First, let me say that I apologize for posting that VANIS finally responded to my email w/o actually posting his response.
I do admit that for the 1st time in the almost two years that I have been an owner of MINERCO, I was becoming concerned about the shares still not being returned to the Treasury three weeks after Vanis told us that the process had been started.
Earlier today when I said that 3 weeks later and shares still haven't been returned to the Treasury, I was a little right but big time wrong. LOL
Here is Scott Vanis response to my questions about shares being returned to the treasury and if "Unified Grocers" is the new key account that he was talking about when he mentioned the new key account being a "game changer."
Brock,
We are moving full speed ahead. We believe we have been very transparent.
Our procedure is to detail events AFTER they happen, not before or during.
We feel we have laid out the plan (in a fair amount of detail), and we are
executing on that plan.
As far as the share structure and shares returning to treasury...yes, it has
started. The process is complicated and time consuming. Pulling electronic
shares out of the DTCC (Cede & Co.) in paper form takes 10 - 25 business
days (depend on Brokerage Firm), then the shares go to our transfer agent in
escrow. From this point, it takes another week (or two) to finalize the
transaction(s). Only at this point will you start to see a reduction in the
Outstanding Shares reported by the Transfer Agent.
The new "game changing" account truly is a game changer. I realize you (and
all shareholders) would like more details on this account, but I am guessing
you do not want us to jeopardize this account for any reason or under any
circumstances. This is a HUGE milestone in our business model, and it would
be unwise of us to jeopardize this new relationship by "jumping the gun" on
its announcement.
Have a great day!
Scott
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V. Scott Vanis
Chief Executive Officer
Minerco Resources, Inc.
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