Minerco Inc (fka MINE)

[livinginstyle]

Look at the 10Q dated 4/30/13. It indicates there were 670,246,929 shares outstanding. (670.22 million) That's not bad considering. But, I then went to OTC markets and looked up MINE. According to OTC markets, as of 6/19/13 there were 989,346,929 (989.3 million) shares outstanding with 2.5 billion authorized. Then some one responded to me and indicated there were over 1.2 billion outstanding as of now. That's another 300 million diluted in a couple months.

Think about this, this company diluted 319 million shares in a 6 week period, that's not counting the extra 300 million. That's more than a 50% increase in share base. So, if you bought 1 million shares early April, your holdings have been diluted over 50% so it's like you just lost over 50% value of your holdings.

This stock will dilute to 2.5 billion and then reverse split.