Minerco Inc (MINE)

[KingMidasAu]

Well I haven't gotten through the fins just yet so I wouldn't want to put much opinion behind them other then I like the growth but the debt ratio does make me nervous. Need to do a thorough read before I want to give a full opinion but there are definitely some huge positives with some negative tail wind. The letter to the shareholders highlights the positive momentum they are gaining and talks about some great things they are working toward in U.k but I am just concerned about financing for over seas expansion with current debt. I don't know where they are with that expansion at this point exactly either. I am wondering if expanding nationally in U.S and Canada first would be cheaper but I am also not sure of the drink market in the U.k so it could be a home run. Have to wait and see going forward but I am still positive the company will continue to expand going forward.