{"id":473,"date":"2013-03-01T10:07:00","date_gmt":"2013-03-01T10:07:00","guid":{"rendered":"\/?p=473"},"modified":"2013-03-25T19:43:53","modified_gmt":"2013-03-25T19:43:53","slug":"minerco-resources-inc-otcmine-rises-again-as-underpriced-day-play","status":"publish","type":"post","link":"\/articles\/minerco-resources-inc-otcmine-rises-again-as-underpriced-day-play\/","title":{"rendered":"Minerco Resources, Inc. (OTC:MINE) Rises Again as Underpriced Day Play"},"content":{"rendered":"<p> Another February hit, Minerco Resources, Inc. (OTC:<a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=MINE\">MINE<\/a>) has attracted investors, adding 50% to its ticker price despite choppy trading. Yet the current levels are way below previous highs, and the extremely low price of $0.0023 easily allows daily drops of upward of 24%, just like the ticker did on Thursday. <img loading=\"lazy\" decoding=\"async\" style=\"float: right;\" src=\"http:\/\/www.hotstocked.com\/articles-img\/small\/MINE0301.png\" border=\"0\" alt=\"MINE0301.png\" title=\"MINE0301.png\" width=\"400\" height=\"178\" \/> <\/p>\n<p>Last spring, <a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=MINE\">MINE<\/a> started off with high hopes, hovering around 20 cents, but we can easily see it reverted to a tenth of its value. When the company started its claims as an OTC ticker, little did people expect a rather quick slide from $1 levels to double-zero territory. Meanwhile, the balance sheet holds significant weaknesses: <img loading=\"lazy\" decoding=\"async\" style=\"float: right;\" src=\"http:\/\/www.hotstocked.com\/articles-img\/small\/CCRY0301.png\" border=\"0\" alt=\"CCRY0301.png\" title=\"CCRY0301.png\" width=\"350\" height=\"156\" \/><\/p>\n<ul>\n<li>Zero cash<\/li>\n<\/ul>\n<ul>\n<li>Zero assets<\/li>\n<\/ul>\n<ul>\n<li>$4.7 million total liabilities<\/li>\n<\/ul>\n<ul>\n<li>$1.32 million net loss<\/li>\n<\/ul>\n<p>It seems this development stage company did little but burn through cash since its inception in 2007. Although <a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=MINE\">MINE<\/a> claims to own two renewable energy projects in Honduras, this does not reflect into its income statement. In an 8-k filing from February 27th, <a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=MINE\">MINE<\/a> announced it is getting into the beverage business, by paying a California-based consultancy a total fee of $25,000. While the 8-K may have awakened investors, the beverage is still at the consumer brief and project level, leaving <a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=MINE\">MINE<\/a> to rely on hype and future expectations, as in the past, where it erased the larger part of its value.<\/p>\n<p>While the current activity may be due to valley buying and day trades on an extremely underpriced ticker, last April <a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=MINE\">MINE<\/a> went up on a series of promotional emails. The budget for the pump was a reasonable $25,000, by promoter Stock Rock And Roll.<\/p>\n<p>Stock Rock and Roll is a paid pumper with a long record of previous failures, and risky stock picks that go high and fall through a trapdoor at the end of the promotion. It is best to see past stories where losses erased most of investors&#8217; money, leaving them unable to sell the depressed stock due to low volumes. A previous pick, Chancery Resources, Inc. (OTC:<a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=CCRY\">CCRY<\/a>) was a long and ongoing pump that slid to a faction of its value. Before committing to double-zero plays, estimate your own time horizon and don&#8217;t fall for press releases concerning future business.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/email.thestockmarketwatch.com\/wf\/open?upn=vzZzBY9Y6niCD8OCkromjDCcSvKMEpqS40G2OupyPS6wy8KbBYGnlzVd3rvJlEpFP7uR7mgv-2B4-2FznNqVlVQcJJ3bHLDPHXAPlmYQgFxq4snc9f1nptrcz6N1-2F8ACdCy2lDaC-2FWONrkL6RYVSHxUiLbhUtDuUlA9oDxuBBqvMHZeiFJoKlDx6OBIVAxuRGc8cEK1zdAsJ9m3sSIgM60nBQw-3D-3D\" alt=\"\" width=\"1\" height=\"1\" border=\"0\" style=\"height:1px !important;width:1px !important;border-width:0 !important;margin-top:0 !important;margin-bottom:0 !important;margin-right:0 !important;margin-left:0 !important;padding-top:0 !important;padding-bottom:0 !important;padding-right:0 !important;padding-left:0 !important;\"\/> <\/p>\n","protected":false},"excerpt":{"rendered":"<p>Another February hit, Minerco Resources, Inc. (OTC:MINE) has attracted investors, adding 50% to its ticker price despite choppy trading. Yet the current levels are way below previous highs, and the extremely low price of&#46;&#46;&#46;<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[106,185],"class_list":["post-473","post","type-post","status-publish","format-standard","hentry","category-news","tag-ccry","tag-mine"],"_links":{"self":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/posts\/473","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/comments?post=473"}],"version-history":[{"count":0,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/posts\/473\/revisions"}],"wp:attachment":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/media?parent=473"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/categories?post=473"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/tags?post=473"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}