EMAIL FROM SCOTT VANIS CHAIRMAN OF THE BOARD $MINE
V. Scott Vanis
To Me
Dec 26 at 6:20 PM
Happy Holidays to you and yours from the entire Minerco – Level 5 team.
We have been very busy in 2013. However, we believe 2014 will be our breakout year. We have put together a great team, but we still have a few slots to fill. But before we fill these spots, we need to grow the business a little bit more to attract the pedigreed beverage leader we desire.
Our Key Account Manager has been very busy (even hard to keep up with) meeting with key chain accounts. We will update all shareholders as her successes translate into finalized agreements and /or purchase orders.
To address your group’s specific concerns:
Dilution: We have been and will continue to repay, exchange and/or restructure our debts at every opportunity. We have made it this far (this fast) with promissory note financing. We have moved away from toxic financiers in the direction of friendlier financiers. In 2014, we believe we will be in a position to move further down the finance road to include AR financing and eventually conventional loans and credit lines.
Additional Product Lines. I completely agree that our original products need to be established before we expand to other product lines. However, John and I have no business running the day to day operations of a young beverage company…so the acquisition of VitaminFIZZ® was very strategic for the experienced and pedigreed people it aligns/partners with Level 5. Together, we have an impressive team!
PR’s & 8-K’s. We have now graduated from a development stage company to a revenue generating company. We will continue to keep our consumers and shareholders informed as developments and opportunities materialize. We will report them after they happen…not before they might happen. The Holiday Season is slow for all companies, especially for a company trying to place new product in new accounts. Stay tuned for the newest developments.
Staff comments. Comments from Mr. Ezra, Ms. Slader and Mr. Fontaine will continue to be included in PRs; however, their time is much better spent growing our business. When it makes sense for them to comment, we will make sure their feelings and vision is shared with shareholders and consumers.
Forward Vision. In line with the response above about PR’s & 8-K’s, we will share as much forward looking guidance as possible and feasible. However, we cannot share our estimates, projections or alike until we have a realistic baseline to start from. I hope we will have the baseline established in first few months of calendar year 2014. We are focused on the exponential growth of Level 5 (with all 3 brands), but we will continue to be conservative in our official forward looking estimates.
Giants in shadows. We do have some industry “Giants” on our side through VitaminFIZZ®. They are completely engaged in not only the re-vitalization of VitaminFIZZ® but also the expansion and growth of our other products. When the time is right, they will step out of the “shadows” and maybe even into the spotlight. But before then, we will continue to be grateful for their expertise and collaboration. All in due time.
Q1 2014 Form 10-Q. We filed our 10-Q without any reported revenues. As per SEC guidelines and Minerco’s legal counsel’s and auditor’s advice, we did not include Accounts Receivable in the subsequent events to our 10-Q. The quarter ended 10/31/2013, and we did not invoice our distributors until December, 2013. Amazon sales also have a slight lag time and did not make the 10/31/2013 cut-off. At Minerco and Level 5, all Financials (including AR) will be audited and approved by Counsel and Malone & Bailey before we release them. To do anything to the contrary would be irresponsible.
In closing. We are excited to get 2014 started. We believe it to be our year! As always, let us know if you have any further comments or concerns. Thank you for being a MINER!
Wishing you a Happy and Prosperous New Year!
Scott
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V. Scott Vanis
Chairman of the Board
Minerco Resources, Inc.
Opinion is a judgment, viewpoint, or statement less than absolutely certain, and is the result of interpretation of facts.
Since this is my interpretation, I would suggest you do you own DD.
