Minerco Inc (MINE)

[StockScout1]

What I know for fact, is that Friday we opened at .0143 and closed today .017
http://quotemedia.com/finance/quote/?qm_page=79486&qm_symbol=MINE

What I also know per CC is that Scott tried to negotiate and prepay JMJ. JMJ refused and took 105M shares from TA. Then sold those shares promptly to a broker, while shorting MINE at the same time while broker sold those share into the BID.
It is also my opinion that .0166 appears to be the bottom of this hit parade.

See 10Q JMJ Note Agreement
http://www.sec.gov/Archives/edgar/data/1451514/000135448813007003/mine_ex102.htm

It appears that the first 90 days are interest free and as soon as they aren't then JMJ could execute the NOTE. Which they just did.

If you were the Chairman running this ship, what would be your next move?

BTW-This has nothing to do with pumpers or dumpers, it has to do with a loan shark company worse than Asher ever thought about being.. IMO!!!!!!!!!!

BTW-This Broker selling thru VFIN got off 43M off the 105M shares today..

I am expecting an uptick tomorrow followed by a down day on Thur. to get rid of the rest..
Hopefully, we get a PR to help mitigate this action, but that is all it would be. Mitigation!

The upside to all of this, is that this type of crap is finally about over..62M left to absorb. Then its over..All notes paid but 2 friendlies.