Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
How is the Southeast any different than California where MRIB hasn't sold any? And there are no reps in the Southeast or California. That's just MRIB fabrication. As far as Margrit covering California and Brazil, how's that going for MRIB? She's been in charge since October. No one to screw her up and no one accountable but her. Let's see... Brazil? Total fail and zero sales. California? Sales down 40% in her first three months, lost most of the Costco locations, signed no new retailers or distributors and if we ever see financials we will probably see another 40% for each of the two following quarters (Q1 and Q2 2015) since the last report.
The only place the MRIB PPS is going is to zero. The $600,000 in note payable maturing and due at the end of the month will one way or another bring that about.
Seriously doubt it. No reps anywhere. Just leftover product from the "Marani VIP Lounge" the promoters carted off to one of the other sponsors. That's why MRIB didn't announce the tasting until it was over. They didn't know about it.
Same old card table. Same old info cards from the festival. Interesting that a picture of the tasting that hasn't supposed to have happened yet is posted at 12:30 In the morning. Stranger yet it was seen in Belgium less than 30 minutes later and links posted. When exactly did this tasting take place that had pictures at midnight for an event at 4PM the next day? Or had it already taken place and it had never been announced like many of the MRIB events?
Seems like MRIB might have found out about it after it had already happened. Wouldn't be surprised if the festival promoters on their own sent all the leftover Marani vodka to one of their sponsorship partners which Amelia Liquor South is to see if they could get rid of it or make a couple of bucks. They're listed with three or four of the other festival sponsors as part of the Amelia Tourism Oganization. No announcement or invite from Amelia Liquor either. Matter of fact their FB site has been silent for three years. All a little fishy.
Regardless, looks like the place was hopping and Marani flowing like... Uh mud. No sign of any customers or tasters and still no sightung of the mysterious Florida rep either. Two cases there and it doesn't appear that one was even opened. LOL.
The notes for $600,000 are due and payable on Jun 25th and June 30th of 2015. Obviously an effort is being made to try and suppress this factual information. And no, MRIB does not have a license in South Carolina. A check of their records shows no record found for Marani. Furthermore, as I stated earlier, I don't think MRIB can sell legally to anyone working out of Margrit's home.
Did anyone tell Margrit that running MRIB out of her home is most likely illegal? TTB makes it pretty clear that you must maintain and staff an official place of business that is not a residence. Makes sense to keep people from skirting the rules for personal use and controlling any possible moonshiners. Regardless, it's an issue and the license she has requires three tier distribution so I don't think she can use the Irwindale location as a place of business.
Two notes mature and are payable on the 25th and the 30th each for $300,000. And yes, we know there are notes. They were documented in the last financials.
Any suggestion of "time to load up" on MRIB at this point is at best misguided and uninformed or at worst an act of self serving greed and deception being generated IMO either from inside of MRIB and through Margrit or by underwater MRIB shareholders who have become desperate trying to find someone, anyone, to unload their averaged down, now huge unmovable piles of MRIB dookie.
Anyone even considering an investment in MRIB should wait until, first, financials are released. And second, to see the effect of the enormous debt commitment facing MRIB at the end of the month. Nothing good is going to happen between now and then. I guarantee that. And if what 98% percent of us believe is true, MRIB should be circling the bowl at $.0001 by the first week of July.
No dilution because all of the toxic financing dried up. MRIB can't give their stock away and there's no money for the financiers to make anymore on the tiny spreads and miniscule interest and volume.
But if you're loading up on MRIB based on no dilution for the past few months be warned and keep in mind that notes payable for $600,000 mature and come due on the 25th and the 30th. MRIB has no cash so it looks like shares will be the only way to pay them. At the current PPS that comes to a need for 1.2 billion ADDITIONAL NEW shares.
The MMs are not short MRIB. No one is short. Just nonsense. This is all just a setup to dump the last of a zero cost share stockpile. It's been transparent and systematic for months now. 10% up volume, 90% sell at daily lows. They throw in a big trade at premium every once in a while to support PPS and tease the flippers that there's actually a market at $.0005 but ultimately there isn't and they create more bagholders. They are cashless trades between affiliates putting on a dog and pony show setting up for the big dump.
"Just you wait and see". Boy, wish I had a nickel...
Let's put MRIB on the clock. How long is the wait going to be because we've heard this claim and we ain't seen nothin' yet. "Brazil shipping soon". When is soon? Again we heard this claim a gazillion times over the past going on three years now. The latest iteration six months ago echoed by MRIB minions constantly even now. So when is soon? And lastly, since we have folks who claim to talk regularly with Margrit, when can we expect the financial report?
The lack of anything definitive time wise with MRIB is getting so lame. I'll tell you what is definitive time wise. Two $300K notes payable maturing on the 25th and 30th of this month. That's a definite. And let's not forget Margrit has a tax return to do by the end of the month as well.
We hear this same story over and over. It's been going on for a year now. It's coming! MRIB keeps saying it and you claim to have heard it directly from Margrit. When is it time to call bullshit on Margrit and MRIB? it simply is never true and nothing ever comes and nothing ever happens other than lower highs and lower lows on the stock price.
There's nothing coming. There's no reward for being an MRIB shareholder. The company shut down and went out of business for all intents and purposes over eight months ago. It's the reason we haven't seen or heard any financial reports in the last six month and probably never will. They would surely indicate that MRIB has in fact ceased operations. Just like in 2009 when MRIB got to this same point they just stayed dark, stopped reporting and went out of business for four years. But they never said anything so the stock kept trading and the plan for MRIB 2.0 was hatched, or should I say photocopied and put into motion.
I think the question has been amply answered. What the real question should be is for anyone who does not believe the money was stolen, misappropriated, illegally conveyed, etc., please explain where $30 million went? That's a lot of cabbage. MRIB has virtually nothing to show for it. It's not like they built a plant or bought equipment. They have no assets. What does MRIB have to show for that money? A couple containers of vodka, a web site, a FaceBook page and two years of rent and utility invoices for $2000 a month. All of the rest of it is unaccounted for and I think it's time for those who claim it was legitimate provide some support of such. But I think you would be hard pressed to come up with anything.
Amount of personal enrichment? That's hard to say because there is so little transparency with MRIB and so many shady deals and connections. But, in the last real financials reported in 2010, it was reported that Margrit alone received over $4 million in compensation just for 2009. Not a bad take for a former office assistant with no appreciable skills and most likely never made more than 30K a year in her last "real job" before discovering and getting into the stock scam and fraud business.
And we all know the enrichment didn't start or stop there. There are so many unexplained expenditures where money vanished. In just looking at 2008-2009 there was over $2 million listed for advertising. Anybody ever see any MRIB advertising let alone $2 million worth? Then there's the question of virtually every vendor MRIB has ever paid. NovaNet, Zodiac Brands, Eco Investment, Wine Plant of Eraskh. That's where the $30 million went and MRIB has nothing to show for it.
Fast forward to 2014. With well over $300K in expenses for every quarter MRIB blew through close to $1.5 million and this was supposedly with Margrit and Ani deferring salary. What could they possibly spent $1.5 million on? They didn't do any marketing or advertising. They had maybe three employees and I assure you Dan Seneters was making no more than $120K base at best.
Let's look at just the last reported quarter (Q4 2014). No salaries. Apparently no rent. No sales force. No marketing or advertising. No professional services. No debt reduction. Just Margrit, a single owner/operator in a dark and defunct public shell. So what in God's name did Margrit spend $300K on for the quarter? What could it be other than personal enrichment?
Bottom line is considering the $30 million that has been documented going out the door and given the assets and looking at what has been done operationally of value and even throwing in any inventory, I'd guess that Margrit and MRIB insiders have pulled at least $25 million of that and I think that's extremely groups considering there is almost ZERO evidence of value spending totaling $5 million. Personal enrichment? Ther was and has been a ton of it. There's your answer.
What in the future looks good for MRIB? All of the claims of any sales or progress have been proven untrue and/or fabricated. MRIB was part of a major fail and debacle in Florida this past week in what appears to be a last gasp attempt to show signs of life. There are no offices, no reps, no cash, no contracts, no financing, no sales and no employees. They have $600K in notes coming due this month and not a penny of cash and over $3 million of already existing debt. They have what is appoaching $300K payroll tax liability in California with FTB who could throw MRIB into bankruptcy in a New York minute. How does the future look good for MRIB?
There were never any foreign contracts. At best something scribbled on the back of a cocktail napkin to cover their asses. That's what the FINRA document was all about. Lending credibility to something fraudulent. Why would MRIB do it otherwise? Because they tried it before with India so they needed to introduce some form of credibility and people bought it. All FINRA can say is that it is or isn't a contract. They can't and don't evaluate or opine on terms.
Brazil was a fraud. Plain and simple. Just a ruse to take advantage of the get rich quick crowd. The only ones who got rich were the insiders and Margrit. $4 million in 2009 alone. Nice take for a ex-secretary who can barely speak english with no education and a 14 year track record of abysmal failure. And all we have from her in the past 8 months is a photo at a conference (toxic financing get together) with an $8,000 handbag on her arm.
Call MRIB and ask them who their rep(s) is in the Southeast or the Northeast or even California for that matter. You will get no answer and no contact name. Just Margrit in her kitchen or a recording. You'll never hear back if you leave a message unless you want to invest in MRIB.
Of course the MRIB distributors will be successful. They're imaginary. Why would Margrit and MRIB make up stories about fictional distribution and sales that wasn't a huge success? Also I don't think anyone doesn't realize MRIB has and continues to lie. Credibility of Margrit and anythin out of MRIB at this point is zero. Just small timers trying to day trade for a couple of quick bucks. Doubt many if any are successful doing so.
Good luck getting that information. Everybody would like to know as well as the supposed MRIB reps, distributors and retailers in GA, SC and FL. We can't even confirm the existence of a license in SC. We don't seem to be getting any response as to confirmation of any of these claims but there is always a continued spinning of the yarn so to speak as though any of this MRIB information was real. Seems at this point to be total fabrication by Margrit and/or MRIB.
Nope. No Brazil. Not even a hint of anything since January. Matter of fact there's really been nothing from MRIB since October and we know they shut down and moved out of their offices at the end of the year and let go of the last of the employees. Failed to report financials again and this time didn't even bother filing for an extension.
Where are we with is vodka? Sure looks like MRIB and Marani are out of business.
Trap is being set. Our MRIB dumper looks to be getting ready to unload a large chunk soon. Got to get rid of those MRIB shares before the 25th. Might even see some MRIB $.0002s.
Big contact announcement? And where did that information come from? There must be a source. To make a claim like that given the situation it would be helpful to have a legitimate source to consider it even remotely plausible.
Since January when MRIB shut down we've been hearing claims of contracts, sales, good things coming, Margrit working hard, big news soon... Not did all of that come to MRIB investors in a vague, randomly, unsupported and unconfirmed manner, but it never came about at all! Just fabricated rumors to try and elevate the stock of MRIB, an insolvent company that's no longer in business and entirely unviable as an ongoing operation.
And let's stop talking about MRIB and Brazil. It's now clear it was never real and even more clear that nothing's going to happen even if MRIB was still in business. They never even filed for label approval in Brazil. Their claims of trademarks internationally also appear to be fabrications as there is no record of such with WIPO. The international play was all a play operating on the premise that if it can't be confirmed a lie, it must be true.
Important people are on vacation? How more ridiculous can it get? MRIB is in. Free fall death spiral. Sales are abysmal and decreasing rapidly. The company has a huge debt commitment to meet this month that they can't pay. It would appear that all sources of financing dried up months ago... And important people at MRIB are on vacation? I guess given past incompetence, lack of care for the company and its shareholders and an extreme level of arrogance it would be par for the course.
But, the fact is there are no important people left at MRIB. There are no people left at MRIB. Just Margrit who is probably out shopping or on holiday. Whatever she's doing you can bet it's not selling vodka and you can double down that she's spending money with the same reckless abandon as always.
We also know there is no distributor in the Southeast and there is no evidence of a license in South Carolina as has been claimed. There's also nothing going on in the Northeast other than a couple of cases of Marani gathering dust at Restaurant Depot.
Does anyone really think MRIB, who sent out a PR about some movie screening in Armenia would not put out PR about new licenses, distributors, retailers or sales? All total fabrication. It's not even exaggeration or reinterpretation of some iota of something real. It's simply made up stuff in a desperate and transparent attempt to keep MRIB trading and suppress the fact that MRIB went out of business (selling vodka that is) months ago.
And I've heard Margrit is "running the company" out of her house. I don't even think that's legal. As I read it TTB regulations requires an alcohol importer to have and staff an official place of business. I don't think Margrit's kitchen table qualifies. And using the logistics company as a place of business doesn't pass the test of a three tier system and the licenses that have been issued. Regardless, MRIB isn't selling anything anyway so who cares. And it certainly looks like MRIB will die and go away for good without us even finding out what the sales were from January on.
No. That does not sound exclusive to MRIB. Posted after the event started it sounds to me like "We're desperate for a crowd. Come on down to one of the many local watering holes and see a band, have some drinks and maybe try some vodka from one of our sponsors whose lack of draw is becoming somewhat embarassing". Just another bar promotion, albeit lame, during regular business.
And I never said it wasn't a marketing event per se, but a lame event and attempt to get off on the cheap yet again like MRIB's past events in bars. They hype them as some kind of huge event and it turn out to be a sparsely attended run of the mill night like any other in a dive bar with a couple of bottles of Marani sitting on display on the bar with some info cards and some second rate local performer playing to a small gathering of locals and regulars getting drunk off of free vodka.
You want to call that an event, go right ahead. MRIB is just shooting BBs at a freight train of doom.
Someone made the claim that it was exclusive to Marani. It wasn't. And there was no concert. Just an unknown local lounge performer playing in a dive bar. Probably for free drinks and any tips from what apparently was not much of a crowd. All of the concerts and headliners listed were either cancelled or no shows as was the gaming exhibition. That's also on the FB page. The FB page is Amelia Island Film Festival.
Well that's the formula. Get a public shell, organize your props like "a real product", reverse merge it and start the dog and pony show. It wouldn't surprise me if your yard sale surpassed MRIB in sales for the last quarter. Surely your expenses were a fraction of MRIBs daily burn rate! LOL the Marani vodka has always been a prop. Alcohol is a sexy product. You can hype it and then relate to the history of ultra successful brands like Ciroc, Grey Goose, Belvedere, etc. In the end it's all a charade and MRIB as sloppy as the scam was pulled it off. The sales levels should have been highly questionable from the outset.
To put it in perspective, I made a small investment this year in a startup. Private company of course. Two recent college grads and an idea starting from scratch. I put up $60K in cash and gave them a $100,000 line of credit (which they drew only $16,000 on so far) They worked there asses off 24/7 and opened a small production facility (they even did their own construction on the build out) launched the company, web site, social media, had a professional photo shoot and heavy coverage at a nationally televised event with over 30,000 spectators. All done in less than three months. And they came back with $175,000 in gross sales in their first month of operation. More than Two 23 year old kids with no experience and little salary. Pretty proud of them.
Now. MRIB and 54 year old Margrit and her vast experience have had eight years, $30 million in funding, a finished product already developed and marketed for seven years prior and no equipment or capital expenditure needs. She gets a nice safe cushy huge salary including $4 million in compensation in 2009 alone. And what's she done in sales since her return to MRIB? Less than $50,000 in GROSS sales in almost six years now. It's rather obvious MRIB was always just a public shell play. It was in 2008 and it was in 2013. Margrit doesn't know the meaning of work unless it's how to suck money from something or some one. I doubt she's ever made a sales call. Bottom line is no effort and a lazy operator with no other employees is going absolutely nowhere.
Margrit goes into a bank and asks for a loan for MRIB for $1 million. The banker says "Ok. Do you have some proof of collateral?" Margrit says, "Do you have any proof that I don't?"
No problem. Michael Smith who is one of the promoters is sort of the guy running the show along with Randy Bowman who is chairman of the event. I don't think I should post any personal phone numbers but you can contact them through their FaceBook page. As far as the party at the Alley Cat, the information was posted by the Michael during the "party" and a quick call to the bar confirmed the bar was open to any and all customers and business as usual. That's how these events and promoters roll by the way. They use public venues and give the impression that it's some type of private VIP party and sell tickets. That's why most of the events don't announce the exact location until just before it starts. Regardless, there was nothing exclusive to MRIB and there were many other bars in the area that were part of the festival that were not participating with MRIB.
Now, that said, don't you think some proof of the other claims should be put forth like the MRIB rep(s), sales in Florida, Georgia and South Carolina and the "too easy" to confirm South Carolina license? Fair is fair.
Yea. The MRIB party and bar event was Sunday night at the Alley Cat and they were not serving Marani exclusively. It was just like any other night and the bar was open to anyone off the street. The dummies that bought tickets for the event probably had to pay for their drinks as well, Marani or not.
So the South Carolina license is too easy to check on so you won't do it to support your claim? That makes sense, not. I keep getting no record found for MRIB. And as for the rep at the event, who is it? Do they work for MRIB? As I said I saw the pictures and the requests from the promoter looking for help because no one from MRIB showed up. I did not see any pics of anyone from MRIB nor has there been a word or iota of evidence of such on their FB page where they hyped this "big" event. All of the claims being made about reps, licenses and meetings is as always enitirely unsupported. With the chance to support at least one claim, the license, with something real from the state, you refuse saying it's too easy. Hmmm. I'd say that doesn't pass the sniff test. Doubt MRIB has a license in South Carolina.
MRIB stock has gone begging now. With no financials, the Florida debacle and the impeding debt maturing MRIB might just see $.0002 this week. But it's looking like $.0003 is rapidly becoming the new level. The clock is running and there's no money to pay that debt coming due which they will either have to default on or issue shares. Hard to believe anyone is going to take any significant risk of buying knowing what's in store for MRIB not to mention the company appears to be out of business already.
And we know how badly things went in Florida but how'd that blockbuster of a party go in Armenia? LOL! I doubt it ever happened. The studio still has not confirmed the film has even been released. MRIB promotes it on their FB page a bunch of times and then after the event, nothing. Not even a quick pic of the event. It's the same old stuff. Any coverage of the event after the fact would prove what it either didn't happen or ot was an outrageous exaggeration.
Wouldn't hold your breath Popeyemag. Let's not forget that the source of that MRIB information also gave us TV ads running, Brazil shipping, sales good, Margrit working hard and a slew of other unsupported claims all of which have turned out to be pure fabrications.
I really doubt there are any locations outside of California let alone any MRIB sales. There's definitely no distributor(s) and with no sales force, very unlikely there's anything going on if the Southeast for MRIB other than the lame film festival. BTW, two more events cancelled there. They had a live stream setup for the event but I think they shut it down because the lack of interest and attendance is on par with MRIBs sales! LOL. Not exactly anything they want advertised.
No that's incorrect. I'm not sure where you are getting your information or if it's just make it up as you go along but there was not a Marani bar at the event. There was Marani being served at a local bar in town and according to the event promoter there was no one there for MRIB. It was not a private party. And yes, there was a bartender pouring drinks for anyone who walked off the street. They were not there for Marani. And it would appear the stupidity of a bar event on a Sunday night was evident as I've heard the place was pretty much empty to the point that the promoter didn't even want to post pictures.
Do you have any proof of a South Carolina license for MRIB? I'm actually a little shocked that MRIB would not have done a PR on it and I can't find anything in the state site. Obviously this would be valuable DD in supporting your case and claims so I'm sure you'd be more than willing to share a link to the information.
Yes. Let's look at the MRIB proof...
So now MRIB and/or some of their long investors are circulating false information. Fact is there are no representatives in the Southeast or anywhere in the U.S. for that matter. The promoter of the Florida festival confirmed that no one for MRIB showed up and went out looking for volunteers to cover for MRIB. Had there been anyone from MRIB there this would not have been necessary.
Not that it wouldn't have been a waste of time and money for MRIB to send anyone as the "festival" is a joke. Today they cancelled the music performances and their two "headliners" due to further technical problems. In addition technical problems have forced the festival to reduce and reschedule all of the film screenings. New schedule on their FB page. Doesn't look like there is much to this so called festival. People bought tickets for entertainment that has been all but totally cancelled. Wonder if they'll get refunds? LOL!
As to other misinformation on MRIB. They do not have a South Carolina license so claims of stores in that state and a rep are obvious fabrications. There are no retail locations in Florida either and it is questionable whether the MRIB license there is still valid. What is known is that MRIB has not sold a single bottle in the Southeast US. Any claims otherwise are simply MRIB minions spreading false rumors trying to keep the stock alive and keep people from realizing the company is out of business.
Why would MRIB have a rep in SC? They don't have a license there. This stuff is just being made up as we go along. Total fabrication. We have someone among us who is Margrit and/or friends folks. No doubt about it. Just someone trying to keep MRIB trading to make money on the dump. Making things up, talking about advertising and how things are great when they're not. Truth is MRIB sold nothing last month. That's a fact. Margrit checked out six months ago. She's sitting at a computer trading on ETrade loading off her garbage on you. Buy a single share of MRIB and you will lose it. Every dollar goes in her pocket. I guarantee that. We will see $.002 before the end of next week.
I've never seen one of those items disproved. THey must all be true. Actually every bit of evidence proves them true. Out of business and all the rest. It's time for MRIB to prove they are in business.
If there is a full time rep in Florida why did no one from MRIB show up at the event? One MRIB event in their history and the rep isn't there? Sorry. I don't buy that. Who is the rep? Name? And if there has been a rep in Florida why is Marani vodka not in a single retail location?
The dude pictured working the MRIB booth and making pleas on Facebook to come to the MRIB party that no one showed up for at the festival is Michael Williams, one of the promoters. No one from MRIB. I know of what I speak. And there were no contacts made because no one from MRIB was there.
There's a couple of folks around who claim to speak with MRIB and Margrit. Can any of them ask Margrit why the company doesn't seem to have sent anyone to Florida to represent the company, brand and product or even arranged for any representation? Do they even care anymore? It doesn't lend much credit to the company still being in business. If they can't show up to an event they're sponsoring it doesn't say much as to any ongoing effort.
Just to put it in perspective, I'm a sponsor of an event next week in Europe. Not huge but we are a headline equipment sponsor. I only paid 3000 euros for the sponsor deal (I'm sure more than Margrit has ever paid for any event in spades) but I'll be getting on a plane Friday night, flying almost 24 hours (London, Munich, Gothenburg) to Sweden and although tired, proudly representing my company, brand and product. I hired three models to work a booth and pass out collateral and arranged interviews with three of the international trade journals and two television streaming interviews.
After three days there I'll be off to distributors and clients in Norway, Finland, Russia, Ukraine, Italy, Austria, France and Monaco (that's actually a personal visit with my friend who coincidentally got me involved with MRIB! LOL). All of it in a matter of five days before getting on another 24 hour return trek to the states. I pay myself $1 a year and have not a single dollar of investor money.
Margrit pays herself as much as $4 million a year in compensation, has taken in $30 million from outside investors, Has all her personal expenses paid for, has never put a dime into the company and can't even make her way to Florida for a couple of days to promote the company, brand and product? Not that it would mean much with such a lame event but still. Why do it then? PR, PR, PR and keeping up appearances. She's sitting on a beach or vacationing somewhere right now. We all know it. She puts forth NO effort. No work. She's a sloth. Lazy to an incredible degree other than when it involves stock scamming and gathering cash.
Get a job Margrit.
No. Don't put words in my mouth. What I am saying is that this "charity" that supposedly helps sick children has only had three participants in their program in ten years of fund raising. One of the participants died more than a year before being accepted as a participant. And according to the 501C public records it doesn't appear that this foundation has made much, if any, financial contribution to any of the causes they claim to support. As a matter of fact they don't even claim any given causes, just the production of movies, only three of which had anything to do with any kids over a ten year period.
Now considering that the last participant was accepted in 2010, that means they've been raising money and taking in donations, selling movie tickets at festivals all over the country just like RFF, selling their pay per views and CDs on their website and subscriptions and advertising on media like YouTube and Vimeo for more than five years yet they don't appear to have contributed to anything or anyone other than a common and consistent list of pretty much second rate producers, directors, writers and actors associated directly with the foundation. But they do claim to have produced over 100 of these shorts and only three of them done on behalf of the charity? Sounds pretty fishy to me.
Do I think it's a scam? IMO, yea. It's a scam. A vehicle to fund film projects that these folks couldn't otherwise find funding for. But what the people who donate, buy or support them don't know won't hurt them. They think they're helping kids, right?
And this is not something new to MRIB. They also sponsored a local Orange County charity, Cancer Network or something like that. A closer look and you'll find basically an all-Armenian club of local residents throwing incredibly extravagant black-tie parties for themselves while they only disclose a total of $2500 given to charity. Phoney 501Cs are rampant in this country. Look at the scandal at Wounded Warriors supported by so many prominent people based on their stated charter. All words though. And of the two charities MRIB is involved with, I see the same thing and both look very suspicious and self serving.