Minerco Inc (MINE)

[coachum]

I thinks this should be posted 50 times and of course it should be a sticky.....

The process seems pretty clear to me.

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.

This process started on June 24th as mentioned here.

I would also like to thank you for your patience in regards to the timing of this update. I wanted to be in the position to affirmatively state that, as of yesterday, we have started the process of returning common shares to the company treasury

http://www.minercoresources.com/news.php?p=126