Minerco Inc (MINE)

[davecase]

Sales are dropping fast just like I said they were. So much for SS1's DD.

Straight from the 10Q
Revenues
During the three months ended January 31, 2016, total revenue decreased 72% to $196,021 compared to total revenue of $740,985 during the same period in fiscal 2015. The decrease was due a decrease in service related revenue and decrease in capital invested into the distribution business due to a reallocation of capital into our beverage business.


Gross Profit
During the three months ended January 31, 2016, gross profit decreased 74% to $35,412 compared to gross profit of $135,249 during the same period in fiscal 2015 The decrease was due to a decrease in sales.