{"id":5187,"date":"2014-11-15T15:13:13","date_gmt":"2014-11-15T15:13:13","guid":{"rendered":"\/?p=5187"},"modified":"2014-11-15T15:13:50","modified_gmt":"2014-11-15T15:13:50","slug":"minerco-resources-inc-otcmktsmine-bounces-but-not-for-long","status":"publish","type":"post","link":"\/articles\/minerco-resources-inc-otcmktsmine-bounces-but-not-for-long\/","title":{"rendered":"Minerco Resources Inc. (OTCMKTS:MINE) Bounces, But Not For Long"},"content":{"rendered":"\n<p><img loading=\"lazy\" decoding=\"async\" style=\"float: right;\" src=\"\/\/s.hotstocked.com\/hotstocked.com\/repository\/articles\/88\/88552\/mine.png\" border=\"0\" width=\"440\" height=\"196\" \/>The fact that Minerco Resources Inc. (OTCMKTS:<a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=MINE\">MINE<\/a>) has had just three green sessions in the last three weeks does not really bode well for the company, or its supporters. <\/p>\n<p>Oddly enough, the ticker&#8217;s slide has been relentless for all that time in spite of <strong><a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=MINE\">MINE<\/a>&#8216;s<\/strong> continuous efforts to convince investors that it is doing a good job through positive announcements.<\/p>\n<p>The crash intensified further with the filing of the company&#8217;s 10-K for the period ended June 30 &ndash; and who could really blame investors for abandoning ship, when <strong><a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=MINE\">MINE<\/a><\/strong> showed them:<\/p>\n<ul>\n<li>Cash &#8211; $304 thousand<\/li>\n<li>Total Current Liabilities &ndash; $1.1 million<\/li>\n<li>Quarterly Sales &#8211; $12 thousand<\/li>\n<li>Total operating expenses &#8211; $872 thousand<\/li>\n<\/ul>\n<p><img loading=\"lazy\" decoding=\"async\" style=\"float: left;\" src=\"\/\/s.hotstocked.com\/hotstocked.com\/repository\/articles\/88\/88552\/fasdfsdafdasfdasasdffasdfasdfasd.png\" border=\"0\" width=\"219\" height=\"62\" \/>Take into account the evidence of dilution and toxic funding and you&#8217;d have a pretty good idea why investors have all but lost faith in <strong><a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=MINE\">MINE<\/a><\/strong>. So what&#8217;s up with this most recent turn of fortune? Why is <strong><a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=MINE\">MINE<\/a><\/strong> on the bounce now? And what&#8217;s with the heavy volume &ndash; it&#8217;s by far the most activity <strong><a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=MINE\">MINE<\/a>&#8216;s<\/strong> seen this quarter?<\/p>\n<p>As the saying goes &ndash; even a dead cat can bounce if it falls from high enough. Every investor worth his salt knows that such a state of developments could not last, and, true enough &#8211; it didn&#8217;t. <strong><a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=MINE\">MINE<\/a><\/strong> is already 10% down in early trading today.<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The fact that Minerco Resources Inc. (OTCMKTS:MINE) has had just three green sessions in the last three weeks does not really bode well for the company, or its supporters. Oddly enough, the ticker&#8217;s slide&#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":[185],"class_list":["post-5187","post","type-post","status-publish","format-standard","hentry","category-news","tag-mine"],"_links":{"self":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/posts\/5187","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=5187"}],"version-history":[{"count":0,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/posts\/5187\/revisions"}],"wp:attachment":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/media?parent=5187"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/categories?post=5187"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/tags?post=5187"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}