Minerco Inc (MINE)

[GreenRush2014]

If U missed it: $MINE Reverse Split.?? Answer:

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.