$MINE Excerpts from Previous Letter by Chairman. A substantial equity capital raise (held as cash on balance sheet) could provide us with the required Shareholders’ Equity.
Additionally, we believe more value will be delivered to our shareholders by identifying, evaluating and acquiring cash flowing assets.
These assets will fit into our scope and/or be strategic in nature.
Over the coming months, (6 month now as outlined) we plan to aggressively negotiate with our lending partners in order for them to become long-term equity partners and evaluate (then acquire) strategic and / or vertical assets that fit within our reach and scope. http://www.minercoresources.com/news.php?p=117
Countdown has started: Learn all you can about Filings and Timing, could be valuable to know aforehand.
Current market cap is under $4 million now and the share price would still need to be $2 minimum with a market capitalization of $50 million for the NYSE-MKT (not the major NYSE listing) or else the $3 or $4 options would be needed. Either way, at minimum from the current share price and split, that's more than an 1800% move and counting on no further dilution, even though money is needed to continue funding operations and also for any acquisitions or equity purchases that are being discussed.
MINE. SS and all others. Looking at your post it states MINE needs a PPS of 4.00 to uplist. At current RS of 1/100 we would need to be at .04 cents to get there. Is there ANY other was MINE can uplist other than getting to .04 cents????? Comments and thoughts on this...ha even you Ptmn. ( :
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