Minerco Inc (MINE)

[einrad]

I remember a couple months ago when we popped up a little over a penny. I thought the sub pennies were behind us. Now look where we are. Very disappointing with all the great news.

New companies will make mistakes, they need to focus more imo. The UK imo is a waste of time, effort and money. Florida Spring break without a full launch and distributors there was another waste of time, effort and money. Something like that would have been best saved for a major product launch or when we go national so that kids returning from Spring Break can easily buy the product.

Now in MINE defense, there are also a lot of good things that have happened. Reducing bad debt and converting to lines of credit is good imo. Continued expansion in California and Las Vegas is good. The Avanzar deal was a great coup imo. But with all the good things that have happened and continue to happen I don't see the PPS reflect what it should be. I just hear excuses. Well excuses don't influence the PPS in a positive manner.

Don't get me wrong, I love MINE and will continue to buy, but will do so cautiously. All companies make mistakes while growing, MINE included. I would NOT call them a FAIL, and I won't try to make excuses for them, but I will also applaud them for what they have done so far. I just hope we don't waste this spring and summer without going into some major markets here in the US.