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See. This is a constructive. Can you show me where it stipulates this?
Wait. So what about all the positive speculation that has been occurring? Katy perry this and big guy that???
Listen. I told you that that is the way the market perceived the statement. It shows in the pps drop.
Not sure if or when those shares could hit. But it's out there and it came directly from a statement by the company.
No need to yell.
"
This Information Statement is furnished to the stockholders of Minerco Resources, Inc., a Nevada corporation (“Minerco” or the “Company”), in connection with our prior receipt of approval by written consent in lieu of a special meeting, of the holder of a majority of our voting securities of an amendment to our Articles of Incorporation (the “Amendment”) to increase the number of authorized shares of common stock from 2,500,000,000 to 3,500,000,000 shares."
Is this not AS increase?
Hey when autocorrect takes over, it's not my problem. If that's all you have to say then that's a waste of a discussion
Did they increase their AS at any point of you holding those stocks? If so what happened in the following weeks/ months. I'm not going to track down those tickers, just asking if you can highlight the activity
I'm not saying Mine won't take off someday. I am saying that their was a negative reaction to the AS increase ( unless it's a negative reaction to the vitamin fizz launch.... ???)
SS. If you sold those .00104s at 5 cents you would have had a 5000% gain. Then bought back in at .01.
I'm not arguing with you but the same can be said by saying "if you're not selling high, you're not gaining money"
You and many others are and have been promoting in those upper levels. In addition you're theorizing the AS increase will be used for a famous persons promotion. Names have been stated. But the pps has fallen steadily since the announcement of vit fizz plus the " oh and by the way we increased the AS". I would say that means there is a negative feedback. And this scenario have been seen in many other pennies. So saying you bought at .0015s doesn't prove anything.
I am expressing my discontent of the AS increase. I am long so when u say " us longs from .001" you pretend that u are better than anyone who has gotten in above a penny. I myself have been in since .004 - .02.
Until we see some more serious good news and / or better results, the market will take the AS increase as a possibility of a 50% dilution. So .007- .01 I think we will stay at for a bit.
You can label me as you please, but I am long. Good luck to US all
Agreed. And with no info on how they will Pay for the PIII, it is questionable how they will get there. I hope to hear news about this over the next month or two. If the AS increases, be forewarned of dilution.
Gltya
Hahahaaaaa. This is the typical pumpers words of choice. ' you have lost anything until you sell'. What a crock.
The thing is if people bought at 3-4-5 cents and it's now 1 cent and ( date I say it) it could go down wen more, you're saying they have list anything? Interesting cause that's how net worth is calculated.
I sti say that increase in AS has been realized into the pps and has been reflected negatively as seen by the drop. Even if the OS hasn't increased. They can do whatever they want with those shares. So we shall see.
I am *cough* patiently waiting in this but their move makes me highly suspicious. Gltya
Good question. Let's see what happens over the next few days. I am saying what I have seen in pretty much every situation when they increase the AS. I don't know all the vehicles of how those shares make it to the OS.
Watch the OS for the next few days.
I'm saying it again... Anytime there is an increase in AS, the price falls... The volume increases. As u can see those shares are trickling ( well a lot more than trickling) into the market as seen in the volume increase.
Sorry. Seen this before and it's liking again like it is :(
I'm sticking around. I'm long. In fact I bought more yesterday. But Let's see how long it takes for more news to come out. If nothing then it follows the same standard dump a thon
A little more about boxing:
http://www.wallstreetoasis.com/blog/scam-science-crossing-boxing-stocks
While pvct is not necessarily supported by an bank ... It's probably being supported by someone. Most likely because they do not want to drop back to OTC. They just uplifted. Moving back down would be the death of pvct.
I'm pissed to see these knuckleheads bet their whole efforts on the FDA quick route while never having a plan for a phase iii. Yeah. They have one now but it wasn't until they list the approval until they said 'whoops'. Looks like they really have to do a phase iii.
Here u go. Vorlorn was on to something. It's called ' boxing'. See here:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=18742
It's probably a combination of a few things but it points to manipulation.
Keep smoking and thinking you know what you're talking about
Um no. This is not typical trades like u and I have access to.
Look at the time stamps. Within sub seconds and seconds if each other. Whoever is doing it is doing it smart to make it look small and ride below radar.
Just looks like it to me.
#^~@&)!!!!!
See all those little itty bitty 100 share sells... Can anyone guess what they are ??? ( I can and know what they are ... Not a good sign)
Could this be that they have restricted stock tht they annoy sell? The buying is of common stock and may have less restrictions. It will be interesting to see how this plays out.
Thanks for this. Need some sort of positive reinforcement here.
It's been 3+ months bay guy. What do u think if this performance eh?
I think you forgot the T in $$HYIITT
Um. This was pre reverse split so it doesn't count here
Ha. Well that was pumped at .0003 and look at all the touting and dumping that happened ( the pump didn't happen... It was done to absorb the dilution)
Good luck
If this isn't a sign of a pump and dump... Then what is?
http://www.getresponse.com/archive/otcstockpicks/GAME-TIME-Triple-Zero-Hero-HYII-Hits-The-Market-With-HUGE-News-READ-14158435.html
This is a scam and is being pumped to get maximum extraction from your wallets ( not copper )
Tob. Good luck to us. But it is your opinion. The next few months will tell.
Yeah they said but back but that be years from now too just like you say the celeb impact is years from now.
But I would also venture to say that the billion shares are not just for celebs
Good luck.
Tob. You cannot say for sure. It says straight forward
'
The Company intends to fund operations through equity and debt financing arrangements, which may be insufficient to fund its capital expenditures, working capital and other cash requirements for the year ending July 31, 2014.
'
So yeah any use of those extra billion shares CAN be used to dilute the OS.
Paying anyone , celebrity or not, with shares is dilution. Can u explain this otherwise?
Tob. First thank you for not just saying 'lies lies blah'.
I read the 10 q and it states AS increase of 'Common Stock'. Not restricted or am I Missing something.
I understand whyyyy they are doing. This but as soon as it is used to buy goods and services, it is OS.
I'm not saying all will go to market. But What am I missing? The price drop def reflects this because it is seen as such.
Kilcam / tob. Please enlighten us why the AS has increased and what you think will happen to these shares... Please 'unlie' us with your truth.
Don't call anyone names unless u can support your name calling.
Read the 8k. And understand what it means.
It's simple. And yes it is the precursor to dilution anyway u look at it. While not all the shares may hit the market, any shares they use to pay for goods or to raise capital... Is dilution. So yeah. It will happen. That's why they increased the AS. And the price drop this morning is in response to this. You can deny it all you want. They times it perfectly with the good news of the release.
This Information Statement is furnished to the stockholders of Minerco Resources, Inc., a Nevada corporation (“Minerco” or the “Company”), in connection with our prior receipt of approval by written consent in lieu of a special meeting, of the holder of a majority of our voting securities of an amendment to our Articles of Incorporation (the “Amendment”) to increase the number of authorized shares of common stock from 2,500,000,000 to 3,500,000,000 shares.
Wow. It's like everyone here only saw the release of Vita Fizz but neglects to see the influx of dilution.
I'm long but I'm not happy about the dilution.
Exactly what Andre said.. We just got dumped / diluted with an extra billion shares. So your thought process is incorrect.
Shares were just diluted by 50%.
Really? It's down 27%. Not that it won't make some headway but how can u justify ur statement
The initial announcements were riddled with 'investigation into" and " possible" and now they are outright class actions.
Let's hope this just shrivels up.
So what is the deal with all this class action suits and how does this effect forward looking performance?
These suits are like blood sucking BS worms. What if the $pps goes back to $ 2-3 ( which I highly doubt near term). Do the class actions get dropped since the pps is near where the initial suits started coming out?
It just seems jaded now. IMO
That's usually a sign if dilution or promoters selling for their fees.
He, or anyone external to the company, shouldn't have to. It's sloppiness. One, maybe two errors, may be acceptable but as he stated it seemed thrown together with no attention to detail.
Lots and lots of BIG sells. You would think there would be more buying
And u think that would stay at 1.5 million?
Last RS they bumped the AS From Couple 100 mil ( actually i don't even remember) but it quickly went to 5 bajillion then 10 then 15 and now.. What 22 billion? I lost count so don't quote me.
Where's that news about mining and making 100k a month? Zzzzzzzip
I remember Pom Pom people were wowing about how they were getting all those sec filings up to date and reporting... Now I know why. To increase all those shares to bajillions and line their pockets and move to the next one.
Mark it. If they start getting their filings in a row again, the RS is coming.
So that 1.5 mil at .001 is just a blip before the slip. Even if that happens.
IMO
That's before the reverse split. It will never ever get there again due to the massive increase in approved and outstanding dumping dilution shares since then.
Unless, of course, they find gold and buy back 15 billion shares.....
*crickets*
That's when I would do it. Actually I would wait 366 days.
Technically 90 days plus 10 days.
http://www.finra.org/web/groups/industry/@ip/@reg/@notice/documents/notices/p121988.pdf
But it would have to be approved. Which is highly doubtful without looking like fraud. IMO.
One year from the last RS.... So fall time frame. Gives enough time for another pump or so.