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The Marani recipe name is perfect. "Upside down" just like MRIB shareholders! LOL! Here's a recipe. One part Marani vodka, three parts fecal matter. Shake and layer top with whip cream and a cherry garnish and gold glitter. It's called the Margrit Marani Surprise. Looks like a delicious chocolate sundae treat but there's a surprise as you dig deeper. And it doesn't quite pass the smell test. LOL!
Wonder what MRIB paid for that blockbuster piece. Two cases? Pretty lame. 25 views in ten days and probably twenty by MRIB investors. LOL! What's next for Margrit? Home video of cat sleeping wth a cigarette hanging out of its mouth and a bottle of Marani?
Also, looks like Margrit has backtracked on the story again. If no one noticed they say it's created at the Ararat Distillery in Yerevan (a large contract distiller) and not the Wine Plant of Eraskh. But I'll bet you dollars to donuts that when MRIB buys product the money is wired to Wine Plant of Eraskh!
That's not Margrit. That's the new MRIB sales rep in Vegas.
I'd say it's pretty much official. Time of death 10/2014. Phones off. Web site dead for months. Facebook page inactive as well. No financials. No news. New CFO with nothing to say or offer just like the last time. Doubt he's real like most of the MRIB tall tales. Hard to come up with anything that would say MRIB is in business. Stock is at par and still being dumped. That tells me the insiders know it's dead as well.
Let's not forget the issued shares do not include the reserve required for Bodie. With the shares recently issued, if not to Bodie, would put MRIB at or slightly over the current A/S. MRIB is maxed out on shares. They need to either issue more shares or reverse split. Either way it's game over for anyone invested now or anyone who buys now. In the meantime, raising any money through share sales is a dead end for Margrit. Not sure that wasn't expected and part of the plan.
Even if Margrit were to be a total unknowing puppet which is highly unlikely why would she stick around? Dan Senters realized after just a short time he was being used and headed for the hills. It could very well be others pulling all the strings but Margrit has been paid handsomely to keep those people in the shadows and do their dance.
She has no notable education or talent. No history of executive management and no track record of any business success EVER. It would be naive to think she's running anything, but she for sure knows WHAT it is she IS doing and as wrong and most likely illegal as it is she continues to do it willfully and without remorse. She operates as though above reproach and seemingly above the law. Just a fraud and confirmed liar for her own financial ill gotten gains and/or others. Pretty simple.
In the beginning what you've said could be possibly considered. Not now. She is entirely and completely complicit and 100% responsible for extending and maintaining the fraud. Are others or have others been involved "lurking in the shadows"? Without a doubt but trying to allot blame and/or move it away from the person sitting at the head of the table is specious at best. If anything I'd simply refer to the others as accomplices aiding and abetting Margrit in carrying out this obvious scam from Zodiac Brands to Eco Investments. We all know Margrit is uneducated and dumber than a bag of rocks and could have never ever pulled this scam off on her own but to say others are responsible to any degree is absurd. There's not a single aspect of MRIB that she was not advised on or requested to act on that was not known to her. She carried out her fraudulent acts with intent and full knowledge in a willful fleecing of public investors.
Yes, heavily diluted. This ridiculous nonsense about there being some standard for the amount of shares for any given OTC pinkie is absolute nonsense. It depends on more than just number of shares. Put the number of shares MRIB has issued in the last 18 months in juxtaposition with their sales and the dilution element is incredible. IF MRIB was making a couple of sales and bringing even a little something in it might be different. The number of shares total is irrelevant and a weak excuse for a bad case of dilution. Margrit and company have diluted the stock from $.05 to virtually zero. Now looking at $.00009. And all of it was with miserable static sales. So if not dilution, what was it? And there's more coming. But it really doesn't matter. MRIB has been out of the vodka business for over a year. It's now just a matter of how much more they can suck out of it, reverse split it so the insiders can have a day or two of profitable exit and then turn the worthless shell over for MRIB 3.0. No different than 2008 but I doubt they will be able to recycle the vodka deal again. Probably be a pot company or some AIDS cure with international implications worth billions.
How those cheapie MRIB $.0004s doing? And how about those financials? Got a full time CFO now, what's the problem? Getting his feet under him? Or perhaps it just takes time to cook the books properly.
I find it so absurd when people say positive things about MRIB and then when asked to back it up they say to "go find the confirmation for yourself" or they won't bother to because it's too easy to confirm. Basically it's MRIB "speak" for "here's a big lie that can't possibly be backed up or confirmed". Why would any MRIB supporter claim to know of new retailers or distributors and then refuse to disclose the info? If they knew of real MRIB sales, why would they keep it a secret? It's become terribly obvious that if not MRIB insiders, these folks are just under water MRIB investors saying virtually anything to try and exit the stock and/or at least keep it trading. I'm leaning heavily towards it being MRIB insiders with a bunch of zero cost stock maintaining a platform to unload at anything they can get. The stock isn't worth $.0001. It's not worth 1% of that. Claims that the company is in business are delusional at best. Check out actual cash flow from vodka sales in the financials. MRIB hasn't sold any product of note in the past two years of this renewed scam.
It wouldn't surprise me to find out that the MRIB insiders are now collecting up the rest of the shares at $.0001 and/or less preparing for a reverse split and MRIB 3.0. And if so, it will happen swiftly just like in 2008. No common shareholders will make a dime. You could own millions of shares at $.0001 and when it happens you'll be sitting on those same shares day 2 at half the value fully diluted.
So, just one place where Marani is available? Hi-Times?
Can you please post a link to the MRIB web site where Marani is available?
Many good people working? Can you name three? It doesn't appear that there's anyone other than Margrit. The new CFO/COO has been a ghost not even listing his position on business media after three months. The absence of financials that he had 90 days to get done tells me he's about as real as the last CFO MRIB announced at the beginning of the year. And what of the new marketing firm. Some blockbuster work coming out of Dumb & Dumber after six months. Maybe MRIB could go out and get an old school bus and pick up some homeless gangster rappers for a cross country tour of food banks again.
Face it folks, there are no distributors and there will be none without any sales or marketing support which MRIB doesn't have and an area MRIB has never made any efforts. Dan Senters' employment was a lark. Personally, I think the guy got duped. Regardless, MRIB has made no efforts to sell vodka other than to pump a few small deals that Dan obviously brought in and create a totally fictional tale of international sales. Since he left absolutely nothing has happened and no vodka has been sold. It's been more than a year now.
And where the vodka is made or bottled is important because of the misrepresentation and fraud. MRIB made up a story in order to sell stock. They even dummied up an option to purchase the fictional Wine Plant of Eraskh. And I'm not even sure the vodka is made in Armenia. Why would their BOL records list port of loading as Portugal and Spain? I can crap in a bag, label it MADE IN FRANCE and market it as fancy French manure and then create a web site all about it and I'm sure no one would question it. And where is that second container Gold? The MRIB shipment from December 2014? Doesn't appear on any inventory records. Just another $200K out the door and off to Armenia and a ghost company off the radar of the IRS. And since folks are listing these web sites as proof of anything real can anyone explain why Wine Plant and half their partners are listed as being generated in only the past year and a number of them from Glendale, CA? Seems odd for a company doing business with almost all Armenian partners other than MRIB let alone a company that has been in business 47 years with 172 employees in a village of perhaps 100 women, children and old folks.
MRIB has perpetuated a massive fraud. Pretty simple.
There is no plant. All a MRIB hoax just like Brazil. Margrit could have put this all to sleep long ago with some basic proof but she didn't. Just created a new fake web site and some more fake companies. I'm sure if you talked to SaverGlass they wouldn't know MRIB from Adam's house cat. The rest of the partners they list are all ghost companies. And why is the web site hosted in the US and owned by someone in Glendale, CA?
The Wine Plant of Eraskh does not exist. Just a shell company Margrit send money to which finds its way back to Glendale, CA. Not a single item of proof that it exists and I had a person actually go there and no one has ever heard of it yet they employ 170 people and have been in business since 1967. They don't even have water there.
The only ones foolish are those who believe the MRIB fraud. There is no company. No Wine Plant. Nothing. Just a stock scam. Sales are non-existent and the company has been dark for over a year. The books are cooked and the lies have run rampant. Who looks the fool? Promoters have been saying great things coming for over a year yet MRIB is now at $.0001 and worthless. Lies about new distributors and sales have been the only product MRIB has ever put out. Brazil? Where's my $10K?
Just another phony Internet listing. Easy stuff for MRIB because do stupid people read them on the Internet and assume them to be real. Wine Plant web site was created and hosted in Glendale, CA. Big surprise there, eh? Why is it that a resource as significant as what MRIB makes Wine Plant out to be has no history? No presence? No other clients than MRIB? Not a single picture of the supposed plant? A claim that they plant opened in 1967 is also interesting because the village didn't have water or electricity until 1991. MRIB is clearly a criminal enterprise involved in serious fraud and foreign money laundering.
I posted pics of about all that could be found in Eraskh. There is no winery. There probably aren't even 100 people there let alone a distillery that's been in business for 47 years with 170 plus employees. All a sham cooked up by MRIB to send money overseas. Perfectly hidden and laundered. My dad turned 77 last month but he still gets around and if there had been a winery he would have found it. There is absolutely nothing in that village. Wine Plant of Eraskh is a total hoax. Just a fictional entity made up by Margrit and company to launder money. The price MRIB claims as cost is easily 5X more than contract distilling from Yerevan which is probably where the Marani vodka is made. For every $50 in vodka MRIB produces, MRIB is probably collecting $40 in slush which goes directly in their pocket. Explains the ridiculous over orders.
$.0002 seems to be the new black... Matter of time now before everyone realizes this company is out of business. Probably buying back the garbage themselves at nothing getting ready for the R/S and MRIB 3.0 or the sale of the empty shell and a new "revolutionary" product and a new pack of lies. Just more inflated prices for insiders. No play here for the common holder. They will R/S and within hours the insiders will have driven it right back to $.0001 with commons wiped out just as they did in MRIB 1.0.
Let's see. Almost 13 billion MRIB shares potentially. Based on the $25,000 in actual sales in the last year, that should be good for $.000002 per share (before expenses). Looks like $.0001 is a highly inflated price going forward. Is the really any other option than a reverse split?
Looking at the most recent financials, the loans and convertibles are far greater than I originally thought. Current secured and convertible notes stood at $1,158,000. At the current PPS, not including interest, MRIB would have to issue an additional 11.5 billion new shares to meet their commitments. This also does not include any amounts due to Bodie. MRIB, looking good?
Well, it doesn't appear MRIB has a liquor license in Nevada so a grace period would be of little help.
Yup, those MRIB $.0004s from last week are looking good! Good things coming! MRIB to da moon!
He found no distillery or winery in Eraskh. Got himself invited to lunch by a village family though. I posted the pictures earlier in the week and his email.
Didn't take long for MRIB to end up back on the OTC Markets limited information STOP list. "Dark or defunct". Pretty clearly both with MRIB. Hey, that new CFO/COO is doing a bang up job. Looks to have hit the ground running just where Margrit left off.
Who could actually believe in MRIB? They went out of business over a year ago. Closed the doors, let everyone go, shut down the web site, stopped communicating... There aren't even any more delusional MRIB investors. Just those who've accepted their losses and those trying to do what they can, in mostly dishonest and misleading fashion, to spin MRIB positive to try and salvage what they can on what they know is a dead shell of a company with no future. I'd bet that even some of the toxic money taken in by Margrit is taking it in the chops as it becomes more and more difficult to move. It won't be long before what ever is left of those convertible shares she managed to sell will hit the market at just the discount to cash in the original deal. I'm sure though that those who got in late cut ridiculous deals. $.10 on the dollar and such. They will dump the stock soon enough at whatever they can get if it won't dump at $.0002. The MMs will pick it up and retail it for the next couple of years.
A little time to regroup? LOL. What exactly has she been doing since October of 2014? We haven't really heard a word from MRIB or Margrit since then other than three CFO changes and three late, cooked and unaudited financial reports. Does anyone really believe MRIB is still operating? With no business license and their liquor licenses unlikely to be in force as a result? MRIB doesn't even have a web site. It's not under construction. It's shut down. There was probably too much incriminating material and content on the site and Margrit couldn't get it fixed and/or couldn't pay for it. Maybe she just said, why bother?
The only thing she's done is create some phony free job postings and continued leaks through her minions of her cheap, second rate and totally ineffectual hip hop events. Just lame attempts to create the illusion that MRIB is actually still alive and operating which they clearly are not. It wouldn't surprise me if she is trying to transact business (shares, loans and such, not vodka) through Marani Spirits in CA but FTB won't let that continue too long. It appears that FTB already has emptied those bank accounts hence zero balances and overdrafts.
And take a look at all the loans and renegotiated terms over the past two or three years. There's close to $100K just in interest every month. There all in full effect, have not been paid down and just keep getting expanded to cover principal with a now devastated PPS. If MRIB were to make good on all their loans, liabilities and debt they'd have to issue over 15 billion more shares! That's just a fact and simple math. MRIB is toast any way you cut it.
But wait. Sales going great in the Southeast. Reps in Florida, Georgia, South Carolina doing great! Costco expansion. Ads running! Brazil!
What a bunch of nonsense. MRIB has no reps, no sales, no ads or marketing, no offices, no employees and no business license. Just a dead empty shell with $3 million in debt and maxed out on available shares.
6) Describe the Issuer’s Business, Products and Services
A. Description of the issuer’s business operations:
This turd just won't flush. So what of all the claims of MRIB Southeast sales? The distributors in Florida and Georgia? Looks like it was all just fabrication. How is it MRIB would be able to sell while in default and suspended in both Nevada and California? It would appear MRIB has no legal standing. But if they are out of business as it would appear I guess it doesn't really matter.
So here's the response I got after a visit to Eraskh Village. Really expected nothing more or less. It's very clear that MRIB is involved in some shady stuff. For there to be no evidence of a wine plant or distillery that supposedly employs 170 people and has capacity of 20,000 cases a month? You make the call...
Matthew. We visited your village. Not much there and quite desolate. Odd that there were almost no men in the village, mostly women and children, but through some rough Russian translation we believe most have left for jobs in the city. Didn't find anything you'd call a distillery or winery, there's really nothing there at all as far as business and no one there seemed to know of anything of the sort and the name you gave me, Marani, didn't elicit any response, but a number of the villagers produce what the locals call Oghi. Basically home made vodka from whatever fruit or vegetables are available. Not sure what we tried but I think it was Mulberry. It wasn't very good and harsh. Acquired taste I guess.
Not sure if that was what you were looking for. Sorry I couldn't find anything else but we ended up staying for a while and had a wonderful afternoon. While i was poking around the village Dominique, as usual despite language barriers, made some new friends and got us a lunch invitation! A couple pictures included of our warm hosts and the kitchen fr which we had a delicious veg.meal
We are going back west tomorrow, in fact to an area which is a popular ski resort in the winter and plan to be in Turkey next week. Also, I saw you tried to call. Sat phone has been difficult so email is best as we have wifi at the hotels. I did see your press release from Atlanta by the way. Congratulations! And if you get a chance, can you please call Dafney to see if she needs anything. Her mother is there but we know how that usually goes. We will be back in Raleigh at the end of the month.
Love Dad and Dominique
Sent from my iPhone
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I'm sure most of it is still there.
How do you post a picture? I have a couple of photos for the village of Eraskh but can't figure out how to post them.
Just think. Someone is probably doubling their money and then some on MRIB. Shares at $.0001 and discounted for cash at 70% on top of that? Probably tripled their money. The market cap is just about to drop below $100K based on how many more shares they have and/or will issue to cover their convertibles.
Margrit is absolutely shameless. What the hell did she spend $75,000 on in the last reported quarter as to SGA? She hasn't spent a dime on anything related to product. She has no rent, no salaries to pay, no marketing, advertising or paid promotions. No taxes. Lack of financials indicates no professional services. Had to be cash she simply put in her pocket and the rest, up to the total of $300K went to pay interest to all her shell companies and cronies that continue to suck the life out of what is already an empty publicly traded shell company that is obviously a lark of an operation.
To say that MRIB revenues have increased one would have to explain why total sales come to roughly $90K on inventory that has only been reduced by $25K. And further explanation would be required as to why A/R stands at a static $85K on $90K in sales over the past 12 months. The sales not only appear to be uncolllectable but fabrications and exaggerations. And keep in mind that I'm not even taking into account all the vodka Margrit has got away for her silly events as it relates to inventory. It's probably more than MRIB has actually sold!
Very true Veronica. But these events are essentially free and require nothing more from Margrit and MRIB to put up a case or two of Marani and in the process creates the illusion that MRIB is still operating while it's clearly evident there is no on going sales or operations. And remember, MRIB is still in default in Nevada and under an FTB suspension in California and both situations have yet to be remedied in what has now been quite a few months. As I've said before, as I read it, MRIB must be in good standing with the states in order for their liquor license to remain in effect and it should also be noted that any distributor and/or retailer that purchases from an unlicensed seller is subject to closure and heavy fines. So I really don't see how MRIB could even sell legally unless I missed something in the statute.
MRIB revenues seem to have increased but they don't appear to be real sales as the numbers don't jibe with inventory and all of those supposed sales were simply added to the A/R. So they were either full recourse sales or contingency sales that haven't actually sold through or just outright fabrications and/or parked product. Actually, the current uncollected A/R accounts for almost 90% of total MRIB sales over the past 12 months. So are the MRIB clients as much as 12 months in arrears or are the sales bogus? With Margrit's track record I'd think the latter.
A/S is 1.7 billion. Current O/S is roughly 1.3 billion but MRIB is required to keep at least 500 million shares in reserve as security on a legal settlement so MRIB A/S is actually more than maxed out right now. As for product and sales there are no known distributors and only a handful of retailers all located in Southern California. Looking at the latest financials it would appear that real sales of product was roughly $25,000 over the last 18 months and their annual report which was due last week is currently late with no extension filed. We actually haven't heard anything from MRIB in over a year other than a couple of very late financial reports. MRIB has been pretty much dark since October of 2014 and as you can see the stock has gone from $.05 all the way to $.0002 in a mere 18 month span. At this point MRIB has pretty much been confirmed as a P&D scam.
I have little doubt that the Marani vodka is made in Armenia. My contention has always been that the whole back story of Wine Plant of Eraskh is fictional. Just a front company to funnel funds to for unnecessary inventory at a huge premium. MRIB has been over buying product for years. MRIB purchased over 4000 cases back in 2010 when they were out of business and unlicensed. How do you explain that? Hundreds of thousands of dollars went to purchase Marani inventory yet MRIB has virtually no sales.
As far as my father's reasons for going to Armenia I haven't the slightest idea why anyone would even want to go there. In the spring it was Vietnam and Cambodia. A few years ago I was horrified that he was off to Syria and Lebanon. Luckily the State department nixed that tour group. He's constantly traveling and other than the occasional emails and/or post cards I rarely know where he and his wife are off to but it's usually some place out of the ordinary. I get emails with him riding elephants, camels, mules, etc. Last time I even saw him was on a layover in San Francisco three years ago on his way to Indonesia. But I assure you he is in Yerevan and will seek out the Wine Plant of Eraskh and confirm whether it exists or not. We will know soon enough. Considering Wine Plant claims to have 170 employees and a distillery capacity of 20,000 cases a month in a village with a total population of less than 700, it should be quite easy to confirm its existence. Wouldn't you agree?
There are two Wine Plants? And how would you know that? Just introducing potential argument? If MRIB has any operation whatsoever in Eraskh village my father will find it. I doubt there's anything there but given the time difference he should be there now. We will find out soon.