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Nothing to do with it. Just lazy. It's a boiler plate report and Margrit gets out the white out when she gets a chance and does it and files it when she's not out shopping. She's not paying attention to any detail. In her mind, shareholders are stupid dupes.
Winner, also take notice that the name of the distillery was left out. It's called plausible deniability. We know there is no Wine Plant of Eraskh distillery. Perhaps wherever MRIB gets their crap bottled did increase capacity. But the tie to "increased domestic and global demand" at a time when MRIB had ZERO sales and didn't even have a license to sell is an outright lie. This is Margrit's favorite lie too. She has used it no less than ten times in the last year and a half and there was not a single point in time during that period when it's ever been true by MRIBs own reporting and financials.
As sort of an aside, I spoke with a good friend who is in the business. Not vodka, but spirits. He was giving me a breakdown on costs. It's not what I thought. The cost of production is nothing. It's distribution. I was shocked with what the distributor charges. He said as much as 30%! That said, MRIB doesn't have or pay a traditional distributor. How is it their gross margins are less than 50%? Should be much higher. Either way you look at it MRIB is either way over paying for product or the skim is on regardless of the existence of any Eraskh distillery. This probably explains the ordering of so much more product than needed. It seems perhaps MRIB is making money selling vodka... To themselves with shareholder money.
That's correct. No real reason to sell because for most, if not all, MRIB is a total loss and nothing can be recouped on the basis. Probably a zero sum result for many. Might as well just wait until the end of the year to take the write off. That's why the trading is as it is. All the bag holders are simply biding time until December.
But I wouldn't bet on anything other than that. Margrit isn't making or going to make anything happen. How she managed to spend $300K in expenses last report is beyond me. No offices, no employees, her salary supposedly deferred, no advertising or marketing and $2000 a month in sales? MRIB shareholders should be an angry mob saying WTF?
No things are not well at MRIB. And honestly I'm not sure what you are referring to as "a lot else has happened since early this year..." Nothing good has happened and there's been no news at MRIB since the first week of October last year. MRIB did pay for and receive (at least we think they did) a totally unnecessary container of product. They did let go of all the employees. They did shut down and abandon their offices. The did announce in January that Brazil would ship soon. LOL. They did finally report financials which were abysmal and stated no cash on hand. They did lose 8 of 14 Costco stores. I guess you could say a lot else has happened.
As far as Margrit righting the ship, it's unlikely as she's had 14 years to get this going and has been nothing but a miserable failure... at selling vodka that is. She's simply not capable and has little to no talent to even make the attempt.
Yes.. The public announcement of BK. Margrit ha\s burned through $30 million. Explain that..
The "good news coming" cry is just a ruse. MRIB is gone and done. Investing in it is investing in a defunct company. Nothing to prove otherwise. Any money invested in MRIB at this point is lost money.
There's no lease left whether it was left before or after the term. MRIB went out of business and left. The company is defunct.
If you can get some MRIB shares at $.0004 or thereabouts you might be able to make like $8. The company went out of business six months ago. Fired all the employees and abandoned their offices. Invest at your own risk in an insolvent defunct operation.
And what do we say about millions of dollars MRIB paid to NovaNet, Wine Plant of Eraskh and Zodiac Brands? Wine Plant of Eraskh doesn't exist. Zodiac has been dark and out of business since MRIB went dark in October. NovaNet seems to have gone dark as well and is a known stock promoter. Not looking too good for MRIB. Looks a lot like a total scam.
Well... The MRIB report is due today. Think we will see it? The $4000 they made for the quarter should turn off any future investors for good.
Again, who cares if it's a material event or not. It happened and Margrit didn't tell anyone. How can that be defended? What is wrong with it is that MRIB no longer has a valid service address which is a requirement of any active corporation. That's a no-no.
Who cares when the lease expired? MRIB shut down and moved out with no forwarding address or notification to shareholders at the end of the year. The landlord listed it for immediate occupancy in January. I called the broker at Pinnacle and he said the space was empty back in February. The knit-picking over lease details is meaningless chatter and an attempt to distract attention fo the MRIB bad act and bad news.
Just another lie by omission by Margrit and MRIB. Company is shut down and out of business. I'm sure they'll keep doing a few cheap free events to give the appearance something is going on, keep the stock trading and the zero cost share sales/dumping and ATM active, but that's all we're going to see.
Brazil is obviously officially a bust and dead deal proven to be identical to the 2009 India ruse. Costco is down to six stores and I'm sure soon to be zero. Total Wine hasn't sold any product in six months. Not a lick of advertising, marketing and promotion being done. Just nothing left at MRIB.
Things are beginning to happen now? Like what? People keep saying this and that "good things are coming" even making claims of having spoken to the company or Margrit. Yet, there's never any substance to the claims or any details. Just ambiguous chatter about nothing and a continued MRIB silence.
And to claim product placement is what Margrit does best is unsupported. When has she ever placed any product? She's had eight months as the sole head of sales and product placement and has done nothing. When is she going to be held accountable? And let's talk about "moves she has made" since everyone left the company. What would those be? Putting out a bogus PR about Brazil shipping soon five months ago? Shut down the offices with no notice of a new address or office? Ordered another container of product for the US that wasn't even close to being needed? Made public claims of increased US demand and then publishes financials, late of course, showing a 40% decrease for the period in question? Attended a Hispanic pay-to-attend food show a few miles from home? Posted a few ambiguous teaser comments on the MRIB Facebook page? Crawled MRIB message boards all over the internet under different monikers spewing good things about herself?
The only moves Margrit has made involved the shut down and unwinding of MRIB, a clearance sale on shares and collecting whatever revenues she can from aging inventory from the handful of retailers left since Dan departed. Margrit couldn't sell water to a man dying of thirst. Not unless it involved a stock deal.
Margrit has never sold anything but a phony story and a pack of lies. Since Dan left sales are down 40% and probably even more this last quarter. She's had almost eight months being in charge of sales and hasn't landed a single new client or retailer. She did mange to lose eight of the fourteen Costco locations Dan brought in.
Margrit has been at this for 14 years and the only sales MRIB EVER recorded were during the period in 2009 Margrit wasn't with the company. Margrit has been an abysmal failure from day one and continues to build track record of such. All she does is lie and say "good things coming" through inert et surrogates. She let go of the employees, abandoned the offices and shut down the operation without telling anyone for crying out loud.
Margrit trying to sell anything but the MRIB charade is laughable. She knows zero about selling vodka, is about as articulate as a bag of rocks and has the charisma and sales savvy to match. She can barely put together a complete sentence and when she steps on her tongue trying she cackles and laughs like a buffoon. Trust me, Margrit isn't going to sell anything nor does she have the ability or capacity to do so. Next fins will show sales down to almost zero for sure.
Margrit's minions are now saying that Marani is produced at NOY Distillery. As I thought. There is no Wine Plant of Eraskh. Money going to a shell and comes right back to Glendale, CA. Money laundering operation. Now we know why Margrit ordered a hundred times what she could ever sell. All the cash came back to her with a warehouse full of overpriced vodka.
MRIB has turned into an ATM for Margrit. If it wasn't she would have sued me by now. Every dime that buys stock in MRIB goes in her pocket IMO. I left the door wide open for her to sue, if it wasn't true, but she hasn't. Probably would do so for appearances but just doesn't want to spend the money as long as she can keep cashing in.
I doubt there's anything that MRIB could do outside of some real outright lying and illegal shit that would ever get it close to $.0011. That ship sailed when they let go all the employees, moved out of the offices and were exposed on the Brazil fail and lies about advertising. Losing Costco was the nail in the coffin and then reinforced and confirmed by the abysmal financials. There aren't even any pops left at anything other than tiny volume. All the high volume is selling at daily lows. Like I've said. Someone is taking out $1000-2000 per day on average, all at daily lows before some insignificant buy to bring the level back up for the next day of dumping. I doubt you could sell even a million share at $.0006. Watch Margrit do it after she reads this to prove me wrong! HAHA.
Same trading trend. Matched trade of insignificant value and then dump the big stuff at daily lows. Folks see MRIB trading at $.0007 and then see shares put up at $.0005 and they see imaginary dollar signs. Problem is they'll never get rid of those "cheapies" with any profit.
IMO, Margrit and/or affiliates go out and buys 100,000 shares on a protected matched trade at or above market. Money simply moves from one pocket to the other. They come back with ten to twenty times that volume at a 30-40% discount to market. Draws in the unsuspecting and they dump zero basis stock for cash at 100% profit. Easy to do given the nature of such a thinly traded security.
No. There are no more bounces left in MRIB, at least any that make it profitable. We've been hearing that for seven or eight months and it just continues to stagnate. That's what happens with an insolvent defunct company that makes virtually no effort to even hide the fact they've shut down. As long as it appears the company is in business I guess there's always a chance for some dips and bumps but it's become quite clear this horse has run its last race. No employees, no sales, no cash and most importantly no communication from the company.
That's what it's come to for MRIB. A regional ethnic community pseudo trade show not open to the public. $40 to walk around looking for free samples and handouts. But this is what Margrit does. It costs virtually nothing, it's in their backyard, doubt they're paying the guys handing out samples and they get to snap a picture and investors call it evidence of a real company. All that picture represents is a shut down company with no money for real marketing and a warehouse full of vodka they can't sell trying to keep up appearances so they can continue selling MRIB shares.
Yup. Good work VF. That's how I remembered it. So Spec, MRIB abandoned the lease with 6 months on it. That's a $12,000 legal liability and a material event come to think of it. More than twice the money they made in their last reported quarter.
Relocated? To where? Do you have an address? MRIB has not changed their service address yet the offices are dark and empty. You know as well as all of us that the new address is probably Margrit's home address. The company is gone. History. Shut down and drained of every last penny other than what she can sell the rest of her free shares for which she does every day. Why is there still support for this obvious scam. They ripped through $30 Million like it was nothing and folks are accepting it and saying things are moving forward with a 54 yer old uneducated residential real estate broker with a 14 year track record of total failure running the show. What insanity!
MRIB went out of business in October. Plain and simple.
Stop the nonsense! The MRIB office was shut down and shuttered. Stop examining the reporting of such. It's plain as day. The company shut down and abandoned their space six month before the end of their lease. There are no employees. There is no cash. Just Margrit selling 2-3 million shares a day to fund her shopping habit. MRIB spent $30 million and no one can account for it. It's a scam of pretty incredible proportions.
Well, we got the regular daily run to the ATM for $1500. It's silly to believe that those shares being dumped are anything but zero basis shares.
Water, are you saying you know Ken Owen? I've been told he actually worked for MRIB although I've never been able to confirm such. I would strongly doubt that there's no connection to Charlie Owen who runs Eco Investment Properties and is also an officer in NovaNet along with Margrit, the company that lists Ken Owen as president.
Good catch their VF. I thought I remembered that were some comments earlier about the MRIB picture and interview. So he must know who it is or it is Ken Owen and he just doesn't know and wants no connection to a pretty shady character. I mean, even knowing this guy doesn't look good at all let alone being all chummy with him.
As some of these relationships are being uncovered I think there are some insiders getting a little nervous. ANything to try and distract from what MRIB was really doing and who in fact was involved.
Ok. If you know the picture I'm talking about which was published in that blog with an interview with Margrit and promoted by Ken Owen on the internet, who is it? Do you know Ken Owen? If so I have a boatload of questions about MRIB.
Whatever. We all know the "hiring" was just for appearance and a PR to try and offset the fact that the last standing employee at MRIB was gone. Doubt he got paid and probably ran for the hills as soon as he saw what he was getting into. And who is the MRIB CFO now? No need to have one, no an office, because the company is shut down. Hey, if there was any money to go around, I'm sure Ani would still be there.
It wouldn't be difficult as apparently they were in the same offices along with Eco Investments, Rising India and a handful of other companies. I have a picture of Ken Owen posing with Margrit and Dan Senters. It was posted in a blog lauding the comeback of MRIB back in January of 2014. BTW, that's the one where Margrit claimed the stock price would be $.20 by end of 2014.
Wow. Now there's a stretch. Acting in the capacity as the CFO under contract with his firm doesn't count because he wasn't named as the CFO as an individual? I guess just about everything MRIB ever releases or says can be twisted and/or rationalized into some kind of excuse or an out. Bottom line is the guy did not appear on the report. The last interim CFO did. I think it's a safe call that Margrit got her PR out and probably didn't pay the guy or he wouldn't be a part of it.
And why is it that folks are going to such elaborate lengths to back up MRIB bad acts? If anything it should be an angry mob. I'm at a total loss as to why and how folks can always come up with some kind of excuse for Margrit.
We all tend to forget there are some other villains involved in this scam. I stumbled on some interesting information the other day and there is a big finger pointing at one Ken Owen. Ken Owen is listed as the President of NovaNet. Margrit just happens to be listed as an officer of the company as well. Charlie Owen, believed to be the brother of Ken Owen is listed as an officer of Eco Investment Properties, the lender Margrit gave many millions of shares to at pennies on the dollar.
Back to NovaNet. NovaNet is known as a stock promotion company. It appears that they act as a middleman and buffer to any given company in doing stock promotions so as to make it appear that the promotions are not company sponsored but ultimately the source of payment for the promotion comes from the company.
Now this Ken Owen has a somewhat checkered past including significant federal crimes, fraud and what would appear to be stock manipulation, especially through the use of the internet and message boards. Not sure whether he ever served time but he did write $300K in bad checks to the US Postal service a few years back and was sitting in a jail cell at a federal facility in Los Angeles unable to make bail. That was the last I heard of it. Regardless, it doesn't end there. He has been involved in a number of stock manipulation and pump and dump schemes and low and behold guess who else is named on one of them... Murray Goldenberg. The world is getting smaller. It gets even smaller...
Enter Big Investment. Remember them? They were calling for MRIB to skyrocket and claimed they could sway the market. Funny, they also have been doing the same for an arcade company named NTEK. And guess who made over 3000 posts in just a few months to both MRIB and NTEK boards all over the internet? Seems to have been one Mr. Ken Owen operating on the internet as The Taber, Dragon Master Steve and God knows how many other monikers. Well at the start both companies shot straight up with MRIB getting to $.05 and NTEK reaching $.20. Both crashed hard a matter of months later to $.0004 and $.015 respectively. just as an aside, one of the major players in NTEK is currently serving a two year federal sentence for mail fraud. Interesting company Mr. Owen apparently keeps.
All of this is just a little too convenient IMO. Way too many coincidences and way too many times we see the same names coming up. Way too many questionable relationships.
He wasn't just an accountant. He was listed as the interim CFO who replaced the previous CFO. Whether it was Ani or Murray Goldnberg, I have no idea. Goldenberg is listed as the CFO on all the other reports. And, accountants sign off on financials all the time BTW. Some for regulatory reasons and others because the shareholders and/or investors are made more comfortable by the certification. Obviously investor confidence and comfort is not a keen concern for MRIB or Margrit.
Just because you can buy product, some of which has been on shelves for five or more years, doesn't mean MRIB is not shut down. Would you expect some retailer to throw out their inventory upon learning the company was out of business? Hundreds of companies that have gone out of business have and continue to have product(s) on shelves.
Updating their Facebook page? Really? Yet another ambiguous "good things coming" comment from a week ago is insignificant and meaningless. And apparently the accountant that was supposedly hired never happened. He didn't sign off on the financials and his name does not appear anywhere. Either he refused to sign off on what are most likely cooked books or even more likely didn't get paid. Perhaps both.
Lastly, the event? Two unidentified old guys serving samples at a small regional community event is the same thing MRIB has been doing for years to keep up appearances. They send over a case or two, a couple volunteers work the table and MRIB PRs it and folks say "big event! MRIB building the brand!" All window dressing for a dead defunct company. Cheap props to extend the charade.
Nope, MRIB for all intents and purposes is shut down. Sales will continue dropping off and eventually go to zero. I'm sure Margrit will be more than happy to send out a case her or there should someone order but there's no sales effort in place and no new retailers have been secured since way back in October.
MRIB is licensed in California. They renewed their license but they haven't sold any new retailers and lost over 50% of what they had. As far as the other states I have no idea and haven't bothered checking because they've never sold anywhere else. Licenses were just more window dressing representing non-existent potential sales to hype the stock. What does having a license have to do with MRIB sales anyway? Sales are zero. The company is shut down. The license is meaningless.
Registered to do business? Yes. But they don't. Licenses and registrations are MRIB window dressing to get folks to say they are in business. But if they don't sell anything it's just that, window dressing. $2000 a month in sales is not a business. It's a front for a scam.
MRIB is not still in business. There is no office. There are no employees. There are no sales. The latest reports from the company confirmed that. Just a winding down over the last six months. Somehow they managed to spend $300K in doing such which is unexplainable but all the same, the company is dark and defunct. MRIB continues to sell shares although it looks as though that has dried up as well with no one willing to buy the stock. Just a matter of time now.
The only reliable information you can confirm is that MRIB went out of business six months ago, let go all employees and closed their offices for good. It's done and confirmed. Anything else is just talk. Go to their offices folks. No one there. Go to Broadcast West. No one there. Go to Zodiac Brands. No one there. Go to NovaNet Media. No one there. Go to Eco Invstment Properties. No one there. Packed up the scam and left town. It's like the movie "The Sting". All an elaborate charade and at the end of the day actors, confidence men and props walking away with all the money and an empty space.
It wasn't an office change. It was anbondonment of their current offices before the end of their lease. They are OUT OF BUSINESS. Anyone investing in this POS is investing in a defunct company.
No new accountant signed of on the last financials. Probably refused or didn't get paid. It was signed off by Margrit. Bottom line is next financials will be worse then the last. Company is not selling anymore. Just look at the last financials. It's not an arguable point. Not that it matters. Sales are so miserable to start with.
$2000 a month? Could you live off that let alone run a consumer products company in a fiercely competitive space? And does anyone think great things can happen for a company that generates less than a minimum wage worker? It's laughable. MRIB is defunct. The money has been distributed to the insiders and it's all over.
Just a picture of two hombos posing with a couple bottles of Marani. Another stretch to try and prove there's anything to MRIB. And they're certainly not employees. Probably just friends of Margrit's and/or shareholders.
Why wasn't Margrit there pushing product? Someone taking a picture of a couple of guys with the bottles a company does not make. MRIB has been out of business for quite some time. These bogus events are just residual crap used to keep up the appearance of an ongoing operation.
No new retail locations, a 40% drop in sales and a loss of more than half of their retail presence. No cash, abandoned offices and all employees gone. Keep trying though.