Replies to post #204292 on Minerco Inc (MINE)

[Woodyx2]

The Convertible Promissory Notes that are past their maturity date have to be allowed to convert or an exchange has to be negotiated. The days of the company taking Convertible Notes for cash are behind us, as we have graduated to LOC(s) and more traditional financing; however, a small number of these older Notes still exist and are being dealt with in a responsible (long term growth) manner. Since we are not taking any new Convertible Notes and the existing, mature Notes are virtually paid off, we believe the current share structure is sufficient to get us to the next step in our evolution.

[twodips]

Some might say it takes money to make money ;-) albeit off of the shareholders backs but hey, this might just work out ok...

Not really... Not going to lie, the revenues greatly surprised me but the share structure is ballooned to hell

[bojangles12]

About 50/50 (good/bad)
As we all expected

Having said that.. There is no reason this can't see and hold some major green tomorrow

We shall see how the market reacts
Will have my finger on the trigger as always

[OptimusMine]

I see one good thing on the 10Q and that is revenue. Everything else looks horrible. I do not know how they plan to continue operating, but it will be interesting to watch. They plan on spending $26 million over the next few years and only have $650K LOC left. Holy god, I hope sales continue to multiply because there is zero possibility us shareholders don't have to bail them out again without a higher LOC which did not sound to promising.