Replies to post #82522 on Minerco Inc (fka MINE)

[StockScout1]

$MINE-LEVEL 5 UMBRELLA, now has 6 products with 8 different flavors and 2 distinct market sets and ready to add more to its chain.

[Sooah]

In the letter to shareholders, Powers stated the following:

Due to our early launch success and fortified relationships with our strategic partners, we have identified and negotiated the terms of the Licensing Agreement for the next brand to place under our Level 5 umbrella. The new brand is outside of the functional shot category and has been market tested. Stay tuned for details

and following this, MINE released a PR stating that Level 5 had acquired VitaFizz.

Did Level 5 really "acquire" VitaFizz or did they sign a contract with Powerbrands to use trademarks?

At any rate, this is a reportable event requiring an 8-K filing so why hasn't MINE filed this "acquisition"?

Additionally, Powers stated the following:

In our latest Form-10K and Shareholder Letter, we reported and announced that we had raised capital over the last few months. This acquisition marks our initial use of our capital to strategically build a balanced and diversified beverage portfolio.

Based on the annual report, MINE raised $342,990 from July to October 2013. Of the $342,990, more than $137,000 was used to payoff Asher Enterprises. MINE paid Powerbrands ~$100,000 for consulting/development fees leaving a cash balance of ~$85,000 as of the end of October.

With what kind of "raised capital over the last few months" did Level 5 use for this acquisition and how much did MINE loan out (?) to Level 5 for these acquisition? The math doesn't work out, so did Level 5 get VitaFIZZ for free then, and if yes, why is Powers stating that the capital raised from the last few months were used for this acquisition? Is this some sort of a secret off-balance sheet arrangement that they forgot to report to the SEC?

Nothing like writing misleading PRs.