{"id":4476,"date":"2014-04-29T11:11:07","date_gmt":"2014-04-29T11:11:07","guid":{"rendered":"\/?p=4476"},"modified":"2014-04-29T11:11:19","modified_gmt":"2014-04-29T11:11:19","slug":"minerco-resources-inc-otcmktsmine-continues-its-ascent","status":"publish","type":"post","link":"\/articles\/minerco-resources-inc-otcmktsmine-continues-its-ascent\/","title":{"rendered":"Minerco Resources, Inc. (OTCMKTS:MINE) Continues Its Ascent"},"content":{"rendered":"\n

Minerco Resources, Inc. (OTCMKTS:MINE<\/a>) managed to jump 16.08% yesterday, driven up by the strong momentum it had gathered for nine consecutive sessions.<\/p>\n

Although long upward runs are not unheard of in the marijuana sector, MINE<\/a>‘s relentless climb is certainly puzzling. For one, the company appears to be on a steady rise, without being pushed up by a constant stream of uninformative press releases. <\/p>\n

True, announcements have been made recently, but they were short and to the point. Arranging an “Investor Conference Call” also appears to be the decent thing to do, and it demonstrates the company’s interest in its supporters and overall market standing. That is certainly commendable, but has MINE<\/a> really done enough to warrant this much support from investors?<\/p>\n

Despite MINE<\/a>‘s apparent good intentions, as a rule of thumb, investors should refrain from committing to a stock before in depth due diligence is done and all the negatives surrounding a company are considered. And in MINE<\/a>‘s case, there are quite a few of those to think about.<\/p>\n

MINE<\/a>‘s latest Quarterly Report covering the period ended Jan 31, 2014, for one, certainly didn’t paint a pretty picture of the company’s financial integrity for diligent investors to see:<\/p>\n