Minerco Inc (MINE)

[Mitch145]

So here we are 6-7 months later.

From the most recent Letter To Shareholders.
QUOTE:

Continuing on, below are some frequently asked questions and my short answers:

Q: Will the company need to increase the Authorized Shares and/or do a Reverse Split?

(This is the #1 question I have been asked most recently!)

A: The Convertible Promissory Notes that are past their maturity date have to be allowed to convert or an exchange has to be negotiated. The days of the company taking Convertible Notes for cash are behind us, as we have graduated to LOC(s) and more traditional financing; however, a small number of these older Notes still exist and are being dealt with in a responsible (long term growth) manner. Since we are not taking any new Convertible Notes and the existing, mature Notes are virtually paid off, we believe the current share structure is sufficient to get us to the next step in our evolution.

http://www.minercoresources.com/news.php?p=103

Time for MINE to get back to where we should be trading at and it is not .0039 or lower.