Minerco Inc (MINE)

[2obee1]

This is a great post...

- I agree about the uplisting to a major exchange.
1. The company would need to be profitable.
2. There will most definitely be another reverse split to get us there. There will have to be a fair valuation to be listed and to get real investors interested.

$4 (required pps) xs 35 millions OS = $140,000,000 company

* That simply is not a reasonable valuation or market cap


Bryce, the R/S gives Minerco access to money and it had to be done, but have no doubts.. They will continue to run operations and use shares to pay for things just like they have been. So that 35 million OS will grow to 100 million or more, and then the valuations above will be even more ridiculous..

Vanis has given us nothing but pumps and forward looking statements all year, and that is when he decides to make an appearance. None of his statements for the year have come through, and that is why I am now skeptical of his current statements..

If you didn't see the back pedal in his last letter about the 'game changer' then I suggest you go back and read. They don't have a work horse yet, but are eyeing a few potentials. If a drink is already successful why would it be sold to a company whose losing money?

I have to say this stock has become high drama and I am curious how it will play out, but there is no denying that the company dynamic has changed. As I and others keep saying, we now have a track record to follow, and it is sloppy.