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Replies to post #111126 on Minerco Inc (fka MINE)
As of January 31, 2014, our obligations under outstanding notes totaled an aggregate principal amount of $1,205,699. Of such amount $543,999 is due on demand, each of the principal amounts of $52,000 was due on January 26, 2014, $25,000 is due April 1, 2014, $75,000 is due May 1, 2014, $52,000 is due February 27, 2014, $20,000 is due June 6, 2014, $25,000 is due June 27, 2014, $35,000 is due April 1, 2014, $52,000 is due July 16, 2014, $60,000 is due July 15, 2014, $60,000 is due May 20, 2014, $85,000 is due April 28, 2014, $25,000 is due May 13, 2014, $110,000 is due May 20, 2014, $27,000 is due September 19, 2014 and $20,000 is due July 23, 2014. We currently do not have sufficient funds to all of the past due or future notes.
Minerco Resources, Inc. (the “Company”) was incorporated in Nevada on June 21, 2007. The Company was engaged in the exploration stage from its June 21, 2007 (inception) to May 27, 2010. In May 2010,to developing, producing, and providing clean, renewable energy solutions in Central America. On October 16, 2012, the Company added an additional line of business, Level 5 Beverage Company, Inc., a progressive specialty beverage retailer which is now its primary focus. The Company has decided to divest of itself of its clean, renewable energy projects in Central America. The Company has evaluated its clean energy projects in Central America and has determined they are too capital intensive to pursue at this time.
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