Replies to post #14840 on Minerco Inc (fka MINE)

[common_cents]

Do the math. Can't get 13 .5 MM dollars by converting stock at a discount to market at .0006. You would need like 100 B shares to do that.

Company needs to find other ways of raising capital or needs and equity infusion of JV partner.

What we've seen is legacy debt being converted to equity. Hopefully, it's done.

[Sooah]

I thought that will help for co. merger/takeover or to raise fund needed as indicated.

Yes, this is correct. If MINE acquired other companies, it would most likely pay in shares not in cash. What's reserved in A/S can also be used to obtain cash in the future, but most likely will be done at a later time when the pps is trading much higher. For now, I believe the company has enough cash to work on the Level 5/Powerbrands project and will not require toxic financing.

Like GMAN said, we have been dealing with legacy issues now and hopefully we will be on our way up soon.