Replies to post #256576 on Minerco Inc (MINE)

[StockScout1]

AWESOME POST OBI WAN..I mean that with uptmost sincerity. As you said, it is gonna take longer than originally planned for but all convertible debt is gone and now the Large Capital Investors and Banks can take a very hard look indeed.

"Big Red" used CitiBank and Goldman-Sachs to expand with. Just a thought!

[Stumpnuke]

Very nice post! It is good to see that there are some who can take a look at the big picture and not start firing off bullets at management. I've been in Mine for several years and am prepared to be here several more. My opinion is that the management is trying everything they can to build this company and that includes making some tough decisions that won't be popular with some people for now. We will watch this play out over the next year and see where people stand then.
In the meantime I will just watch all these posts and reserve the right to smile when Mine is doing well someday. Call me an optimist (or call me stupid) if you wish but in the grand scheme of things I think Mine will prove to be a winner (even if it does take longer than some would like!).

[JToews19]

Good post Obee

Also, I have been saying for a long time that VitaminFizz just isn't profitable yet. If you took the time to understand the last Quarterly report you would have understood what I was trying to say. Scott's PR today states that it cost so much money to produce, that we aren't making money on it, and so they have to now partner it up with another brand. 


While being a staple, VitaminFIZZ is very capital intensive when launching into new markets, and we feel it requires a complimentary brand that can support the corporate monthly burn rate. I have internally nicknamed this new brand a "house" brand but believe the moniker "work horse" brand is more fitting. This new brand will be many things including 1.) already developed, 2.) cash flow positive and 3.) easily integrated into our existing infrastructure network 

I guess though this brings up again a criticism that some of us have had for some time on why it made no sense to suddenly expand to the UK. People kept insisting that it was just an easy production for a distributor and then a check at a profit comes back in upon delivery of the shipment, but this was not the case based on the statement that it is costly to enter a new market, plus the UK required reformulation of the product from the US version. Focusing on getting SoCal towards being on stable financial footing first, especially if they used 1 billion extra shares for Avanzar at shareholders' expense would have been a better idea IMO. The company may ultimately be successful, but shareholders are financing the cash burn and being diluted.

[WillyBadDream]

Great Post!

[twodips]

2obee1, good post, good points that need a few more. Like you I'm stuck in this as I refuse to lose over 80%. In for a penny in for a pound I guess. The points I would add is it's my opinion we who listened to Vanis were deceived since the time Coffee Boost/Rise were released and now this latest "deception" has seriously hurt those that supported MINE the most. He's gotten his golden goose in Avenzar and his preferred shares. What as shareholders have we gotten except empty promises? Pump up Rise/boost then just quit selling it, Pump up THC then stop it cold,Pump up Vitamin Creamer then do nothing with it, then seriously pump up VFizz, send it to the UK even though it's basically only readily available in southern CA and call that national distribution.
We'll see what crap comes out of the spin machine next, maybe it'll jump enough for me to run like hell for the exit? Fingers crossed...

No doubt about it, the R/S split is going to hurt us personally, but is exactly what the company needed to do to move forward. I am thinking that the R/S will have the share price sitting around .04 -.08 cents once it is said and done, maybe I am wrong, but HEMP just did the same R/S and they were just under a penny bfore it split, and now it sits around the .06 range give or take. This means my new break even price is around .70..

Also, I have been saying for a long time that VitaminFizz just isn't profitable yet. If you took the time to understand the last Quarterly report you would have understood what I was trying to say. Scott's PR today states that it cost so much money to produce, that we aren't making money on it, and so they have to now partner it up with another brand.

While being a staple, VitaminFIZZ is very capital intensive when launching into new markets, and we feel it requires a complimentary brand that can support the corporate monthly burn rate. I have internally nicknamed this new brand a "house" brand but believe the moniker "work horse" brand is more fitting. This new brand will be many things including 1.) already developed, 2.) cash flow positive and 3.) easily integrated into our existing infrastructure network


On the positive side, it sounds like they have the financial backing to move forward and build out the company a little bit more. A next phase if you will, and each 'next' phase is going to have hard ships, but if we keeping getting past them, slowly but surely something profitable will be built.

Also, if this company does become profitable over the next few years, and really does plan to uplist to the NASDAQ, there will be another reverse split. Just do the math with the Market Cap, for exapmple, 200,000,000 OS at $2 a share is a 400 million dollar comapny. Big Red is only a 200 million dollar company. So again, my adivce is be realisitc.

In the end, I am a MINEr, and like most of you I am going to be stuck in this stock for a lot longer than any of us have expected. I am down 80% after today, and so far the company isn't profitable. While watching this company the past two years I have learned that it isn't easy, and there is no quick way to build a company, but I do see one being built with Minerco. Slowly but surely sometihing is coming together.

So, the next time someone on Twitter tells you your company is going to make a 1500% run, remember what Obee1 told you, have a more realisitc outlook..

Fingers crossed...