Minerco Inc (MINE)

[Digra Ive]

Taken from Minerco Resources Chairman & CEO Issues Letter to Shareholders Regarding Q2 of FY 2015.
Would you mind to comment/simplify what our CEO tried to explain.
Thank you.

As shown in the table above, we meet 7-8 out of the 10 requirements. Of the remaining 2-3 requirements for eligibility, the Shareholders' Equity requirement is the most demanding for our company. The simplest and most obvious ways to achieve the minimum stockholder's equity requirement are 1) Exchange existing long term debt to equity positions on our balance sheet; and 2) Produce and/or acquire positive assets. Please keep in mind, this does not happen overnight. It is a process.

A substantial equity capital raise (held as cash on balance sheet) could provide us with the required Shareholders' Equity. Additionally, we believe more value will be delivered to our shareholders by identifying, evaluating and acquiring cash flowing assets. These assets will fit into our scope and/or be strategic in nature. Over the coming months, we plan to aggressively negotiate with our lending partners in order for them to become long-term equity partners and evaluate (then acquire) strategic and / or vertical assets that fit within our reach and scope.