Winnemucca, NVRetired Geologist/Mining Engineer
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MM's sell the same shares over and over again trading them between various accounts that they control.
They can sell and buy the same shares multiple times during a trading day to create direction of the PPS whether they want it to go down or up without actually owning very many shares.
If you are a retail investor, it is difficult to do the same to control the price because of transaction fees and margin deposits.
There is absolutely no doubt that several MM;s are controlling the price of MINE through manipulation of ask prices and bid prices.
If you monitor L2 on a continual basis, you can watch them walk the price down by selling at the bid or below and then lowering the ask immediately. They then sell again at the bid or below and lower the ask price again. I have watched many, many times, but I don't know how to stop it.
I believe much of this is managed by computer assistance with triggers input by the MM's. They monitor the trading activity constantly on MINE and many other volatile stocks and when they see an opportunity to profit from a movement in price, they orchestrate that price.
It is illegal to manipulate stock prices in this way, but FINRA and the SEC seem oblivious to the practice except in a few of the most blatant and public cases where they enlist the help of retail shareholders through various social media and stock message boards.
Totally Untrue about possible downlisting. MINE is listed on the OTCQB and has been for a long time, even when it was trading in the trips.
MINE is a fully reporting company to the SEC and all filings have been within the SEC reporting guidelines for OTCQB since 2009.
I am tired of you guys posting lies and untrue information about this company.
Get off this board unless you have factual and constructive information to post.
As a long term investor in $MINE I think that we sometimes forget that as investors have a great deal of influence over the future of the direction of %MINE. Management listens and responds.
We know where they are going and we are going with then as well.
I believe 5 business days. I expect the 10-Q on Monday the 23rd. Probably after market close.
Linedrive. That is exactly what I am saying. I have been invested and following Minerco since 2010 and I have read every SEC Filing and PR. I have been following ihub for about a year, but my perception of Minerco and my decisions are based on very extensive DD, analysis and my own interpretation of all the information available.
I believe many others on this board do the same, but it is obvious that many posters on this board have not thourghly analyzed the progress Minerco has made since their change of direction from green energy in Honduras to Level 5 beverage and Vitamin-Fizz.
Thanks float. Unfortunately many don't read and understand.
JMANTIN Decision making is something everyone must do on a daily basis and many people including investors and stock market players do not understand their own decision making process.
I learned many years ago what was important in my decision making process, whether I had weeks, days, hours or just a few seconds to make a decision.
I always like to have as much analytical information available as possible before making a decision, but when the decision must be made, I have learned that my intuition always rules, and is almost always correct.
I have a great deal of analytical information on Minerco, as much or more than most on this board, and make a daily decision to buy more, sell some or hold my shares of $MINE.
My analytical information and my intuition continue to tell me that $MINE is still a GREAT investment and even though I could sell today for a 1000% return. my intuition tells me there is another 1000% return available to me if I continue to hold.
My first work phone number in Nevada was Dunphy #1. I guess that makes me really old.
I have also been invested in $MINE longer than most posters here. Still holding 4,200,000 shares, most of them at 0.0010-0.0016.
I have really had to be patient and my patience has been tried many times, but I am still a strong believer in $MINE and the management team. We are on the verge of major news about distribution of Vitamin Fizz and Coffee Boost. Revenue and share price will follow for those who continue to hold for the big gains to come.
SS1 Increase my total to 4,160,000 shares
This long has no intention of leaving. $MINE's management has always followed through with their business plan and made announcements after a significant event in their business plan has been accomplished.
My advice is to hold your shares and buy more if you can.
Product rollout, advertising and major revenues are coming along with a huge increase in share price.
SS1 Updated share count 4,100,000
I love $MINE also, especially since Scott Vanis changed the company's direction from green energy to specialty beverage.
He has kept the company alive for months and months, even at the expense of toxic convertible notes, until the time that he was able to develop the relationships that led to Level 5 Beverage and improved financing for future development.
Minerco has continued to develop those relationships and execute a business plan that will realize steadily improving sales, profits and shareholder value.
Disclosure.
I am a long term investor since 2010. Have added shares as opportunity and funds have been matched up. Have sold a few shares when I needed to but still holding 4,070,000 shares for the long term.
StockScout. We both know our DD on $MINE is as complete as possible and no one has more complete information on $MINE.
All of that research just continues support your opinion and my opinion and the opinion of multitudes of investors that Minerco is well on its way to executing the next stage of the business plan which will bring Level 5 Beverage into the mainstream of alternative beverage business with the COFFEE BOOST, VITAMIN-FIZZ and other products being distributed on broad regional and very soon national distribution through the business partners which $MINE has aligned with including POWERBRANDS and other giants in the industry.
I have been comfortable without hourly or daily monitoring of $MINE's stock price because I know that days, weeks, months and years from now, my investment in $MINE will still be generating great and even life changing returns.
TGY
StockScout Update my total to 4,070,000. Buying more as funds are available.
StockScout. Adjust my total to 4,030,000 shares of $MINE.
That was a copy of a post from buybio2 from August of 2013. She was the one who made the comparisons and quoted the numbers. I just reposted it in light of her recent posts about $MINE.
Thanks. I hope some other new investors will read what she was saying just a few months ago.
Updated Total 4,030,000 shares
I agree. Vitamin Fizz, Coffee Boost and Rise in all 50 states is the future of Level 5 Beverage and $MINE.
Thanks Future
Thanks. Very confident here. It has taken a lot more than patience to stay with $MINE. I have done so much DD that my eyes are blurry from reading and digesting SEC filings and PR's and then putting every thing into context and in easy to understand formats.
I don't read much of the garbage some of the bashers post, but try to understand what traders and investors are doing and their reasons for doing what they do.
I am very clear on my assessment of $MINE and where it is going. I wish everyone contemplating investment in $MINE would take the time to read and understand the DD that so many investors in $MINE have researched and posted here.
Observations re $MINE activity on the 28th and 29th.
For Investors and potential investors. This is a very long post, so if you want to know my observations, then please continue.
Disclosure:
I am a MINE long since 2010. I added shares during 2013 and 2014 at prices in the $0.0010-$0.0015 range and still owned a total of 4,500,000 shares before trading began on the 28th. I sold 480,000 shares on the 28th at $0.032-0.0345 to insure that my original investment was recovered at triple my total investment. I did not sell any shares during the last major retracement and I did sell any shares on the 29th. I have no plans to sell any of my remaining shares until such time as Minerco and Level 5 Beverage fully develop and execute their business plan.
Observations on CC:
1.) No R/S planned. No plan or necessity for R/S at the present time or in the near term. Might be possible at some point in the long term future in order for Minerco to qualify for up-listing to another exchange.
2.) Debt. Most convertible note holders have cooperated with debt restructure and most toxic debt cleared by payment or restructuring with exception of JMJ Financial. JMJ not cooperating, but Minerco working to find a solution to eliminate JMJ Financial. Minerco in a position to move forward with more conventional financing without the toxic convertible notes. I believe we will see additional positive news and information on Minerco’s debt and financing in the near future. I believe these announcements will come within the next 5-30 days.
3.) Product Development. Development of the Rise and Coffee Boost products are complete with test marketing done and initial production runs sold out. I have bought both products on Amazon twice and really like both products. Rise and Coffee Boost will soon be available within the next 60-90 days with the new formulations and flavors. Vitamin-Fizz on track to become the leading product line within the Level 5 Beverage group with multiple packaging options including cans, bottles and other broad packaging options. Vitamin-Fizz product range and packaging in Darin Ezra’s words will be the best that Power Brands has developed. Vitamin-Fizz has the potential to become a Billion Dollar business on it’s own. THC, “The Herbal Collection” is just what everyone assumed. Final negotiations and due diligence are nearing completion with a privately owned Denver based company with an already developed list of 10 products. I expect to hear news on the THC component of the Level 5 Beverage business within the next 30 days. Curves, Armour and Flex will probably be developed and marketed with specialty niche market partners.
4.) Product Rollout & Marketing. Vitamin-Fizz & Coffee Boost (all flavors) will be rolled out in the next 60-90 days in Southern California, Northern California, Arizona, Nevada and the Pacific Northwest. The Northeast US including New York and points North will follow. I believe that t these distribution arrangements for those regions are already in place. Power Brands already has national distributions arrangements with over 100,000 locations. I believe national distribution of Vitamin-Fizz and Coffee Boost will come very soon after the regional distribution is in place. Celebrity Endorsement negotiations are underway and I expect an agreement will be announced within 90 days. There was not much discussion of the RISE product during the conference call.
5.) Production & Revenues. Darin Ezra mentioned that 250,000 cans of Vitamin-Fizz has already been produced but that the initial focus would be on plastic bottles and he mentioned those production runs would be in the millions, and possibly in the 10’s of millions. With regional distribution, Revenues for Level 5 Beverage for 2014 are expected to be 7 figures (that range could be ($1,000,000 to $9,000,000). Revenues for 2015 are expected to be in 8 figures (that range could be ($10,000,000-$99,000,000). With national distribution, those numbers could increase exponentially.
6.) Challenges. The obvious challenge is financing to fund the major production, distribution and advertising for the initial major product rollout. From the discussions in the conference call, I believe this financing has been or is very close to being finalized. Once production and distribution is ongoing on a regular basis, cash flow from sales should be more than adequate to fund ongoing and expanded production, distribution and distribution.
Observations on Trading Activity on the 29th
1.) What surprised me the most was the timing of the sell-off which began at or slightly before the actual beginning of the conference call. It appeared to me to be an orchestrated effort to bring the price down by traders who were in Minerco for short term profit opportunities through day trading or shorting and was then followed by panic selling by shareholders trying to preserve gains or who were not clear on the potential that Minerco offers to long term shareholders.
2.) None of trading during the conference call seemed to reflect actual information discussed during the conference call and the price began to recover and stabilize after the call was over. Investors and traders realized there was an opportunity to add to their position or re-enter as a shareholder at a very attractive price.
3.) I believe the price attacks will continue until such time that Minerco releases additional significant information regarding the continued development and execution of the business plan including the following information.
a) Debt restructuring and financing
b) Vitamin-Fizz & Coffee Boost rollout on regional scale.
c) Completion of agreement with Denver company for THC product line
d) Revenue and profit results (QE 04/30/14 will not show much in revenue) Key results will be for the QE 07/31/14 which should show early results from the Vitamin-Fizz and Coffee Boost rollout.
e) National distribution for Vitamin-Fizz and Coffee Boost in over 100,000 locations.
My Conclusions:
I still believe Scott Vanis, John Powers, Darin Ezra and the “giants who are no longer in the shadows” will develop the Level 5 Beverage Company into a big time money making machine in the beverage industry. That means revenues, profits and shareholder value. I am still holding long and expect to continue to do so.
Updated Share Count
4,020,000 shares
StockScout Please update my share count to 4.5 million
My last two cents worth for the night.
Or twenty cents worth. Or two dollars worth.
I know where I came from.
I know where I have been and how I got there.
I know where MINE is going and how we are going to get there.
That tells me where I am going and if anyone wants to go with me, then get on board!
Had to reword my last two posts about Minerco as well. They were considered "off topic" as well. Take a look at the new posts and draw your own conclusions.
I have a lot of history here. See mu response to newoons post.
I bought into Minerco in 2010 because of the green energy play. Considered it a bad investment in 2011 because of the licensing issues and inability to raise the major funds required for construction of the generating facilities.
However, I did not have that much invested so I held my shares just in case something developed.
I did not see much happen until late 2012 and early 2013 when there was a management change and a redirection of the focus from green energy to the Level 5 Beverage business.
I believe Scott Vanis, John Powers and Eric Cousens all had a role in the new direction of Minerco. It is unclear who did what, but it is clear that Scott Vanis has played the primary role in redirecting and restructuring Minerco.
As I have said in earlier posts, I have monitored the change in MINE and its new direction and all of the developments with Power Brands and other developments.
I believe that Minerco, with leadership from Scott Vanis and John Powers with the guidance of Darin Ezra and the Redbull founders will achieve major market penetration with a broad range of product offerings in to a national network distribution network.
I think we should all look forward
MINE and its investors are ready to move forward.
To all MINE Investors:
Excerpt from my previous post:
"I have managed both corporate businesses and my own business. I have always planned the future of the business, but I did run into roadblocks and obstacles which had to be overcome in order to move forward. We always found a way over or around those obstacles and always found our way ahead. MINE is doing the same and should be applauded for their success in doing so
It is a good thing my company was not a publicly traded company, because everyone I dealt with wanted me to succeed. No one ever rooted for our company to fail. It was always in their best interest for us to succeed."
Thanks penny. Sometimes I get too emotional and everyone does not get to see all of my posts. Hopefully this one survives.
To traders/investors and potential investors who are new to MINE.
Some posters here have questioned the motivation of MINE's management and investors who believe this company is making major strides in developing a new and exciting group of products. / I know that is normal for every investor, and I understand their concern.
However, a lot of questions and challenges have been raised without support of documentation regarding those claims.
I have been invested in MINE since 2010 and have tracked every development through the SEC filings and press releases.
I know the details of every debt incurred, what MINE did with the money, and every share issued to debt holders and MINE's management.
I can verify everything that I have said with public documents.
Every company with a new product struggles at times and borrows money from whatever sources it can to survive and keep the development going. No one will argue that some of MINE's financing was of a toxic nature, but that financing allowed the old Minerco to survive until the new business plan was developed.
And now that financing has changed and that change has not been acknowledged by some posters here who have not done sufficient DD
Thanks MOMO. I am tired of allegations without support. I know where we are and can support MINE's position with documents.
Thanks staynafloat. It has been a long wait, but it will be worth it.
Bought my 1st shares in Minerco in July, 2010. Added some in 2011. Started adding regularly in March 2013 and just kept adding for the last year. So I have been waiting for a long time as well.
After the 150-1 reverse split, my average cost was $1.1394/share. Added a lot of cheap shares and sold some of the expensive shares at a loss to offset gains in some other stocks.
Still holding 4.5 million cheap shares, currently averaged at 0.0015. Looking forward to this week and the coming months and years.
I am following Level 5 on twitter. One of the first of 2000 followers.
Agree-Tired of seeing his self promotion
MINE 10-Q & 10-K Filing Schedule
Minerco Fiscal Year Ends on 07/31
Minerco is a non accelerated filer and the SEC filing schedule is as follows:
"Non-Accelerated Filers
Form 10-K 90 days after end of fiscal year end
NT 10-K Due on the business day after the 10-K due date.
Late 10-K After filing an NT 10-K, the deadline for the 10-K is extended 15 calendar days from the actual due date.
Form 10-Q 45 days after end of quarter end
NT 10-Q Due on the business day after the 10-Q due date.
Late 10-Q After filing an NT 10-Q, the deadline for the 10-Q is extended five calendar days from the actual due date."
Fiscal Year Ending 07/31/13
NT 10-K filed 10/29/13
10-K filed 11/13/13
Quarter Ending 10/31/13
NT 10-Q filed 12/13/13
10-Q filed 12/23/13
Quarter Ending 01/31/14
NT 10-K filed by mistake on 03/17/14
NT 10Q filed on 03/17/14
10-Q filed on 03/24/14
Quarter Ending 04/30/14
10-Q due 06/16/14 (14th is a Sunday)
NT 10-Q due 06/17/14
Late 10-Q due 06/23/14 (21st is a Saturday
Fiscal Year Ending 07/31/14
10-K due 10/29/14
NT-10-K due 10/30/14
Late 10-K due 11/13/14
This is my interpretation of the filing rules and dates. If this interpretation is not correct, then please post an updated schedule.
In my opinion, there is no 10-K due in April.
Done for tonight. Looking forward to tomorrow.
GLTA
Yes they used the 10-K cover page but everything in the filing refers to the 10-Q for the quarter ending 01/31/14
The NT 10-K form filed states NT 10-K on the cover page, but the 10-Q box is checked on the form and the narrative in the form says the 10-Q will be late.