V. Scott Vanis Email to $MINE Shareholders
To me: Apr 4, 2015 at 2:40 PM
An email I sent around the Holidays 3 months ago….I heard you were going to bat for us on this. As always…thank you
I want to thank you for the concern over my salary and compensation, and I totally agree with you. If you look back at my salaries, my stock purchases, my loans / advances to the company and my general compensation, you will agree that I am 100% about getting paid "in the end."
The large majority of my salaries earned since joining Minerco in 2010 have been accrued; not paid to me, but carried as a debt of our company.
In 2012, those accrued salaries were converted to a Promissory Note, which was subsequently exchanged for Class B restricted stock. I accepted no salary as the Chairman from 2012 through July, 2014. Since July, 2014, when I came back to the CEO position, all of my salary has been accrued.
All of this information is publically available in our Qs and Ks, including the last 10-Q filed yesterday.
I have purchased over 50 million shares of common stock on the open market over the years, investing in excess of $170,000 of my personal money in the open market. All these transactions are available in Form 4s.
Since 2010, I have either loaned or advanced (without interest) Minerco in excess of $500,000 of my hard earned money to support operations when the company is in need and my resources allow. All these loans / advances are available on the Qs and Ks under Related Party transactions.
As for stock granted by the company to me, either for compensation or in exchange for cash owed to me by the company, I have never sold even 1 share. All of these stock issuances have tax implications. These tax implications have increased my personal income tax bill in excess of
$200,000 over the 4 tax years with Minerco.
In conclusion, I have been paid less than $50,000 in cash over the almost
5 years since joining Minerco. I have purchased over 50 million shares of our common stock in the open market. I have loaned our company over $500,000, and I have never sold a single share of our stock, whether purchased or earned.
Let me know if you agree with me in saying, "I have more to lose than most, and I have put my money where my mouth is concerning our great company."
In closing, I understand your and every shareholder's frustration (remember, I am a shareholder too) over the share price of our young company. We will continue to grow our young company responsibly, and our share price will have no choice but recognize our accomplishments!
V. Scott Vanis
Chief Executive Officer
Minerco Resources, Inc.
To me: Apr 4, 2015 at 2:40 PM
An email I sent around the Holidays 3 months ago….I heard you were going to bat for us on this. As always…thank you
I want to thank you for the concern over my salary and compensation, and I totally agree with you. If you look back at my salaries, my stock purchases, my loans / advances to the company and my general compensation, you will agree that I am 100% about getting paid "in the end."
The large majority of my salaries earned since joining Minerco in 2010 have been accrued; not paid to me, but carried as a debt of our company.
In 2012, those accrued salaries were converted to a Promissory Note, which was subsequently exchanged for Class B restricted stock. I accepted no salary as the Chairman from 2012 through July, 2014. Since July, 2014, when I came back to the CEO position, all of my salary has been accrued.
All of this information is publically available in our Qs and Ks, including the last 10-Q filed yesterday.
I have purchased over 50 million shares of common stock on the open market over the years, investing in excess of $170,000 of my personal money in the open market. All these transactions are available in Form 4s.
Since 2010, I have either loaned or advanced (without interest) Minerco in excess of $500,000 of my hard earned money to support operations when the company is in need and my resources allow. All these loans / advances are available on the Qs and Ks under Related Party transactions.
As for stock granted by the company to me, either for compensation or in exchange for cash owed to me by the company, I have never sold even 1 share. All of these stock issuances have tax implications. These tax implications have increased my personal income tax bill in excess of
$200,000 over the 4 tax years with Minerco.
In conclusion, I have been paid less than $50,000 in cash over the almost
5 years since joining Minerco. I have purchased over 50 million shares of our common stock in the open market. I have loaned our company over $500,000, and I have never sold a single share of our stock, whether purchased or earned.
Let me know if you agree with me in saying, "I have more to lose than most, and I have put my money where my mouth is concerning our great company."
In closing, I understand your and every shareholder's frustration (remember, I am a shareholder too) over the share price of our young company. We will continue to grow our young company responsibly, and our share price will have no choice but recognize our accomplishments!
V. Scott Vanis
Chief Executive Officer
Minerco Resources, Inc.
Minerco, Inc. (MINE) Stock Research Links
MINE amazing beverage company going to big boads. buying in 0.02-0.03 range. looking for $1.00
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
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
