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There's a lot more proof that MRIB is out of business than otherwise. No offices, no employees, no cash, no sales other than residual inventory that's been sitting on shelves for months and the only customers are MRIB shareholders! LOL. The whole MRIB idea is to appear to be in business without spending any money which is what the free events are all about. That's the only activity going on. Not a single new retailer added since October 2014 and sales already down to $2000 a month as of the end of December. That's not a business.
And exactly what is the impact of a D-list rapper event in Barcelona Spain? MRIB doesn't sell in Spain so what's the purpose of doing an event there? And if there was anything going on in Brazil wouldn't that be a priority versus this bogus event in Spain? We all know what it is. It's an excuse for an all expenses paid vacation. And Marani isn't even listed as a sponsor so it's not doing a whole lot towards getting the word out. Just another cheapo pay to enter promotional event. Up to 500 euros to get into the VIP area to try some Marani. Really?
Well, the numbers for MRIB are as current as their late and limited reporting allows us. Saying they're not current as of today doesn't support anything that would tell us they're any better than the last quarter(s) although I think that's what is being suggested. Point is there is not one iota of evidence that sales have or will increase over the past two quarters. As previously stated, ALL evidence indicates yet two more quarters of abysmal and decreasing sales.
Yes, as current as MRIB will report. Considering sales were roughly $2000 a month at the end of December, they've added no new retailers and they lost eight of fourteen Costco locations since then it's more than a safe assumption to estimate no more than the last reported sales levels for the past six months and most likely sales will be considerably less. Myself and others have been estimating and forecasting sales for over a year now and with each MRIB disclosure have proven to be highly accurate. This obviously upsets the MRIB longs who can only say they are estimates or opinions hoping to suppress the bad news on sales, that is, until the actual numbers get reported and it's back to saying we don't know what sales are for the unreported quarter(s) since a report.
No, as I said, I suspect Margrit is just taking a nice vacation to Spain on the shareholder dime. She needs to have some type of excuse. She shut down the business months ago so plenty of time for vacation.
Oh, and the fact that this event is in Spain and not Brazil tells us just how far along the Brazil deal is. An event in a country that MRIB doesn't even sell in versus a country where they supposedly have a $100 million deal? Let's get real.
The latest MRIB Facebook post is yet another indication of just how lame the MRIB effort is. Another silly no-name festival with a bunch of third rate talent in... Wait for this... Barcelona Spain. You've got to be kidding, right? And it's announced just a few weeks before the event. MRIB isn't even listed as a sponsor.
Does anyone want to bet that Margrit, Santiago Ramos or both will be in attendance? A free all expenses paid vacation courtesy of the MRIB shareholders. These last two weeks and 20 million or so shares dumped? Gotta' pay for the trip! Just the past year or so, London, Miami, NYC, Rio, Amelia Island and now Barcelona. And not one bottle of Marani available for sale at a single retailer. Margrit out globetrotting when she should be pounding the pavement up and down the 405 and 10 freeways knocking on retailer doors.
MRIB out of business as of November 2014. No evidence otherwise. Now a defunct dormant shell. Insiders selling off the rest of their zero basis stock. Not sure how much more they have left but it's been systematic for the past six months. New level is now $.0004.
Should be into the $.0003 range by end of week. No more interest. Just some vultures thinking they an make $50.
September 2014... in reference to the first Brazil shipment on Money TV directly from the side of Margrit's lying mouth. "Shipment is on its way." Was that a statement?
"Experiencing increased demand". Was that a statement? I wish I had a nickel for every time Margrit has used that expression. Problem is that it has NEVER been true. Quite the opposite in fact. There is no demand for Marani vodka outside of the shareholders who buy it and probably Margrit herself picking up a couple of cases a month with shareholder money trying to pad the sell through numbers.
Think about it. One shareholder said he bought $2500 worth himself in the last year or so. That's almost 10% of MRIB's total net sales for the year. One guy!
Why would it be necessary to release that PR if it was a non-event as it related to MRIB? Do you really think the intent was NOT to imply the capcity increase was directly related to MRIB and production of Marani vodka? Do tell, what was the purpose of that PR if not to imply such? Don't tell us about what was "stated". Tell us what you believe the intention and purpose of the PR was and why was it of any importance to MRIB shareholders and the investment community.
Oh... we do have the Rendevous Film and Gaming festival coming up. $350 to get in to see MRIB and have some Marani. Yea, that's going to work out well. $350 to see some third rate indie films and get a sample of Marani. Probably just an excuse for a Margrit vacation.
If MRIB expected to get operating money from anywhere, why would they let go of all the employees, shutter the offices, cease sales efforts, stop communicating with the outside world and basically shut down? Not going to happen folks. Any money coming into this POS is strictly based on share sales and that money is most likely not making it into the company coffers.
As predicted, looks like $.0005 is the new $.0006. Sure we will see the $.0004s and $.0003s before too long. The support level continues to drop little by little with the couple million shares being dumped daily at new lows. All zero basis shares I'm sure.
Nothing implied? Why make the statement? What do you think the intention of the PR was other than to imply "increased demand" and suggest growing sales? Again, looking at a statement and picking the structure apart to give MRIB an out or excuse when the intention of the PR was quite obvious. Are you suggesting that MRIB was putting out a PR about some unknown distillery increasing production capacity and it had nothing to do with MRIB or Marani?
MRIB has consistently and methodically crafted these bogus PRs that are highly suggestive and the obvious intent is to create optimism and interest in the stock. How about "product is on its way"? How about "profitable by Q2 2014"? How about "pleasant surprises"? How about huge deals with national retailers and Costco expansion. The PR has been at best deceptive and the intention clear as day. As to the PR in question, if it was anything other than an false implied message about growth and increased sales and demand, it should not have been released. It's about intent not sentence structure and syntax.
They implied the production increase and stated it was to meet increased demand. If not or we can twist it around to mean something other than that why PR it? We all know what the intention was and it was a typical MRIB deception.
There are no law suits. There are no sales. There is no business. MRIB is a defunct shell. The share dumping continues daily a couple of a thousand dollars at a time. That's Margrit's paycheck. And if MRIB reports numbers which I doubt, they will be abysmal and confirmation that there's nothing going on at MRIB other than continued share selling and frivolous spending. Still haven't heard anyone explain how MRIB could have spent $300,000 in a quarter with no expenses to speak of. Any thoughts on that one Gold? Sort of a lot of money for one person who claims to be deferring salary, no offices, no employees, no marketing or advertising and no evidence of any other operating expenses of significance. Where's the money going?
Ok. So who sold almost 4 million shares at an apparent loss today and has been doing so for the past six months? Are you not seeing what's going on? And answer this... How in God's name did Margrit spend $300K in Q4 last year with no employees and no advertising or marketing expense? I'll wait for an answer but I don't think you have one. That's a lot of dough for a company that's been shut down since October. How do people keep making excuses for this woman who is obviously fleecing investors. She's been doing it for seven years and probably more. Either folks are trying to keep their under water investment alive or they are friends of Margrit. Maybe one of the two old fogies at the "events". Either way, it's ignoring the obvious.
Let me ask you this... Would you take $1500-2000 a day for 20-22 trading days each and every month not to mention the skim off of Wine Plant of Eraskh, Zodiac, NoveNet and Eco Investments?
Because that's what it has been on these dumps at daily lows. Go and check the records. Now I'll take that a step further. If you were a 54 year old residential real estate salesperson with no education, a track record of abysmal failure that created a company with $3 million in debt and a $30 million deficit over seven years with $2000 a month in sales and nowhere to go other than back to being a commissioned salesperson selling three bedroom ranches in Glendale or an administrative clerk working for $40K a year how would that money look to you for doing absolutely nothing. $1850 is nothing? Maybe for the day but every day it adds up. Maybe you haven't been watching.
Margrit sold a lot of MRIB today so far. Must have a car payment due. We now have more shares sold in one day at $.0005 than were purchased in the last three months. How do the longs explain that? Simple. Margrit and/or zero cost basis holders are dumping because it's game over. They're on the inside and they know it. Longs can do nothing but wait for the end or take pennies on the dollar for their total loss investment in a scam. Hard to accept but those are the facts. Margrit is out shopping in Newport Beach and lunching at Pelican Hill while MRIB investors are left to lick their wounds.
My bet is every one of today's sales went straight to Margrit and/or her partners in crime.
Trust me, MRIB is a boat you don't want to be on. It's out of business. That's just a fact. No offices, no employees, no income, no cash and mountains of debt that will never be covered. Just like the other five or six companies that listed that Red Hill Road suite as their "headquarters". IMO, that location was scam central and a criminal machine run by Ken Owen, Charlie Owen, Deborah Ridge, Walter Luce, Margrit Eyraud/family and Richard Melland. The proof is all there.
Wine Plant of Eraskh is a total fraud. Zodiac Brands the same. Eco Investments and numerous others all part of it. All now dark and shut down. They've taken the money and run. Just need to keep the charades running for another 18 months with no legal action by shareholders to get by the statute of limitations on claims.
Makes all the sense in the world and it's been done every quarter of MRIB's existence. They could never file but that would shut down trading for good. No one would touch it. Better to delay the bad news as long as possible, sell a bunch of stock in the meantime and then finally release the abysmal numbers just before the world declares them dead and reset the PPS at a lower level later for the next series of dumps. Look at the last six months. It's exactly what's happened. Had it not been for the lie in January about Brazil MRIB would be down at $.0001-.0002 by now.
Misanthrope, It's not even that. It's the obvious lack of respect Margrit has for MRIB shareholders. Truthfully I think it's both that an she's just plain lazy. She hasn't worked a day in the past 15 years unless it involved something shady. She was a friggin' office assistant that moved to CEO and chairman. Gimme' a break. She can't do the accounting on $2000 in sales? Or is it a matter of it takes time to cook the books correctly?
Bottom line is MRIB went out of business six months ago. Sales now are just recourse movement on existing inventory. There have been no new placements. In a couple of months MRIB will be right back in the same place as 2010. A warehouse full of product and stgnant inventory sitting on the shelves of a handful of retailers who regretted not doing a recourse/return deal.
Yes. And experienced penny stock traders know exactly why MRIB is doing it. To suppress the bad news and suppress the fact the company is a scam. Pull in the unsuspecting newbies and try and take their money on spread playing in the game right along with MRIB. But no one is biting now because of the lack of credibility MRIB has shown and the myriad of shady deals. Newbies should know that failure to file is just a way to preserve a stock PPS before the bad news drives it down further. It is a trademark of the P&D. So if one gets that boiler room call from a promoter telling them about the "incredible MRIB opportunity", just ask the broker if the company is current on their accounting and if not, tell him to call back after the company files.
That's nonsense. MRIB holds off on financials every quarter to hide the bad news as long as possible. IF we get the next report with a mere $5000 in net sales if MRIB is lucky, do you think MRIB PPS will be anywhere near $.0006? It will be cut in half for sure. Especially when the expenses are forty times net sales. It's just a stall to keep trading without bad news coming out.
We all just would like to know what you heard and the source of the information. These little tidbits of limited and unsupported information are common from MRIB and always amount to either a lie or a ruse. Margrit is filtering shady and ambiguous information through outsiders and avoiding all accountability. If it's false, it didn't come from her or at least folks won't admit such because it exposes her credibility. "Good things coming" and "It's in progress" is the same trash we've been hearing since July last year all the while with the stock in a death spiral and not a single piece of good news or sign of progress. Just bad news, non-delivery on promises and abysmal sales.
And I'll tell you why I think Margrit has gone silent. She crossed too many lines because she's stupid and can't get her mouth and brain to cooperate with each other. To claim that MRIB is experiencing increased demand is one thing, to say that a shipment on the Brazil contract was diverted to the US due to increased domestic demand is quite another. She speaks without thinking and although her PRs are worded carefully her appearances on Money TV totally trumped plausible deniability. Her partners finally had to shut her up and keep her from speaking publicly. And I also believe she is a puppet of sorts. The real folks to look at here are Richard Melland, Ken Owen, Charlie Owen, Deborah Ridge, Walter Luce, Murray Goldenberg, Santiago Ramos, et. al. and all of their little shell company operations selling and manipulating stock and what appear to be straw man financing and stock promotion.
Financials in progress? How would you know that? Please don't say that Margrit said so. We've heard that before. The issue is that every quarter MRIB is late and every quarter MRIB holds off until the last possible moment before releasing the same old boiler plate financial report with a few adjustments for the given quarter. Same errors, same typos, same report. All of the numbers are always abysmal as well.
FACT is it couldn't take more than an hour to prepare the MRIB financials for any given quarter but it takes Margrit six months to do an hour of work. Why? Because the reports are so bad MRIB doesn't want anyone to see them to gain as many trading days as possible before the bad news hits. It's gotten worse every quarter for a year. Who do you think is dumping those shares today? It's someone who got shares for nothing or close to nothing otherwise it's someone selling at a significant loss because there haven't been any shares of any volume at those daily lows. And who would sell now? A long sticking it out who has nothing to lose by hanging on until the end of the year or someone on the inside who knows MRIB is going nowhere but down and realizes pure profit with every sale? It has to be an insider or MRIB/Margrit herself and if they're dumping they know ore than we do.
2.5 million already today? Must be a sale at Neiman-Marcus this week. Margrit seems to be dumping a few more shares than usual.
And the darkness spreads where MRIB is concerned. Zodiac Brands, Eco Investment Properties, Broadcast West, NovaNet Media? All now either in default or revoked status. Guess those shell companies served their purpose in funneling shares and dollars out of MRIB.
And then you have Rising India, RSII, the other public scam that lists the same Red Hill Road addres as MRIB. Controlled by Walter Luce and guess who the officers are... Good ole' Richard Melland and Deborah Ridge from Eco Investment properties. What a small world. MRIB along with every other person and entity tied to that Red Hill Road office clearly appear to be total scams and all seem to be winding down. RSII hasn't reported in close to a year!
And who would you propose is dumping millions of shares on average daily at what would appear to be a loss the last 90 days? Only a handful of shares have been picked up for less than $.0006 in that time yet over 100 million shares have been dumped. I think someone knows there's no news coming, at least none that's good news. The biggest problem for MRIB is that they overplayed the foreign deals and really flubbed with Brazil. We all know now that it's never going to amount to anything and they can't even PR it anymore. Then again, perhaps MRIB played it (us) perfectly. MRIB version 1.0 ran a cycle of 20 months before going to zero and totally dark and that's just about what it's been with MRIB version 2.0. Looking even more like 2009 every day.
And less than a month after MRIB got back to their current information status with OTC the warning is back on. No extension filed this time though. Perhaps an indicator that it's game over. But to publish any financials now would probably be the nail in the coffin because we all know sales are virtually non-existent. Probably less than $5000 in net sales for the quarter and most likely 40X that in expenses. So, I wouldn't expect to see another financial report from MRIB. It would only serve as a final confirmation that they've shut down and went out of business.
Yes. On the same level as Enron morally. Lying, cheating and thieving manipulator so fleecing the public with a massive deception and scam. Just not the same level with respect to dollar amounts. The othe big difference being Enron did do a lot of honest business which is something that can't be said for MRIB.
Margrit just made a little run to the ATM...
MRIB is doing well? There seems to be no proof of such. Offices shuttered, employees gone, as ales dropping like a rock, no revenue, no communication. MRIB is not shut down and out of business? I'd say the evidence is quite contrary to that assumption. We've seen nothing but evidence that MRIB shut down months ago.
Has anyone talked to Margrit or anyone at MRIB since Margrit shut the company down six months ago? It's been a long time since the shut down with no news of plans. Bankruptcy? Just stay dormant like 2009? Seems like Margrit should at least have released a plan of some sort. Didn't even file for an extension on the late financial reporting due last week.
Why is RSII in the same abandoned office suite as MRIB? Eco Investments as well? All have gone dark after stealing millions from shareholders. Multi public scams going on. All being supported by optimistic and false claims by insiders on message boards with "good things coming". We've been hearing that for over a year with no support or facts. Just wait, wait, wait. Yup, wait until the insiders can finish unloading. MRIB is just about finished. June notes will be the nail in the coffin. Won't be able to get $.0001 after those $600K in notes come due from a company making less than $1000 a month.
No, not really. It's a new starting level. $.0005 will generate trades at $.0002 to $.0003. It's making its way down slowly but surely. A dead shut down company in a death spiral kept alive by longs and MRIB insiders trying to unload. MRIB went out of business back in October with the Brazil fail. Now it's just a matter of how many folks they can find to unload the zero basis stock on.
No. Margrit selling whatever she can to pay for her expenses. Nothing new going on. Brazil dead and sales going away. You said they were doing better for three straight quarters and it's been the opposite. Sales are now under $2,000 a month. Last check of online inventory systems has MRIB coming in at less than $4,000 for the last quarter. 8 of 14 Costco's lost. No new retailers. No employees, no offices and the company hasn't said a word in seven months.
Obviously we have found our new MRIB level around $.0005. Next month we'll see $.0004 and so on until the flippers finally realize the scam holds no value and anything bought can't be turned around and they got duped.
Even the $50 flippers are getting out at a loss now. They thought they could make a couple of bucks buying at $.0005 and $.0006 and now even they are giving up because no one will buy them at a profit.
Fact is the company moved out of their offices months ago, sent the employees home (or more likely, they left because they weren't getting paid) and pretty much shut down the operation.
$2000 a month in sales and decreasing is just a horse that should be taken out behind the barn and put down. Total SCAM spending a fortune on unexplainable expenses. Paying a distillery that doesn't exist? We all know where the money is going for product that can't be sold. Why buy product you don't need?
All of the companies at Red Hill Road have gone dark as well as their creditors. Rising India, Eco Investments, NovaNet, Zodiac Brands and of course MRIB. Just a blatant scam involving numerous folks arrested and sanctioned for previous bad acts.