Minerco Inc (MINE)

[StockScout1]

2015 Revenues $2,450,000, Fiscal Year End July 31, 2015
https://www.sec.gov/Archives/edgar/data/1451514/000145151415000052/0001451514-15-000052-index.htm
Last 6 months ending Jan 31, 2016 $516,534
https://www.sec.gov/Archives/edgar/data/1451514/000145151416000068/0001451514-16-000068-index.htm

This number is wrong as you can see, numbers have nothing to do with each other. Totally separate!
First 6 months ending July 31, 2015 $1,933,466

Looking Ahead

Given the timing of the licensing and new product events, we believe that meaningful shipments will occur sometime during the second half of this calendar year. With that in mind, management noted in a recent filing that it targets revenue of $5M in fiscal 2017 (beginning in August 2016). With the re-launch of the flagship offerings and the launch of new products, we believe that the revenue figure could be considerably higher as national accounts i.e., Walmart (NYSE – WMT), Kroger, etc. begin to take delivery of new products in 2016 - 2017.

Considering one national account could account for $1-2 million in annual twelve-month sales per product line, the $5 million objective for branded beverage sales could prove conservative. In fact, we believe that a $10M annual beverage revenue-run rate could be achieved sometime next year, which could assume a $30M or $0.35 valuation for Minerco. After all, a 3x-5x price-to-revenue multiple in buyouts is not uncommon in the current environment whereby larger firms are actively seeking to add specialty, hybrid drinks to their portfolios. Moreover, even on the low end, sub-$10M in sales peers such as True Drinks Holdings, Inc. (OTC – TRUU) trade at multiples north of 2x revenue. In our view, Minerco, Inc. (OTC – MINE) offers investors a unique opportunity to invest in a company whose shares were treading water while management pressed the “pause button” only to recently press “play” in conjunction with the execution of key business development events that could transform the company and substantially increase its value. Therefore, we rate these shares Speculative Buy with a $0.35 target price.
http://www.goldmanresearch.com/201604121116/Opportunity-Research/major-growth-ahead-for-mine.html