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In theory that sounds great, and I would agree, but seems too wishful thinking..
When the reality is, Minerco loses $1.5 million a Q just operating in SoCal Alone.. Also, Coca-Cola had a lot of trouble making money in this space, and I guarantee you that Dasani comes up with a well thought out product this second go around to edge out competition..
I think this space will evolve in 2016 and Vanis will have a hard time keeping up..
Both plausible ideas, but logic and past performance don't have my hopes too high..
Even with the 10% I think that is a very low price for such a ground breaking, revolutionary, best of the best, home run...
I bet many hardcore's think they will make more on the stock than the Giants sold it for..
Just my opinion, but if this is such a grand slam and I was a founder.. I would have waited until the home run was hit before I sold it..
$MINE
Huh? I could care less about the hyphen.. Means nothing to me.. Vanis really needs to splurge and update the websites all around, and starting with Avanzar..
I don't see any bashing.. I have been dealing with the facts, numbers, reports, logic and reason.. I just believe in contributing more than fairy tales and pumps..
What is there to believe in here anymore?
- Yo Gabba Gabba? That is a joke and a waste of money..
- VitaminFizz? The founders sold it for 300k.. They didn't even think it was worth a million dollars.. Fizz isn't cutting edge enough to separate it from the 3-6 similar brands already on the shelf..
Please enlighten me Bud Guy? I've watched you post drivel and non sense since 420i...
I am down roughly about the same.. It would be a miracle if I could recoup 50% of my losses..
I was once a hardcore Miner, but I really do not see any longevity with this company.. A run is about all it will be good for..
If you hold long term you will be Reverse Split again, as Vanis only has shares to issue in lieu of cash..
Also, this is a big tell for me.. The Giants in the Shadows sold VitaminFizz for 300K.. They only thought it was worth 300k... They didn't sell it for a million dollars even.. We were led to believe this was such a home run, but the founders sold for 300k before the home run was even hit.. They know more about what is going on than we do, and that speaks volumes..
That is crazy.. I never realized that before.
I don't think that discussing the companies position is being negative.. It is what it is, it just happens to be that the company is in a negative position currently..
I have been thinking about this a lot lately, and I would love to hear how some of you Hardcore's deal with these issues..
- Vanis said that they had to establish a base, a foundation in SoCal which was profitable and would be able to support the weight of going National.
The plans were to fully saturate SoCal and use the revenue to help sustain a National Roll out, which I can assure you will be super expensive..
Have you read the Q? If not, I will remind you that Minerco currently loses 1.5 million dollars a Quarter just operating in SoCal. The area which was supposed to be fully saturated and profitable runs a 1.5 million deficit.. Looks like they didn't achieve their goal of making SoCal profitable..
To me, this means going National is a very risky move. I believe Scott has said this too in previous letters.
- Scott Vanis not only has us running a deficit of 1.5 million a Q, but he also has Minerco $28 million in debt.
- Scott Vanis only has $300 cash in the Minerco Bank.
- The Giants in the shadows reduced their skin in the game for a measly $300 k... I bet some of you think you're going to make more than that on the stock, and The Giants got out for that little.. They only thought Fizz was worth $300k..
- I'll also remind you that Coca-Cola couldn't turn a profit in this space, which will be evolving this year, but if Coke can't profit, how on Earth will Scott Vanis?
* I see so much pumping on this site, and very few of you Hardcore's have ever presented a worthwhile viewpoint on these subjects.. Thoughts Anyone?
$MINE
She is very angry with Vanis for some reason..
You present a very biased opinion that has no relevance.. For every person you find that likes Fizz, you will find another person who prefers FruitWater, SparkIce, RefresherIce, and so on..
All a matter of opinion and everyone's taste preferences are different.. If you had a lot of money invested into SparkIce you would most likely prefer the taste of that one the best..
#reality
That is absolutely ridiculous..
I couldn't agree more.. So much has been promised and nothing tangible has come through..
- The Workhorse I am not impressed with at all..
- Going National will be great if there is advertising that goes a long with it.. Remember, we lost 1.5 million a quarter just operating out of SoCal, so going National could really be the final straw that breaks the company, because this is risky and going to cost us a small fortune..
- CBD, who knows, but Minerco doesn't have the money to produce and launch this for a while yet..
At this point I don't have all that much faith in Vanis, and FIZZ I do think tastes great, but it isn't so cutting edge that it will stand apart from the 3-6 other brands it will be sitting on the shelf next to..
Time will tell, but one thing I know after reading the last Q is that Minerco is now 28 million in debt and it is absolutely imperative that Scott turn this ship around ASAP..
Not at all brother.. Just many on here accuse me of 'bashing' when I am only trying to keep us level headed and grounded..
2016 should be our year, and I would be thrilled to break even at this point.. Just have to get to .70 per share!!
I have no reason to lie to you guys, and I am not 'bashing..' I am just realistic, logical, and honest..
Ask as many kids as you can, and you will understand what I am talking about.. From what I gather, Yo Gabba was big around 2007-08, and I also know that many kids don't watch as much TV as they used to, since they have ipads and computers..
We will see, but I was sincerely hoping Vanis would have come up with something a lot better than this since he's been dangling it in our face for the past 4 or 5 months..
I have 50 students and 6 nieces and nephews under 12..
Like I said, I've asked countless kids about Yo Gabba, and have only heard one positive thing..
I know for a fact that my sisters would never let their kids have these sugary drinks, and I know that many parents are beginning to go the healthy route too..
Another thing you guys are forgetting, is that once a kid is past 6, they in NO WAY want to be associated with 'baby' products..
Just my two cents, but a marginal market like 5 and under won't bail Fizz out.. Time will tell, but I was hoping for a better workhorse than Yo Gabba..
This one won't get into schools... Parents are now demanding ultra healthy options in schools..
Our best bet with Yo Gabba is product placement.. I personally think this will prove to be wasted money other wise..
Marginal Market Space, 5 and under.. Just isn't going to cut it..
I continue to ask as many kids as I can about Yo Gabba Gabba, and I honestly have only heard one positive sentiment..
I've looked into it, and apparently it was off the air for a few years, and they have just rebooted it.. I do like a lot of the musical guests they have on there, and if you know me, music is my life..
With that being said, this is a 5-6 years of age and under demographic.. In other words, an extremely marginal category at best.. I don't think this product will be the 'Workhorse' Fizz needs..
The best thing we can hope for from Yo Gabba is that we can run ads during the show, but I don't think we have the money for that..
Just my two cents..
Scott has lost 95% of our investment during 2015, and never once admitted responsibility for that..
I am going to see the new movie Saturday!
I hope you're right brother.. I would certainly like to get my money back after wasting so much time here for two plus years...
It took Lance Collins 6 years to fully saturate SoCal and launch his last beverage..
The Problem with FIZZ, is there are just so many brands already national, Scott already has Minerco 28 million in debt, he will continue to use shares to fund this venture, the chips are stacking against it, and this space will change this year.. Scott already said that the formula is going to have to be changed in order to keep up with what the consumers are demanding..
Coke failed with FruitWater, but you can bet you a$$ that the version they come up with next through Dasani is going to be designed to give SparkIce a run for its money.
Vains won't be able to compete.. He doesn't have the money to compete against the big boys..
There is a lot of cause for concern here.. All stocks are good for a run, but as a long term investment, Minerco is just on shaky ground at best..
I am just being realistic brother.. If Minerco can't turn a profit in SoCal which Vanis and Ezra claim was saturated, how are they going to turn one on a National scale?
- Where is the money going to come from to produce that much FIZZ?
- Fizz will sit on the shelves next to 3-6 similar brands.
- They lose 1.5 million a Q just operating in SoCal, now magnify that by a national roll out..
If you're as smart as the hardcore's like to champion, certainly you can understand the point of view from a logical and realistic investor..
Happy Festivus..
Hardcore's for some reason can't be critical.. Maybe they have too much money on the line to see past the kool-aid and the fairy tales..
When Posters like you, me, JT, strike, and a few others discuss the reality of the situation, the numbers, and the short comings of the CEO, the hard core's can't take it, and won't undrstand anything but fairy tales..
Lets see what Vanis can do in the next few months.. I don't think he can redeem himself, and going national is going to really put us in a tight spot...
In the beginning, he said that they would build a base in SoCal that was profitable and would help sustain a national roll out..
If you read the Q, you will understand Minerco isn't profitable, and actually loses 1.5 million a Q in operating.. Just SoCal alone, going national might very well be the straw that breaks the camels back here...
Fingers crossed we run to .50 cents by June..
Vanis has almost already doubled the OS since the split.. He will have the current structured maxed out in another year..
pretty sure it was 35 million right after split, and it is already up to 56 million..
I have to admit, that if FIZZ is such a home run, why did the shadows did get out for such a low price?
I have a feeling some investors think they are going to make 300k on their shares, and the Giants sold to Vanis for that much..
In the early days, having them on board was the biggest selling point here.. I don't think the hardcore's realize how hard of a space this is to make money in..
Is that really how much they were bought out for?
I am not sure what you don't get, or maybe you don't read the filings..
1. Minerco is 28 million plus in debt.
2. During the three months ended October 31, 2015 we incurred a net loss of $1,535,103
They lose 1.5 million a Q just operating.. Yes, we are currently over valued in my opinion. You have to read the numbers brother..
Minerco sold something like 30,000 cases last year at $7 wholesale, and Vanis won't tell me the margin..
To reach 20 million in revenues through FIZZ which this newbie poster keeps suggesting, that its all about FIZZ..
Roughly 10 million cases will need to be produced and sold.. Where will we get the money to produce that much..
Reality brother.. The one thing I understand after reading another horrible Minerco's Q is this.. It is absolutely imperative that Vanis turns this ship around ASAP..
Going National is going to be extremely costly, and there is a possibility it could be the ruin of the company..
- The Q did suggest that they plan to spend 250k on advertising in 2016..
- The amount of shares issued in lieu of money during November alone is frightening. Now imagine buying the workhorse, and fulfilling a National Order, look out for the dilution.
- Two more years of this, and Vanis will have maxed out the current share structure and we will be split again..
Lets hope our hail marry comes before then..
Going through the Q finally..
For you hardcore's claiming this thing is undervalued, that is just wrong...
During the three months ended October 31, 2015, the Company has an accumulated deficit of $29,680,299 and revenue of $320,513.
- They only made 300k, but lost 1.5 million from operating. (what do you think going national will set us back?)
- Only having $281 dollars cash in the bank is not smart. Think of how your family would be if you only had $280 to get by on. This is a bad place to be.
- Net loss from operation; $890,000.00
- $112,000.00 in preferred stock dividends.
- Avanzar Line of Credit
On May 27, 2014, Avanzar signed a line of credit with BFS West Capital for a principal amount of $168,000 payable over 15 months and matures in August 2015 and $134,190 is outstanding as of July 31, 2014. As of July 31, 2015, $12,660 is outstanding. The current interest rate is 50.65% per annum.
* I will continue to go over this Q, and I will look for some positive insights, but at first glance there is nothing to champion here so far..
Honestly, Scott Vanis has made us wait how long for this 'work horse' to bail Fizz out.. 5 months has it been now, and if it is that Yo Gabba Gabba crap, that is just going to be one disappointing let down..
Talk about a marginal non sense demographic that will cater to.. I sincerely hope he has something A lot better than that.
That will put us on par with FITX and Giddy Up Energy..
Seems Vegas, New York, and UK have fallen through the cracks..
I'd wait.. Yo Gabba is weeks away still and National is months away at this point...
I don't deny that brother.. I am trying to keep this board grounded in reality...
Minerco is struggling whether you want to accept it or not.. Yo Gabba is a joke, and Scott continues to dangle carrots in front of our faces.. Nothing has come to light in 2015, lets hope something tangible comes our way by May...
It won't run like that again..
That was during the 'Pot Rush' which saw an unprecedented amount of new money into the OTC's.. Between all that new money, The Wolf, 420i, and all the Twitter Hype, that is what propelled the stock to such a level..
Those days are long gone..
exactly exactly... I DO NOT like every Flavor of Fizz, or SparkICE...
This board is just so biased..
I just can't put anymore money into this mess...
Like I said... The hardcore's are blind-fully biased.. Someone is buying SparkIce and must like it..
No matter what you like and think tastes good, guaranteed that someone else will think and like the opposite.. No debate..
I don't care what any of the hardcore's say.. They are all so blindfully biased..
Reality and logic lead me to believe that with so many similar brands on the shelf, which yes have very similar packaging, it is going to be hard to profit in this space..
Even if you think Fizz tastes the best, someone else is going to think that Refresher Ice or Spark Ice tastes better..
Just like some people like Coke, others like Pepsi, and others might even like RC.. Point is and what seems to be lost on many here, is that taste preference is personal, and everyone is going to have a different opinion..
I think in 2016 we will see the Next Generation of Brands that will be hitting this space too, which is going to make it even harder to gain recognition..
Tic toc, lets see what happens..
We heard all of this two years ago... Without a national ad campaign, I am not sure just being national will save us... It is going to cost Minerco a small fortune to go national, and when FIZZ is sitting next to 2, 3, 4, 5, and 6 other brands.. That will severely affect sales too..
Time will tell... Lets hope us long time MINers can at least break even...
I think I agree.. Hardcore's keep touting how undervalued this is, but Minerco is negative cash flow, only has shares to use in lieu of money, owns 100% of a drink that loses money, only has one product, has the idea for more, but only the idea, owns a rinky-dink distributor that makes no where near the kind of money that they projected..
A million dollars is all this thing is worth, and even that number seems high.. Vanis failed at the Mining business, which is what he was trained for, and is now in the beverage business which he knows nothing about..
He has had nothing but failed businesses on his resume, and really questionable that even though his business plans have failed he still seems to have plenty of money in his personal accounts. Throwing thousands into this thing.. Where did that money come from?
His story changes constantly, none of his promises have come through, he continues to dangle carrots in front of us...
I don't get it.. What are you hardcore's so impressed with here? VitaminFizz, it tastes great, but it isn't some ground breaking cutting edge miracle product. It is just one of dozens of similar brands..