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Agreed.
Hopefully more than promises and "wait and see" talk.
Hopefully no phrases like "maximize shareholder value" - If so, he should specify WHICH shareholder is going to gain value. IE: The group / groups that have millions and millions of shares to sell.
Hopefully hard sales agreements.
" All they're going to say is "we plan on this, we hope to achieve that, we look forward to this..."
I certainly hope not... That's what these past weeks were for. If it's just more "please wait and see" I see that more as "please buy more shares someone is selling"
I hope for hard facts and signed agreements that can be 8-Kd.
I don't know if they ever had any product, was there ever a bill for the 100k they say they made?
Small batches cost more. Est high at $1/btl.
This is an instance of needing the product before anything else can happen.
It's an impulse buy item, I've not heard of ppl getting orders for thousands of bottles or cases or any kind of pre sale.
Agreed. Money must be put out to produce product to put on shelves to hope for sales.
Does FBEC have a warehousing location? If not then I would wager shipments go direct to point of sale location. Small operations like this don't have the ability to store skids of product.
Co-packers can provide a lot of the logistics side if you pay them.
100k bottles for a place with any quality equipment is about a days run (8 hr shift) for them. I've been in facilities that can do 600-1100 cans a minute of varying products, sizes and volumes.
Production for something simple like this is just a matter of having the all important distribution and orders.
If he really is Transparent they should patent that tech.
I agree with your statements and hope they all get explained in the CC.
I imagine they would focus on describing the business in as much details as possible instead of fluff terms.
Hard production facts and numbers disclosed will be what shows whether this company is doing anything.
Sand is the last name, not Sands.
There was a person of the last name Sand associated with the company as recent as a Sept 12 8-K release.
The old Mgmt was around when new Mgmt became associated.
All very valid questions.
This upcoming Official RE-Launch is supposed to make up for the failed launch in August right?
Is this upcoming event supposed to show that they now have product they hope to sell, whereas in August they did not?
They are supposed to get rev from the Official launch in August? or the new Official RE-LAUNCH in October... I get so confused so many official things happening.
I agree. $FBEC Needs distribution contracts, sales, revs...anything tangible.
There's a lot of very poorly worded releases they are making as well as a multitude of corrections released.
Classic MO from an inexperienced CEO.
No liquidity in $FBEC securities atm.
It shouldn't take another CEO for you to see his inexperience and penny stock blood lust is a bad combo here.
How do they get free trading shares into the market so fast after R/S on a QB reporting issuer?
If you don't know the process to get NEW shares into the market after an R/S you should preface your statement with that.
This is all TRADING, volume by nature of the market.
You've been keeping track of every poster? You'd see mine are few and far between, that's immaterial to these events.
You'd have also seen clearly that I stated, this is trading at what the market is perceiving it's value to be.
Don't deflect back onto me your suppositions as a means to distract.
You say dumping... that could be any shareholder that holds shares.
Using words like dilution are misleading when you can't substantiate how a QB ticker can get NEW shares trading into the market this fast.
How do you know they ARE if you have no proof? ...
"It doesn't matter" Is a great defense...
There are NO NEW shares to trade right now... NONE. you can't get shares into the market post R/S that fast...
Everything trading were existing shares or shares being sold without physical certs to back them up.
If you don't know how there is or is not dilution why take the stance of IT MUST BE SO even if you don't know.
Educate yourself.
How can you have FREE TRADING shares so soon after this R/S?
Please explain
If anyone here can provide information on how a QB listed ticker can issue FREE TRADING stock right after an R/S I'd sure like to hear it. Substantiate these claims of dumping please.
This is the market valuing the company at what it believes is true.
I agree.
I think this deal was brought to the table by the new management group and explains why the board of directors needed to be adjusted.
NT 10-K out.
There are arguments to be made on both sides of the RS point.
Taking into account the position the company is in, chance of the RS being done is high given the fact the company has prepared SHs for one in a news release.
The way this company raises capital is through utilizing it's share equity.
There was no release indicating a share buyback plan.
It would be folly to not consider the RS as a high probability.
Trade accordingly.
You seem to have a pretty good bead on this one.
There isn't a character limit on this website. Why are people content with making single sentence comments that contain inflammatory statement such as the one you made without ANY kind of sound reasoning, facts, figures or some kind or precedent?
Is there another company in the same situation you are basing this off of?
Do you have some information that hasn't been disclosed that leads you to your "opinion"
I ask with no hidden agenda. I'm keenly interested in knowing how and why you feel like that you say is accurate in any way.
Please tell me with SEC regulation based facts that would indicate a necessity for the type of action you consider required.
There were two big trades at
11:40:19 Q 0.00227 -0.00053 3,784,782
11:31:38 Q 0.0023 -0.0005 3,200,000
Someone sold... someone bought. Someone bought... someone sold.
What's it mean to HJOE!? Who knows.
I think your math is off by 1 critical point that would make that valuation much lower.
Here are a few interesting take aways I see in the 10Q for Minerco Resources.
Item 12. Debt Subheading:Avanzar notes payable and their respective due dates.There are more due later in 2015 but for the sake of this statement they are immaterial.
Principal at 7/31/2014 Principal at 10/31/2014 Interest Rate Maturity
$20,000 $20,000 8% February 28, 2015
$20,000 $20,000 8% February 28, 2015
$10,000 $10,000 8% February 28, 2015
$20,000 $20,000 8% February 28, 2015
$20,000 $0 8% February 28, 2015
Item 13. Common Stock.
Prior to the Acquisition date of October 24, 2014, Minerco had issued the below shares during the period August 1, 2014 to October 24, 2014.
During the period August 1, 2014 to October 25, 2014, the Company issued 318,359,495 common shares for the conversion of $124,428 convertible promissory notes. These notes converted at conversion rates between $0.00025 and $0.0026.
On August 8, 2014, the Company issued 250,000 common shares for consulting services. The shares vested immediately. The fair value of these shares was determined to be $2,850 and was expensed as stock compensation.
On September 3, 2014, the Company issued 10,000,000 common shares for consulting services. The shares vested immediately. The fair value of these shares was determined to be $82,000 and was expensed as stock compensation.
On September 4, 2014, the Company issued 12,000,000 common shares for consulting services. The shares vested immediately. The fair value of these shares was determined to be $94,800 and was expensed as stock compensation.
On September 4, 2014, the Company issued 8,000,000 common shares for consulting services. The shares vested immediately. The fair value of these shares was determined to be $63,200 and was expensed as stock compensation.
On September 8, 2014, the Company issued 250,000 common shares for consulting services. The shares vested immediately. The fair value of these shares was determined to be $1,725 and was expensed as stock compensation.
On September 16, 2014, the Company issued 1,000,000 common shares under the Key Employee and Distributor Incentive Plan in two (2) transactions. The shares vested immediately. The fair value of these shares was determined to be $6,700 and was expensed as stock compensation.
On October 8, 2014, the Company issued 250,000 common shares for consulting services. The shares vested immediately. The fair value of these shares was determined to be $1,625 and was expensed as stock compensation.
During the period October 25, to October 31, 2014, the Company issued, 35,237,980 common shares for the conversion of $32,357 convertible promissory notes. These notes converted at conversion rates between $0.00025 and $0.00255.
Item 17 Non Controlling interest.
This is where you can see how much of each business Minerco Resources own/controls, which is also an indicator on what kind of revenue would be generated from these assets.
These ownership and control %s should be considered when formulating potential profits.
The Company owns 70.3% of its subsidiary Level 5 Beverage Company, Inc (“Level 5”). The remaining 29.7% is owned by unrelated third parties. Level 5 owns 30% equity interest and 51% voting control of Avanzar Sales and Distrubtion, LLC
I think if you recalculate with those %'s of ownership factored in I think you can see why in my view their revenue must be much much higher than previously assumed to reach that .01 PPS
Also, item 18 Subsequent events
18. Subsequent Events
a)
On November 3, 2014, the Company through its subsidiary, Level 5 Beverage Company, Inc., entered into an Agreement with JD’s Food Group, Ltd., a company incorporated in the United Kingdom to exclusively distribute our VitaminFIZZ ® brand of enhanced sparking water in the Territory of the United Kingdom.
b)
On November 4, 2014, the Company issued 9,730,487 common shares for the conversion of $20,000 pursuant to a convertible promissory note dated March 31, 2014.
c)
On November 8, 2014, the Company issued 250,000 common shares pursuant to a consulting agreement.
d)
On November 17, 2014, the Company issued 15,529,173 common shares for the conversion of $20,000 pursuant to a convertible promissory note dated March 31, 2014.
e)
On November 19, 2014, the Company issued 35,000,000 common shares for the conversion of $8,750 pursuant to a convertible promissory note dated July 23, 2012.
f)
On November 24, 2014, the Company issued 18,273,486 common shares for the conversion of $20,000 pursuant to a convertible promissory note dated March 31, 2014.
g)
On December 1, 2014, the Company issued 25,000,000 common shares for the conversion of $6,250 pursuant to a convertible promissory note dated July 23, 2012.
h)
On December 2, 2014, the Company issued 34,500,000 common shares for the conversion of $8,625 pursuant to a convertible promissory note dated July 23, 2012.
i)
On December 4, 2014, the Company issued 19,492,643 common shares for the conversion of $20,000 pursuant to a convertible promissory note dated March 31, 2014.
j)
On December 8, 2014, the Company issued 250,000 common shares pursuant to a consulting agreement.
k)
On December 12, 2014, the Company issued 34,500,000 common shares for the conversion of $8,625 pursuant to a convertible promissory note dated July 23, 2012.
l)
On December 15, 2014, the Company issued 11,722,378 common shares for the conversion of $15,000 pursuant to a convertible promissory note dated March 31, 2014.
All in all, it seems to me that there is a lot of paper that this company printed. This company also seems to be losing it's potential value to most investors faster than it can print new certificates.
Isn't there a hangover song by a big Korean artist and Snoop dog?
I think a day like this is good considering what how much it was moving on Friday.
I agree. It seems the sentiment towards this ticker is that it has the potential to break above is 50DMA and PSAR of around .0048.
It wouldn't take much buying pressure to approach that for a test and possible break through.
It looks like it's held this level nicely with a relatively quiet day. I like seeing strength on quiet days.
It looks like that's the case. The chart shows strength to me.
It doesn't look like it would take much to get over that .004 level you show.
The image you linked shows the basil in the background lush and green and no "burn in" on the edges like you say that indicates nutrient deficiency. That would lead me to believe that the damage those 3 plants suffered are not related to it's growing environment and methods, but rather its transportation or storage on the customer shelf to be the cause.
That's a great deal of stores for a soft launch. Reassuring to see them post those. A full launch should see that number increase quite a bit.
That's what I'm noticing for sure.
It looks like .0085 now.
Nice!
I like the bid support.
It's good it's holding these prices right?
Right on. I'm looking forward to it then! Good luck to you as well and BRNW.
It makes me more confident that BRNW can go up from here.
Holding this level is a good thing for BRNW right?