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Nice find. Welcome to the swamp that is ihub. I figured merger documents were out there somewhere.
Been a while since i did deep DD on any company. My personal experience over the last 3 years has shown me that anything more than 10 mins is a waste.
I like the SS here among other things. Waiting for the dust to settle.
Giving you a Follow. 2 posts into the swamp, waters fine just keep a tight hold on you're wallet and you will be ok.
Both of these tickers are new to me. I stumbled across them and gave a courtesy look at ibgh. Once I saw that ubli has not filed in a while i quit looking at that one.
ibgh has added about 110 milly to the OS in the last month. Probably due to the merger. Something is going on here I just wish I'd of followed my gut and bought .01 earlier in the week but i stepped away for an hour and missed the run up. At these levels i'll watch and wait. Love the SS of both. On my radar for sure.
At the moment they share the same CEO who is actually just an Attorney/ custodian of the shell. She brought this one back to life.
Maybe ubli will be next. Nice SS over there, low float. Should move fast if they come back to life and start filing.
NITE driving the bus today so far. Watching for an entry.
Geeze. Waited for amateur hour to finish before buying. Took a shower and came back only to see that I missed it. O well.
Still a lot of info to come out that can push this. GLTA
Worth reading. http://www.otcmarkets.com/financialReportViewer?symbol=IBGH&id=185664
Yes they did merge with a North Carolina company. https://www.sosnc.gov/online_services/search/Business_Registration_Results
Very fresh and filed or at least posted on a Sunday too. Here is the OTC link that shows tier changes. Not a bad idea to check this link daily just to see what tickers are coming back to life or are on the move.
http://www.otcmarkets.com/market-activity/otc-tier-changes
Looking at the filings posted to OTC yesterday Angela is the Attorney. https://www.otcmarkets.com/financialReportViewer?symbol=IBGH&id=185665
I am not an expert but looks like they just need to file an Attorney letter to verify the filings and then the Stop sign will come down.
Low volume and peeps getting out/ taking profit before holiday. Volume will come back and QMKR will still be here.
Does not take much to move this either way.
Not a bad entry. I got in at .19 months ago. Should of sold at a dollar.
It's a clean shell with a good SS. Just went current and 2 years of PCOB audits. Everything is coming together. Just need to acquire a business.
I wish VDMN would get off the ask. They are like a wet blanket sitting there.
I would say news came early this morning. It's on page 4 OTC news.
The company profile description is new compared to their existing profile on OTC.
This thing moves on air just like it did in the past.
I'll take a shot at this but please get a second opinion.
If you sell this year than yes it can be a loss on your 2017 returns. I think the max is 3 k per year.
However if you sell for a loss and then buy another stock in the same category with in 30 days then that could make it a Wash Sale too.
I would call my broker and tax person if you are selling a lot of shares to be sure.
I might average down a little for kicks and then flip some. My .015 adv ain't looking so hot. Been watching lately, it's a slow flip but do able. Belissima has been busy on fb and i expect that to continue through the Holidays.
"Push it, Push it real good "
Probably. They still make money selling trip 1 because they were worth Quad 0's when issued.
I'm sure there will be some clarity in the Q 1 report.
Q1 is late. Yield sign back up. Does that mean they can't dilute for a minute? I forget.
ONE Billion Shares added to the OS in Q 1.
Guess they are paying the old bills before going forward.
Things are good here. Looking for a new play. So far BYOC looks pretty clean as seen in last months trading volume.
33% of trades went through ETRF. 31 % NITE and 27% CDEL. Not a bad guy in the box.
http://otce.finra.org/MonthlyShareVolume
Anybody know the current OS ? Is TA gagged ?
Any shares out there can not convert until Co. is current in filings.
Got this on watch this week to grab a small starter.
Looks like they have done nothing and have not filed in 4 years.
This post might help. http://investorshub.advfn.com/boards/read_msg.aspx?message_id=135962900
Hey bud, been awhile. You like this one ? Obviously I could use a winner.
Yes they can. ICNB did it in 2015 and MINE did it last year. Both trading OTC. However I hear it is quite the feet to get back into SEC once you de register.
Funny there Q. I remember when you came on board and loved this stock. Now you have a better grip on reality.
Speaking of reality... ummmm this is not wine selling season. we need to get on some planograms in major stores . 2017 is the building year. 2018 is rock and roll.
Cheers yall.
Yall have fun over here.Waiting for bottom which we might have hit.
Play the Cult Stocks. Ya see this is / was one and so was MIN*
So you got your die hard longs an then your players. Fun game if you pony up and play it. I suck at it for now, big reason i am on the sidelines watching.Still fun, Cheers
Not me. However I did notice that Vitamin Fizz is supposed to make a comeback. MIN* best dang mixer for vodka i ever had. Fact, I've been drinking bourbon on the rocks ever since VF was not available.
Going to remind my local grocer tomorrow to order in some Bellissima here in Va. now that the license is good.
As for MIN * ,,,, well i'm down 30 k over there so i am watching. Actually could care less about the stock.... Just get the Fizz back out on amazon and i'll be happy. Really tasty, blows Sparkling Ice out of the water.
Yeh... after my love affair with MIN * , i only tossed out a few bucks here at icnb. Glad i did. More money for Gas in the boat. Cheers.
Any one else notice the 5 and 6 digit trades during the day ? Usually a little 10,000 shares teaser followed by a 200,000 slap at the bid.
I believe thats our little 10 % of daily volume handled by the independent broker. VNDM is barely in the box, although they did account for a little over 8 % of trades last month. http://otce.finra.org/MonthlyShareVolume
They are going to sell their 10% dang near everyday through multiple MM,s and thats a fact.
Notice there is not much dumping in the last 30 minutes of the day ? Sometimes the last hour. Yeh it's because they want to let it finish organically.
Only got about 1,500 tied up in this mostly because i am broke at a .015 adv.
I quit doing deep DD on any OTC stocks. After 3 years of playing i realized it just does not matter. 5 to 10 minutes tops to check the basics like licenses. Then move on. Through the charts out the window as they all dilute.
Have not heard from my FLA friends on the West Coast in a few hours. They are all old seasoned pros and boaters. Looks like they will be ok. Cheers
Love it here on the east coast of Va. 4 equal seasons. 8 months of boating if you are hard core. 6 months if not. Bout the time you are tired of the season it changes. Carolinas are nice too.
O/S is climbing while A/S is the same. Something has got to give and at this sp it is likely to be sooner than later.
Not a good sign when BMIC and VNDM make up 25% of all trades for the month of July. July numbers posted today. I'll wait for the Knife to stop falling before adding anymore.
http://otce.finra.org/MonthlyShareVolume
Best news of the day.
Available in Va and Md. Could care less about DC but still a good thing.
I'll put an order in with my favorite bar/liquor store in Md. on the river.
Common Stock Dark or Defunct
Pink No Information
0.00120.0002 (14.29%) at 14:02:28 EST
Real-Time Best Bid & Ask0.0011 / 0.0013 (1 x 1)Why is size 1?
OTC Disclosure & News Service
No news items have been posted for MINE
< Back
Minerco, Inc.'s Chairman & CEO Issues Letter to Shareholders
HOUSTON, TX / ACCESSWIRE / July 19, 2017 / Minerco, Inc. (OTC PINK: MINE), a cutting-edge brand management company specializing in the development of beverage related ancillary brands, issued a letter to its shareholders from Chairman & CEO, V. Scott Vanis today. The letter follows:
Dear Shareholders,
I would like to start by offering my sincerest apologies for our lack of communication since last year. I take full responsibility for the sudden cease of information flowing from the company. While this lack of communication was uncomfortable, even painful, it was necessary to take back control of our company. As CEO, my responsibility is to look out for the best interests of the company, which in turn, leads to growing shareholder value, even when the decisions are unpopular. We finally get to grow Minerco on our (all shareholder's) terms, not on the terms of the bankers or others not sharing our goals and vision.
To back up my apology, I have returned my value driven equity in Minerco (Preferred earned contractually and Common purchased in open market) to the company (and its shareholders) to start anew. In addition, while I have never taken a salary check from Minerco, I have returned all my accrued fiscal year (FY) 2017 (8/1/2016 - 7/31/2017) compensation. This is my attempt to "put my money where my mouth is."
Business Model
After careful, critical, and thorough analysis, the management team was able to solidify a reinvigorated and focused business model that highlights our many strengths, while mitigating our weaknesses. As the saying goes, "The most important thing we know is what we don't know." Minerco will now plug knowledge gaps by heavily relying on full time, in house experts to move our brands and business lines forward. The people running our brands and subsidiaries will be proven experts or even founders of the brands, or similar.
In line with our streamlined model, we unloaded the pieces of our business straining our cash position and/or having unreasonable capital requirements. The heart of our existing business was and is our brands, VitaminFIZZ® and The Herbal Collection™. Neither brand was included in the divestiture, and both brands are still 100 percent owned by Minerco. As we move our model forward, our brands will be at the forefront.
We plan to supplement the beverage brands with a sister subsidiary focusing on branding exposure, placement, and entertainment media. In line with our focused model, we plan to acquire an existing enterprise which complements our strengths, while voiding our identified weaknesses.
We used the quiet period to not only reflect and reshape our business model, but also to engage in discussions with similar and dissimilar brands, with beverage and marketing experts, and explore ancillary business lines. While not surprising, we found countless brands, groups, and companies looking for the proper partner(s) to supply the missing piece(s) to truly achieve our goals. While our pieces do not fit in some of their puzzles, and even fewer have the pieces we require to complete our puzzle, we have identified multiple potential partners to comprehensively grow our respective businesses.
Notable Events
While we were not actively communicating with the market, Minerco was active in the growth and streamlining of our business. The recently filed Form 8-K detailed most of these events. The most notable highlights and anticipated milestones include:
- Our subsidiary, Athena Brands, Inc., was completely divested, including our majority interest in Avanzar Sales & Distribution. The transaction was effective as of July 2016, and closed in 2017. Avanzar was depleting our resources at an unsustainable rate and, as the saying goes, "we needed to stop the bleeding." Save for VitaminFIZZ and The Herbal Collection, all other brands were included in the divestiture or returned to the original owners. This divestiture reduced our operating costs by almost $100,000 per month and relieved our debt load by approximately $2,000.000.
- Since we were out of regulatory filing compliance, our financial partners were not able to participate in our market. This pause allowed us to squeeze and reinvigorate our model while our financial partners evaluated their options. We have consolidated, renegotiated, or come up with other agreements with them to rightly return control of Minerco to its shareholders. More on these details in upcoming communications.
- All company management has returned all their non-voting equity to the company, including all earned and purchased Preferred Class "B" and "C" stock and common stock.
- We will be completely catching up our financials and associated disclosures in the coming days and weeks. We will be listed as OTC Current after these required disclosures are filed.
- We are evaluating a strategic acquisition that perfectly complements our existing business. The acquisition is anticipated to be a cashless transaction, and, when closed, will be operated by its founding experts. This transaction is the main reason for our recent increase in authorized shares.
- As the new leaders of our business come up to speed on the public aspects of Minerco, I will oversee the transition and ensure continuity. Once the transition is complete, I plan to entrust our company in the capable hands to our new business leaders.
- While the expected cashless transaction(s) will increase our issued and outstanding shares, these shares will be restricted and not free trading. We do not foresee many more increases since we were able to sideline our bankers and our operating expenses have been significantly reduced.
While a few things have changed, the goal is still the same. We evolve, we adapt, we grow: that's business, that's life. We have the opportunity to continue to grow our solidly streamlined company on equal and fair terms. We leveraged time for control, exchanged following for leading, and traded taking orders for giving commands. Now we get to build, grow, and chase our/your vision. The result will be a function of many variables, but ultimately, the result will depend on our ability to work together as a team, a team of shareholders with one main goal: building our company and shareholder value.
As we endeavor down the leaner, stronger Minerco road together, I will strive to communicate with you in an efficient and timely manner. To our shareholders, I thank you for your loyalty, patience, and shared vision. We will not always be correct, we will face challenges and obstacles; but together, we can overcome the challenges, and we will never quit striving to build value for your company. Our company.
As always, and especially in this moment, thank you for the opportunity to lead your company!
Sincerely,
Chairman & CEO, V. Scott Vanis
Minerco, Inc. (OTC PINK: MINE)
Missed the 15's but got my 14's.
Yep, they moved 1.1 billion shares in May ranked 51 of top 100 to 5x that in June ranked 3rd of top 100. I'd say they are pouring gas on the fire now.
About 5.5 billion traded last month. BMIC handled just over 2 billion of those or about 40% of all trades.
Fantastic !!!
http://otce.finra.org/MSTop100Issues
Soooo, DKTS is dust in the wind ?
Funny but not that long ago DKTS was the Bees Knees. Investors in DKTS were to benefit from the increasing sales of Besado too.
Well... He did update the officer list with Nev SOS on 6/22/17
http://nvsos.gov/sosentitysearch/corpActions.aspx?lx8nvq=Aua78r1eXTUTUEddYrISXg%253d%253d&CorpName=MINERCO%2c+INC.
Now just waiting to see if he renews the business license there.Fees are cheap, less than 1k.
Just saw an add for Airborne Wireless Network (ABWN)on Fox Business News. Been seeing them everyday for over a month.
No mention of the ticker or that it is a publicly traded company.
It's been declining since late March. Something must be wrong over there.
Just sayin
Looks like this ticker was "Promo d " Friday.
http://www.theotc.today/
Ok... Last one.
I don't think this a share selling scheme and no "Honey " it's not dilution that is keeping this down. Problem is this is the real deal and the Market is rarely wrong so it is priced a little low but not Hype Driven. So the hype driven frenzy has passed at .03 Now it's down to reality and straight up business. That's reality.
I'm done. Post Toasty, nighty night.
I will admit the 51 % that Iconic owns has me a little leary. Ya see it's just enough to write off and funnel and fund the product. Question is how much is the other 49% getting ?
I'm hearing a lot of talk but yet no input from anyone who knows the ins and outs of Wine sales, Wine season or the top selling months for wine. Don't look at me as i am guilty as charged.
So givin that they harvest in late September early October ( source is LaJara fb page ) ummm and CB did not come on board till after that and Rich has been pounding the pavement ever since to where this is in at least 30 states legally in about 6 months. Pretty impressive.
Sooooo, I'm going to go with a few short posts rather than a Novel to ease the short attention span here.
I'm not jumping out the window if this closes less than a penny.( Fact i am putting bids in less than that). Ya see 30 days ain't that long and although things are falling into place along the trail to greatness there is still more row to hoe for and up list.
Bingo and always enjoy your post captain.The price is about right considering the handful of major cities and availability. The last roll out I was in they said National by year 3. Well this is wine and not flavored water so it could be different.
This thing is at the beginning of a trail and off to a good start. Cornerstones are being laid and that is key to a strong foundation and success.
And one from you darlin. It's through back thursday around here.
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=105374980