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DR Pepper also has 25% stake in Bai 5 which also has a phenomonal sparkling drink
Vanis can say whatever he wants he also said a buyback began , hows that working out? Ive called a bunch of Walgreens many sold what they have left at cost. Strater Bros been on the locater for how long now? I called they never heard of fizz. Also last shareholder letter went it stated "walgreens promotion" as opposed to permanent placement. You are foolish to believe OTC CEOs
Placement is easy its getting people to buy or to even know the product exists. Look at Walgreens 80% areny carrying anymore bc it just doesnt sell theres dozens of sparkling fruit drinks on the market. Vfizz is nothing special. You dont expand over seas before you go national here. You ever think Sparkling Ice isnt in UK because theres no demand for it? Like ive said theres a reason Big Red and PB sold 5% of their stake back to Minerco.
Steve if abything said verbally Vanis filed an 8k. If I remember correctly he evwn stated he wasnt worried about SS
you sound mad are you mad? Hows the sharebuy back coming that started 3 months ago?
Great way to get the SEC attention is by filing an 8k saying retiring shares to treasury and then not doing it at all. Vanis the hero. Zero
Are you mad ? You seem mad? Hows the share buyback going? How about no more notes? Weather in cali so bad anvazar sales down? PPS is really showing progress in the stock. Ad did the 10q. Question why is there no mention of the failed ThC trademark here? Not mention nothing in 10q. Vanis got 75k dividends last quarter he def deserved that. In 2 quarter mine has spent 2.3 million on G+A doubling that of phase 1 in less than a year. This stock is going places. To trips lolol
Oh yeah it was great one of my favorites since ive been following
As per Vanis letter "we have began returning shares to the treasury" ..Buyback is going well
Since Stock Scout response has nothing to do with what the you asked maybe ill clarify. If Strater bros is saying they dont have Vitamin Fizz or have never even heard of it Minerco you could be running into some legal issues for false advertising. Also im sure Strater bros wouldnt appreciate it saying they are carrying something for over a month now when they havent at all. Dont believe the store locator so much they still have Walgreens on there whilst many havent reordered after the promotional run. Do yourself a favor go through the store locater list give 20 places a call randomly see if they have Fizz and if its selling, and if they will be reordering. Do your own DD you are better off
yes getting new stores is great and easy, many will give a trial run orders after the initial are most important though. This proves that there is a demand for the product and stores see that a profit can be made. Lot of these big time grocery stores and 7/11s rely on quick turnover. meaning stuff doesnt sit on shelf very long because their margins are smaller. As you saw with Walgreens it wasn't selling fast enough and wasting valuable shelf space. So they failed to reorder after their "promotional run", yet Vanis stated this was a personal placement. I wouldn't believe every store you hear either bc Walgreen's is still on the store locator and manya re refusing to carry anymore after intial promo run. Do yourself a favor and call these places do some DD, ask them if thye have Fizz, if its selling well, and will they be reordering. Same story with Strater Bros they have been on the list for a month still no Fizz but neither are carrying Vitamin Fizz in fact Strater bros has never even heard Vitamin Fizz.
Dont worry Im keeping a nice list of evidence, Prs, and shareholder letters not matching with numbers and facts in 10q. So when you guys are ready ina few years for a class action i got you
As Per 10Q Minerco has $99,508 cash on hand lets round it to $100,000
Since Vanis letter the price has fluctated between a low of .0022-. 0042
So we will say an average of .0032
IF Minerco used every bit of cash they have to retire shares
100,000/.0032 = 31,250,000 shares retired
31,250,000/3,500,000,000(TOTAL NUMBER OF SHARES)= .008928 % OF SHARES RETIRED
I hope you dont think that will help the share price.
Just a heads up i read the WHOLE 10q again and there is 0 talk of THC and research and development was $00 last Q so idk what they are "finalizing" but theres no mention of this in Q
A:
When a company performs a share buyback, there are a few things that the company can do with the securities they buy back. The company can reissue the stock on the market at a later time. In the case of a stock reissue, the stock is not canceled, but is sold again under the same stock number as it was previously sold. The company may give or sell the stock to its employees as some type of employee compensation or stock sale. Finally, the company can retire the securities.
In order to retire stock, the company must first buy back the shares and then cancel them. shares can not be reissued on the market, and are considered to have no financial value. They are null and void of ownership in the company. Retired stock is repurchased from the money saved in the company's retained earnings. After the stock is repurchased, the issuer or transfer agent acting on behalf of the share issuer must follow a number of Securities and Exchange Commission rules regarding stock. The stated goals of the SEC's rules for the handling of canceled stock are to reduce and eliminate fraud resulting from the use of canceled securities, reduce the need for physical movement of securities, and to improve the processing and transferring, as well as those processes involved in securities transactions. There have been occasions in which canceled securities have gone missing and appeared on the international market as current and valid securities.
Retired stock is canceled according to the following rules. Securities that have been retired, or canceled, must be clearly marked with the word "canceled". Canceled securities must be kept in a dedicated, secure storage area. Transfer agents must keep a retrievable database of all canceled or destroyed stock. Finally, transfer agents must write and follow a set of procedures on how to deal with canceled or otherwise terminated stock. It is worth noting that the SEC does not mean to interfere with scripophily, but has to institute regulations in order to prevent fraud and theft of destroyed or canceled securities.
Read more: http://www.investopedia.com/ask/answers/05/retiredstock.asp#ixzz3ebxdz2Yr
Follow us: @Investopedia on Twitter
http://www.investopedia.com/ask/answers/05/retiredstock.asp
Because a year after putting Vfizz cans in bodegas in NYC ....theres still those same cans in bodegas. Call a few locations youll know why no word from drink king
Hey where todays TA share structure unchanged announcement? Whens the buy back starting? I thought Vanis stated it started the day of the shareholder letter?
Retired Shares coming to only dilute with those same shares come October when the note is due, double dip I love this company. Crazy that emergency production had to be done because a huge deal was done but Vanis still cant talk about it .la la la la la
Vitamin Fizz contains E129 not very good for children yikes thought this was healthy for all
Wow great 8k
No mention of notes
Buyback with no cash
Walgreens went from permanent placement to promotional
Anvazar Revs down bc of inclement weather in California this one gave me a chuckle (Its Socal the weather is gorgeous hahaha)
Huge account but we cant say but we had to produce Fizz immedietly
KEEP BUYING MINE NEEDS YOUR MONEY
why do you guys continue to believe in Vanis?
Like hes a good guy?
He has 2 duis
a domestic violence charge
"But we have Powerbrands and Darin EZra"
Ever wonder why powerbrands has 500 drinks and none are a success. You know what ill give them 1 maybe Neuro but thats just bc of Trump. Thats a .2 % success rate.
and was clearly caught scamming energy in Hondorus
StockScout is being paid by Minerco somewhere in that million G+A Q after Q
You ever ask him to show you his shares that he so call keeps "adding"
Ask him how the golf outing was where Tony asked him to load up along with Rotondo,Foley and many others
SS is here to keep you guys busy and hoping while Vanis receives 200k a year or more. "But hes not being paid". Then why is G+A over a million dollars.
StockScout you say THC is almost done they Prd that research and development was being finalized but on the 10q research and development was $500 so are they having some kid in their basement research or what?
Debt decreased from 2014 though yeah and they just added another 250k note on June 2nd. And cant pay existing October note
When someone named betty bacon is the highlight of your 10q. you might have a problem
HOPE YOU HAVE SOME POWDER YOULL BE FUNDING VANIS GOLF TRIPS FOR YEARS TO COME
Positives from 10Q
So heres the good news:
Balance sheet: Goodwill is up to 700k(WTF)
General and Administration is up over 1 million (salaries WTF)
Accumulated deficit now up to 26 million wow
net loss of operation up from 1 million to 1.3 million
600k loss for 3 months
2.5 million since october wow
revs down 30% from last q
Juarez made out on anvazar deal big time
big red and powerbrands as well for selling Vfizz
other good facts
NO MENTION OF THC since TRADEMARK WAS DENIED
During the three months and nine months ended April 30, 2015, the Company converted $319,903 and $854,504 of principal and interest of the line of credit into 172,000 and 489,000 Series B Preferred shares and recorded a loss of $353,097 and $792,046 due the difference between the fair market value of $673,000 and $1,646,550 and note and interested converted to settle the debt respectively. There is no accounting impact for the modification as there were not associated fees with the line of credit.
This Line of Credit bears interest at the rate of ten percent (10.00%) per annum.
On May 27, 2014, Avanzar signed a line of credit with BFS West Capital for a principal amount of $168,000 payable over 15 months. As of April 30, 2015, $35,326 is outstanding. The current interest rate is 29.6%.
During the period October 25, 2014 to April 30, 2015, the Company issued, 311,336,088 common shares for the conversion of $301,296convertible promissory notes. These notes converted at conversion rates between $0.00025 and $0.00255.
NEW NOTE 250K June 2
On June 2, 2015, we entered into a Securities Purchase Agreement and Convertible Promissory Note for $250,000. The convertible note carries an 8% rate of interest and the Note is convertible into common stock at a variable conversion price of 50% of the market price which shall be calculated as the lower of the lowest day during the preceding 20 days before conversion.
On June 9, 2015, we issued 25,497,342 common shares in one (1) transaction upon conversion of a convertible promissory note dated October 22, 2015.
As of April 30, 2015, we have generated $1,859,298 of revenues for the nine months ended April 30, 2015, have achieved losses since inception, and rely upon the sale of our securities to fund our operations. As a new competitor in the beverage line
of business, there can be no assurance we will generate any significant revenue from the sale of any such products and our future cash needs vary from those estimated. Accordingly, we are dependent upon obtaining outside financing to carry out our operations and pursue any acquisition and exploration activities. In addition, we require funds to meet our current operating needs and to repay certain demand note obligations and other convertible debt obligations that will mature shortly.
CANT PAY OLD NOTE DUE IN OCTOBER
As of April 30, 2015, our obligations under outstanding notes totaled an aggregate principal amount of $125,000. Of such amount $125,000 is due October 22, 2015. We currently do not have sufficient funds to fund all of the future notes.
This is all copy and pasted from todays 10q
I am shorting this pig good luck
So heres the good news:
Balance sheet: Goodwill is up to 700k
Accumulated deficit now up to 26 million wow
net loss of operation up from 1 million to 1.3 million
600k loss for 3 months
2.5 million since october wow
revs down 30% from last q
Juarez made out on anvazar deal big time
big red and powerbrands as well for selling Vfizz
other good facts
NO MENTION OF THC since TRADEMARK WAS DENIED
During the three months and nine months ended April 30, 2015, the Company converted $319,903 and $854,504 of principal and interest of the line of credit into 172,000 and 489,000 Series B Preferred shares and recorded a loss of $353,097 and $792,046 due the difference between the fair market value of $673,000 and $1,646,550 and note and interested converted to settle the debt respectively. There is no accounting impact for the modification as there were not associated fees with the line of credit.
This Line of Credit bears interest at the rate of ten percent (10.00%) per annum.
On May 27, 2014, Avanzar signed a line of credit with BFS West Capital for a principal amount of $168,000 payable over 15 months. As of April 30, 2015, $35,326 is outstanding. The current interest rate is 29.6%.
During the period October 25, 2014 to April 30, 2015, the Company issued, 311,336,088 common shares for the conversion of $301,296convertible promissory notes. These notes converted at conversion rates between $0.00025 and $0.00255.
NEW NOTE 250K June 2
On June 2, 2015, we entered into a Securities Purchase Agreement and Convertible Promissory Note for $250,000. The convertible note carries an 8% rate of interest and the Note is convertible into common stock at a variable conversion price of 50% of the market price which shall be calculated as the lower of the lowest day during the preceding 20 days before conversion.
On June 9, 2015, we issued 25,497,342 common shares in one (1) transaction upon conversion of a convertible promissory note dated October 22, 2015.
As of April 30, 2015, we have generated $1,859,298 of revenues for the nine months ended April 30, 2015, have achieved losses since inception, and rely upon the sale of our securities to fund our operations. As a new competitor in the beverage line
of business, there can be no assurance we will generate any significant revenue from the sale of any such products and our future cash needs vary from those estimated. Accordingly, we are dependent upon obtaining outside financing to carry out our operations and pursue any acquisition and exploration activities. In addition, we require funds to meet our current operating needs and to repay certain demand note obligations and other convertible debt obligations that will mature shortly.
CANT PAY OLD NOTE DUE IN OCTOBER
As of April 30, 2015, our obligations under outstanding notes totaled an aggregate principal amount of $125,000. Of such amount $125,000 is due October 22, 2015. We currently do not have sufficient funds to fund all of the future notes.
This is all copy and pasted from todays 10q
just some advice if you think bashers are wrong spend $200 go to a CFA and seek professional advice
Its very true ill be posting the store numbers and locations tomorrow. Idc enough today ill be enjoying my birthday. If you dont believe it call a few walgreens in Socal ask to speak to managers. Ask why they are getting rid of fizz at cost and why? Ask if they will be reordering. You will get the same responses I did. 80% of the walgreens arent ordering after stock is gone.
Whos lying? Vanis emails say all Walgreens have reordered? While you shareholders say you went to Walgreens and they told you they werent reordering. So are you guys being bashers or is it Vanis lying? The 10q will state what the terms of the contract were but its just something to think about.
I called around 20 Walgreens and got the same response as most of you that they werent reordering and it was a corporate decision.
So after THCZ was signed yesterday I was wondering why Minerco would sign a competitor of its THC brand through further investigation I realized its because they aren't getting their own THC brand.
Below is the filing where they terminate their contract for THC to be produced. Its odd on the same day of this filing Vanis put out a press release they were almost done with THC.
Keep believing Vanis and you will be broke
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=10722819
Article on Financial Trader/Promoter sueing Minerco
http://cookcountyrecord.com/issues/892-breach-of-contract/271569-trader-sues-beverage-company-for-breaching-deal-to-pay-him-to-promote-coffee-drink
Nice next years pump already in the works shit is great.....Sell those shares son...not only do they have Level 5 which doesnt sell...and Vitamin Fizz that doesnt sell now they will have a 3rd drink.....Solid business model..... expand before a consumer base
actually the only thing you give out is fake Share Structure numbers, floats locked, but never say why the company spent 12 million to make 12k in sales.
Youve been.conned by Stockscout
Ahhhh what a great 8 months. Go $mine. Just ask yourselves why it cost them 12 million dollars to make 12k last quarter.
Bagholders 4 life. Vanis thanks each and every one of you
Question where is prow getting the money to acquire neone. They havent made a dollar in the laat 6 months
That is correct sometimes these walls are fake but usually with $mine they arent millions of trades go through. Bmak is notes aka debt. NITE dilution. You should really be worried about the sgares beibg dumped all day and all week. Please dont listen to StockScout float numbers they are nowhere bear accurate
So StockScout how do you come up with your numbers. You are telling me that you have every single $mine shareholders shares on record? Lets just say that your numbers are correct. Then why is the share price at .007, if more ppl than ever own Minerco then why isnt the price above .045. Is it possible that your available float for trading is wrong you have 100 million shares available. That means that you guys have over 95% of the float locked. Is it possible that people sell and dont tell you?
We are going to be rich!!! King distribution has over 6 products noone has ever heard of!! Now including Vitamin Fizz that makes 7!!! 60 yrs in the business thats some resume!!!! Vanis has really done it this time hes a genius instead of getting a a distributor in NYC he went and got one in Jersey. Genius to the moon this is amazing. No name distributor+honest ce0+product in 2 = mind blown we are going to the moon with this one boys. Quiting my job now
DD - 3.5 billion shares no agressive share buyback like stated in CC. 1 week from launch no advertisements to be found. 1000 likes on fb means nothing. This old Vitamin fizz product suppose to save the co. Why whats so special about it. If this co wasnt a penny stock and wasnt selling all of you paper and dreams would be out of business. When the PR the launch itll be a huge sell off with dilution hence why the shares were uped to 3.5 billion. Instead of this co actually getting distribution for level 5 they sent old cans to ne york now will change the product om customers with new formula(thats if there are any customers) New York 50 ,stores all not in a good area level 5 250+ stores 8k = $24 per store for 3 months. What store would keep the product on shelves that makes them 24 dollars in 3 months. Time to wake up ppl before Vanis steals all your Money like he did in 2011 with the Hondurus Energy scam
Guys make sure to buy those 10k walls as fast as you can when you see them. I promise its not dilution Vanis was short on the mortgage this month.
Bids Stacking EOD run immenent lets close at .004
With what shares?
Only lol
8 million share T trade afterhours today total of 36k
Hey guys this is manski0202 from reddit and @skitheg on twitter I am still a believer in wdas but it needs to find a bottom before I jump back in. I also wish Sean would get fins auditted fins to reassure investors that revenues are real. Currently Q1 fins make 0 sense to me.
I see another huge run today we see copper today penny land iminent
I think we see a nice start to a great long.run today early.morning run up with a lul and dip. I will be opening a position today am very excited for this one