I just got this from scott vanis after I emailed him 2 hours ago.
V. Scott Vanis <scott.vanis@minercoresources.com>
9:49 PM (8 minutes ago)
to me
Dear valued shareholder,
Thank you for your interest in and support of Minerco – Level 5.
We are actively developing, evolving, expanding and selling (generating revenues from) our LEVEL 5 product line. The best way to bring value to our company, and our shareholders, is to develop and then sell a product that consumers want. Eventually, we strive to have an entire product line that consumers consider a part of their daily lives.
This last year has been a year of tremendous growth for our Company. We started the year using toxic debt to fund the Company and have grown to the point where we have not only paid off most of this toxic debt, but we are no longer dependent on it. In fact, as we now have entered the revenue generating phase of our business plan, we will be able to utilize traditional asset based lending solutions such as Accounts Receivable and Purchase Order financing in the near future.
However, I’d like to address your concerns about the increase in the Outstanding Shares and to make you feel at ease. First and foremost, Minerco never directly places shares of stock into the market unless registered under an S-1 registration or similar. Second, let me assure you that as Chairman, my focus is on overseeing the execution of our business and sales model while creating shareholder value. We recognize how important our shareholders are and value their input. We firmly believe that our Company’s share price will eventually reflect the success we are seeing at the corporate level.
Obviously, our company requires capital resources to operate. Since we recently (within the last month) started the revenue generating phase of our business plan, and we have not had traditional assets on our balance sheet to be used as collateral, the company has used convertible notes to raise capital through short term loans. We have chosen to pay off our most toxic loans with cash on hand, and we will continue to do so. Strategically, we are paying off debt faster than we ever have and have discontinued operations of our Renewable Energy Business to improve our balance sheet.
We are just now beginning to generate revenues from sales of RISE™ and COFFEE BOOST™, which will allow us to shift away from Convertible Notes to more conventional means to access capital. Additionally, our revenues will be re-invested into the LEVEL 5™ brand to fuel advertising, expansion and value. Based upon our belief in our business model to generate revenues through sales of our products and access to more traditional Asset Based lending, we believe we are the point where we will not need to collateralize stock to raise capital, and if we do, it will be minimal and short term.
I hope this puts your concerns at ease. Please let me know if you have any further questions or concerns!
Best regards,
Scott
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V. Scott Vanis
Chairman of the Board
Minerco Resources, Inc.
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