Minerco Inc (MINE)

[KULiquidGold]

I have some perspective and information I want to share, but I need confirmation on the Class B's share count conversion to Commons first.

I could not find anything before the 1/8/2015 8-k that made any mention to Class B's converting 1 share into 1,000 Commons until they were converted to Class C's. That said, many of the references only mentioned a conversion to commons as if it were 1 for 1. I also didn't see anything in the 1/8/2015 announcement that specifically mentions the Class C's converting 1,000 for 1 Commons. That didn't seem to appear to surface until the subsequent Q's.

So here is the bottom line, VANIS had 500,000 class B’s before 1/8/2015 that were converted to C's. I didn't see any evidence (not that it doesn't exist) of the Class B's being convertible to Commons at any number other than 1 for 1 until that announcement.

Further, I did not see anything in the 12-22-2014 ‘Q’ about the Class B’s converting 1 share into 1,000. Conversely, in the latest ‘Q’ I do see the reference of the conversion of the Class C’s of 1 share into 1,000 Commons. So why wouldn't the 12-22-2014 mention class B's converting 1 share of commons into 1,000 if that existed before!

Question to all. Can anyone produce any DD that shows the Class B's converted anything more than 1 for 1 share into Commons prior to the 1/8/2015 8-K? The first time I've seen it is in the same 1/8/2015 8-K which appears to have surfaced at the same time as the conversion of the B's to C's.

Here's some related DD.....
5. Conversion Right.

(a) Right to Convert by Holders of Series B Preferred. https://www.sec.gov/Archives/edgar/data/1451514/000135448815000113/mine_ex103.htm

(i) At any time after the date that a Holder purchases shares of Series B Preferred, such Holder may, at its election, convert each share of Series B Preferred into that number of fully paid and non-assessable shares of Common Stock (or such other equity security of the Corporation for which all of its Common Stock has been exchanged or into which all of its Common Stock has been converted) equal to (x) the Stated Value divided by (y) the Conversion Price, subject to adjustments as set forth in Section 7 hereof. The initial Conversion Price shall be .02; provided, however, that the Conversion Price shall be subject to adjustment as set forth in Section 7 hereof.

More related information.
Item 5.03 Amendment of Certificate of Incorporation. https://www.sec.gov/Archives/edgar/data/1451514/000135448815000113/mine_8k.htm

On January 7, 2015, the Company filed a Certificate of Designations for the creation of a class of Series C Preferred Stock with the Nevada Secretary of State. The number of shares constituting Series C Preferred is 1,000,000. The stated value is $20.00 per share. The holders of the Series C Preferred are also entitled to a liquidation preference equal to the stated value plus all accrued and unpaid dividends. Each share of Series B Preferred is convertible into 1,000 shares of common stock.