Minerco Inc (MINE)

[peafunke]

Exactly what I said. But lots of replies with definitive remarks about how the AS will not reach the OS for years because they are going to Celebs etc. Not all will go to celebs.

Mine is about 5.7 million in the whole with barely any income ( of course this 'should' change ). It all depends on the test market of New York.

But that being said they still have several notes / debt. If they are converted to stock to pay them off , it absolutely will dilute.

"
The board of directors believes that authorizing this increase in the number of authorized shares of common stock is in the best interest of Minerco and its stockholders in that it could be obligated to issue common stock upon conversion of certain existing outstanding convertible debt and preferred stock in excess of the amount authorized and it will provide the Company with available shares that could be issued for various corporate purposes which may be identified in the future, including acquisitions, stock dividends, stock splits, stock options, convertible debt and equity financings. On June 20, 2014, Minerco had 61,709,187 shares of common stock available for issuance after taking into account all shares reserved of convertible securities which we believe may not be sufficient to satisfy all outstanding debt obligations "