***MINERCO (MINE) RESPONDS TO SEC SUSPENSION OF TRADING ON OTC MARKETS***
Company Will Fully Cooperate With SEC In A Timely Manner
ANN ARBOR, MI / ACCESSWIRE / June 4, 2021 / Minerco, Inc. (OTC PINK:MINE) today announced that on May 26, 2021 , the Company was notified by the SEC that it had ORDERED, pursuant to Section 12(k) of the Securities Exchange Act of 1934, that trading in the securities of the above-listed Company is suspended for the period from 9:30 a.m. EDT on May 27, 2021 , through 11:59 p.m. EDT on June 10, 2021 .
Julius Jenge , Chief Executive Officer of Minerco, Inc. said: "The Company has hired SEC counsel and will fully cooperate with the SEC in a timely manner. We will provide additional information and updates as permitted, to our shareholders and the markets as the matter develops."
The Order of Suspension of Trading stated that: " It appears to the Securities and Exchange Commission that the public interest and the protection of investors require a suspension in the trading of the securities of Minerco, Inc. ("Minerco" or "the Company")(CIK # 0001451514), formerly a Nevada company, because of questions and concerns regarding the adequacy and accuracy of information about the Company in the marketplace and unusual and unexplained activity affecting the market for its securities. These include questions and concerns about the status of its corporate organization, its ownership, the accuracy and completeness of its public statements to investors about its activities, inconsistencies between its statements on social media and in its press releases as compared to its financial disclosures on www.OTCMarkets.com, and the possibility of manipulation of the market for its securities. As of May 21, 2021 , the Company's common stock was quoted and traded on OTC Link whose parent company is OTC Markets Group Inc., under the symbol MINE. As of May 21, 2021 , the Company's common stock, had seven market makers, and was eligible for the "piggyback" exception of Exchange Act Rule 15c2- 11(f)(3) under the Securities and Exchange Act of 1934.
The Commission is of the opinion that the public interest and the protection of investors require a suspension of trading in the securities of the above-listed Company."
