10/11 Scott Vanis email addressing concerns: V. Sc
Post# of 1276
Posted On: 10/11/2013 9:16:45 AM
10/11 Scott Vanis email addressing concerns:
V. Scott Vanis <scott.vanis@minercoresources.com>
9:49 PM (8 minutes ago)
to me
Dear valued shareholder,
Thank you for your interest in and support of Minerco – Level 5.
We are actively developing, evolving, expanding and selling (generating revenues from) our LEVEL 5 product line. The best way to bring value to our company, and our shareholders, is to develop and then sell a product that consumers want. Eventually, we strive to have an entire product line that consumers consider a part of their daily lives.
This last year has been a year of tremendous growth for our Company. We started the year using toxic debt to fund the Company and have grown to the point where we have not only paid off most of this toxic debt, but we are no longer dependent on it. In fact, as we now have entered the revenue generating phase of our business plan, we will be able to utilize traditional asset based lending solutions such as Accounts Receivable and Purchase Order financing in the near future.
However, I’d like to address your concerns about the increase in the Outstanding Shares and to make you feel at ease. First and foremost, Minerco never directly places shares of stock into the market unless registered under an S-1 registration or similar. Second, let me assure you that as Chairman, my focus is on overseeing the execution of our business and sales model while creating shareholder value. We recognize how important our shareholders are and value their input. We firmly believe that our Company’s share price will eventually reflect the success we are seeing at the corporate level.
Obviously, our company requires capital resources to operate. Since we recently (within the last month) started the revenue generating phase of our business plan, and we have not had traditional assets on our balance sheet to be used as collateral, the company has used convertible notes to raise capital through short term loans. We have chosen to pay off our most toxic loans with cash on hand, and we will continue to do so. Strategically, we are paying off debt faster than we ever have and have discontinued operations of our Renewable Energy Business to improve our balance sheet.
We are just now beginning to generate revenues from sales of RISE™ and COFFEE BOOST™, which will allow us to shift away from Convertible Notes to more conventional means to access capital. Additionally, our revenues will be re-invested into the LEVEL 5™ brand to fuel advertising, expansion and value. Based upon our belief in our business model to generate revenues through sales of our products and access to more traditional Asset Based lending, we believe we are the point where we will not need to collateralize stock to raise capital, and if we do, it will be minimal and short term.
I hope this puts your concerns at ease. Please let me know if you have any further questions or concerns!
Best regards,
Scott
--------------------------------
V. Scott Vanis
Chairman of the Board
Minerco Resources, Inc.
--------------------------------
V. Scott Vanis <scott.vanis@minercoresources.com>
9:49 PM (8 minutes ago)
to me
Dear valued shareholder,
Thank you for your interest in and support of Minerco – Level 5.
We are actively developing, evolving, expanding and selling (generating revenues from) our LEVEL 5 product line. The best way to bring value to our company, and our shareholders, is to develop and then sell a product that consumers want. Eventually, we strive to have an entire product line that consumers consider a part of their daily lives.
This last year has been a year of tremendous growth for our Company. We started the year using toxic debt to fund the Company and have grown to the point where we have not only paid off most of this toxic debt, but we are no longer dependent on it. In fact, as we now have entered the revenue generating phase of our business plan, we will be able to utilize traditional asset based lending solutions such as Accounts Receivable and Purchase Order financing in the near future.
However, I’d like to address your concerns about the increase in the Outstanding Shares and to make you feel at ease. First and foremost, Minerco never directly places shares of stock into the market unless registered under an S-1 registration or similar. Second, let me assure you that as Chairman, my focus is on overseeing the execution of our business and sales model while creating shareholder value. We recognize how important our shareholders are and value their input. We firmly believe that our Company’s share price will eventually reflect the success we are seeing at the corporate level.
Obviously, our company requires capital resources to operate. Since we recently (within the last month) started the revenue generating phase of our business plan, and we have not had traditional assets on our balance sheet to be used as collateral, the company has used convertible notes to raise capital through short term loans. We have chosen to pay off our most toxic loans with cash on hand, and we will continue to do so. Strategically, we are paying off debt faster than we ever have and have discontinued operations of our Renewable Energy Business to improve our balance sheet.
We are just now beginning to generate revenues from sales of RISE™ and COFFEE BOOST™, which will allow us to shift away from Convertible Notes to more conventional means to access capital. Additionally, our revenues will be re-invested into the LEVEL 5™ brand to fuel advertising, expansion and value. Based upon our belief in our business model to generate revenues through sales of our products and access to more traditional Asset Based lending, we believe we are the point where we will not need to collateralize stock to raise capital, and if we do, it will be minimal and short term.
I hope this puts your concerns at ease. Please let me know if you have any further questions or concerns!
Best regards,
Scott
--------------------------------
V. Scott Vanis
Chairman of the Board
Minerco Resources, Inc.
--------------------------------
(0)
(0)Minerco, Inc. (MINE) Stock Research Links
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Disclaimer My investment selections are based on my own intense and extensive due diligence of the companies, their management and the business plan. Do your own due diligence before investing in any securities.
My favorite paid chat plays are at Penny Stock Lounge http://www.pennystocklounge.com/ Worth the 7 day free trial. I am member and make big money on their chart plays. Very much worth checking out.
I am not a promoter of investments. I am an investor, period! I do enjoy squeezing short sellers when the opportunity arises which is fairly often considering Small cap Nasdaq stocks and OTC stocks are shorted by brokerage houses in the US and internationally. I prefer Big Board stocks over Penny stocks! Everyone should study Deepcapture.com and watch the online movie http://www.deepcapturethemovie.com before investing in any stocks on any exchange so they understand how the markets really work and prepare themselves. In microcap stocks I like to trade around a core position and that philosophy has served me very well over the last two decades. The majority of my money is invested in big board stocks. I only speculate with 5% of my portfolio in non listed OTC plays, mainly in the Marijuana sector.
“Let your plans be dark and impenetrable as night, and when you move, fall like a thunderbolt.”
― Sun Tzu, The Art of War
EFFI NEW MMJ Company. Started buying 0.0025. Looking for 0.05 plus
TXHD Amazing SMS text marketing company with low float, strong management, BMA securities onboard for move to Nasdaq down the road. Long term buy and hold.
Disclaimer My investment selections are based on my own intense and extensive due diligence of the companies, their management and the business plan. Do your own due diligence before investing in any securities.
My favorite paid chat plays are at Penny Stock Lounge http://www.pennystocklounge.com/ Worth the 7 day free trial. I am member and make big money on their chart plays. Very much worth checking out.
I am not a promoter of investments. I am an investor, period! I do enjoy squeezing short sellers when the opportunity arises which is fairly often considering Small cap Nasdaq stocks and OTC stocks are shorted by brokerage houses in the US and internationally. I prefer Big Board stocks over Penny stocks! Everyone should study Deepcapture.com and watch the online movie http://www.deepcapturethemovie.com before investing in any stocks on any exchange so they understand how the markets really work and prepare themselves. In microcap stocks I like to trade around a core position and that philosophy has served me very well over the last two decades. The majority of my money is invested in big board stocks. I only speculate with 5% of my portfolio in non listed OTC plays, mainly in the Marijuana sector.
“Let your plans be dark and impenetrable as night, and when you move, fall like a thunderbolt.”
― Sun Tzu, The Art of War
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