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MRIB can no longer try and survive on PR. That ship sailed some time ago and all credibility has been compromised. Nothing the company says or announces is believable any longer. With no sales, employees, sales force, marketing, advertising or capital, there is nothing for MRIB to run on.
What could they possibly PR? Another Brazil teaser? It's quite clear that MRIB can't sell vodka in their own backyard and even more clear they won't be able to do so in any other country. Their is no privileged position MRIB has in Brazil. The results would be the same as the U.S. No sales. The idea of an international consumer product company run by an uneducated real estate broker with no experience from her kitchen supporting what is most likely well over 3 billion shares fully diluted, is absurd. Making a run is not in the cards because the company is for all intents and purposes, shut down. Nothing can or will come from MRIB as far as positive news. There's nothing that can bring such about. About the only thing I expect to see in the next few months will be an extension to file a quarterly report in two weeks.
One thing I am sure you will see I'd the continued trend of dumping shares at the lows. At an average of 2-4 million shares daily as we've seen for months now, it will continue as I'm now convinced that's Margrit's paycheck of $30-40K a month. I'm still trying to figure out what the heck Margrit spent $300K on last quarter with no employees or significant expenses. Every MRIB investor should be asking themselves that same question because it's an astonishing amount of spending for a shell company with no operations.
No one knows about the new MRIB financials? That's not true. We know a lot about what they will look like should we actually ever seen them. We've been doing estimates on MRIB sales for over a year now and based on readily available information they've been dead on.
MRIB did $13K in sales for their last reported quarter (Q4 2014) down almost 40% from the previous quarter. They have added no new retailers or distributors. They have not marketed or advertised, let go of their entire sales force and all employees and reported no cash on hand as of January. MRIB lost eight or their premier Costco locations sometime during January representing what is most likely 50% or more of total sales.
While one might argue sales for last quarter are unknown,many estimate based on the above information certainly would confirm that there will be no increases in sales in the next quarter. Honestly, I'd estimate sales to be somewhere around $9,000 for the quarter. There is simply no support of results otherwise.
Financials due in two weeks. Think we will get them? Company is out of business. Doubt it.
Can anyone explain the justification of Margrit's compensation of over $4 million for 2009 alone? By the way, more than 20X net sales executed while she wasn't CEO and collecting $500K on a severance plan. I really wonder if she paid taxes on that.
On very good and reliable information, both the IRS and FBI are investigating MRIB. It's all over folks. It seems that money has been transferred from Armenia to the US untaxed. Not good.
And there goes Margrit's need for cash. 3 million shares below market. Suckered some flipper into the deal.
Not a chance. The company is out of business. Say goodbye to your investment. Margrit is spending your dollars. You are SOL.
$.0006 is begging. I thought this was a bargain? Obviously not. No one interested in an insolvent one employee company with no sales and an uneducated illiterate 53 year old woman with no experience and a track record of total failure running it and a track record of total loss. She got $5 million for doing what? She is an Iraqi gypsy who stole your money. Twice. Keep giving her money but she doesn't care. She'll take whatever the market will bear to keep her shopping at Neiman-Marcus. She got 250 million shares a year ago in options. They all got dumped on commons.
MRIB is out of business. Suing them would be futile. Maargrit continues to take money out but it's coming to an end. Supported by a few flippers left she can unload at lower and lower PPS. But it's still 100% profit. Just a matter of time before it's $.0001. The company is insolvent and defunct.
And when MRIB is forced to give up info on Wine Plant of Eraskh which is a total fraud, not my opinion, fact, we will send some people to jail. It's owned by Margrit. Come sue me Margrit. But a little hint... bring proof of Wine Plant of Eraskh. I've sent folks there. It doesn't exist other than in name. A shell being paid with dollars going there and coming back to Glendale, CA.
Strongly doubt MRIB could even come close to making that fly. Best case would be defamation or slander but even for that you'd need a whole lot of evidence that probably would be inadmissable and/or hearsay. In order to prove tortious interference versus defamation or slander, MRIB would also have to prove economic advantage as motive which is what separates the two offenses. The old "shorts" claim certainly wouldn't fly. Most importantly, in either case, MRIB would ultimately have to prove any claims by the third party as untrue and/or defamatory. What would be an untrue statement if MRIB is a scam? We already know and can prove that Margrit has lied on numerous occasions and has done it publicly as has been documented by Money TV and certain of MRIB PRs. Thief? She'd have to prove otherwise and open up the books which I doubt she wants to do and she isn't going to get any financial recovery for a statement of negligence.
Lastly, there's the question of privilege. It would most likely have to be an insider, employee or at-will employee in certain jurisdictions (applies in CA) who had knowledge of the details of any given agreement or contract. God knows none of us have any details of MRIB contracts or dealings. LOL!
And what distributor or retailer contract would you believe MRIB lost as a result of any third party actions? MRIB announces every contract even remotely possible. And surely Margrit would also use it as an excuse if they lost it to anything but lousy sales. Bottom line is that it's more than just a reach. It's a pipe dream and there's no money in it for MRIB, just trouble.
Imagine if in discovery they started digging into personal issues regarding "being a thief". Not saying it happened but I'd sure be interested to see some of Margrit's tax returns. That straw severance package would be for starters. Then we have $1M in stock for accrued salary. Do you think she paid regular income tax on it? Hope so. How about the $4 million in 2009? That's at least $1.5 million just in taxes due. No capital gains there. Just saying.
Oh, I'm quite sure of it. MRIB has no actionable offenses to pursue and as to any MRIB "list", which I strongly doubt exists other than a wish list Margrit has on a post-it on her computer, you would know that how? And I would invite an MRIB legal action. It would open the door to the opportunity to look far deeper into the MRIB operation. I know I'd start right off with Wine Plant of Eraskh move quickly to the Brazil and other foreign contracts and then break open the MRIB books to see where $30 million went. And for sure I'd take a poke at Eco Investments, NovaNet, Zodiac Brands, and maybe even Rising India. After that gets disclosed we can take a look at how any of it may apply to IRS code and some of the personal compansation, cash and stock.
A year has passed and as with all MRIB claims, all talk. Just Margrit's attempt to say the true and factual claims about MRIB being a scam should be ignored. There was never any intention of going after anyone or taking any legal action.
And again what action could be considered tortious interference? There's two categories and I fail to see how either applies to any events with respect to MRIB. You have contractual interference and business interference. In either case it involves the direct action of a third party, the tortfeasor, interfering with an agreement between two parties. It can be contractual in which the tortfeasor causes one party to the contract to not perform and then there's the business interference in which the tortfeasor prevents one party from doing business with another. I just can't see an instance of this taking place with respect to MRIB. And given existing MRIB business and contract value there is little to nothing MRIB could make claim to financially in the form of actual damages.
MRIB would never go anywhere a legal battle voluntarily. To do so would expose them to so many issues of disclosure. The interrogatories would have them explaining far more than they would ever want to disclose. It would be a MRIB disaster, as if we haven't already seen one... For the second time. LOL!
What could MRIB possibly claim anyway? People claiming Brazil has not shipped? Ok, has it? And while we're at it show us the contracts, name of the partners, etc. Perhaps claims that the Wine Plant of Eraskh is a fake? Ok show us some proof otherwise because you can search high and low and find no evidence of its existence. And how about Margrit discloses who owns the entity and her personal relationships?
No. MRIB has no interest in getting close to anything legal. And as far as monetary recovery? Total nonsense. There would be no possible way to prove significant damages and hence no financial recovery. The burden of proof would be on them and it would be impossible at best. One cannot make a recovery based on someone simply interfering even if it's proven. It's not a penalty system. MRIB would be required to show and prove real and actual financial damages. There hasn't been any. A few dinged egos and public embarrassment but no real calculateable damages. Doing any of it would also certainly open Margrit and MRIB to an enormous can of worms as to past lies, deceptions and gross misrepresentation.
Tortious interference in Marani's business? What would that be? Is there a statute you could cite? Regardless, the thought that Margrit would have decimated shareholders as she has in order to hire lawyers to take an offensive legal position with a futile legal assault that had no chance of any financial effect whatsoever is uncoscienceable.
Conversely, to believe that Margrit did such because there was something ultimately in it for her is far more believable. Margrit and Margrit alone was the only one capable of doing the convertible deals. Margrit exclusively was the only person capable of having legend removed and arranging opinion. She had to know exactly what would happen in doing so. If the intent was to build a real company all of that would be suicide. The only logical reason to do so would be to make money elsewhere, like in stock. Let's not forget Margrit made over $4 million in personal compensation in 2009 for six months of employment from a dormant MRIB not selling any vodka at the time. Almost all of that was in stock and the cash portion represented more than 100% of Marani gross sales for the year, MRIBs best, all executed by her predecessors in the form of Paul Fuegner who she burned just like Dan Senters. All about the stock. All about the financing. All about keeping all the money in a tight circle.
It wouldn't be a viable scam withou some type of "real" product so people could say that. Honestly the fact that there is a product is the last and only truthful credible component left with MRIB. And even the product is suspect given that the Wine Plant of Eraskh has been proven a non-existent ruse. A shell itself.
And what does some other shell company have to do wit MRIB? By definition MRIB is currently nothing more than a shell. Single operator, no sales, tiny market cap with 150 shareholders of record, no offices, no sales other than channel remnants at less than $2000 a month and decreasing, no employees or sales force and most importantly, insolvent with no cash, mountains of debt and serious tax liabilities. Sorry, that's clearly a shell company.
As for other shell companies trading higher I'd like to see a few. Dollars to donuts they are also scam companies or they have some intrinsic or inherent value that MRIB does not have.
Doesn't it bother anyone that in the two weeks prior to and after the last Brazil "announcement" there were well over 700 million shares dumped? Does anyone believe MRIB and Margrit were not "in the know" and trading? It has to make one seriously question the financing deals and those Margrit was doing those deals with. I have difficulty believing she was not in some way shape or form a beneficiary to the proceeds of both the cash for stock financing as well as the subsequent dumping of said shares.
One MRIB seller? You may be correct. But who might that be? The answer is blatantly obvious. It's either Margrit or someone giving Margrit cash for stock at close to zero basis. All huge profit regardless of PPS. And unfortunately there are no more buyers willing to spend any significant investment dollars to push up the PPS. The seller will keep unloading and the PPS will go quietly into the night.
Yes the MRIB phone number still works. That being the same phone number listed on the last SEC filing MRIB submitted back in 2009 after the had shut down. Again part of the MRIB appearance game to keep the charade of an ongoing concern alive an the stock trading. It's certainly no indication that the company is not shut down just as it wasn't back in 2009.
As far as good news coming from MRIB it's hard to imagine what that might possibly be. The SA bullshit has been exposed and we all should have seen it way earlier in the fact that MRIB can't even sell here in the U.S. But MRIB was given the benefit of the doubt and time to prove the ability to market and sell. That combined with lots of PR about increasing domestic demand extended false hope. When MRIB failed miserably her in the U.S. and with the lies about increased demand exposed the game was over.
Bottom line is there is no demand at all for Marani because demand can only be created through marketing and advertising which MRIB doesn't do and doesn't have the money to do even if they wanted to. Sales are actuall decreasing significantly. The best MRIB has is demand through word of mouth by and between MRIB shareholders. All that said, I reall wouldn't get one's hope up for any news let alone good news.
They've relocated to Margrit's kitchen! And as for any real relocation it's total bullshit. Why did they not list a new address? They've been out of the offices for something like four months. No notice of a new address. They only put that comment up on Facebook after someone questioned whether the company was shut down which it is. Same as Wine Plant of Eraskh. Issue some fake info and say good things coming down the pike!
There's your $.0005. Must just be an anomaly because the OBV for MRIB is clearly in a positive field trend. LOL! And of course all the charts show MRIB is due for a run! (Laughing even harder).
It's end of the month. Margrit has a car payment coming up. Need to raise a little cash.
Well, at least word is getting out about MRIB and their scam. Trading is pretty much at a standstill. Not long before MRIB heads further South.
Does anyone really think MRIB can survive on $2000 a month in net sales and falling, a 54 year old residential real estate broker with no education running the show, a track record of massive failure over 14 years and no successes working out of her kitchen with no cash and $2.5 plus million in debt? This is not to mention the total lack of credibility she has earned or herself and MRIB through exaggerated news, false hype, half truths and outright lies?
Just so anyone and everyone who looks at this company knows what they're dealing with it's all good. If one is foolish enough to put faith in that scenario then they probably deserve to lose their money. Lottery tickets represent far better odds for a return on investment.
What's even more concerning is Margrit's lack of respect for shareholder value and disdain for shareholders themselves. How did she get the legends removed from the new issues? What qualified MRIB for exemption? The only way it can be done is by Margrit's signature and blessing and a semi-crooked lawyer. BUt to the detriment of all MRIB shareholders, after promising it would not be done, she went ahead and did it without notice. That folks is what you're getting involved with if you get into MRIB.
Not only does MRIB fit the SEC definition of a shell company, they are the textbook definition of a target for operation shell expel. Single operator, no employees, no offices, little to no sales, mountains of debt and accumulated deficit, insolvent, cashless and indicating strong evedence of a pump and dump scheme... Every aspect of MRIB fits the bill. There is no business other than stock transactions.
Not true. If the company goes out of business and stops trading entirely and you can't sell, it's a legitimate total write off for tax purposes.
It's a storage facility. Cheap space. The only thing that's expensive is their fulfilling orders for MRIB but MRIB doesn't have to worry too much about that! LOL
And as for offices, yet another rationalization trying to justify MRIB's dire situation and lack of resources. A public company with one person working out of her kitchen? I think not. It's exactly what the SEC shell expel initiative looks for. Won't last long for MRIB.
That's for sure but MRIB did need a place to store close to three containers of vodka they bought for seemingly no reason. Almost 7,000 bottles in the last four years. Nice check for Wine Plant of Eraskh. Not so much for MRIB. But then again I thin we all know the scam going on with Wine plant.
Yes, there is another location but it is not MRIBs space. It belongs to Pacific Wines in Irwindale. They warehouse, store and deliver for many companies, MRIB being one of them. This has been a well known fact from the outset. The only offices MRIB had were those at Red Hill Road which we know are now vacant. Just the facts.
And how exactly is MRIB setting up to be better than ever before? Which is not saying much anyway. Perhaps Margrit is mobilizing and turnin her kitchen into the new MRIB command center? Accounting department is the dining room? Garage the new warehouse? There's nothing left to MRIB. Sales this last quarter will be less than the horrendous sales of the previous quarter, mark my words. Fewer locations equals fewer sales, pretty simple. Again we are hearing blind positive commentary on MRIBs future without a shred of factual support.
Would you happen to have the address of any new MRIB offices?
Because people need to be warned about this scam and most likely criminal enterprise. It needs to be shut down. MRIB has destroyed an incredible amount of wealth and continues to operate. If the SEC won't do anything about it perhaps at least a fair warning to the market will help frustrate the MRIB efforts to perpetuate the scam and prevent creation of more victims.
No, MRIB is shut down. The questions rationalizing otherwise are obvious. Why file financials? To keep up appearances and keep the stock trading. Announcing yet another positive SA agreement? Really? We all know why and it has now been clearly confirmed as total BS as was every other SA announcement in the past two years. Keep the trading going and keep the players at the tables. And hiring a CFO? They obviously didn't or just didn't pay him because he didn't do the financials and his firm when I called hadn't even heard of MRIB. And promotional activities are the same garbage they've always been, just far fewer of them and all committed to long, long ago when they were originally PRed. The gay bar event with some no name and the upcoming film festival. Both PAY events put on by promoters who also charge the talent! Just trashy cheap events used as PR fodder. I doubt they paid anything other than product. And that's the underlying theme.
How little can MRIB do and spend to keep up appearances? All of the above are cheap and easy and get people talking like you are believing they're making some kind of concerted effort. It's all about creating perception and MRIB will continue to do the bare minimum with no effort at selling vodka till the day the stock is halted. Think about it. If you could pull in $30K per month net doing just the things listed above wouldn't you? It's a no brainier. Financials, a couple PRs and shipping out a couple of cases to the events? Really. No one is falling for it anymore or the ridiculous rationalizations.
I think the MRIB lights have been off for a long time already DJ. Looking at the situation there's not much to say otherwise. MRIB has no cash, sales, employees, sales force, financing, foreign contracts, advertising, marketing and now no more offices. Just Margrit sitting at home in a moo moo playing Angry Birds plotting her next cash grab. LOL
I don't know how she's converting shares but it would be incredibly naive to believe that she has not been converting stock somehow whether it be directly, through affiliates, gifting or friends and family. And the questionable connections and conflicts with both financing sources and vendors sends up a ton of red flags. And keep in mind that even at the low volume we're seeing dumping off a couple million shares a day which is what we've seen comes to around $30,000 a month. Given so much stock at zero cost or steeply discounted that's a nice chunk of change given a company with no expenses and no employees.
You would be 100% incorrect. What you are thinking about is the old MRIB Raymer Street address which was a dump in an industrial zone. The address is absolutely 100% correct, 15941 Red Hill Road, Suite 201, Tustin, CA. 92780. It's listed in the MRIB reports and it is the corporate address listed for Marani Brands and Marani Spirits with the Nevada and California Secretaries of State respectively.
The broker claims the space is vacant and ready for immediate occupancy. You can certainly call him and ask as I listed his contact information as well as the listing. He can also confirm that MRIB was the former tenant. So as I said, it appears that MRIB shut down quite some time ago. Makes you kind of think about the 400 million or so shares that got dumped last week of January and the first week of February.
So of the three companies that list the 15941 Red Hill Rd., Suite 201 address, it appears all three are dark and gone. Eco Investment Properties is in default, Rising India has not reported since September 2014 with a stock price sitting right where MRIB is and then there's MRIB who we haven't heard anything new from since October 2014. And all three companies list no sales to speak of.
Looks pretty much like a ring of stock scams closing up shop having accomplished their goals.
Not sure what makes that BS. MRIB was the occupant of the 1700 sq. ft. Suite, space #201 which is the one listed and on the market ready for move in. What does the rest of the building have to do with MRIB moving out.
MRIB offices shut down and vacated. Space available for immediate occupancy.
www.loopnet.com/Listing/16128863/15941-Red-Hill-Tustin-CA/
Here's an interesting MRIB factoid...
The MRIB offices are on the market. A listing was put on Loopnet in January stating the space would be available for occupancy February 1, 2015. The broker, Vince Kagawa of Pinnacle realty listed the space as vacant and ready for immediate occupancy. He can be reached at 949-851-9099.
I guess that answers the question about how Margrit and MRIB could possibly afford to pay the rent with no sales. Well, on the bright side, I guess it's another expense eliminated.
In an interesting side note, Eco Investment Properties (located at the same address as MRIB by the way) allowed their business license to expire and is currently in default status with the state of Nevada as of February 2015.
That's $900 in MRIB flipper/gambler money being floated. Nothing more. But sooner or later the holders of the discounted shares will bite. Not worth it at that volume. They will just chip away at it with what shares they have left trying to preserve the PPS.