Replies to post #139862 on Minerco Inc (fka MINE)

[tob999]

As dull and pedantic as I remember..some things never change. So what is your point? Rights to distribute? Actually it is:

marketing, distribution and sale of the Brand.

[wallas2g1]

And where does it say MINE has acquired all the assets?
You know nothing. There are no assets to be acquired. Just a brand or in this case the license to use the brand in a certain geographical area. There is no tangible item to own here. Got it?

Go learn some property and patent law.

[bfavre40]

EVERYONE PLEASE READ

Here you go, straight from the filing:

On November 21, 2013, through our subsidiary, Level 5 Beverage Company, Inc. (“Level 5”), we entered into an Agreement (the “Brand Licensing Agreement”) with VITAMINFIZZ, L.P, a California Limited Partnership where the Licensee acquires the exclusive rights in North America (the “Territory”) to use VitaminFIZZ® (the “Brand”) on and in connection with the marketing, distribution and sale of the Brand.

As you can see, level 5 is entering into the transaction. I am unable to find the filing of Minerco's interest in L5 at the moment, but is over 70%

The Licensee and Licensor agree that the profit to be recognized by each party shall be earned and distributed as follows: (i) fifty-one percent (51%) of the net revenue derived from the sale of Products under the Brand shall be earned by and distributed to Licensee and (ii) forty-nine percent (49%) of the net revenue derived from the sale of Products under the Brand shall be earned by and distributed to Licensor as license fees.

There you have it. As stated in the Filing, the "licensee" which is L5 (70+ owned by Minerco) will receive 51% of net revenue of sale of product as part of the agreement. So one must take 70+% multiplied by 51% and gets 35%+ revenue of Vitafizz sale coming straight to Minerco aka MINE

Now technically, you may correct in that MINE does not own vitafizz, but if you don't call 35%+ revenue interest a substantial stake, I believe you are wrong. Execs at redbull, powerbrands, and big red are behind this brand. It will be big and MINE will receive 35%+ of revenue, a very comfortable position to be in.

[312Moneyball]

How old are you? I'm not convinced you understand the distribution laws. You are posting about acquiring assets...have you ever taken an accounting course? That sort of ownership isn't required when they DON'T EVEN PRODUCE THE PRODUCT. Hence the rights to distribution. Why would they need to make it if those are costs that don't need to be incurred.

IT'S CALLED A MAKE OR BUY DECISION KID

Get a grip dude, you were here before, and you didn't buy in for this last run...so what now? The run finished, made a few profit takers happy, but after a 30% pullback you come back out of spite. Mind you I'll even admit that at one point you originally posted VALID concerns, but now it just looks like someone has been prepared to come back to this board after missing out on the green.

Your salty ass doesn't hold a single bit of value here now if you just wanna go around touting for the shorts. Sorry bub. Better go back to taking your nap, you seem a little cranky today.