Minerco (MINE) responds to SEC suspension in OTC markets

The company will fully cooperate with the SEC in due course

ANN ARBOR, MI / ACCESSWIRE / June 4, 2021 / Minerco, Inc. (OTC PINK: MINE) today announced that on May 26, 2021, the Company was notified by the SEC that it has ORDERED, pursuant to Section 12 (k) of the Securities Exchange Act of 1934, that securities of the aforementioned Company are suspended for the period from 9:30 a.m. EDT on May 27, 2021 to 11:59 p.m. EDT on June 10, 2021.

Julius Jenge, Chairman and CEO of Minerco, Inc. said, “The company has hired legal counsel from the SEC and will fully cooperate with the SEC in due course. matter develops. “

The Suspend Trading Order stated that: “It appears to the Securities and Exchange Commission that the public interest and investor protection require a suspension from trading in the securities of Minerco, Inc. (“ Minerco ”or“ the Company ‘) (CIK # 0001451514), formerly a Nevada company, due to questions and concerns regarding the adequacy and accuracy of the Company’s market information and unusual and unexplained activities affecting the market for its securities. These include questions and concerns regarding the status of its corporate organization, its ownership, the accuracy and completeness of its public statements to investors about its activities, inconsistencies between its statements on social media and in its press releases in relation to its financial information on www.OTCMarkets.com, and the possibility of market manipulation for its securities. As of May 21, 2021, the ordinary shares of the Company were listed and traded on OTC Link whose parent company is OTC Markets Group Inc., under the symbol MINE. As of May 21, 2021, the Company’s common shares had seven market makers and were eligible for the “piggyback” exception of rule 15c2-11 (f) (3) of the Exchange Act under the Securities and Exchange Act of 1934.

The Commission is of the opinion that the public interest and the protection of investors necessitate a suspension of trading in the securities of the aforementioned Company.

About Minerco, Inc.
Minerco, Inc., “The Magic Mushroom Company” (OTC PINK: MINE), is the pioneering company specializing in the research, production and distribution of psilocybin mushroom products (“Magic Mushrooms”). The SHRU Blockchain token can be used for psilocybin and cannabis related purchases. SHRU can be purchased at www.shrucoin.com. Consumers can also use the SHRUCOIN Pay app by visiting www.shrucoinpay.com. To learn more about Minerco, Inc., please visit www.minercoinc.com.

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Investor Relations
[email protected]

FORWARD-LOOKING STATEMENTS BY MINERCO, INC.
This press release contains statements which the Company considers to be “forward-looking statements” within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. All statements other than historical fact, including, without exception Limited thereto, statements regarding the investment offers and their conditions are forward-looking statements. When used in this press release, words such as “we expect”, “intend”, “plan”, “estimate”, “anticipate”, “believe”, “should”, or their negative or similar terminology identify forward-looking statements. These forward-looking statements are subject to risks and uncertainties which could cause actual results to differ materially from those expressed or implied by such statements. Investors should not place undue reliance on forward-looking statements. The Company disclaims any obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.

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Minerco Investor Relations
Telephone: 323-380-4500

SOURCE: Minerco, Inc

See the source version on accesswire.com:
https://www.accesswire.com/650402/Minerco-MINE-Responds-To-SEC-Suspension-of-Trading-on-OTC-Markets

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