Minerco Inc (MINE)

[ds_25]

Sold 1.6 million to get completely out last week... I'm about 3/4 of the way to making up my losses in less than a full trading week. I was lucky and moved a good portion into a couple solid MJ stocks, but they are all pretty hot right now.

I look forward to getting back to even... we'll see what this thing is doing in 30 days when my wash sell rules expire, but chances are they are gonna increase the A/S or R/S or most likely both. Tired of seeing the ongoing decline. Playing the pops were fine until the last 10Q... too much debt and no way to support ongoing distribution without using the shareholder dollars through toxic debt.

I like the product and what they are doing, but frankly, if it was all 'great', as we are lead to believe, traditional financing would be knocking at their door. However, a bank would not want to see those salaries on a balance sheet.

Good luck. Alway liked your posts because they are very level headed.