Minerco Inc (fka MINE)

[Eli-316]

Actually, a R/S is great for a company that has the right motives. In fact, in order for MINE to make it to the big exchanges, they would have to do a R/S, which again, as long as the company isn't a scam, is a good thing.

I believe the price to list on the Nasdaq is $4 per share and the American Exchange is $2 to $3.

The only way MINE would be able to uplist would be to do a R/S in order to get the share price to these levels.

The thing you have to remember is that with a R/S, you lose the amount of shares that you have but your actual vakue is the same.

The reason the word R/S is a bad word in the penny world is that most penny companies do a R/S and then start diluting again which drives your $3 per share price back down to under a dollar and sometimes even much lower. In this case, the company pretty much stole your money by reducing and making them worth much ore money but only for a short period of time; then they dilute and you are in much worse position than when the R/S happened.

IMO, when MINE does a R/S, it will be a good thing as they won't be diluting shares at that point and one of the many requirements to uplist will be established.

If I missed anything feel free to add or correct me.