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If you follow the press releases and the obvious intention of turning MINE into a holding company you should expect the company to continue with acquisitions and developing it's holdings. The whole concept of a holding company is to bring in asset based company's that will generate significant revenue or that currently generate revenue to increase the bottom line of MINE. For a sub penny stock the developments could be mind boggling if the right assets are in place. I like the direction John Powers is going with the company and until proven differently I am totally behind this stock. If I ever smell a rat I will be the first to expose it. JMO
Powers does not have any prior history of crapping out companies or felony records. Something that most penny stock management have, history of poor management and milking investors out of money instead of making them money.....
After the 10Q, which I will not expect much in changes from the 10K I think we will see more significant news on Level 5 and hopefully another acquisition and then we might get over .01 before the 1st but not much happening over the Holidays. As like you I expect great things to happen in early 2013. JMO
I personally think it's a good thing and why would anyone approach the company without having the ammunition to get the job done? If we have that many shares in good hands this company it will be better for it and finally get the executives off the ATM machine. The company has a huge upside but not with this management team.
It appears from the latest 8k some investors are trying to take over the company.
SECTION 8 - OTHER EVENTS
Item 8.01. Other Events.
On November 26, 2012, after close of business, the Company received correspondence from a representative of certain stockholders of the Company purportedly containing a written consent of a majority of the shareholders of the Company to the amendment of the Company's by-laws. The Company believes that said notice does not represent a majority of the stockholders of the Company and otherwise fails to comply with the Company's articles of incorporation or by-laws and is therefore a nullity. The Company makes this disclosure only in compliance with possible regulatory disclosure requirements.
They have the 10Q coming out soon, it took them some time for the 10K but that was quite the reading and I can see why it took them so long. I would expect the 10Q around the 15th unless they file for an extension. Power Brands should provide the company with a marketing plan and some idea of sales since they also have the distributor connections. Could be wrong but it appears they are a full service company. http://www.powerbrands.us/
Welcome to the Board Cube, hope you pick up a ton of shares this may just be one of the rare real deals in penny land...
I totally agree, whoever is holding long right now will see some good profits, Power Brands is not a lightweight in the beverage industry. If they took on Level 5 they must have more going for it than meets the eye right now.
Whoever just bought the 1ml is going to be a happy camper in the near future!!!!!!
The float is 37,029,069 which is rather low, this should not take much more to own the float in good hands.
I bought 5 ml shares through E-trade but I have yet to sell 1 share. They could be using the shares however for whatever reason.....I plan on picking up more shares through Zecco who is merging with another company...If we could get an honest share count we could control the float.
I just sent Island Stock Transfer a request for the current outstanding shares and float. When I receive the information I will post it.
I do believe we have some naked shorts out their with MM's, it just doesn't add up otherwise....The MM's can short stocks if you have them and setting them for sale with a high pps does not prevent them from using the shares. Some MM's don't have the shares and have to scramble to deliver, once we tighten the float up even more they will eventually back off....
If you hold 13 ml, I know of two investors that hold 12 ml between themselves for 25 million in longs, their is probably another 8-10 million long investors which leaves a vapor trail of stocks to purchase. Must be some naked shorting going on with MM's.....
Whoever is picking up the million shares at a time will be making good money, hope it's private investors holding long and not the MM's......
Agree with that, I still believe anything under .01 at this time is going to be a great investment in the near term, this doesn't bother me in the least. They will play their games until we get the MOMO going hard and heavy and then they will back off or eat it.
Here goes PERT again!!!! another block at .0034
I agree, we need more news on the beverage side of the business and possibly more acquisition news if they are proceeding as a holding company, that will get more eyes on this and move it up fast.
If investors could vision the whole picture, but most can't, it has to be released by the company to see, grasp and feel the whole picture instead of assuming what it will look like. To many blank spaces right now, need new paint and it should then be a beautiful canvas. I get it but most investors need a full photo shot....Especially with penny stocks.
Hopefully I will soon be watching investors chase this one up once the float really tightens up with friendly longs. I believe more than 1/2 of the float is currently held by longs, just a matter of more news and eyes on this and it will take off, how high? who knows.
It appears to me Level 5 is not the only acquisition this company will be acquiring in the future. When they came out with the direction of a holding company the obvious intention is to acquire company's that will hopefully generate revenue in the future but even more exciting if they obtain company's that currently are profitable that will increase the market cap. Power Brands has a great reputation in taking a product from start to finish with excellent financial results. It appears they are coming out with a new product to develop a niche in the market no one else is doing, we may look back and see the shareholders at this level getting in on the ground floor, maybe just digging the hole for the footings is more like it. Their is a very limited amount of Penny Stocks that are successful let alone not being a Scam. I think this may be one of the successful ones..JMO
I Just wonder why? LOL I believe more will get this when it's all said and done.......
Looks like an ATM Machine for the Management, taken from 2011 10-K:
Looking forward to the 2012 10-K
Salary Payables
On August 18, 2011, 1,490,000 shares were issued to one officer with a fair value of $44,700 to settle $59,250 of outstanding salary payable. The difference between the fair value of the common stock and the salary payable was recorded to additional paid in capital. On December 30, 2011, to reduce the liabilities owed to senior executives and to improve the working capital position of the Company, the senior executives converted notes payables in total of $1,046,702 and bonus payables in total of $450,000 into 25,367,831 restricted common stock shares each to the three executives. The converted notes payables and the bonus payables were converted at a conversion price of $0.06.(Three Senior Executives)They have sure earned those salaries for a penny stock!!!!!!!!!!!
From: Consolidated Balance Sheets (unaudited)
Common stock outstanding September 30, 2012 275,923
Common stock outstanding December 31, 2011 124,812
Totally agree with your post, the company stated earlier they plan on acquiring more assets and they have followed through. I believe this is just the start. My research on Power Brands gives Level 5 a great opportunity to garnish a significant part of that market. I anticipate more acquisitions as the company moves forward as a holding company.
I think CMGO will be fine but not under the current management. I personally would like to see a change in leadership that is more responsive to the shareholders with better transparency and company updates. I tend to agree with you that the outstanding share structure may have significantly changed and is not currently available through the gagged transfer agent.
What I like is the holding company concept with MINE, that tells me their is more in the pipeline that will be coming. Energy drinks are hot right now and with new flavors and Power Brand behind this we should see some significant revenues for MINE.
I will not be looking to expose anyone with the intention of a fraudulent scheme, I will however expose and gather as much on-site and off site factual data, including video of the physical facilities, interviews, real estate records, past criminal records and verify qualifications of management, etc. This may result in a company that maybe undervalued as well as overvalued or fraudulent. I will present the information for the investor to determine their own course of action. As for WDRP I am not suggesting they do not have a product, I strongly believe they do, however their has been delay after delay and it maybe just the way it is in developing a new product that can actually function efficiently as a microwave water heater. I have also started three private companies in the past and it does take time and money. If a successful microwave water heater was easy to develop the big boys would have completed one by now. JMO
Now that we have the 10-K filed we may see more developments with the company and timely PR's released if they are now going to be a holding company.
I am currently developing my website and WDRP is on the list, I contacted Andrew and gave him the heads up on what I was planning and he was somewhat apprehensive because Robert may or may not be available or willing to participate. It really doesn't matter if they do as that is what this is all about, as much disclosure as possible with or without cooperation. I do believe however, if it is as real as they say it is why would you not want the exposure? As far as a timeline I cannot commit a specific date, this has taken longer than I thought but it surely won't be as long as developing the water heater....
It is usually submitted electronically, it could have been submitted and not yet recorded but yes I was expecting it today. I will call the company and see whats up and let you know on the board.
Savvy investors will figure this stock out soon enough when we get the pieces of the puzzle more established. Still in the incubation stage with new business direction, I would assume they have behind the scenes completed some more acquisitions or enhanced the ones they have. a GOOD Awareness campaign does timely PR's with substance, we shall see what happens. They may just come blasting out of the blocks........
I noticed your last 14 posts of which you only have fourteen posts all ask the same question on the boards posted on the stock, that's great but Due Diligence independent of others is important for your own interpretation and education when investing. Never rely on someone else when investing your money. Always do your own research as some posters exaggerate the facts and some are trying to discredit the stock to drive the pps down. I think MINE will be a great investment for me. What is the deal with the Stock Rock and Roll promotion back in May, every post you make ties in with them, I am not sure what your point is, could you explain?
You need to do some DD, this stock started out at .001 and has now been trading around .005. The company has new management, they are structuring the business model as a holding company in which they have added a retail business (Level 5). If you look at the website design it appears they will be adding more acquisitions. The current share structure is set up for fast pps growth. If you go to the recent filings you will find John Powers phone number. The 10K should be out today to give all the information you need for an informed decision on investing. IMO this is a stock that will take off very soon.
It's no big deal and I have done the same thing in the past that's why I now try to get it right the first time. Doesn't always happen but I try. It doesn't really matter but their may be more information in the 10-k.
No per the following:
The subject annual report, semi-annual report, transition report on Form 10-K, Form 20-F, Form 11-K, Form N-SAR or Form N-CSR, or portion thereof, will be filed on or before the fifteenth calendar day following the prescribed due date; or the subject quarterly report or transition report on Form 10-Q or subject distribution report on Form 10-D,or portion thereof, will be filed on or before the fifth calendar day following the prescribed due date; and
Go to: www.sec.gov/edgar/searchedgar/companysearch.html
Enter Minerco and you will get all the previous company filings. The company is submitting their 10-K as noted on their extension request.
(Check one): Form 10-K x Form 20-F o Form 11-K o Form 10-Q o Form 10-D o Form N-SAR o Form N-CSR o
I agree, 10K not filed yet should be out today.
jonblair77, I am so loaded up I believe in a diversified portfolio otherwise I would try to control half of the float, we will see how many shares are in the float after the 10K, max would be around 25 - 30ml, since this has not traded well until lately I believe some old note holders got out. All said and done it will still be a low float and share structure that is set up for a good move upward with follow through from the company.
Very soon anything under a penny will be a fantastic investment. I will re-post this in 60 days just for shi## and giggles. NJMO
At these levels I would be averaging up...LOL
We should see the 10-K filed today or tomorrow as the filing deadline is the 15th.
Even if it gets hit it needs some mojo to maintain those levels even at this bargain share price. I am very patient and this gives me an opportunity to load up on some more shares but soon they need some stimulus for those "IMPATIENT INVESTORS' that just move on.