Replies to post #257636 on Minerco Inc (fka MINE)

[2obee1]

We all knew the R/S was coming.. How could you not, I told you to brace yourselves months in advance..

Quick story:

I told my dad yesterday, who also owns a few MINE shares, that a R/S split was happening and that most investors freaked out. He said,

'So, won't the value of each share go up.'

'It isn't good to have a lot of shares outstanding.'


He is right, your shares are going to be worth a lot more, actually for the first time I've been in this thing those shares are going to have value.

Vanis has needed to fix the share structure for a long time, and this had to be done. The stock will finally look attactive to investors, and the company will have room for growth now, and be able to acquire more assetts.

The chances for a quick profit have probably disappeared, and my hope is that the company starts generating Revenue within the next two Quarters..


With all of he drama here, you guys do realize that we've turned MINE into the new FITX...

[DCALongRun]

According to filing it can happen now until 12/31/2015 at the CEO discretion.

The Amendments will become effective upon the determination of the Chief Executive Officer, in his discretion, at any time prior to December 31, 2015.

The 64 question is when is it advantageous for the corporation to do so ? I am thinking a higher stock price.

[davecase]

Vanis will not get any financial partners by doing a r/s. He is doing to so he can authorize more shares and dilute. That is the only way he can raise money to pay his $224,000 salary. Notice he gets paid in preferred shares so when Minerco files for bankruptcy he will have a little protection.