Replies to post #203600 on Minerco Inc (fka MINE)

[OptimusMine]

So because he stated he had no plans of a r/s it can't/won't happen? He never said definitively in any filing that a r/s would not happen that I remember. I absolutely could be wrong, but again, I don't remember.

As for Vanis and his "word." Is everyone forgetting how he had no plans for dilution when he raised the A/S by a billion? I know, I know...a great opportunity came up to buy avanzar. I get that toxic debt had to be taken care of, but what else? Why all the extra dumping?

Look...has Vanis and minerco not done this before? I get we are no longer an energy company and are moving forward with a different plan, but I will not put it past Vanis to r/s on us until I see a financing plan put in place. So far the only financing has been at the hands of the shareholders and a $2million loc.

Sorry if typos...I'm on my phone.

Great post though ku...lots of great info

[StockScout1]

$MINE the post that sent Twitter ablaze.

[ENIMEYE]

GREAT POST KU! I'M WITH YA. MINE!

[JToews19]

I really hope it happens, but the company can rely on the safe harbor statement and say that they had no plans to reverse split, but circumstances changed at a later point. It was stated that the A/S increase earlier this year was only to cover the preferred shares and to advance endorsement negotiations, but we have no endorsements and now 3 billion shares outstanding with Avanzar popping up. IMO some action is needed to show some action like buying back some shares to bring investor confidence as to the SS.

[CHETRA744]

$MINE no worries bud!! Life is good!

[wallas2g1]

I, like many here do not wish an rs but the reality is that there's a good chance of that happening.

Given current SS there's going to be another AS increase or SS. There's no way around it because a buyback isn't gonna at this point.

These folks have a very aggressive business plan and need a lot of capital for it to be successful. The silver lining is that so far the product seems to be gaining traction and has good reviews (not Just on Amazon).

I wouldn't hold on So dearly to Vanis' statement of no rs. First of, he said they had no plans to rs at the time. Times change when you're running a business. Few examples. ..boost was supposed to be launched simultaneously with vitaminfizz; purchase of interest in avanzar; What happened to Ms Slater (account manager)? Secondly, some of the company's statements have been misleading or not verifiable in the past. Example, earlier this year, they hinted at rise n coffee boost being placed in 2 major accounts, the talk about celebrity endorsements etc.

Like I've stated earlier, I expect all 3.5 bill to be issued. Another AS increase is more likely than an rs. That's just history repeating itself (check historical SS) and also they need shares to cover "on demand" series b holders. Either way, we'll find out soon enough.