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That doesn't impress me Mitch.. Sorry.. Read up on the old Mining company and how that all played out... Not to dwell on that, but this is the field he was trained in.. The field he studied in college and couldn't make work..
Now he's in the beverage industry with one product competing against 5-10 completely similar brands..
Great post... Been reading about how whales are loading up and the rocket is taking off for two years now, but the reality is first wavers lost 95% of their investment...
Just look at the CEOs past accomplishments.. They are few and far between.. He was trained for the mining industry, but couldn't make that avenue work.. What makes us all think this guy can be successful in the beverage business with one product in a beyond saturated space...
My only hope is this runs to .20s.. Fingers crossed..
$MINE
Ps.. Hypothetical question.. What will you hardcore's do if Vanis falls short on his promises.. There is more than enough reason to believe that he won't come through..
Like fizzman said, if he does.. I get my money back.. I sincerely don't have high hopes..
Lets take your honest appraisal one step further..
Yes, Vanis is using shares to purchase entities to build out the company..
1. Avanzar which still operates way under projections, and is defaulting on their current loans.
2. Yo Gabba which I think is a waste of money, but maybe in a year or two it turns a profit..
I wouldn't be surprised that when the OS is updated that it will be nearing 70-100 million OS, which is a triple from where it started just a few months ago..
So, Minerco will have to continue to issue shares to pay the bills as they wait a year or two for their new entities to turn a profit..
Where will that OS be by the end of summer? Over 100 million I am sure if not being near maxed out, which means another R/S.
If you truly believe Minerco is going to do an uplist, another R/S is 100% on the books in the future, Scott will have to make it look attractive for real investors, and a 150 million OS isn't attractive..
I've asked you hardcore's many times.. Where is the value then for us first wave investors?
In all honesty... All of the Mango Orange's I've tasted I've thought were pretty good..
From what I can get:
FruitWater is my favorite
RefresherIce is pretty damn good
SparkIce I like the wicked carbonation, taste is ok..
Nice Brand is pretty gross actually, but if it's cold its fine..
Yes Bryce, I know you can't even drink them.. But once upon a time my good friend, the UPS driver, you might have remember him from some old Twitter pics that were tweeted.. He also has roughly 30k shares post split...
I brought him his first VitaminFizz that I ordered off of Amazon and brought a FruitWater with too, it pissed me off so much that he thought they were both good... He had roughly 3 million shares of MINE and he thought they were both good.. What was he thinking, or what was I thinking..
I've since matured my view... They all taste pretty damn good for the most part, and I guarantee you that there are MILLIONS out there who will say the same..
Some will like Fizz, some will like Refresher, some will like Spark, but the majority of people just won't give a sh#! about some sparkling flavored soda water...
I can back you up on this Bryce..
In my area, just outside of Chicago (25 min train ride) I see the sparkling waters at Walgreens, and the Big Supermarkets, but not so much at the convenient store type places.. 7-elevens are fewer and further between in my area, and I would usually make these kind of purchases when I am getting gas, but there was only a brief stint where I saw spark ice at my local convenient/gas shop..
I always see the brands fully stocked while I am grocery shopping.. I do notice the FruitWater's are disappearing and not being restocked in all the flavors..
I wonder if I will see VitaminFizz at my local grocery store.. That might change my view point..
Question... What does the amount of shares I have, have to do with anything..? I spent 3k on those around .007s pre split...
Vanis being a great man is yet to be determined...
Stay tuned is right..
Time will tell Beau, but I am just being realistic.. Lets see what he brings us..
- If its Yo Gabba.. I won't be impressed..
- Lets see what his national account is..
I have been saying for a long time, that this most likely won't see the kind of run we had when it went to .0345 pre-R/S..
That run was a once in a lifetime event:
1. Pot Rush
2. Tremendous amount of new money on the OTC, and Newbie investor money to boot.
3. Twitter hype
4. Wolf hype
5. 420i hype
That has all since disappeared, and I agree with your point that Minerco has performed so sub-par that A LOT of investors won't touch it..
Also, I continue to get DM's from 'old timer's' who just want their money back at this point..
I have a much more realistic view on Minerco this time around, and I only hope by some miracle it has a little run/pop to .20s....
If this does by some miracle happen, a lot of bag holders will exit.. Minerco as a company is years away from doing anything substantial.. The kind of revenue needed for sustainable growth in pps is too far off, and Vanis has no other choice but to continue using shares in lieu of cash..
There is ZERO long term investor value here for us first wavers..
With that note being due 2/6, Vanis might have some news to soften the blow of the dilution, and hopefully its the news that gets me some of my money back..
If you don't understand that for Minerco to be successful, they will have to use Millions of shares to keep the business going..
There is just NO WAY around this.. If the OS was 35 million 3 months ago, and today it is over 56 million, where do you think it will be by July.. 120 million?
This is NOT an investment.. It is a gamble..
I can't throw anymore money into this.. That 3k was gone years ago. I've put too much time in to walk away now, and will continue to watch it play out..
$150 brought me down enough..Possible I might make one more purchase pps depending..
Also, looks like the old gang is trying to give this thing a run..
Fingers crossed..
$150 more than doubled my previous 3k investment and brought my average way down.. Gives me a better chance of getting hopefully half my money back...
It is a gamble.. Fingers crossed!
I sincerely hope we go to .20s... I finally averaged down today..
...........
And that certainly brought my average down... Now, pretty please, run to .30 cents..
I think I am finally averaging down tomorrow too...
I appreciate that, but I think I was referring that if the production run happened 6 months ago, where is the Game Changing account.. Not where are the bottles..
I don't see too much significance in the June bottles..
It is plausible that Vanis didn't have the money to make bottles to fill LA and or existing orders, and in a pinch said they were for a Game Changer to decorate the dilution or expenditure..
I mean that was 8 months ago.. He's going to fill a new game changer with bottles that have been sitting around..
The June bottle doesn't sell me one way or another..
I don't think I ever posted that I doubted an emergency run happened.. Show me the post.. I think I've only been vocal about doubting a game changer..
Doesn't matter.. Lets see what Vanis comes up with..
Okay, so they made bottles in June.. What is the point?
I sincerely hope Vanis does comes through for us.. I could really use that money back.. Over the past two years this company has lost my faith though..
Time will tell, I don't expect anything amazing anymore, but I will be bigger than the hardcore's and admit that I could be wrong..
My whole thesis that I put together in the beginning was centered around the Giants, and that as you know has Fizzled out..
Lets see what Vanis has.
1. Even if it is good, it is still years away..
2. If Vanis has already taken the OS from 35 million to 56 million in a few months, where do you think that number will be in a year?
3. That means you will be R/S again..
4. Where is the value then for us first wave investors?
The hardcore's are passing around a picture that one of them received from an Amazon order..
Doesn't really tell me anything.. So what, some bottle were made in June.. That was 8 months ago..
The hardcore's think it proves the emergency production run to fulfill the order for the game changing account..
Trust me:
Mitch
George
Bryce
and the other handful of Hardcore's still hanging on don't know any better than anyone else posting here..
Yes, I saw the bottle with the June date. Big deal. The past performance, the Q's, and Vanis' entire career track record speak the loudest..
Beau, you seem like a nice guy.. Open your eyes and look around.. The writing has been on the wall since day one..
This is only a penny stock.. Use your best judgement if we are blessed with a run..
It is a mess... We've been sitting in the dark, literally, 7-8 months? Hardcore's aren't big enough to admit what is really going on here, TT2 continues to post non-sense about whales, BMAK, and up trends..
Volume has dried up, interest is gone, many of us need a 40 bagger to break even, this is a one product company who loses millions per Q... The CEO has disappeared after he pumped fairy tales for so long..
The Giants who knew how to run this thing all bailed out, and on and on...
We were all warned from the very beginning and there is ZERO long term value here...
Bryce,
I should have read your message a little bit better before I responded.. This is another good post by you..
I agree that there is merit in what you say, and I honestly hope the best things come our way..
We have been fielding each other's theories and speculations for way too long now, and it is time for some of the news we've been waiting for..
I've gatherd from one of TT2's notorious DM's, that Vanis and Ezra had a falling out, and judging by the coldness of some of Darin's recent Twitter replies, I'd say that might line up.
I highly doubt that we've been told whole story about what has been going on the last two years..
JT made some great points about how unorganized Scott's business model has been, and how he's been all over the place..
Time will tell...
Go Denver!
great insight JT..
Until it was recently stated as being on the back burner, there was never any suggestion of Coffee Boost being anything but extremely promising (living essentials took notice even!) and yet the company is talking about acquiring a totally different brand to produce instead of using their super promising own product they had 100% ownership of?
I didn't even think about that.. I asked Vanis to have another CC to clear some of this speculation up, but he won't do it.. He knows we have more questions than he has answers to cover his tracks...
The 300k sell out, if I am correct... Is divided up by:
Smith
Ginsberg
Ezra
Strahm
Divided up 4 ways, so they sold it for under 100k a piece.. Sounds like a VERY LOW number for a potential 50 million dollar brand..
Even if VitaminFizz does become a great brand:
1. That will take years.. We've all just learned first hand the last 2 years how long it takes..
2. With the shape that Vanis has the company in currently, dilution is a guarantee. Which means another R/S is a guarantee..
Where is the substantial value for us first wave investors in the long run..?
JT,
I can always count on you keeping a level head.. This answers my response to Bryce..
Bryce,
I am not going to say that your point isn't valid.. This is what Vanis told us and led us all to believe, but to my logic and reasoning it doesn't add up..
I know you really like fizz and have a lot vested in it, and I agree that it tastes good, but I also know that it is just one of dozens on the market, and to me, and I have tasted all the Mango Orange versions available to me, they all for the most part taste pretty damn good..
Fizz is just one in a saturated space, and many are already national, have a following, and are distributed by Major Companies.. I don't think there is money in the space, and this is why the Giants sold out at such a low price..
If VitaminFizz is such a grand slam, greatest sparkling water, 50 million dollar brand, and you were an owner... Why would you sell out at 300k before the Miracle Home Run was hit, or before it even had a fraction of its potential realized?
The answer is, you wouldn't...
I have spent a lot of time writing about, thinking about, communicating with the CEO, and the more I think about it, the more I become unimpressed.
I should have listened to my best friend, he couldn't believe I was investing in MINE at the time.. The Kool-Aid never affected him...
This is a penny stock.. Period.
Except I teach college level students, but okay..
My students range from 5-65 years of age, the majority being High School to College, and from countries all around the world..
The one thing I see in the Miners is that they have a very narrow perspective and point of view..
The facts are all in the Quarterly reports.. I suggest you take the time to read them, and understand them...
A thought:
The Jewel (Chicago Grocery Chain) has on the shelf:
- Fruit 02
- Spark Ice
- VitaIce
- Refresher Ice
- FruitWater
* They have to pay for the cases they buy, and Fizz sells for $7 a case.. I am starting to think that these chains aren't going to drop anymore money on another version so they can have 4-6 near identical brands on the shelves, it would be a waste of money for them.. There is no reason to have that many on the shelf, and I can guarantee you that thought crosses their mind when they are looking to reduce costs and increase revenue..
I tried to have a realistic conversation with Vanis, but when I asked for truthful answers to the fairy tales that he has been spinning, he Vanished again..
BMAK and NITE are friendlies now.. :)
The red flag is that the 'game changing' account was announced 4-6 months ago..
- Still no word
- Pretty convenient pump for Vanis:
'I'll say I have a game changer, dangle the carrot, and hope by some miracle I can pull one off in under a year.. Then I don't look like a liar..'
Hypothetical Scott Vanis Thought.. Though I bet that isn't too far from the truth..
- 'Miracle Work Horse' to bail Fizz out was also announced 4-6 months ago, still no word..
- VitaminFizz not making enough money, competing against Coke, Pepsi and every other MAJOR BRAND who have already distributed their versions on a National Scale..
The Giants in the shadows who were the ones that knew how to run this product have sold out at a ridiculously low price..
All I can say is that the writing was on the wall a year ago.. This thing looks bad no matter how you want to slice it.. Shine the light at it from every angle and there are very few glimmers of a successful company..
$MINE = Mess
The only problem is that Vanis doesn't have the money to run this company for years to where it will benefit us first wave investors...
Take a moment to again read my follow up e mail to Scott Vanis.. Not to toot my own horn, but that is a well written honest letter in which he never responded to. Most likely because it would have forced him to be honest for once..
A lot of insight here:
Follow up e mail to CEO Scott Vanis.. (III)
Scott,
Like I said, I am very appreciative that you will take the time to respond to my e mails, and I think the MINErs for the most part appreciate it too, though it is a pretty divided camp as of the past few months. I would like to follow up to some of your answers:
1. I find it a little bit disconcerting that you are blaming the timing of the MINErs share purchases to the decline in pps without taking any responsibility for it too. Like I mentioned to you, I was writing 'positive' articles about your company in the early days, and I understand that since part of my career is professional journalism that readers might gravitate toward what I say. Earlier this year I started receiving e mails from people who followed my advice, and have since lost 97% of their investment, and I cannot help but feel partly responsible.
If you knew the valuations of Minerco were blown out of proportion, and you are using that as your excuse for the decline in share price, shouldn't you have issued a warning to your loyal shareholders about the over valuation?
From what I gather, most MINErs bought into MINE because of the things you said and mention in your PRs and what was said on the CC. Granted, Darin Ezra was responsible for a lot of the 'fairytales' mentioned on the CC, but many MINERs bought for these reasons:
a) How many times were the names Pepsi and Dr. Pepper Snapple used?
b) Darin mentioned many times that FIZZ would easily be in 10's of thousands of stores in a short time.
c) Celebrity endorsers
These are just a few things that stick out, and I would have to go back and listen to pinpoint even more misleading statements. Shouldn't you take some responsibility in all this?
2. I haven't studied the current 10K as much as I did the previous one, but anyone who takes the time to understand the Q's will know that Minerco is in negative cash flow and using shares to build the company. I know this dilution worries many of the first wave investors, and I am sure they would like an honest opinion from you on this subject.
3. If an uplist to a major exchange isn't too far away, how do you propose Minerco will achieve the $2-4 pps minimum requirement?
4. 30,000 cases of VitaminFIZZ were sold at roughly $7 (wholesale) = $210,000.00
a) it is a daunting number at just how much FIZZ needs to be sold in order to crack just $1,000,000.00 in revenue.
b) what is the profit margin on FIZZ?
5. Most MINErs like myself are roughly 85-98% down on our investments and realize it will be at least a 40 x's move (4,000%) just to break even. What are your thoughts on this?
6. An investor in MINE can't escape the feeling that you have thrown many misleading statements our way. We could dig through old PRs, but I will ask you about just one that many seem upset about. Please tell us what you meant when you said; "This year will pale in comparison?"
7. I think many MINERs are curious about what the Florida Spring Break was all about?
8. When can we expect tangible-concrete new on the 'Work Horse' brand?
I may have missed many things that I would like to say, or inquire about in this follow up e mail, but I also think there is enough here that we can start digging into some of the issues MINE investors are worried about. Like I mentioned before, you once had an army of loyal shareholders, but that number is dwindling fast. Many have lost faith, don't trust or believe you, and when you know you need a 40 bagger to break even on your investment, that just doesn't sit well with anyone.
Thank you again,
Brad Conroy
I've asked Vanis to step up and take some responsibility for the Fairytales that he and Darin Ezra have spun over the past two years, but he won't do it.
I've stepped up and apologized to those that followed my advice and bought into this mess, but the CEO won't acknowledge his part...
Lets see what Scott can actually come up with, but I am willing to bet he will continue to mislead and disappoint..
I sincerely hope Vanis has something better than that Yo Gabba bs for his miracle game changer...
You're maturing Bryce!