Marani Brands Inc. (MRIB)

[Matthew Berg]

With their total sales at 200k...

This is absolutely untrue. Someone came up with this nonsense by fudging accounting categories and fabricating fictional sales results. Sales for the year so far are $9,000. That's it and there can be no arguing the fact. Using goods in transit and A/R allowances for unsold product cannot be even remotely considered sales and don't you think MRIB would be PRing the bejesus out of it if they racked up $200K in sales for the quarter? What would be an astronomical increase from the previous quarter let alone the whol year? Absolute nonsense and restating these entirely false sales is totally misleading and deceptive.

What's really annoying is that this continues to happen every quarter. The fins come out and someone figures out a way to create fictional sales by taking some bogus accounting category and characterizing it as sales. Last quarter it was advances to vendors and A/R, which again was clearly footnoted as an allowance not related to actual sales. All of this was proven with the last fins. None of the fictional sales claimed materialized. So beware folks when people post sales numbers well in excess of what MRIB posts. It's all BS.