Replies to post #278464 on Minerco Inc (fka MINE)

[Full Contact Yoga]

Not talking about the ridiculously foolish purchase of an already failed drink, didn't say that didn't exist, on paper at least, made for a very weak pump I guess. I was referring to the most recent filing stating that the LOC is due on 4/30. It does extend if an interest only payment is made, but that would be reflected in the stated due date if said payment was already made. Explains the need to pump now though. I then referenced the mountains of convertible debt starting one month from now, the defaulted loans, the bloated LOC, absolute absence of revenue, return to trips, inevitable 4th RS, etc.

[twodips]

SS1, you highlight #1 in the agreement but what about line #2 which reads:
2. The parties hereby agree to assign the benefits and burdens from the Licensee hereunder to the Assignee and the Assignee hereby accepts such assignment.

Heres the thing, we have no idea what was actually bought, or what "burdens" were assumed.
Now a logical thinking person would have to wonder why some long term going concern would sell a profitable company to at best a floundering company for the cost of a 2016 F350HD Platinum pickup?

How does that give anyone the warm and fizzies? (another pun for fun ;-) ).

Answer, the seller was taking out the trash and Vanis is playing recycler instead of trash man.

VANIS NEEDS TO GO for an outsider CEO! Unfortunately I don't think the vultures have left enough on the bones for anyone to want the job.