Minerco Inc (MINE)

[ChrisKo]

The results of stock post R/S is based solely on the company status. Right now or anytime in the near future MINE won't look appealing based on their level of debt, and lack of saturation in the market, and huge costs for their small gain in revenues. If MINE has generated quarters of multi-million dollar growth, as well as cutting down the debt, then an R/S could be effective, but it will not stop volatility, and actually opens the stock up to a lot more retail shorts or institutional shorting if they see quarters of failure like this one was. ECIG is good example of something that had minor success (unfortunately diluted its way back down to a penny stock to R/S again), SLTD had some troubles early on, but has recovered.

The problem is there are many other OTC stocks that attempt to up-list that fail that you may have never heard of because they didn't last very long. If Minerco can't find a way to responsibly clear up the debt, and avoid diluting this stock any further, than it doesn't matter. Longs are going to attack me, but I don't care, good luck to all.