Replies to post #197618 on Minerco Inc (MINE)

[Jamesrmilligan]

Saw that also, looks like it

[Flr1]

Sure looks like it. Good signs all over.

[pristine]

No, part of the management "incentive plan" in which they receive Class B Preferred shares as a bonus. They convert at a rate of 500:1 common shares, so it's actually a free 25,000,000 common shares. Not a bad payday for Vanis, LOL

"shares of Class B Preferred stock converts to common stock at a ratio of 500 to 1"

"On September 16, 2014, the Company issued 500,000 common shares under its Key Employee and Distributor Incentive Plan. The shares were issued in reliance upon Section 4(a)(2) of the Act."

"On September 16, 2014, the Company issued 500,000 common shares under its Key Employee and Distributor Incentive Plan. The shares were issued in reliance upon Section 4(a)(2) of the Act."