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What did you put in your coffee this morning?
As of January 31, 2016 and you can borrow on Goodwill, Customer Relations or Intangibles.
Cash $ 345
Accounts Receivable, Net 148,197
Inventory 187,875
Prepaid Expenses 4,896
Current Assets 341,313
Other Assets
Property and Equipment, net 100,700
Prepaid Expenses, Noncurrent —
Goodwill 607,891
Customer Relationships, net 144,198 Intangible Assets, net 380,417
Total Assets $ 1,574,519
All of this exciting news and its flat. History will repeat itself again. News and it goes RED!!!!
No assets available to secure more debt. Thanks for proving my point. More dilution coming.
Latest 10Q No cash. Credit maxed out. Past due loans. How will Vanis pay to go national? Just fluff.
LOL No cash to go national. More fluff
Replace debt with equity then r/s split. The history in this stock. The facts don't lie.
You tell me mr. dd.
Proof of dilution!!!!
80,838,717 outstanding shares a/o Mar 21, 2016
86,990,717 outstanding shares a/o Apr 01, 2016
6,152,000 additional shares issued in 10 days.
I told you it was happening.
Agreed.
Lets look at what Vanis has promised and delivered on. 1) Hydorelectric power plants - fail. 2) Coffee Boost line - fail. 3)Vitamin Creamer - fail. 4)The Herbal Collection - fail. 5) Island Style - fail 6) Avanzar - fail. 8) Kids 50 - Yo Gabba Gabba - unknown. Straight from the 10Q " the Company has an accumulated deficit of $31,140,648" That's $31 million of investors money. Can't you see he is fleecing the investors. Vanis needs to go.
Then tell us why Avanzar can't produce enough money to cover overhead and debt payments. It is a money pit.
Fact is Minerco only gets the rights to the kids drinks which was failing. Vanis bought a company that is losing money and he is going to try and revive it (fluff). Vanis throws a little fluff out there to get you excited only so he can have massive dilution. Vitamin Fizz failed years ago. Look at the hole Avanzar is in.
Vanis has proven most of us right. Everything he has promised has NEVER come true.
Believe what you want. We all know Vanis and your numbers lie. More dilution will show up on the next report. Mark my words.
So you think Vanis shut down business to negotiate Yo Gabba Gabba? Why would you shut down a business when you have $800K in fixed expenses and no cash to cover. Your delusional my friend. Avanzar and Vitamin Fizz sales just suck. The only way to make up for the loss is dilution. Go ahead and mark me. We should get the dilution numbers soon.
Nicely thought out
3 months sales $196K Net loss $1.3M. That is what I call a negative cashflow.
LMAO We can't even get regional distribution.
So was Coffee Boost, Vitamin Fizz and Vitamin Creamer. Just another product that will suck capital and be shelved in 18 months.
CEO is trying to make chicken salad with chicken crap. Every purchase he has made is costing shareholders money. Coffee boost - shelved, Vitamin Creamer - shelved, Azanzar - cash drain, Vitamin Fizz - soon to be shelved. Failure after failure
You forgot the dilution currently going on. As of Jan 31, 2016 outstanding shares 62,146,225 and as of March 21, 2016 80,838,717. 18M increase. That does not include what has been issued the last 2 week which should put is around 100M.
Not sure when the last production run and consolidating the financials makes it difficult to tell the Fizz inventory. They had combined sales of $196K for the last 3 months so I would suspect that they have some old inventory getting ready to expire.
Carbonated drink should have a shelf life of 6 - 9 months. If we have old inventory which I believe it is it might need to be destroyed. 10Q showed $187K in inventory on Jan 31. Disposing with be costly along with losing the inventory.
Vanis a history of putting out news before he starts massively diluting. Shortly after the news the stock always takes a dive. Many of us have been here a while and know that.
Amen!
LOL. We will see.
Dilution in progress to pay for this. We will have 100M outstanding shares by mid April
Vanis planning to market THC Yo Gabba Gabba for kids.
LMAO Yo Gabba Gabba only has reruns since 2012. FAIL!!!!!!
the Company has an accumulated deficit of $31,140,648 ……a going concern is dependent upon the Company's continued financial support from its shareholders, the ability of the Company to obtain necessary equity financing to continue operations, and the attainment of profitable operations.
Don't forget Vanis used all the cash to pay him and this friends "Dividends".
Once news comes TIMBER!! It always does.
What about the other 16M that has hit the market since the 10Q?
62,146,225 outstanding at January 31, 2016
80,838,717 outstanding at Mar 21, 2016
Your DD sucks
MINE Security Details
Share Structure
Market Value1 $1,940,129 a/o Mar 24, 2016
Authorized Shares 250,000,000 a/o Feb 04, 2016
Outstanding Shares 80,838,717 a/o Mar 21, 2016
From 10Q
Common stock, $0.001 par value, 250,000,000 shares authorized, 62,146,225 and 34,962,336 outstanding at January 31, 2016 and at July 31, 2015
80,838,717 - 62,146,225 = 18,692,492
18M more outstanding shares hit the diluted market since Jan 31, 2016.
He is getting paid to test the Fizz that the shelf life has expired on.
LOL $660 in not a whale
100% of nothing is nothing. Sales crashing. No cash. Increasing debt. More dilution of shareholder equity. No leadership. Sub-penny coming.
Avanzar lost their warehouse on 281 N PuenteSt last year. They are selling out of the back of passenger vans.
Sales are dropping fast just like I said they were. So much for SS1's DD.
Straight from the 10Q
Revenues
During the three months ended January 31, 2016, total revenue decreased 72% to $196,021 compared to total revenue of $740,985 during the same period in fiscal 2015. The decrease was due a decrease in service related revenue and decrease in capital invested into the distribution business due to a reallocation of capital into our beverage business.
Gross Profit
During the three months ended January 31, 2016, gross profit decreased 74% to $35,412 compared to gross profit of $135,249 during the same period in fiscal 2015 The decrease was due to a decrease in sales.