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Wednesday, 27 February 2013

MINE (Minerco Resources, Inc.) 0.0028

MINE (Minerco Resources, Inc.) 0.0028


Contact Info
  • 20 Trafalgar Square
  • Suite 455
  • Nashua, NH 03063


Business Description
Minerco Resources, Inc., a development stage company, operates as a progress developer, producer, and provider of clean, renewable energy solutions in Latin America. It owns 100% of the rights to 2 hydro electric projects and 1 wind project in Honduras. The company was founded in 2007 and is based in Katy, Texas.


Minerco Resources, Inc. (OTC.BB: MINE), a progressive developer, producer and provider of worldwide commodities solutions, announced today that the company is adding a retail division to the company.

The new management team of the company, with the approval of the board of directors, has voted to expand the company's business model to include a progressive retail division. Based on the company's management experience and its existing presence in Central America, the company's first retail venture will be in the beverage industry, specializing in coffee and energy/vitamin drinks.

AS PER RECENT FILINGS

"Mr. Powers will be paid  a salary of $84,000 per annum beginning on February 1, 2013.  If revenues exceed $5 million, then Mr. Powers salary will be increased to $144,000 per annum.  If revenues exceed $10 million, then Mr. Powers salary will be increased to $180,000 per annum. "

"On February 20, 2013, the Company issued 15,000,000 shares of its common stock to its Chief Executive Officer pursuant to an employment agreement dated February 1, 2013"

Key Points.

-The stock seems to be forming an ascending triangle pattern
-New CEO has been hired.
-CEO will make more money in salary if the stock prices goes higher.
-CEO also owns 15 million shares. Another reason to see to a higher stock price.
-Company has a low float.

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-PSW Team