Troops,
I have been invested here for two years now, and I plan to continue watching this develope, but I can't pretend there aren't issues and concerns.. Here are my arguments for the naysayers of my earlier post.
1. Don't I think there is going to be revenues? Yes, eventually I hope there are revenues, but Minerco needs 5 million to keep going, and if you looked at the last Q you will see we are no where near that number, especially when it costs over 2 million a Q to fund operations.
We don't have the money to produce that many bottles and run that many advertisements to generate 5 million dollars.
Also my concern with 6 other near identical brands on the shelves has to effect the amount of Fizz sold..
2. I agree with another poster, returning shares to the treasury dosesn't do all that much as they are still there for dillution, and you honestly think they are going to return that many? It isn't easy to dent 3.5 billion.
3. Scott Vanis said that once the uplist is a go we will have to address the share structure. What do you think he means, a R/S.
4. 'If there are only 100 million OS institutional money won't touch us.. Who ever said that is wrong. For Example, GWPH has 21 million shares outstanding and has 58.5% held by institutions.
Also, if Minerco had 100 million OS and the pps is $1 they are a 100 million dollar company, you're kidding yourself right? Big Red is a 150 million dollar comapny and it will take Minerco years to get to that point.. Have we even produced a million bottles let alone 100 million to produce those kinds of revenues?
Like I keep saying, I am invested here, but we need to do some math and gain a bit more of a mature out look..
Time will tell, but Vanis needs to do a lot of work just to keep the buisness running let alone produce even 5 million in revenue.
May the force be with us all...
