Marani Brands Inc. (MRIB)

[Matthew Berg]

MRIB is in FTB forfeiture in California. By statute that means they have surrendered their certificate for intrastate operation. Theoretically they can't even open a post office box in the state let alone use it as an office address which is also stated in the statute.

As far as sales? They are all on paper. MRIB reported $50,000 in sales yet only depleted inventory by $25,000 and added $50,000 on to their A/R. It's in the report. Black and white.

As far as buying product already on shelves, FTB can't do anything about that. Just because there's product on the shelves purchased by honest folks months ago for resale doesn't mean MRIB can go out and sell more product. Good Lord. There's Marani vodka that's been sitting on shelves for five years! But again, by statute, until MRIB pays off the FTB they are forbidden from new sales in California and I would assume any and all proceeds in any attempt to do so would be garnished.