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Re: topdawg tdr post# 104850

Tuesday, 03/03/2015 1:24:46 PM

Tuesday, March 03, 2015 1:24:46 PM

Post# of 123643
I have to agree and it's curious. I would have expected a significant dump and it's been almost 30 days since the last one, albeit a larger than normal dump. But then again it seems like every time we go a while without a big sell and folks start saying dilution has stemmed, BOOM! It comes like a freight train.

A point could be made that dilution may be somewhat reduced too. What we don't know is what MRIB had in expenses over the past six months that were actually paid and covered by convertibles yet to mature. Perhaps Margrit stopped paying salaries and bills back in August. That timing would coincide with the exodus of employees September through end of year and maybe a reduction in convertibles done over that period to cover cash expenditures. Don't know. It could also be a little bit of fear in the holders of the debt given the fragile condition of the PPS although we haven't seen any new issues. Honestly I think I see the dump coming with these silly paint trades supporting an unrealistic PPS. But we will see.

BTW... Where are those fins? Obviously MRIB doesn't feel any sense of urgency to release them. As I said a few weeks ago I didn't think we'd see any significant dump after those came out and that's still sort of the situation. Perhaps an inside deal waiting to mature? Again, don't know but if we see a big dump I would expect the fins to follow shortly thereafter. And not knowing how long ago Costco took Marani off most of its shelves those financials could be pretty dicey.