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What about the statement where Vanis said they had to do an emergency production run in order to fill a 'game changing' account, but he couldn't tell us the name of the account?
This was a few months ago, and if they produced those bottles way back then, wouldn't we have heard of it by now..
The more I reflect on this, the more I see how misleading Vanis really has been.. Just a pumper here in the OTC, and his pumps have yet to work either..
To uplist there is a $4 dollar pps minimum..
35,000,000 (OS) x $4 is a $140,000,000 market cap..
No company with negative cash flow could ever uplist with such an unbelievable Market Cap, and I am being ultra conservative..
This board has to cool it with the fairytales and unicorns..
yes....
MINE has to go to .80 for me to break even... .10 to .80 is a monster move too..
Sadly, I have to agree with you. When I reflect back on this year and all that Vanis has said, it turns out it was all pumping.
1. Returning Shares to Treasury. For what reason other than a pump?
2. 'The next few months will pale in comparison."
3. 'The new goal is to uplist to a major exchange.'
a) How can a company with negative cash flow uplist to a major exchange?
4. The biggest pump was when Vanis announced they were done with 'toxic financing' but yet had no other choice but to dilute the stock.
5. Vitamin Creamer and 10 sku's will be on the shelf by Spring.
6. Targeted follow up in Florida.
7. We are going to the UK, and we haven't heard one update since.
***8.. This is one that really worries me.. Vanis said a few months ago that they had to go into an emergency production run in order to supply a new 'game changing' account, but they couldn't tell us what it was.. If the bottles were made a few months ago, where are they?
I was a hardcore MINEr at one point, but if I am honest this thing has taken a turn, and it is so obscured by minimal and forward looking statements that it is hard to tell what is going on..
Bottom line is that FIZZ isn't making the money that they thought it was.. Minerco gets fractional profits from its sales, and with dozens of identical brands on the shelves sales must be slow.
Yes, Yes, I agree it tastes good, but that doesn't matter at this point when Coke, Pepsi, and other companies have identical products on the shelves.
At 80% or more down, my money is gone and I have no choice but to just watch and wait to see how this thing plays out..
I am just telling the truth.. I see too many posts saying we are going to run 1500%, floats locked up, buy these cheapies, everything is okay, fizz is the best, and so on..
I am here too, but those fairytales are long gone, and in retrospect Vanis has been just a big Pumper. Look at the language he has been using in his PRs, it is nothing tangible..
We are all in the dark, and it is honeslty going to take a miracle. On the CC they said FIZZ would do the 'Heavy Lifting,' but it isn't making money.. The shelves are saturated with identical brands, and the ownership is so convaluted that it makes it much harder for FIZZ to be profitable..
So, they now have a new 'work horse' and none of us know what it is, or if it even exists.. Could be just another Vanis Pump.
Best of luck to all of us, and lets hope Vanis can pull off a Hail Marry..
Haven't you watched the past two years? Isn't this exactly what it has done? Very few big money investors are going to put money into a penny stock that has negative cash flow..
I am here sweating with you guys, but as I have told you for months.. It is time for this board to face reality.. Have a realistic outlook, enough posters spread the unicorns and fairytales, when the quarterly reports are painting a much different picture..
I can only base my opinions on facts and past performance.. Hopefully the next few months begin to paint a different picture..
I know the truth and a dose of realism can be hard to take..
Fingers crossed..
Sadly, this stock is only going to move up on hype, and then come back down until big revenues are realized.. Which is a long way off yet. This has been its Mode of Operation the past two years..
MINErs...
I am honsetly not sure what to make of this company anymore.. Over the course of the two years that I have been here, I have realized that things change, and it is a lot harder to launch a beverage than any of us expected..
After the reverse split it is going to make it all that much harder to just break even, and the MINE stock will continue to run on HYPE for the remainder of the year, if not well into next year, and as we all know sentiment is at record lows..
The kind of profits this company needs in order to attract REAL investors and upllist (if that is even possible) is a LONG ways off..
There is no denying that the Sparkling Water Brand is just insanely over saturated, and the Big Boys like Coke and Pepsi already own their versions of the product.. If your thinking and reasoning skills are based in reality, you will see that this is going to severly affect sales of VitaminFIZZ..
Yes, Fizz tastes good, but so does FruitWater, and its already owned by the Coca-Cola company.. As with any product it is most likely that the comapanies who are already established, and have the infrastructure and money will be the ones that succeed.
I hate to be a downer, but this has really taken a turn on us, and it seems MINE truly has become as pathetic as FITX in the scheme of things..
I don't know the validity of this, but this was in my ihub inbox:
Hello,
This is VanTrang Manges. For the avoidance of doubt, I would like to clarify that our company, Athena Brands, Inc., is a Delaware incorporated company unrelated in any way to Minerco Resources, Inc. and/or their affiliates.
Thanks,
VanTrang
To make a clear judgement on Minerco at this point I have to see what Miracle Scott Vanis has to save us.. It saddens me to say, and I apologize for all the DD I put out in the early days which may have persuaded some of you to buy this stock, but I am feeling that the days of getting rich on this stock are gone, and I would be thrilled to just break even..
Best to all of you, and fingers crossed..
Probably because it costs more money be listed there, and I the pps has to be above .01. In the end they are all OTC...
What are you talking about.. If they don't R/S they don't have the funds to continue operations..
I understand that it is hard to face the facts.. Everyone was sold on the pumps, the fairytales, people they thought they should look up to telling them that there is going to be 1500% gains..
It took me a long time to get past the rainbows and face reality.. I had to read that last Quarterly a few times until I understood what was really happening.
I think a big problem is that investors here still have the mindset that this is the 'Pot Rush of 2014' which broght an incredible amount of New Money to the OTC, and then when you mix that with new characters like The Wolf, and all the other Twitter hype.. We saw HEMP run to .30, TRTC run to 1.20, ERBB to .12, and so on..
This was a once in a lifetime event, and those days are long gone.. There is too much info out there now on that craziness, and everyone now knows someone who was burned on the pot stock who can advise them against waisting their money..
OTC's can pop, but the days of these companies running like that are gone forever..
As I have been saying for a while now, we need to be realistic...
I know all the MINErs are going to hate to see this, but you're right...
If you read the Q, which I know most people here are amateur investors who got lured in during the 'Pot Rush', and so might not understand, but Minerco had to use MINE shares to pay for all of its business transactions because they don't have money..
Vanis R/S the stock which needed to be done in order to continue with operations, and now that there will be more shares to issue, again they will be used for business transactions..
Also, if by some miracle Minerco really does become a profitable comapny, and they do plan to uplist, I can assure you that there will be another R/S in order to make that happen.. Mark it.
Big news isn't going to help us, the only thing that is going to help are big revenues, and as we are seeing those are another year away at this point..
I have been going back and forth on this a while now and the one thing that is clear in retrospect is that Scott Vanis uses a lot of 'pump' language in his PRs..
I'd like to break even at this point, but after R/S split that will be .70, which is a HUGE move away..
I am very speculative of investors and funds coming into MINE when there aren't any significant reveues, Not to mention it being an OTC...
Time will tell, but the bottom line is that Vanis has to pull a rabbit out of his hat and generate sizeable revenue..
It might be selling, but the ownership is so convoluted, that it just isn't a money maker when you have to divide the profits up between so many different interests..
I also think that with all the other brands on the shelf, sales have to be hurt by this too..
If you read the last quarterly, you will understand that almost all of their business transactions have been paid for with MINE shares.
The company has no money otherwise, and FIZZ isn't selling as much as I believe they thought it would..
Nice write up.. Honestly, the only thing that is going to save us are revenues, and it sounds like those are still a ways off yet..
My break even PPS will be .70 after the split.. Just to break even.
I did very little reasearch and found at least 10 brands.. This doesn't include the more clear, clan, and pur varities hitting the shelves..
The thing that worries me about this, and it is shown in VitaminFizz sales, is how many identical brands there are on the market, and ones like FruitWater and a few others are already produced and distributed by tge big companies Coca-Cola and Pepsi..
Lets hope this 'work horse' product is actually tangilbe, because Vanis and team stated that FIZZ was going to do the 'Heavy Lifting' for them on the CC last year..
That is a great post.. There is no denying that Vanis used a lot of 'pump' language, and that many things were said that just don't add up..
Uplisting and share buybacks have been mentioned to entice investors, but at minimum were way premature to discuss in April 2014. This R/S will not bring value anywhere close to being able to uplisting. Plus the price was supposed to only be addressed after the other uplisting requirements were meant. Those breadcrumbs led people to believe a R/S would not happen at the time that it is now taking place.
I will warn you guys again. If this company does become profitable in the next few years, and they really do plan to uplist, there will be another Reverse Split to get it there.. Mark it.
We all knew the R/S was coming.. How could you not, I told you to brace yourselves months in advance..
Quick story:
I told my dad yesterday, who also owns a few MINE shares, that a R/S split was happening and that most investors freaked out. He said,
'So, won't the value of each share go up.'
'It isn't good to have a lot of shares outstanding.'
He is right, your shares are going to be worth a lot more, actually for the first time I've been in this thing those shares are going to have value.
Vanis has needed to fix the share structure for a long time, and this had to be done. The stock will finally look attactive to investors, and the company will have room for growth now, and be able to acquire more assetts.
The chances for a quick profit have probably disappeared, and my hope is that the company starts generating Revenue within the next two Quarters..
With all of he drama here, you guys do realize that we've turned MINE into the new FITX...
Nicely said Mitch.. We have clawed our way out of one phase, and into another. Things are going to be tough, but if we keep getting to a 'next phase' slowly but surely a profitable compnay will be built.
The time frame has certainly gotten longer, but hopefully the R/S will help us attract investors and not traders. The new share strucutre will help them make acquisitions and grow the business.
There are many things I question now, and see a little bit more differently in retrospect, but this is just a waiting game at this point. We can hopefully look forward to a few Q's that will show growth..
Fingers crossed.
I agree... Thnink about how many cases MINErs bought off Amazon.. That Matt Brisbon guy was buying pallets of the stuff..
I really have no idea how this is going to play out, and my money was gone a long time ago so I have no other choice but to watch it.. I am hoping for the best, but the more I am reading others posts, the more and more I realize how much 'pumping' Vanis was doing..
Vita Ice used to be known as Ice, and was around before Sparkling Ice.. They've rebranded and now have vitamins too..
I agree VitaminFIZZ tastes good, but with so many identical products on the shelves, and some which are already owend by Coke and Pepsi, this is really going to affect sales..
VitaminFIZZ, yes, tastes great, but maybe hit the market a year too late. I know there are at least 10 brands on the market that are near identical:
- Fruit Water
- Fruit H20
- Sparkling Ice
- Vita Ice
- Nice Brand (Walgreens House Brand)
- Super Chill Ice
- Polar Sparkling Frost
- VitaminFIZZ
- Cascade Ice
- Aquafina has the 'Color me Kiwi', 'Peelin Good' etc. variety
- Switch Brand
* I am sure if I keep looking I can find 10 more.. This space is crowded, and VitaminFIZZ sales reflect this, and this doesn't include the more clean and clear variety of sparkling flavored waters hitting the market too.
Sales are going to be a lot tougher in this space than anyone ever thought.. The more I reflect back, the more I realize how much 'pump' language Scott Vanis used..
I also understand that the R/S was the only way to move forward and build out the company. This really does suck for us '1st wave' investors, but splitting the stock and having the available 215 million shares is how the company is going to move forward. Scott says right in the PR, and if you read the Q you will understand that they finance the business with MINE shares. This is how they pay for the majority of transactions and are going to continue to do so..
The company is probably another year away from beign profitable, lets hope that it truly does one day..
Scout, I can't reply to direct messages, but maybe Hemp and Colorado have done well and have a bright future, but what I am talking about is that the one MJ product MINE has isn't going to save us, or make us any money.. If VitaminFIZZ which is sold in 2,500 stores isn't making us money, How will an MJ drink that is sold in 100 stores give or take going to do anyhting but lose us money on production costs..
I repsect all that you have done, but I feel we need to start looking at this company in a more realistic light. There are a lot of issues and too many people on ihub persecute us for asking the tough questions..
I hope you guys are right, but for me I need to spell out and look at information in a very critical way..
Like I said... In retrospect there was a lot of pumping by the company..
Agree, MJ is a joke and there is no money to be made there.. Over 18, 2 states, and a marginal market at best.
I know he first stated that there was an MJ drink just like many other OTC's during the 'pot rush 2014' to attract some of that new money to his stock, and it worked.
I also don't put as much faith into his owner ship of shares as I once did. He is a smart guy, and had to know the pps action of his company, and he most likely found a way to make his money on that epic run to .045..
Vitamin Creamer, does sound a bit hokey, but I am not sure, and I have to see what this 'work horse' product is..
I have been going back and forth on this for a while now. I do see a company coming together, and I get that maybe it is a lot harder than even they thought it was going to be, but reflecting back on the past two years there are a lot of signs that point toward pumping by the company.
VitaminFIZZ, yes, tastes great, but maybe hit the market a year too late. I know (Bryce was mad when I said this) there are at least 10 brands on the market that are near identical:
- Fruit Water
- Fruit H20
- Sparkling Ice
- Vita Ice
- Nice Brand (Walgreens House Brand)
- Super Chill Ice
- Polar Sparkling Frost
- VitaminFIZZ
- Cascade Ice
- Aquafina has the 'Color me Kiwi', 'Peelin Good' etc. variety
- Switch Brand
* I am sure if I keep looking I can find 10 more.. This space is crowded, and VitaminFIZZ sales reflect this, and this doesn't include the more clean and clear variety of sparkling flavored waters hitting the market too.
Bottom line, I hope minerco finds a way to generate revenues to sustain growth..
This is one area that confuses me, and makes it sound like a pump. Why would someone use language like 'pale in comparison', or tell us how they just produced a ton of bottles for a 'game changing' account, and three months after that statement still have nothing to back it up?
I thought this was an odd statement in his PR:
I know every one of you is waiting for us to announce our new "game changing" VitaminFIZZ account. While most of the next few VitaminFIZZ key accounts are more than noteworthy, they are also very capital intensive to open and maintain. This includes key accounts we are targeting nationally and in the South West region.
Didn't he say a few PRs ago that they already had a production run for the new game changer, but couldn't tell us about it?
Nice... I agree. The Reverse Split is the only way for Minerco to move the company forward..
Nicely said...
Not like they did in 2014.. Too many people got burned and lost their shirts, and now anyone looking to invest certainly has a friend who got burned who can advise them against.
If I had a friend who said they were going to invest in MJ penny stocks, I would tell them not to, it is a waste of money. You would be better off investing in real companies.
Within my group of friends, 4 of us invested, all of us lost pretty much everything, and anyone new looking to enter the space has a connection to someone who lost during the 'pot rush', and it will never see those ridiculous pps runs again... #Reality
It is a fairytale at this point..
I am not saying it is a scam, but if you look at FITX, what an elaborate scam which went through a lot of motions just to pump the stock.
Scott Vanis has said quite a few things that never came to light, and in retrospect sound as if he was trying to pump the stock up, too bad it never worked..
I am not saying it is a scam, and I do see a company being built, but this is going to take A LOT longer than any of us imagined, and there is no guarantee that this company is going to be profitable, because as of right now, they aren't..
The hopes of making some decent money on this stock within the next year have certainly diminished. As I mentioned, after the R/S the pps should sit around .05 give or take, and my new break even PPS will be .70, and that is a huge move from .05 to .70 just to break even.
Sadly like most of you I am down probably over 80%, and have no choice but to ride it out, but I understand this is going to take years at this point..
I agree.. He used MJ to attract the unprecendented amount of new investors and money that entered the OTC during the 'Pot Rush' of 2014..
As you saw in the PR yesterday he is again waiting to use the hype of MJ during the elections to PR about it..
(though I believe this isn't going to be a huge issue this election season as it will take back seat to the student loan mess)
With that being said, I don't think the MJ sector will ever inflate the way it did during the pot rush. When TRTC went over $1, HEMP to .30, PHOT to .50 and so on..
It was a brand new sector, and most of us were the first people that anyone knew who was investing in MJ penny stocks, and now almost anyone has known someone who got burned in the pot rush, and it will never be the way it was in 2014.. That was a once in a lifetime opportunity, too bad most of us didn't see it for what it was..
I used to put a lot of value in the fact that Vanis bought those shares on the open market, but I don't anymore.. He is a smart guy, and had to know the price action of his companies stock. I am positive he has made his money on it, and those buys were most likely placed as a way to entice investors during that incredible run during the 'pot rush 2014'..
In reality it was most likely nothing more than an illusion..
Troops,
I have been trying to explain reality for a long time now, so none of this should be a surprise. The good thing is that we can finally move on.
No doubt about it, the R/S split is going to hurt us personally, but is exactly what the company needed to do to move forward. I am thinking that the R/S will have the share price sitting around .04 -.08 cents once it is said and done, maybe I am wrong, but HEMP just did the same R/S and they were just under a penny bfore it split, and now it sits around the .06 range give or take. This means my new break even price is around .70..
Also, I have been saying for a long time that VitaminFizz just isn't profitable yet. If you took the time to understand the last Quarterly report you would have understood what I was trying to say. Scott's PR today states that it cost so much money to produce, that we aren't making money on it, and so they have to now partner it up with another brand.
While being a staple, VitaminFIZZ is very capital intensive when launching into new markets, and we feel it requires a complimentary brand that can support the corporate monthly burn rate. I have internally nicknamed this new brand a "house" brand but believe the moniker "work horse" brand is more fitting. This new brand will be many things including 1.) already developed, 2.) cash flow positive and 3.) easily integrated into our existing infrastructure network
On the positive side, it sounds like they have the financial backing to move forward and build out the company a little bit more. A next phase if you will, and each 'next' phase is going to have hard ships, but if we keeping getting past them, slowly but surely something profitable will be built.
Also, if this company does become profitable over the next few years, and really does plan to uplist to the NASDAQ, there will be another reverse split. Just do the math with the Market Cap, for exapmple, 200,000,000 OS at $2 a share is a 400 million dollar comapny. Big Red is only a 200 million dollar company. So again, my adivce is be realisitc.
In the end, I am a MINEr, and like most of you I am going to be stuck in this stock for a lot longer than any of us have expected. I am down 80% after today, and so far the company isn't profitable. While watching this company the past two years I have learned that it isn't easy, and there is no quick way to build a company, but I do see one being built with Minerco. Slowly but surely sometihing is coming together.
So, the next time someone on Twitter tells you your company is going to make a 1500% run, remember what Obee1 told you, have a more realisitc outlook..
Fingers crossed...
I don't put as much value into this as I once did.. Vanis is a smart guy and had to know the price action of his stock, and I am sure he made his money on the run of 2014..
On another note.. The Reverse Split is a good thing if you're long.. Now we can finally move on.
The reverse split is going to get the traders out of this thing..
Maybe everyone will finally stop being mad when I shed light on reality.. You had to know it was coming, like I always said there is only one way around 3.5 billion...
However, this is one of the best things the company has done so far if you are a true long.. Now your shares are going to have some real value, the companies stock is going to look a lot more attractive with only 250 million OS..
Yes, we are all going to have less shares, but the pps should go up quite a bit after the split. Like I keep telling you, it is all relative, and you will still have the same dollar amount invested. This is all that matters.. I'd rather have a few thousand shares of a stock with a pps of over a dollar than a few hundred thousand below a penny, because I am an investor..
MINE on....
Troops,
I have been digging since Friday's PR.. Scott really did throw us a bone, and knew someone would dig it up and shed light on the company.
I know some of you guys think that I have become negative, but I am only trying to keep things grounded. Believe me, I hope this thing runs just like you all do, but it is also important to understand where the company is financially and be able to express that without facing hostility, I am only here to help...
I have been thinking a lot about Athena Brands, and here are a few insights and thoughts...
Trademark
https://trademarks.justia.com/866/76/n-86676207.html
* I especially like this statement under Goods and Services:
Aerated fruit juices; Aerated mineral waters; Carbonated waters; Coconut water; Drinking water with vitamins; Fruit drinks; Fruit flavoured carbonated drinks; Fruit juices; Fruit-based beverages; Vegetable drinks; Vegetable juices
This shows me that a company is really being built here. Also, sounds like a health conscious company too, one that I can really get behind. Don't get me wrong, VitaminFIZZ tastes awesome, but it is certainly not a health drink, its soda with no calories and vitamin enhanced.
The new Green Mustache line is though, and this is what most of the people I know are demanding now days, very healthy options. From the sound of that list, we are going to have even more healthful options on the market which will certainly help revenue and expand our name.
To me, Athena Brands Enhanced Refreshment sounds like they are building a company and a portfolio similar to White Wave Foods. Look at that companies stock price and success.
Is this all going to materialize, I have no idea, but if it does it really could be the investment of a lifetime. I am getting the feeling that Minerco has found a way to get the money to further operations. (Speculation)
Athena Brands Green Mustache:
http://www.getgreenmustache.com/
* I am not saying that this website is great, but it is certainly better than any of the other Minerco affiliated ones. Lets hope the Minerco Umbrella's websites get a make over, and help clean up their online presence. It is going to look really good once they get an Athena one up showcasing with its growing portfolio.
Scott new we were getting deperate for news and gave us something to piece together. How it is all going to play out, who knows, but it certainly does look like things are being done, and that the company is moving along.
I am excited to hear just exactly how these new pieces are going to fit together. We are still a ways off from record breaking revenue, but sounds like we are headed in the right direction... (fingers crossed)
Hope this helps.. May the force be with you!
A reverse split is coming eventually..
'Our current share structure is sufficient to get us through this stage of development, but when it comes time to uplist we will have to address the share structure..' Scott Vanis
Troops, I know you get upset when I shine the light on reality, but 3.5 billion will be fixed one way..
Also, a reverse split isn't bad in this case. The pps will go up, but your number of shares will go down. It is all relative as you will have the same amount invested.
AMBS did a reverse split not that long ago and their pps went from .08 to over $3.. The Market Cap is important if real money is ever going to get involved. Even if we had 1.5 billion outstanding, and the pps was .50 that is over $500,000,000.00 Market Cap.. Just not realistic when we aren't making any money yet..
At this time what is going to make the pps move up steadily is revenues. Minerco needs revenues. I know Some people got mad when I brought up the Q, but that is the only concrete evidence that I have to go on.
I am a MINEr,I have done my DD, and I really like this 'Green Mustache' avenue, but we need to be more realistic in our outlook..