Minerco Inc (fka MINE)

[StockScout1]

$MINE The Post R/S should appear like this or close.
Based on the Value of Class B's, I wouldn't be at all surprised in seeing a second market in them in the future, sold in the open market but MINE won't be OTC when that happens.

And since the Special Reserve Shares can't be used in daily operations it makes the reason for my Class B opinion above.

Authorized Common Shares 250,000,000
As of October 1, 2015 Shares Outstanding 34,844,402
SPECIAL RESERVE Shares (215,155,598) not for daily operations
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Shares available to Issue 155,571
Free Trading Shares 34,641,237
CERTS Outstanding 34,754,401
Book Outstanding 90,000

The primary purpose of the Common Stock Split would be to increase the per share price of Minerco’s common stock which we expect should help Minerco to:

a) meet certain initial listing requirements of the NASDAQ Capital Market or NYSE MKT. In order to comply with the initial listing requirements of either the NASDAQ Capital Market or NYSE MKT, Minerco’s common stock must trade above either $2 or $3 per share depending upon the listing criteria. The current market price of the stock is below the initial listing per share price required by the NASDAQ Capital Market or NYSE MKT; and


b) appeal to a broader range of investors to generate greater investor interest in Minerco. An increase in Minerco’s common stock price may make its common stock more attractive to investors. Brokerage firms may be reluctant to recommend lower-priced securities to their clients and many institutional investors have policies prohibiting them from holding lower-priced stocks in their portfolios, which will reduce the number of potential purchasers of Minerco’s common stock when it is publicly traded if the stock price remains low. Investment funds may also be reluctant to invest in lower-priced stocks. Investors may also be dissuaded from purchasing lower-priced stocks because the brokerage commissions, as a percentage of the total transaction, tend to be higher for such stocks. Moreover, the analysts at many brokerage firms do not monitor the trading activity or otherwise provide coverage of lower-priced stocks.

In evaluating the Common Stock Split, Minerco’s Board of Directors also took into consideration negative factors associated with reverse stock splits. These factors include the negative perception of reverse stock splits held by many investors, analysts and other stock market participants, as well as the fact that the stock price of some companies that have effected reverse stock splits has subsequently declined back to pre-reverse stock split levels. The Board of Directors, however, determined that these negative factors were outweighed by the potential benefits.
http://www.sec.gov/Archives/edgar/data/1451514/000145151415000028/mine14c31aug2015.htm