DD Support Board and Research Team

[nodummy]

MINE - Asher is converting the Note for well below the market price of the stock. The further the MINE share price falls the more shares Asher gets towards those toxic debts.

Usually their toxic debt Note agreements call for them getting free trading stock at a 50% discount to the average closing price over a certain stretch of days immediately preceding the conversion of debt.

So if MINE is trading at $.002/share, Asher will get their shares at less than $.001/share.

If MINE is trading at $.001/share, Asher will get their shares at less than $.0005/share.

If Mine is trading at $.0001/share, Asher will get their shares at less than $.00005/share.

It is impossible for Asher to lose money because of the unjust, criminal-like discount that they receive.

The last 10Q (under Section 10: subsequent events) MINE tells us that just a 3 week stretch from mid-May 2013 to early-June 2013, MINE has issued over 300,000,000 free trading shares towards toxic debt held by Asher and others.

http://www.sec.gov/Archives/edgar/data/1451514/000135448813003538/mine_10q.htm


On May 16, 2013, the Company issued 49,107,143 common shares pursuant to a convertible promissory note to dated November 1, 2012.

On May 20, 2013, the Company issued 22,392,857 common shares pursuant to a convertible promissory note to dated November 1, 2012.

On May 19, 2013, the Company issued 60,000,000 common shares pursuant to a convertible promissory note dated September 1, 2011.

On May 31, 2013, the Company issued 35,000,000 common shares pursuant to a convertible promissory note dated August 6, 2011.

On June 3, 2013, the Company issued 62,400,000 common shares pursuant to a convertible promissory note dated September 1, 2011.

On June 3, 2013, the Company issued 40,000,000 common shares pursuant to a convertible promissory note dated June 6, 2011.

On June 4, 2013, the Company issued 20,800,000 common shares pursuant to a convertible promissory note dated September 1, 2011.

On June 4, 2013, the Company issued 14,400,000 common shares pursuant to a convertible promissory note dated September 1, 2011.


The 4.9% restriction means nothing when Asher immediately dumps all of the stock into the market then just turns around 2 days later and reloads with a big new chunk of free trading shares.

As samsamsamiam points out in this post, MINE will have to issue upwards of over 2 billion more shares to satisfy existing debts, but as the price keeps dropping that number will just keep getting bigger as it will take more and more shares to satisfy the debt the further the MINE share price falls.

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=89506985

MINE also keeps adding new toxic debt Notes. Just during the last two months of May 2013, MINE added another $74,500 in toxic debt Notes.

This is called a debt-dilution debt cycle. The MINE share count will keep growing and the share price will keep falling causing MINE to have to issue more and more shares at lower and lower prices to satisfy old debts while taking out new debts to continue to pay the insiders their salaries.

Only ones that lose are the retail shareholders. MINE will just keep issuing more and more free trading shares towards toxic debts until the stock eventually gets to no bid and has to do a reverse split to keep the dilution scam going. That is all MINE has become is a dilution scam.

Review this post about how a Toxic Debt Note works:

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=68247638

Some day I expect to see Curt Kramer and Asher Enterprises in some kind of SEC litigation. In the mean time they continue to be one of the top toxic penny stock financiers killing one penny stock after another causing millions of dollars in losses to retail shareholders.

Oh but don't think that MINE is innocent in all of this. True they are too much of a failed company to qualify for financing, but MINE is very complicit in all of this putting out several press releases to sucker in retail investors while they issues millions upon millions of free trading shares to Asher to be dumped on those very same retail investors.

I even see Sierra World Equity Review (Guy Leitch) who has become the laughing stock of the penny stock world pumping MINE. Sierra World Equity has yet to correctly predict one buy out or merger. All they post is nonsense. I consider what they do fraud, but since they admit in their disclosure that all the information in their blog is just for entertainment purposes I guess it is meant as a joke. Sad part is some penny stock investors still fall for the joke.