Replies to post #152518 on Minerco Inc (MINE)

[StockScout1]

Good question..and my belief..JMJ FINANCIAL took possession of shares Friday. It could have been a day or two earlier as I didn't pull share report from Kim at TA.
Friday went from .0143 to close .019, no problem high volume day.

M.O. for JMJ is to sell immediately all shares acquired to a Broker..Need that broker name! Also on TA report shows 1 increase in brokers.
Once shares sold to this broker, JMJ immediately takes short position. Today's early trading suggested such an occurrence.
As broker sells shares through VFIN moving PPS down, JMJ starts to cover, faster the better. They are trying to get this done asap without notice..
THIS ALSO SUGGESTS COLLUSION ON THE PART OF BROKER. Also, part of the M.O.

[Sooah]

Paragraph 9 of the JMJ/MINE agreement does not pertain to shorting after conversion because once the lender converts, the note is no longer outstanding. The provision is there to prevent illegal arbitrage on the part of lender so that it does not intentionally lean on the stock (manipulate) to obtain basement level price while the note is still open.