Replies to post #147643 on Minerco Inc (fka MINE)

[312Moneyball]

You are dang right sir. It's just so outrageous to believe that this would go anywhere but up with the stake they have in this company. 4 cents? Really? Do people honestly think that this is their max?!

C'mon people. Wake up.

[Sooah]

$MINE's Chairman and CEO are likely just like the other shareholders, checking the value of their shares daily. They would become multi-millionaires a whole lot faster if they execute the plans announced in the CC and make the PPS continue to climb with the same number of shares they own today. What would anyone do in this situation, split their stock, devalue the PPS, I don't think so! What is the value of 100 million shares at $1, $2, $5 per share! $MINE's leadership has a huge stake in this game to make that PPS rise to the occasion, not to split the stock! This is a common sense thing!

Vanis owns Preferred A, debt for ~$500K, indirectly owns Level 5 through his complete control over MINE since L5 is wholly owned. So, Vanis has adequate protection and will not lose much if he decided to reverse the stock after using up a billion more shares. And although Vanis stated no R/S he did not state no A/S increase, did he?

What normally happens with a typical penny CEO is that he plays the "no R/S" game, increases the A/S, gets the friendlies to take Preferred series (they're coming) with preemptive rights and protection, get more financing from newly issued shares...then R/S the common stock. Rinse and Repeat. So what does this do? Well, the friendlies--Preferred Stock holders--get protection and get to convert to commons after the old shareholders have been wiped out.

Mark this post and see what happens.