Last few trading sessions have not been great for Minerco Resources Inc (OTCMKTS:MINE). The stock price declined more than 13% on Monday’s trading session. However, it erased a part of major losses on Tuesday and surged more than 7% to close at $0.00550 with share volume of 21.55 million. The share price has remained subdued from past one week.

The buzz

In the latest press release, Minerco announced that its wholly owned subsidiary bought 21% of additional stake in Avanzar Sales and Distribution, LLC. With the last investment, the total stake now stands at 51%. The CEO Scott Vanis called the purchase of additional stake as a vital part of the strategic plan to enhance investor value through investing in cash flowing assets.

The momentum

Investors didn’t seem much excited with the last press release of Minerco, and they had a reason to worry about the last deal. As per the purchase terms, the company opted for a structured payment process of $400,000 throughout 2015. It clearly indicates that the company’s total liabilities of $3.4 million would grow in coming one year. The reaction of shareholders implies that it would take substantial measures for Minerco to come back into the investment list of people.

The performance

Minerco Resources Inc (OTCMKTS:MINE) failed to make a base to continue its next run as its 2Q results and announcement to list on a reputed exchange didn’t instill any excitement the investors. The CEO, V.Scott Vanis mentioned in a letter to shareholders that the company has posted strong growth during 2Q2015. The revenue came at $740,000 in 2Q versus $502,000 in 1Q2015. The revenue jumped massive 47% quarter-over-quarter. The assets surged 270% to $2.72 million between July 2014 and January 15. The purchase of stake in Avanzar resulted in increase in total assets. The liabilities came at $4.94 million in 2Q.

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Steve Kanaval: Portfolio Manager/Writer/ Market Analyst Steve began his career in the Trading Pits in Chicago making markets at the Chicago Mercantile Exchange (NYSE:CME) the Chicago Board of Trade and the CBOE in the early 80’s. He ran the Morgan Stanley Derivative Prop Trading for the firm specializing in Index Arbitrage. He continued his career as a Trader/Portfolio Manager for multiple Hedge Funds during the Internet Boom of the 90’s managing large portfolios. Steve is known as an expert in MicroCap Technology Stocks and the emerging Digital Currency markets as a Portfolio Manager for his Family Office. Steve has managed portfolio’s in volatile asset classes for 3 decades as a commodity trader, hedge fund manager and digital currency trader and miner. Steve publishes his views on the asset classes in a public forum and has published more than 10,000 articles simplifying these complex and volatile assets for readers. His work is published on multiple sites including Bloomberg,,, CryptoCurrencyNews as a paid contributor. His work includes research, journalism and archived video on important market volatility related to stocks, digital currency and other volatile misunderstood asset classes. He offers a humorous, unique insight and the related back stories and drivers for readers interested in volatility and emerging market assets. Full disclosure Steve is long 25 digital currencies and sits on the board of multiple public companies involved in digital currencies, and owns shares in these companies from time to time.