Minerco Inc (MINE)

[peafunke]

From the 8k. This is known.

Again... If the AS has to be increased again then u can ring the alarms. Until then expect the OS to rise from time to time to pay off notes and extend or expand operations.

'
The increase in the O/S is twofold. (1) A few of the Convertible Promissory Notes entered into by the Company in early 2014 (and before) became due and/or presented conversions in Fiscal 2015 Q1. These Notes were allowed to convert out (we have no choice on Notes past their Maturity Date) to preserve operating capital during the hard launch of VitaminFIZZ on both coasts, especially once the launch was determined to be an “unprecedented success” by industry giants. (2) The opportunity to acquire Avanzar was literally a “once in a business plan” opportunity. We needed additional capital to complete this acquisition. The Avanzar acquisition will add an estimated $450,000 per month to Minerco’s FY 2015 top line revenue based on the deal structure. The long term financial and operational gains of this strategic acquisition / integration far outweigh any short term concerns.'