other material
confidence high
sentiment negative
materiality 0.80
MMEX Resources issues 3.2B shares to consultants for $205K fee conversion; dilutive financing
MMEX Resources Corp
- Issued 16,388,715 shares for past due obligations to related-party consultants.
- Consultants converted $205,000 of $293,459 accrued fees into 3,213,169,969 shares at 110% of debt conversion rate.
- Terminated Series E warrants; issued Series F warrants for 50M shares each to three parties.
- All shares issued unregistered under Section 4(a)(2) and Regulation D.