Replies to post #205479 on Minerco Inc (MINE)

[Mitch145]

I agree with your concerns and i am not Cherry Pickin from the last Q so here it is.

Expense Overview - FY 2015 - FY 2016

PHASE 1 - SATURATE CURRENT MARKETS with SUPPORT

PHASE 2 - ADD TOP MAJOR MARKETS with SUPPORT

PHASE 3 - ALL MAJOR MARKETS (Domestic) with SUPPORT

Our general and administrative expenses for the year are expected to consist primarily of salaries, transfer agent fees, investor relations expenses and general office expenses. The professional fees are related to our regulatory filings throughout the year.

Based on our planned expenditures, we have the necessary funds or financing vehicles in place to complete Phase 1 of our business plan. We require additional funds of approximately $4,500,000 to proceed with Phase 2 of our business plan over the next 24 months. Phase 3 of our business plan requires sufficient traditional financing vehicles to complete, and Phase 3 will not commence until these funds and/or financing are in place. If we secure less than the full amount of financing that we require or derive less than the anticipated amount of revenue from operations, we will not be able to carry out our complete business plan, and we will be forced to proceed with a scaled back business plan based on our available financial resources.
http://irdirect.net/filings/viewer/index/1451514/000135448814006256/
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So there it is in Black and White from Minerco.What is not factored in is if Phase 1 is a huge success than that makes Phase 2 all the easier and so on.They are getting the product out their in a responsible manor.I still say and will always say that " The People Will Decide".
It's as simple as that... So far so good and we are expanding. I think over all we could not be in better hands.
Hope the rest of the world likes it too.