Minerco Inc (MINE)

[einrad]

First of all I am long and will stay long. Too much going on here.

However, I have wondered why the stock keeps on plummeting with such great news. Sure there is dilution. But my opinion is the common stock is owned by too 'few' people and can be easily manipulated. From the 10k as of Oct 31st, only about 37 people owned common shares? IMO once sales start coming in and more people own Mine this will do nothing but go up. But right now imo, with so few real longs and shareholders it will be hard to make any significant move up. The stock can be easily manipulated by just a few people imo. On the bright side, with it so low I am continuing to load up.

Let me know if I have read the 10k wrong.


From the 10k:

Holders

On October 31, 2014, we had approximately 37 shareholders of record of our common stock. The reported sale price of our stock on October 31, 2014 was $0.0045.

http://archive.fast-edgar.com//20141107/AKAZ422CZ222SJZM222B2ZZZDCBQZNG2ZO62/