Minerco Inc (MINE)

[peafunke]

That is just operating costs. It does not account for existing debt notes and any additional buyouts, promotions etc.

See here: (the 1.1 billion is the initial AS increase. However that was at a pps of .015. With the pps at .008, they would need additional shares to cover debt in the form of conversions)

"Since the debt does not convert at a fixed conversion price it is difficult for us to accurately quantify the number of shares that we will be required to issue upon such conversions. Using the June 20, 2014 numbers, if all of the Company’s outstanding debt, warrants and all of our preferred stock were to convert to common stock, we would be required to issue approximately an additional 1,100,000,000 shares, which would exceed the number of shares currently available for issuance (even when including the existing “reserves” for certain convertible notes). If the stock price were to drop to $0.001 per share, we would be required to issue approximately an additional 2,100,000,000 shares of our common stock to cover all of our current obligations. "