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$MINE On March 23 2015 V.Scott Vanis put out this Shareholders Letter http://www.minercoresources.com/news.php?p=117 2weeks later: http://campaign.r20.constantcontact.com/render?ca=4072d0e1-cd02-4e52-9a2c-aea078489bf9&c=d1a61540-637a-11e4-b4aa-d4ae5275505f&ch=d1aa8210-637a-11e4-b4aa-d4ae5275505f … EXPLOSION!
$MINE We have the most badass CEO in the OTC....and that my friends is why we are headed to a very bright future.
StockScout1 Thank you for sharing with the $MINE Community...Wow..Just shows you how committed V.Scott Vanis is and how MUCH He wants 2 see $MINE Succeed! SOLID COMMITMENT AND TRANSPARENCY exactly what Investors want from their CEO!! $MINE Long and Strong!!!
Can anyone here mention a ticker in the entire OTC that has put out News like $MINE has and File all their PR's (moves) with U.S. Securities and Exchange Commission (SEC) ? Can anyone here mention a ticker in OTC who has Delivered and CONTINUES to show Growth like $MINE Management has been? TIA....
LMAO..Looks more like you can fit Plenty of those homes in this place..Go $MINE..lol
Take a LOOK at This:
Fully stocked shelves with terrific products is a sight to behold. pic.twitter.com/bOz20KOmjQ
— Avanzar Sales (@AvanzarSales) April 1, 2015
$MINE Looks like after shaking the Whiners out...we see red 2 GREEN ..!
The $MINE TEAM Has/HAVE BEEN Speaking Loud and Clear! You are just not LISTENING!! Here let me start with what I've been hearing: California, New York, Florida, Las Vegas, Walgreens, Kmart, Gristedes Supermarkets, Albertson's, Increases EQUITY Position in AVANZAR, Major Retail Chains EXPAND VitaminFizz Program and Placement...Thats just a little taste for your ears...If you CAN"T hear that....You must be Deaf! Actions speak louder than words..Your Welcome.
Questioning The Best in The Industry?? For those who question and try to Micromanage The $MINE Team Clearly shows us that they are CLUELESS and Lack the Ability to Understand the process of Creating and Running a Successful Business of this Magnitude!
Here is the Team in Question:
Scott Vanis- MINERCO- Chairman and CEO
Darin Ezra- CEO Power Brands
Gary Smith- Chairman and CEO BigRed-Former COO Red Bull North America- Former Vice President and General Manager PEPSI Bottling Group and Former REGIONAL PRESIDENT PESPI CO.
Dan Ginsberg-Former CEO Red Bull North America
Peter Strahm- Vice President and General Manager for East Region Red Bull
Do YOU believe/think for 1 second these individuals have no idea on how to run a business? What Team are you putting your MONEY on?
If U missed it: $MINE Reverse Split.?? Answer:
Q: Will the company need to increase the Authorized Shares and/or do a Reverse Split?
(This is the #1 question I have been asked most recently!)
A: The Convertible Promissory Notes that are past their maturity date have to be allowed to convert or an exchange has to be negotiated. The days of the company taking Convertible Notes for cash are behind us, as we have graduated to LOC(s) and more traditional financing; however, a small number of these older Notes still exist and are being dealt with in a responsible (long term growth) manner. Since we are not taking any new Convertible Notes and the existing, mature Notes are virtually paid off, we believe the current share structure is sufficient to get us to the next step in our evolution.
What an AMAZING Letter To (LONGS) Shareholders, http://minercoresources.com/news.php?p=117
$MINE What? Share Structure Unchanged...LMFAO..! Idiots were screaming " Gagged...The Sky is Falling"...ROFL..
People need 2 do their own DD. You will then identify who's BSing and Who's Real..You can Start here:http://www.minercoresources.com/news.php
Great Post!
BooYA!! Nothing but POSITIVES..Awesome info! Thanks
Perfect time 4 all the whiners 2 get out...Maybe then we'll just deal with bashers and not both...Stop the bleeding or STFU and stand by the Company if you believe in them..Holding shares while in the red and throwing tantrums doesn't help..
It is Seasoned Investors like you that point out all key & important details....reminding us of the Gold $Mine we are invested in..Appreciate your wisdom..Very helpful.
Very well said..King Leonidas..VERY WELL SAID!
4 those who R worried about a R/S "As long as things stay the way they are, the way they are today, we—let me say this very clear—we do not have any plans, no plans, even tentative ones, to reverse split our common stock. Currently the reverse split topic only comes up with future plans to up-list or when somebody calls or directs us to address a post or a comment made by a desperate Treasury (ph) usually caught in a bad position."
Q: When will the company start a share buyback?
A: Let me ask a question, and you answer for yourself. Would you, as a shareholder, rather we use your capital (which is currently borrowed) to buy back shares for a minimal realistic return, or would you prefer we deploy your capital to grow and expand your business for an exponentially larger realistic return? When profits are sufficient to responsibly buyback shares, we plan to initiate a share buyback and/or dividend payment to shareholders.
R/S ONLY hurts a PUMP and DUMP...A R/S on MINE A Company that continues to show GROWTH CA NV FL NYC Walgreens,Kmart, 7-11, Albertson's and is in MORE than 1200 Stores behaving like a NASDAQ Ticker is a PLUS..!!!!!
If U haven't read The Letter From Scott Here it is:
Dear Shareholders,
We had a very busy, productive and exciting Q1 of FY 2015. We launched the hottest new “good for you” product, VitaminFIZZ®, in Southern California (SoCal) and New York City (NYC), acquired our SoCal distributor, Avanzar Sales and Distribution (Avanzar), and realized substantial financial gains highlighted by over $503,000 in top line revenues.
We all have to remember (as I often forget) that we are only 100 days into the VitaminFIZZ launch. According to our expert beverage partners and advisors, what we have accomplished in 100 days is nothing short of impressive. So take a minute to pat ourselves on the back, but now back to work. We are barely getting started!
VitaminFIZZ Highlights
As of last week, VitaminFIZZ® was available in more than 825 locations in SoCal and NYC. By the end of the current quarter, ending January 31, 2015, more major chain placements will be added to this already impressive list. See the VitaminFIZZ store locator for details. In preparation for the addition of these new key accounts, the majority of VitaminFIZZ new label inventory has been purchased by Avanzar in SoCal.
Other key events for VitaminFIZZ include the planned Spring, 2015 expansion into the United Kingdom (UK) and the addition of Advantage Sales and Marketing (ASM) to the impressive list of VitaminFIZZ partners.
Avanzar Highlights
Avanzar has been very productive in the last 90 days as well. In addition to rapidly expanding the VitaminFIZZ locations, including over 200 Walgreens and a few more additional major chain placements, Avanzar has greatly enhanced its portfolio of products (including Popcornopolis, Fruzinga and many others). Just as important is the fact that Avanzar has increased its footprint in SoCal, and Avanzar has greatly expanded its sales and brokerage business to successfully include large key account chains in its territory. This geographic and brokerage accounts expansion will continue and is essential to the execution of our business model.
FY 2015, Q1
Due to our recent Acquisition of Avanzar, we now fall under the predecessor definition under Regulation C, Rule 405 of the Securities Act of 1933. The simple explanation is: At the date of the acquisition, Avanzar’s operations were substantially larger than Minerco’s operations; therefore, in our quarterly and annual reports, we will be reporting Avanzar’s historical data (pre-acquisition) and the combined entity (Minerco – Level 5 with Avanzar) post-acquisition going forward. The transaction was classified as an acquisition or merger and not a reverse merger because Minerco was and is an / the operating company; and therefore, the transaction was not accounted for as a reverse merger. Our auditors made the determination according to Regulation C, Rule 405 of the Securities Act of 1933. The full and complete two-year audit of Avanzar will be available next month.
To highlight and discuss the Quarterly Report on Form 10-Q, just filed with the Securities and Exchange Commission (SEC), regarding Level 5 and its beverage business:
Top line revenues for Q1 FY 2015 (ending 10/31/2014) in excess of $503,000. When compared with Minerco – Level 5 revenues for all of FY 2014 of $12,381, this represents an increase of over 4,000%.
Assets increased by 259% from $1,011,586 (as of July 31, 2014) to $2,617,550 (as of October 31, 2014).
Liabilities increased from $2,115,776 to $4,918,192, mostly due to the acquisition of Avanzar and draws from our Line of Credit. While the quarterly report reflects the Avanzar Promissory Notes attributable to the new company (post acquisition), the report does not reflect the fact that all existing (pre-acquisition) Avanzar Notes are the responsibility of the original (pre- acquisition) members of Avanzar, as per the Membership Interest Purchase Agreement between Level 5 and Avanzar. If Minerco – Level 5 choose to pay or settle these pre-existing Avanzar Notes, we will earn greater equity interest in Avanzar.
To highlight and discuss the Quarterly Report on Form 10-Q, just filed with the Securities and Exchange Commission (SEC), regarding Avanzar and its sales and distribution business:
Quarter over quarter, Avanzar’s gross profit margin increased. This increase reflects an upgrade in the product portfolio to higher margin products (namely Popcornopolis) in larger retail channels.
Increasing Accounts Receivable and Payables balances. Avanzar is a distributor and a broker providing key account sales into major chains. Avanzar takes on new brands and represents them as the broker (sales), so they have receivables and payables with the same manufacturer.
Avanzar holds a 50% stake in Island Style, which has been added to the Level 5 pipeline of brands under development. More to follow on Island Style in 2015.
Continuing on, below are some frequently asked questions and my short answers:
Q: Will the company need to increase the Authorized Shares and/or do a Reverse Split?
(This is the #1 question I have been asked most recently!)
A: The Convertible Promissory Notes that are past their maturity date have to be allowed to convert or an exchange has to be negotiated. The days of the company taking Convertible Notes for cash are behind us, as we have graduated to LOC(s) and more traditional financing; however, a small number of these older Notes still exist and are being dealt with in a responsible (long term growth) manner. Since we are not taking any new Convertible Notes and the existing, mature Notes are virtually paid off, we believe the current share structure is sufficient to get us to the next step in our evolution.
Q: Why acquire Avanzar? How does it benefit Minerco shareholders?
A: The acquisition of Avanzar brings multiple advantages to Level 5. The first is vertically integrating our beverage company to create another income stream allowing us 2 bites at our proverbial apple and a bite at others. Additionally, the addition of Avanzar gives us a huge advantage in the roll out of VitaminFIZZ® and our continuing, extensive pipeline of products. We basically have our very own pilot testing platform in one of the greatest markets in the world.
Q: Are there any updates on Vitamin Creamer® or The Herbal Collection™?
A: Vitamin Creamer® and The Herbal Collection™ will have significant progress to report in early 2015. In line with our philosophy, we will report any updates after they happen.
Q: Where will be the next market(s) to expand VitaminFIZZ?
A: The original markets of SoCal and NYC, with a winter time focus of SoCal, are performing extremely well. The next markets (planned for Spring) will include regional expansion in the Southwest, at least 1 new major market in the South and the United Kingdom. As these markets light up, our consumers and our shareholders will be the first to know.
Q: What is the significance of the relationship with Advantage Sales & Marketing (ASM)?
A: ASM is the premier retail placement broker in the English speaking world. The fact that ASM is interested in a brand that is 100 days into its launch is unprecedented. The fact that their largest competitor is the broker handling Sparkling Ice is great motivation for ASM to light up VitaminFIZZ accounts at a frantic pace. The other unique benefit provided by ASM is their in-house marketing and advertising firm, In Marketing Services.
I realize there are many other questions, and I will try to address them in future letters and company updates.
We introduced VitaminFIZZ to the world approximately 100 days ago. While we achieved staggering success in these 100 days, we still have LOTS of work to do. Over the coming weeks and months, we will be growing the reach of VitaminFIZZ and the scope of Level 5. The challenges we have in front of us are not easy ones, but none of life’s worthwhile endeavors are easy. Our challenges are notable, but our opportunities are infinitely larger and greater. Our team of exceptional shareholders, world class products, remarkable partners and committed leaders will overcome these challenges while exploiting every opportunity.
I speak for Minerco, Level 5, Avanzar and our partners in recognizing we have come a long ways in a short period of time, and we could NOT have done any of it without the visionary and steadfast investors of Minerco: the MINErs. We will continue to build our company and deliver value to each and every share of Minerco. Thank you for your confidence and support. We, and I personally, wish all of you a Happy Holidays and a Happy New Year! We all strongly believe 2015 will be a great year for our company and its investors!
Here's another Powerful Quote:
“Neither Sam nor I believe our shareholders should be responsible for paying us a dividend. To correct this oversight, we have forgiven all accrued interest earned under our Class B Preferred Stock in the exchange to Class C. The zero balance of mature convertible notes, our switch from Class B to Class C Stock and many more upcoming events have and will continue to evidence the company’s commitment to our loyal shareholders,” stated V. Scott Vanis.
What other CEO's have done this?
Once again I Agree 1000% w/ you..!!!
100% Agree..This is why Bashers want your $MINE Shares. NO other OTC Ticker w/ this type of Progress, Market Penetration & Future.
Look at $MINE Report Card and learn why its an INVESTMENT: http://www.minercoresources.com/news.php
2 All the Whiners & BS Bashers..Dump ur imaginary shares...GTFO and STFU..Easy as 1..2..3
If U R just joining us:CNN http://money.cnn.com/news/newsfeeds/articles/globenewswire/10121155.htm
Amazing DD Flagship!!! Wow! Thank you!
Global Expansion..!!! BOOM BOOM!!!!
If U Missed it $MINE 102.7 KISS FM VitaminFIZZ ad. http://yourlisten.com/mattfoley420_tw/vitaminfizz-ad
Don Quixote, Just comes 2 show you how REAL this Company is and where its going!!! $MINE Long and Strong!!
If you missed it here it is CNBC: http://www.cnbc.com/id/102321279
$MINE BEAST MODE .0082's printing volume 43Million+ Boom!!!
$MINE Has Been Flexing in January! http://www.otcmarkets.com/stock/MINE/news
If U Missed it CNBC: http://www.cnbc.com/id/102321279 $MINE
Congratulations Longs! Minerco Achieves a Zero Balance on All Mature Convertible Notes http://www.cnbc.com/id/102321279
Amazing progress! If you missed it. Here it is: http://myemail.constantcontact.com/Minerco-Messenger.html?soid=1118922411464&aid=4urQyBjFCRc