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Just look at his dumb@$$ decision to put it in Mo Brew in KC. $5 per bottle vs $4 Red Bull. Bet they made a killing on that.
Vanis is not the sharpest person in the room and he does not care about the shareholders. He never delivers on his promises.
If he couldn't pay his taxes and mortgage how do you think he is going to come up with $500K to loan the company? He didn't. He can't manage his own personal finances what makes you think he can manage a business?
Not a good read. Just fluff trying to keep investors interested to start the dilution process again. Horrible acquisition, but it was the only way Vanis could come up with to get Fizz in a few stores.
Straight from the conference call transcript
Operator: Thank you. Our next question from online is, what products appear most promising and will be advertised first?
V. Scott Vanis: Darin, I'll let you take that one.
Darin Ezra: Well, that is—I think we've answered that extensively already. VitaminFizz is not only the product we feel is the most promising for Level 5 Beverage Company, but internally to Power Brands with many, many other brands under management, as well as dozens of brands under development. VitaminFizz is—we feel is the most promising brand we've handled for a long time period.
Harris County Records
201034208- 7
Disposed (Final) REMINGTON MUNICIPAL UTILITY DISTRICT # 1 vs.
VANIS, V SCOTT 6/2/2010 270 Civil Tax Delinquency
Vanis never loaned the company money. He is broke. Can't even pay his personal taxes.
Vitamin Fizz was supposed to be the workhorse. That is why coffee boost was put on the shelf. Vanis will come up with another snake oil scam to attract new investors then more dilution to cover his salary.
New major player entering the sparkling water arena nationwide. This could crush Vitamin Fizz. Sales for $1 per bottle.
Starting in California and most Krogers throughout the country.
http://www.statewidebevco.com/sparkling-white-grape-welchs-essence/
http://thekrazycouponlady.com/2016/03/18/free-welchs-essence-flavored-sparkling-water-at-kroger/
The beverage market is extremely competitive. The distributors that control this market get paid by the big brands to crush companies like this. Vanis knew this when he acquire Azavar. His attempt to pay himself. They can't compete and that's why they have a negative cashflow. This company will die by the end of the year.
That is there job. Wait until next week and you buy at .01X. Poor financials coming and dilution to pay for salaries past due bills.
New lows next week. Financials will horrible. Sales will be down. Salaries and overhead draining this company dry. Vanis never comes through. He is only in it to line his pockets with investors money.
There will be no revs. Company is bleeding out and Vanis is still getting paid. He needs to go.
Vanis is milking shareholders. Losing our investment and he's lining his pockets.
http://www1.salary.com/V-Scott-Vanis-Salary-Bonus-Stock-Options-for-MINERCO-INC.html
Vanis has to sale more share and continue to dilute. Company losing $500K+ per month.
Only thing in the works in more dilution. Vanis always throws out a little PR to get the price to pop and then he dilutes. Company is losing $300K per month and has no cash, no successful products and is trying to compete with the big boys. People are catching on. This will only end in disaster. The writing is on the wall. Vanis is fleecing investors.
Don't forget how Vanis pumped Coffee Boost. Look where it is now.
New PR. Now more dilution. Down it goes. Happens every time.
The reason no one has filed a lawsuit is because MINE has no money to pay a judgement and they would be throwing good money away on something that will end up in bankruptcy.
Wait until Vanis starts diluting again and you can by sub penny.
Uplist will never happen. Just lies to try and draw unexpecting victims. Vanis and SS1 are not credible.
Sub penny before the end of the year. Financials will prove huge losses. Sales falling and product sitting on shelves and warehouses.
Or one CEO that doesn't know what he is doing to bankrupt a company. I take that back. He knows what he is doing. Stealing from investors.
Should be expect to pay the CEO over $200K at this stage of the game?
Vanis probably moving his kids trust shares to preferred stock. He always screws the common shareholders Always!!
Its already started
Additional 215M authorized unrestricted shares for dilution. That will hurt.
No insiders are buying common stock or we would see a Form 4. They know better than to buy common shares.
You have been drinking SS1's coolaid.
Sub penny coming by end of year. Financials and dilutions will drive this down. Ship is sinking
Not true
on 11K shares. Big deal. Wait for the dilution
Then Scott has 215M to dilute. Its coming
Authorized shares are now at 250M. Up 215M from 35M
"Follow the Money" Loss of another 20% Someone flush this turd before more get hurt.
We are not going to get a "work horse". With no cash we will probably get another dry cow.
How do you steal a company from investors? Go back to June 6, 2014. Convert all friendly debt to Preferred stock t take 51% control of the company, then dilute common stock. Raise your salary to $224,000 per year and make terrible financial decisions to deteriorate value. R/S and only lower A/S share to 250M while current stockholders equity is reduced to 35M. Dilute again.
You mean "If it gets back in the game". Every other product has been put on the back shelf.
No facts
16.9 fl. oz.
Naturally flavored sparkling water beverage with nutrients + other natural flavors. Zero calorie. 0 calories per bottle. Contains no juice.
Ingredients
Carbonated Water, Less than 0.5% of: Citric Acid, Magnesium Sulfate, Natural Flavors, Sucralose, Potassium Sorbate and Potassium Benzoate (to Protect Taste), Zinc Gluconate, Calcium Disodium EDTA (to Protect Color), Vitamin B5 Calcium Pantothenate), Vitamin B6 Pyridoxine Hydrochloride), Green Tea Powder, Guarana Seed Extract, Red 40, Blue 1.