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Five business days does make since. Good catch
Good morning MRIB'ers let's get it done!
Technically there aren't really any financials for Q1, they were still setting up distribution, etc for all but the last nine days of Q1. Us longs are more interested in Q2 and beyond.
I hear ya, I'm probably 99% day trading S&P, NASDAQ, etc these days and almost never go long unless I see really good things. I always keep my eye out for exactly this type of situation. Its hard not to try swing/day trading it, but I know in the end it will pay off much more to just hold long.
Nothing wrong with going all in on a legit company. If I wasn't in the middle of moving my family to another state and pretty much starting over I'd go all for sure and I'll be kicking myself later because I didn't, but keeping some cash is the way to go at this point in my life. I do however have enough that I'll be very well set even at .50-1.00 range which I believe very strongly we are heading.
I've been in several of these "come back companies" over the years when I only had hundreds to work with and did very well. MRIB has all the same things going for it and we just have to stay long while the contracts complete. This is a multi year investment which is going to pay off huge to those who hold on and some keep saying change peoples lives and they are not kidding. I think this year its gonna make a lot of people happy and if corporate has its act together like we're hoping this will expand and lots of us are retiring early.
The per month max and manufacturing processes are in the DD that CJ posts up, just gotta do a lot of reading.
As for Port Wine vs "wine" Port or Porto is a process that used to be specific to the Portuguese and more specific to the Town which it was shipped from "Porto" and is now replicated around the globe.
I have lots of Portuguese friends, they talked me into trying the authentic stuff and I thought it was nail polish remover, but I guess they love it. Ruby Port isn't so bad, but this is coming from a hillbilly.
Can't wait to try Marani's version.
I think the polar express song is in order, someone queue it up, I'm driving.
They are thinking Marani 1.0 from five years ago. This is 2.0 totally better company with Dan leading distribution this time.
Wow, so glad I doubled down my parents account today. I weren't the middle of moving my family across the country I'd have bought a bunch more during this last down trend.
Congrats Margaret and Dan!!! Great job!
Just added a little more to my parents position.
Looking today.
No kidding, very low volume and very quite forum today and we are holding great. GO MRIB
That is exactly my fear. People not paying enough attention will fail to understand this quarter report will be as close to the beginning of MRIB's sales distribution as possible and so may not reflect much from an earnings standpoint. Completely missing the real value of the report which is confirmation that MRIB is for real and growing fast.
To us longs any price under .10 is absurd, really should be much higher.
Quarter report this week, so it could be any moment.
True dat, If I didn't like Colombian coffee so much I wouldn't likely know the difference.
I'd proof read better than them for sure, but remember Yahoo articles are associated press and others and I assume written by persons with degrees in journalism and possibly even lots of experience and time behind a keyboard writing.
Most internet articles aren't very well proofed these days, ever read Google or Yahoo news? It's painful for me and I don't spell or know grammar well.
Sounds like what I've had in my head since the beginning of March. Wish others could see the progression and potential. It will happen in time though and we will be the ones that held on from the beginning.
Spot on, those are the only pinks I go long on. I think this is gonna be one of my best picks ever.
Back from a trip to the beach, let's get this rolling.
GO MRIB
I told you so, to who ever was arguing with me two weeks ago about Marani never selling wine. LOL know what you own.
Looking at a one year and longer chart puts things in perspective, we are still in a very good uptrend until we come down a lot further.
I agree, looking at the L2 there really isn't that much selling lately, it's just selling on low volume.
I'm right here with you GQ, long and strong
Wow I go away for a few days and y'all kill my stock, LOL. I'm here at least until next year, GO MRIB
I'm guessing it's a little hard to flip large size? I can't see flipping $100k worth the slippage could be significant and things could go really wrong in a hurry.
I wouldn't bother for only$100, but I guess some people just like being risky. I wouldn't say consider this stock predictable enough for that. But I'm totally new to penny stocks unless you count the longs I get in occasionally such as this one. I day trade stocks in the$10-20 range with daily volumes higher than one million. Seem to give me the best bang for my bucks.
My brother in law plays pennies a bit, he tipped me off to MRIB and I see the potential.
Signed on here to observe how this penny stuff works and chat with fellow longs about how rich we're going to be
Friday's over, off to the beach for me, I'll probably check in next week if the wife lets me, otherwise we'll be playing in sand with the kiddies. Have a good weekend everyone.
I'd rather do two-four trades in the real markets utilizing 100 times more cash of course.
I've never bothered looking at flipping penny stocks, I have play money in MRIB, I can't imagine flipping with only $100.
They'll have to zero me out before I sell.
Ive seen a lot of unexplainable things while watching individual stocks over the years.nothing here is new to me, though frustrating and why I typically only day trade.
It's better to simply react to the market instead of trying to understand it. Sometimes it's lack of some knowledge other times it's manipulation.
Marani is the distributor,I don't believe they own the armenian factory however they do have an exclusive contract with them. In early interviews it sounds like the factory exsisted and was selling at least in Armenia. Sounds like Margaret loved it and has been trying to introduce it around the world.
I'm long too bud,I could have miss read something, If you look back I've been here holding since before the March run.
They are working on it for sure. I'm currently driving or I'd link an article, it specifically mentions port, and other types.
They have wines in the works. Licencing is approved in Cali
Excellent articles, next stop blue skies and warm beaches
Don't take this a negative towards MRIB, I'm long and that ain't changing, but I do think you or I might be misinterpreting the brazil revenues. Your talking millions per month or even quarter and I think that is incorrect.
The contract is 40million I believe over 5 years, correct me if that is wrong. If that is the case then its more like $550,000 per month at full price. Assuming they are getting the 48% at the retail price then thats cutting the profit down to $260,000 per month. These are minimum contract requirements and still EXCELLENT earnings for a start up. I just wanted to make sure the numbers are correct.
My math;
40,000,000 / 72 months = 550,000 then 48% of that is <> 260,000
So a single quarter's revenues and likely what we'd see 2nd quarter this year will be at least $1,500,000 in sales and about $780,000 in profits before any odd business expenses.
VERY RESPECTABLE NUMBERS and not taking into account any US or other sales or other products.
GO MRIB!!!
That's my thought, been into trading for almost twenty years and have never considered AS OS, or float.
They should be reporting by May 15th.