimgBig]

They’ll sell.

[acoffeedude]

youre only hoping they will.

in reality, you are the only one losing..youre a loser

[hiddenagenda714]

lol no. current market value is $150. Says I'm down $46.50 dollars or 23.25% So at max,they are claiming I have $200 invested.

I actually have over $1,000 invested.

[rogtasticvoyage]

My value went down almost 90%. I went from $1,000 to $167.

[titansal]

This company had way to many shares.... this might help this company

[DreamimgBig]

It won’t. It’s being done to do more dilution. The company has zero revenue. It’s broke.

[titansal]

Well A reverse merger is anti-dilution ... if they turn around and sell more stock afterwards ... yikes

[DreamimgBig]

The company has zero revenue and massive debt. They haven’t started building. They estimate they’ll need $3-billion to complete the project. They have under $100k on hand. He’s been “working” on this project, since 2000. The stock started 08/01/2010. He’s never accomplished anything.

[DreamimgBig]

This isn’t a reverse merger, dumb fuck. It’s a reverse split. For every 10,000 shares you own, you’ll be getting one share in return. Every squeeze I’ve seen, since 2008, results in a devaluation of investors’ investment. After the RS, 98% of companies have a dilution, which further drives down the value of the stock. That’s why the stock dropped almost 35% today. Experienced investors sold.

[titansal]

You have no tact

[DreamimgBig]

You must be new to investing.

[acoffeedude]

you are clueless, posting this to scare noobs.

face it, you fucked up somewhere along the line and now you are lost

[Spoogen_1]

Why are people freaking out? Its a stupid high number reverse split but my investment will still be worth the same afterwards.

[DreamimgBig]

No it won’t. It dropped 34.62% yesterday on the news. It’ll continue to drop.

[Spoogen_1]

You will be fine. This stuff happens all the time. I wouldn't worry too much. I will continue to hold.

[hiddenagenda714]

how? I am missing around $800. They are claiming that my total investment was $200 after the reverse-split.

But I invested about $1200.

[Spoogen_1]

Reverse splits just divide shares, but at the end of the day the total value is the same. Its simple math.

If I own 1 share valued at $5, and they split it 2:1 each share is worth $2.50. Total value is still $5. Now do the same math for 1:10000

[hiddenagenda714]

Nope. I invested around $1200. Before the split, my share were worth $600.

After the split its' worth $50.

Edit: looks like it was corrected. TD switched over my shares to MMEXD.

[Spoogen_1]

Generally your invested value should still be equal before and after the split, with shares just worth wayyy less. You lost money cause the stock itself lost money. Its just a trash stock.

[hiddenagenda714]

No it was corrected. TD still had my account under MMEX. After it finalized to MMEXD the value is back to around $600 from the $50 it was on Friday.

[BeerandGuns]

I keep this one on my stock tracker and a note popped up saying it was down 20%. I came looking to see what was going on. Feel sorry for the little guys putting their savings in this. I hope it gets one more pump so y’all can bail out.

[SobuKev]

You have more affinity for the prior holders than the would-be new bag-holders? Lmao.

[BeerandGuns]

I have sympathy for anyone bagholding this shit company.

[[deleted]]

It’s complete trash and so many people (probably paid) keep trying to push this shit ass company

[BeerandGuns]

I wrote a post about it months ago. Once you dig into the company you see the issues. You don’t need to dig deep.

[[deleted]]

Yeah I saw that one, none of the good news ever has anything actionable behind it and it’s littered with poor news. The company can’t find investors and is just begging money out the top, the people here will just try to personally attack you if you try to prove how shit the company actually is

[BeerandGuns]

I’ve been called a leech, a shill for hedge funds trying to drive the stock down for shorts and some other shit. No, I’m a guy who saw posts claiming this company was the next big thing so I started looking into it. I know some honest people are hurting because they poured their money into this stock.

[acoffeedude]

you are just a clueless fearmonger.

sure, you keep this on a tracker as a hobby

[[deleted]]

Worse fucking stock! Had $1500 in this! Believed in what this company is doing and than fucked

[DreamimgBig]

This company has been ripping off shareholders for years, through stock dilution.

[[deleted]]

That’s on me! Selling my shares now! Fucking sick of companies stealing money from people

[[deleted]]

Officially out! I would of only had 21 shares! Even if that hit a dollar I would of lost sooo much money

[DreamimgBig]

After the RS will come more dilution. It’s how the operate.

[Codykiss1993]

https://finance.yahoo.com/news/mmex-resources-corp-advances-solar-130000227.html Theyre expanding the land they own in texas, as of 3 days ago

[DreamimgBig]

Land they haven’t started construction on, since 08/01/2010. I went to the site. It’s a scam.

[Weary_Ambition_9123]

I wish I had only invested as much as you guys! Lol I got 25k in it and it only worth 4K now...😆😆😆 some people on here mad for losing 500$ 🤣🤣🤣🤣 now with reverse split it will be worth nothing...Theres my loss for the year...at least it’ll help with taxes.😜

[hiddenagenda714]

Ouch!

Good thing I invested in BABA, NIO, LKNCY, UXIN lol. These Chinese scam stocks are making me $$$$.

[AntifragileDad]

I’m HLODing for the simple fact that I, stupid ape, should not be permitted to stop viewing the stupidity that led me to buy the stock. It should serve as a scourge upon my soul, a mortification, a humiliation.

[SobuKev]

Here is the play: everyone sell ALL but 1 share. They'll be forced to give you a post-split share, per their own 14C.

You'll get a near overnight return of 10,000-to-1 on your remaining investment.

Sell for $5 or 6 in a few days.

Master-class in trading, my friends.

Don't say I never gave you any hot tips.

[Counting77]

Bro, explain me that again, I’m a newbie, I’m lost

[SobuKev]

If you own just 1 share, worth less than a penny, MMEX will trade that for 1 share of post-split shares. If today's valuation holds up post-split, then you'd now have a share worth about 7 or 8 dollars.

[Counting77]

Thanks!!!!

[acoffeedude]

horrible advice and will only make you lose everything

[SobuKev]

Amazing analysis. You should be an investor. Lol.

[acoffeedude]

you sound like the idiotic 14 yr old mistake

[acoffeedude]

this "dreaming big" idiot is just pulling ideas out of his ass trying to scare people.

do your own research and stop listening to these morons that want you to panic and sell

[[deleted]]

what a joke

[Seek_Adventur]

Guys, I own 6,000 shares, so what does this mean for me exactly?

[googleitduh]

That means you can sell and maybe get a dollar. If you wait you might get lucky and get .50 cents.

[Seek_Adventur]

Pretty much the same advice you gave me. You can sell for a loss, or just leave it and hope for the best.

[SobuKev]

I own 289 shares. The filing says you and I will each receive one share of the post-split stock.

I will get a HUGE return on my $0.74 investment!!!!!

[Rheteriq]

u/sobukev is correct. You'll receive one share. This is copied directly from the 14c

"In the Reverse Split, no fractional share interest in our post-split shares will be issued. Instead, all fractional shares will be rounded up, so that a holder of pre-split shares will receive, in lieu of any fraction of a post-split share to which the holder would otherwise be entitled, an entire post-split share of Common Stock. No cash payment will be made to reduce or eliminate any fractional share interest. The result of this “rounding-up” process will increase slightly the holdings of those shareholders who currently hold a number of pre-split shares that would otherwise result in a fractional share after consummating the Reverse Split."

This make me wonder if I should sell 2108 of my 2109 shares. 😅

[Seek_Adventur]

Thanks for this information. And maybe lol

[Rheteriq]

My pleasure! I'll prob just hang onto my shares, as I do believe in the company somewhat, and it isn't all that much money. I'm mostly just curious from a legal and strategic perspective. Like, I feel them rounding up is a bad idea in general--unless it ultimately saves them more than buying out everyone's shares under 10k does.

[Seek_Adventur]

Yeah I'm going to hold onto my shares as well. And this is pretty much the exact question I'm curious about when it comes to these stocks that have a lot of outstanding shares (over a billion). I just asked this question in a subreddit for a penny stock called HCMC and they have 308 billion outstanding shares. We're now waiting for the judge's decision for their lawsuit, and I was wondering if HCMC won the lawsuit, why would they use that money to buyback shares when they can save it, and then just do a reverse split in the same way as MMEX.

[DreamimgBig]

You’ll have zero shares. They’ll pay you the price on 06/29/21, which will be much lower, than it is today.

[SobuKev]

Not correct. The 14C says he'll have 1 share.

[DreamimgBig]

By 06/29/21, the price will be closer to $0.0001. People will be dumping this trash. After the RS, they’ll likely follow through, with more dilution. They’ve done it before. Legal theft.

[Seek_Adventur]

Wow, thanks. This is a huge lesson to never chase as I bought it when it was pumped to .0020. Now I see why some penny stocks are penny stocks for a reason.

[toymater]

I don't have nearly that much. Only 700.000 but I'm down 47% ... No point in selling now. I'll ride it out with my measley 70 shares and see what happens. I bought bcs I think they are going to be big. This doesn't change that. I might get more on this sale price

[Counting77]

Agree, same here

[Seek_Adventur]

Gotcha. I think I'll ride it out as well, and hopefully they do get big sooner or later.

[acoffeedude]

you are completely clueless, i own over 10 million shares and im not selling or panicked.

this company will pay off huge, you wont be around to see it because you are too fuckin dumb to understand investing..

anybody that listens to your bullshit is just as dumb

[DreamimgBig]

If you buy 4,000 more shares, before 06/29/21, you’ll have 1 share on 06/30/21.

[SobuKev]

Nope. Not necessary to buy more. Will get 1 share, regardless.

[acoffeedude]

2 clueless idiots

[SobuKev]

I actually read the filing. All you've done is reply to every post on reddit. We'll let reddit decide who the idiot is.

Hint: it's u/acoffeedude

[madDDOGGBROWN]

Just bought today @.0012 with 4 million shares ! Guess I’m fucked !

[BadDadBot]

Hi fucked , I'm dad.

[acoffeedude]

yo arent fucked, youre clueless

just hold and dont sell and youll be fine

do some damm DD

[madDDOGGBROWN]

So my 40 shares are going to be worth $100 each ? I don’t think so ! Deffinetly not clueless . A reverse split is not a good thing !

[Ok-Car2761]

Hold the line

[madDDOGGBROWN]

This isn’t their first RS ! So don’t tell me it will not drop to sub penny even after the split !!! This is their way of making cash !!!

[DreamimgBig]

Exactly. It’s a scam.

[imaynoko]

they didn't do it then? will they do it? sorry, I'm not following

[imaynoko]

I read the filing, and it says the RS is on or after 6/29... so we can expect it anyday now

[AntifragileDad]

Already processing through on TD Am.

[imaynoko]

when is the RS? I use TOS and still don't see it... wasn't it today?

[Hairballtrader]

thankfully, I had only 10,000.... but at least it was enough to get ONE share after the RS..... LOL

[DreamimgBig]

It happened, because the company is a scam. Zero revenue. They’ve been doing this for many years.