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  4. Minerco, Inc. (MINE) Message Board

$MINE February 27, 2018 "We will update shareholde

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Post# of 1276
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Posted On: 04/22/2018 12:52:01 AM
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Posted By: StockScout1
$MINE February 27, 2018 "We will update shareholders as this acquisition is completed and other acquisitions / partnerships come to terms.”
Quote:
PRIWEN:
With the rise of the cryptocurrency market, Priwen’s emphasis started to shift to mining as of Q1 2017. The engineering knowledge gained from the original activities of the company became transferable and very useful upon pivoting to the cryptocurrency industry. This knowledge base led to the purchase of miners in Q1 2017 and the mining of Bitcoin and Litecoin. During this proof of concept phase, Priwen was able to prove both financial and engineering viability.


Quote:
PRIWEN
As the industry grows, it will also permit the company to work with any new trend. Crypto mining and Blockchain in general are high-growth markets, but all while remaining focused, Priwen is flexible and uniquely positioned to adjust to new industry trends, some of which the company already envisions and are preparing for today.


This MOU shall become effective on the date first set forth above and shall terminate upon the earliest to occur of the following:
(a) the execution by the parties of one or more definitive agreements with respect to the subject matter of this MOU; or
(b) three (3) months from the date hereof.

April 20, 2018 Minerco, Inc. Provides Update on Acquisition of Priwen Systems Inc.
Quote:
Minerco and Priwen:
The management of Minerco, Inc. (OTC:MINE) and Priwen Systems Inc. update shareholders on the status of the acquisition of Priwen Systems Inc. The parties are increasing the scope, completing in depth due diligence and modifying the terms of the Memorandum of Understanding reached last month contemplating the acquisition of Priwen, an innovative leader in the cryptocurrency space. The parties expect to formally announce the definitive acquisition agreement next week.

Minerco and Priwen are aggressively moving to close this acquisition in a timely yet responsible manner. Both parties are excited for Minerco’s and Priwen’s collective future. The relationship built over the past few weeks, while negotiating and cooperating to complete this acquisition, has proven to be mutually beneficial and harmonious.



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