Good Morning,
Yesterday was a phenomenal volume and it did not go unnoticed. Near the closing session we witnessed huge blocks going off as the same closing session on Tuesday were as well huge blocks.
I was in talks with some former associates yesterday about the huge volume and they as well were overwhelmed. We all concluded that something is definitely in the works. In a indiscrete way, the 'something in the works' is tied to the Ticker -MINE-.
The history of MINE and it's CEO certainly comes with some history of baggage. However, these pinksheet CEO's of the past are not so keen to continue their sloppy ways as the SEC has finally within the last 10 years have been making an effort in legally going after their fraudulent practices and I believe things in this respect of MINE may be different.
Mr. Vanis knows this and I believe although there will always be dilution his behavior is well known and observed. As far as I see this, he is still within the law and so far there is nothing that indicates nefarious intent.
The latest PR from CEO Vanis CEO of Minerco stated, "We can't be more excited about finalizing the contracts and details of these new acquisitions for the company. One pending acquisition in particular is in perfect harmony with our company name and fits our 'MINE ticker' perfectly, not to mention one of the hottest spaces in the market." Definitely states that.
My sources thinks that the volume and the huge blocks came from sources tied to the acquisition that this deal from Mr. Vanis has and may be finalized.
As a former IPO and R/M consultant makes this scenario on volume a reasonable assumption since many of the projects I worked on had increase in stock purchases of the public company in this case (MINE). In most case, the acquired company is kept secrete, but certainly MINE is getting noticed that this is extremely unprecedented by just the volume alone.
Yesterday's volume probably is a very unusual trading session and appears the buyers have filled their coffers and holding now for the LOI.
About raising the A/S. Generally doesn't concern me since my feelings on this comes in different aspects what the company has in mind.
It is reasonable to assume that the raising of the A/S comes with financial incentives in the way of preferred stock, Warrants and other financial instruments to close the deal with the acquiring firm. This happens all the time in these negotiations in merger talks.
There is definitely something in the works and I believe the announcement is on the horizon.
Stay tuned, because this issue is going to get exciting and I have tickets for this ride just for the crossing the finish line one way or the other.
Now of course this is just my opinion and others that I have discussed this issue with and I have no inside information, but the action here is certainly going to get noticed if it hasn't already and believe it is about to be unfolded.
Sound trading.
Have a good day
varok
AI
