Minerco Inc (MINE)

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$MINE A Letter from the Chairman March 23, 2015 Concerning UPLIST!
It is now, 6 months later the 23rd,..Hmmm! Appears to be right on schedule to start the ball rolling up this hill and meeting the share price of .433 to meet the Market Cap Reguirement and only $430K from Equity Requirement.
Let's see, 10-K is due 11/7/2015..WOW! Anybody getting nervous yet? As you know from previous experience, a lot can happen in the next 7 weeks.
Important New Focus
In this update letter, I would like to substitute the normal FAQ section with information about an important new focus of our company.

For the past few months, we have been speaking with representatives of major listed exchanges and numerous eager underwriters as we plan for and evaluate a move to a listed exchange, either NASDAQ Capital Market or NYSE Market. With our proven and measurable successes, our insistence on operating / communicating like a Listed Company, and our bright and prosperous future; we have been recognized by numerous groups.

Moving to a listed exchange will benefit our company in every way. A listed exchange provides our company more exposure (to institutional banks, funds and investors) and provides better terms on capital and financing. The move to a listed exchange also helps to protect long-term investors’ value by mitigating volatility (many times caused by manipulation) that can occur in our current market.

Our discussions and evaluation are ongoing; however, I would like to update you on the status. While there are numerous standards for eligibility, we are concentrating on two standards from each exchange. The requirements for listing on either of the listed exchanges are as follows:

Later on: 6/1/2015

As shown in the table above, we meet 7-8 out of the 10 requirements. Of the remaining 2-3 requirements for eligibility, the Shareholders’ Equity requirement is the most demanding for our company. The simplest and most obvious ways to achieve the minimum stockholder’s equity requirement are 1) Exchange existing long term debt to equity positions on our balance sheet; and 2) Produce and/or acquire positive assets. Please keep in mind, this does not happen overnight. It is a process.

A substantial equity capital raise (held as cash on balance sheet) could provide us with the required Shareholders’ Equity. Additionally, we believe more value will be delivered to our shareholders by identifying, evaluating and acquiring cash flowing assets. These assets will fit into our scope and/or be strategic in nature. Over the coming months, we plan to aggressively negotiate with our lending partners in order for them to become long-term equity partners and evaluate (then acquire) strategic and / or vertical assets that fit within our reach and scope.

Together, we have made a strategic investment and the beverage world has taken notice of our products, our success and our bright future. We have accomplished a remarkable amount in a very short period of time. But looking back (for more than a second) will only slow us down. As we continue to execute our plan going into the Summer Season, the pace will only get more frantic. As more people sample, love and demand VitaminFIZZ in their favorite stores, our beloved flagship product will, we believe, continue to expand and evolve into a dominant, global brand.

Note: We are only talking about VitaminFIZZ (so far). If you remember, we have a few more major category contenders in the pipeline!
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