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Mmex Resources Corporation  (MMEX)
Other Ticker:  
 
    Sector  Services    Industry Movies and Entertainment
   Industry Movies and Entertainment
   Sector  Services
 
Price: $0.0001 $0.00 0.000%
Day's High: $0.0001 Week Perf: 0.00
Day's Low: $ 0.00 30 Day Perf: 0.00
Volume (M): 8,205 52 Wk High: $ 0.00
Volume (M$): $ 1 52 Wk Avg: $0.00
Open: $0.00 52 Wk Low: $0.00



 Market Capitalization (Millions $) 1
 Shares Outstanding (Millions) 8,264
 Employees 2
 Revenues (TTM) (Millions $) -
 Net Income (TTM) (Millions $) -5
 Cash Flow (TTM) (Millions $) 0
 Capital Exp. (TTM) (Millions $) 0

Mmex Resources Corporation

The Company was engaged in the exploration, extraction and distribution of coal from September 23, 2010 until April 12, 2016. As of April 12, 2016, the Company changed its business to the exploration, extraction, refining, distribution of oil, gas, petroleum products and electric power. Effective as of April 6, 2016, the Company changed its name from MMEX Mining Corporation to MMEX Resources Corporation to reflect the change in its business plan.

On October 7, 2014, Mr. William D. Gross, the holder of the MMEX Preferred Shares, accrued dividends on the Preferred Shares and certain MMEX convertible notes payable (the "Instruments"), entered into an assignment agreement to assign the Instruments to Maple Project Finance, LLC ("MPF"), and in turn, on October 9, 2014, MPF assigned the Instruments to Maple Structure Holdings, LLC ("MSH"). MPF and MSH are related parties owned by Jack W. Hanks, President and CEO of the Company. On May 15, 2015 MSH notified the Company that it would convert the Instruments into common shares at a conversion rate of US$0.01 per share, or otherwise foreclose on the Instruments. The Company agreed with MSH to convert the outstanding Instruments with a total book value of $3,360,685 to a total of 318,283,699 shares of the Company’s common stock under a settlement agreement dated as of May 18, 2015 at the rate of $0.01 per share, which resulted in a loss on extinguishment of debt of $1,413,571. On May 18, 2015, the MMEX Board of Director approved these transactions. On November 10, 2015, 123,283,700 shares of common stock were issued to MSH for conversion of the MMEX Preferred Shares and on May 2, 2016, 194,999,999 shares of common stock were issued to MSH for conversion of the convertible notes payable.



   Company Address: 3600 Dickinson Fort Stockton 79735 TX
   Company Phone Number: 880-0400   Stock Exchange / Ticker: MMEX
   


   

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Mmex Resources Corporation

MMEX Resources Corporation Faces Operating Shortfall in 3rd Quarter of 2024

The Movies and Entertainment industry has always been a volatile sector, with companies constantly trying to adapt to changing consumer preferences and technological advancements. As we head into the third quarter of 2024 earnings season, market observers are closely analyzing the financial performance of companies in this sector. One company that is currently under scrutiny is facing an operating shortfall of $-0.328926 million, a contraction from the previous year's figure. Despite this, there is still no indication of revenue being generated for the reporting period.
The CFO of the company is actively seeking out new business models to diversify revenue streams and potentially turn things around. The net loss for the company has also increased, indicating more challenges ahead in terms of profitability. It is crucial for the company to find ways to increase revenue and cut costs in order to sustain its operations in this competitive industry.

Mmex Resources Corporation

MMEX Resources Corporation Shows Promising Results in Q2 2024, Demonstrating Improvements in Efficiency and Reduction in Losses



The Movies and Entertainment sector eagerly awaits the financial results for the second quarter of 2024 from MMEX Resources Corporation. These results shed light on the company's operating shortfall, revenue figures, and overall performance. Compared to the same period in 2023, the company has showcased increased efficiency and a notable reduction in losses. This article aims to interpret these financial results and explore their potential implications for the company's future.
Operating Shortfall:
In the August to October 31, 2023 financial reporting period, MMEX Resources Corporation disclosed an operating shortfall of $-0.326757 million. Surprisingly, no revenue has been specified for this period. This deficit reflects the amount by which the company's operating expenses exceed its operating income. The current shortfall is lower than the corresponding period in 2023, where the figure stood at $-0.445126 million.

Mmex Resources Corporation

Movies and Entertainment Company Faces Worsening Operating Deficit; Concerns Mount Over Profitability

The Movies and Entertainment sector advisors are analyzing the first quarter results of 2024, which have revealed an operating deficit of $-0.333136 million for the respective May to July 31, 2023 quarter. This lack of profitability is a concern for the company, especially when compared to the operating deficit of $-0.817312 million in the first quarter of 2023. These figures are an important indication of the company's current situation.
As MMEX continues to develop its business model, it is crucial for them to compete effectively in order to succeed in the industry. The Chief Financial Officer (CFO) is implementing distinct business strategies to ensure a sustainable revenue stream for the company. This is necessary as the net loss experienced by the company throughout its development has increased from $-0.864 million to $-1.186 million in comparison to the same period last year.

Mmex Resources Corporation

Mmex Resources Corporation, an Ascendant Player in the Movies and Entertainment Sphere, Discloses Fiscal Fourth Quarter 2023 Earnings

Mmex Resources Corporation Faces Tough Financial Quarter But Shows Potential for Growth
The Movies and Entertainment sector has long been a bellwether for the overall financial health of the industry, with companies like Mmex Resources Corporation often providing insights into the market's performance. Recently, the corporation announced an operating deficit of $-0.307858 million for the fourth quarter of 2023, a significant improvement compared to the previous year's deficit of $-0.566356 million. While these numbers indicate progress, they also highlight the challenges that companies face in cultivating a successful business model.
The financial fourth quarter of 2023 was particularly challenging for Mmex Resources Corporation, with shortfalls amounting to $-2.834 million. The company realized a shortfall of $-4.51 million and achieved zero revenue for the entire financial year 2023. This is in stark contrast to the previous financial year when the company also delivered zero revenue. Clearly, the entity has struggled to find stability in its financial performance.






 




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