Minerco Inc (fka MINE)

[stervc]

buybio2, with this 8-K for this project…

For those who are not aware of the project, the project is called the Chiligatoro Project (or the Iscan Hydro-Electric Project) in Honduras. The project is under contract to generate $140.5 Million in Revenues which has been approved by the Honduran Government for whoever owns the rights to mature.

So, from what was filed with the SEC in that 8-K, MINE has returned 100% of that project back to ENERCOSA in exchange for a 10% royalty interest after the Project is completed by ENERCOSA or his assigns:
http://ih.advfn.com/p.php?pid=nmona&article=57766710

This tells me a few things.

1st ** This tells me that MINE has trimmed down its operations to focus on the beverage operations alone.

2nd ** This tells me that ENERCOSA must have a plan to complete the operations or they would not have wanted the project back.

3rd ** This tells me that MINE is confident that the project will get matured because MINE has positioned itself to obtain 10% of that $140.5 Million which equates to MINE getting $14 Million for returning the deal back to ENERCOSA.

4th ** This leads me to think that MINE is very close to moving forward as they are securing the company’s direction to be as one.

v/r
Sterling