Minerco Inc (MINE)

[wallas2g1]

What you're alleging seems like a breach of contract on the part of JMJ if they are indeed "shorting" MINE.

Per the agreement, JMJ has the right to refuse payment of the outstanding amount after 90 days of the effective date of the agreement (which is long past) so their refusal to negotiate does not seem to be a big deal however shorting MINE common shares is a different issue. IMO

So how do you know they're shorting MINE?

Paragraph 9 of Agreement with JMJ.

No Shorting. Lender agrees that so long as this Note from Borrower to Lender remains outstanding, Lender will not enter into or effect “short sales” of the Common Stock or hedging transaction which establishes a net short position with respect to the Common Stock of Borrower. Borrower acknowledges and agrees that upon delivery of a conversion notice by Lender, Lender immediately owns the shares of Common Stock described in the conversion notice and any sale of those shares issuable under such conversion notice would not be considered short sales.