{"id":4826,"date":"2014-06-26T14:14:12","date_gmt":"2014-06-26T14:14:12","guid":{"rendered":"\/?p=4826"},"modified":"2014-06-26T14:14:30","modified_gmt":"2014-06-26T14:14:30","slug":"minerco-resources-inc-otcmktsmine-spikes-on-pr-then-crashes-again","status":"publish","type":"post","link":"\/articles\/minerco-resources-inc-otcmktsmine-spikes-on-pr-then-crashes-again\/","title":{"rendered":"Minerco Resources Inc. (OTCMKTS:MINE) Spikes On PR, Then Crashes Again"},"content":{"rendered":"\n<p style=\"margin-bottom: 0in\"><img loading=\"lazy\" decoding=\"async\" style=\"float: right;\" src=\"http:\/\/www.hotstocked.com\/articles-img\/small\/5MINE.png\" border=\"0\" width=\"450\" height=\"201\" \/>Minerco Resources Inc. (OTCMKTS:<a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=MINE\">MINE<\/a>) had a horrible crash on June 23, falling 15.66% immediately after its latest 10-Q hit the web. The ticker shot up on the next day on some fresh PR, but the the jump was woefully short-lived. As of yesterday, <strong><a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=MINE\">MINE<\/a> <\/strong>has turned bright red again, registering another 15.97% fall in that session.<\/p>\n<p style=\"margin-bottom: 0in\">That the company took a nose dive as soon as the report for Q1 of 2014 came out wasn&#8217;t really all that surprising. Investors were really looking forward to a good report, and all they got was: <\/p>\n<ul>\n<li>Cash &#8211; $291 thousand<\/li>\n<li>Current Assets &#8211; $411 thousand<\/li>\n<li>Total Current Liabilities &#8211; $6.4 MILLION<\/li>\n<li>Revenue &#8211; $7 thousand<\/li>\n<li>Expenses &#8211; $164 thousand<\/li>\n<li>Net Loss &#8211; $8.1 MILLION<\/li>\n<\/ul>\n<p>What is more interesting is the fact that <strong><a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=MINE\">MINE<\/a> <\/strong>actually managed to break its fall momentarily, and that, for a single day at least, it had a green run. Granted, it is excellent news that VitaminFIZZ is being launched in the New York City Market. This means that, if <strong><a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=MINE\">MINE<\/a>&#8216;s <\/strong>main product sells well, the company might actually start making some serious revenues &#8211; maybe even profits.<\/p>\n<p style=\"margin-bottom: 0in\">Sadly, that&#8217;s just a future possibility for results that <strong><a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=MINE\">MINE<\/a> <\/strong>may or may not end up achieving, and even if the company does manage to do so &ndash; it will be some time before an official filing with said results hits the web.<\/p>\n<p style=\"margin-bottom: 0in\"><img loading=\"lazy\" decoding=\"async\" style=\"float: left;\" src=\"http:\/\/www.hotstocked.com\/articles-img\/small\/86MINE_logo.jpg\" border=\"0\" width=\"130\" height=\"40\" \/>Until that time comes, all investors really have to go on for their due diligence on <strong><a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=MINE\">MINE<\/a> <\/strong>is the above mentioned disappointing 10-Q, as well as the occasional 8-K, like the one that hit the web yesterday. It declared that <strong><a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=MINE\">MINE<\/a>&#8216;s <\/strong>CEO has retired $363 thousand wort of common stock in order to acquire $530 thousand worth of the company&#8217;s Series B preferred stock.<\/p>\n<p style=\"margin-bottom: 0in\">Much like most other OTC Markets pot-stocks, such as Terra Tech Corp. (OTCMKTS:<a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=TRTC\">TRTC<\/a>) and Creative Edge Nutrition Inc. (OTCMKTS:<a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=FITX\">FITX<\/a>), <strong><a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=MINE\">MINE<\/a> <\/strong>is currently in desperate need for results &ndash; results that may not turn up for some time still. That being the case, is it any wonder that <strong><a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=MINE\">MINE<\/a>&#8216;s <\/strong>stock is currently falling as hard as it is?&nbsp;<\/p>\n<p style=\"margin-bottom: 0in\"><strong><a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=MINE\">MINE<\/a> <\/strong>is already down 6% in early trading today, and it looks like it&#8217;s just picking up the pace.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Minerco Resources Inc. (OTCMKTS:MINE) had a horrible crash on June 23, falling 15.66% immediately after its latest 10-Q hit the web. The ticker shot up on the next day on some fresh PR, but&#46;&#46;&#46;<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[10,185,259],"class_list":["post-4826","post","type-post","status-publish","format-standard","hentry","category-news","tag-fitx","tag-mine","tag-trtc"],"_links":{"self":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/posts\/4826","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\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/comments?post=4826"}],"version-history":[{"count":0,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/posts\/4826\/revisions"}],"wp:attachment":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/media?parent=4826"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/categories?post=4826"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/tags?post=4826"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}