Minerco Inc (MINE)

[JToews19]

Wasn't the implication always that a reverse split would not happen except to help uplist? "the share price will be the addressed only after the other requirements for uplisting have been met." Yeah, I thought that would happen...eventually and that the goal would then be to improve the pps with the owning the same percentage of the company. That's not why this split is happening, it's to be able to dilute for further funding of the company. I recall that I was really skeptical after the Q was released as to how funding would continue based on the numbers and you called me and others whiners just looking for a PR every day. Vanis' response was they were returning shares to the treasury somehow, and stating that they "definitively believed" that the current share structure would take the company through the next phase and that financial partners were lined up and the note they had taken out was only for emergency production for a "game changing" account. The numbers certainly did point to a R/S but a lot was said to make people think meanwhile that things were under control and the details just couldn't yet be shared. To say that everyone should have expected that a R/S to be able to continue funding was part of the business plan and just needed to happen is revisionist history. The financials showed it but was possible but the company led people to believe otherwise.