Minerco Inc (fka MINE)

[TheProfit]

I just took a peek at it, MINE has a ton of potential but honestly MINE does not look like it going to make it w its current 'game plan' I have supported them and will continue to do so but on a much 'lighter' basis. They need add financing just to repay existing loans to date, NOT GOOD. This is why they took the last deal at $.0004 conversion, "We will need to raise additional funds in order to repay these loans. We cannot assure you that additional financing will be available if needed on terms favorable to us. We currently do not have any commitments for additional funding in light of the fact that we terminated our equity line due to our inability to meet the sales volume requirements for its use."

I have spoken w them recently and have tried to convince them to just get the projects FULLY Permitted ready to go for construction, THEN resell the rights to another company that has av resources, to get them in a more sound financial state, then take one from concept to completion at that point, b/c at there current cash burn rate its not working here
JMO's I will be here long term and will buy more when I see fit