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There are no shorts. Can't be done with MRIB at the current PPS. Matter of fact MRIB is about $3.00 per share away from any possibility of having shorts.
The things I've said cannot be known? Perhaps not as empirical fact but certainly within a window of logical assumption and estimates. It's the wildly optimistic and totally unsupported claims that there are big orders and growing sales that cannot be known nor even remotely backed up. The basis for those claims is so illogical as to discount them in their entirety.
What is known about MRIB? Well, we can track inventory at the majority of their remaining locations and sales are almost non-existent. That's a fact. We know RIB has no employees left so most likely no one actively selling and most certainly no account management. We know they have little if any cash. We know they don't market or advertise. We know MRIB lost half of their Costco locations. How one determines that things are positive and sales are good and growing is quite a stretch.
It seems one would have us believe that less sales people sell more product. Less retail locations results in more sales. Without advertising or marketing sales will increase. Loss of shelf space and presence will result in greater sales. Spending less money and investing nothing in product sales will result in more sales. A company with no operating capital will grow and prosper. Having less stores will result in larger orders. It is all absurdly illogical. Everyone of those items points to contraction and loss of sales not growth and "good results" and sales.
Wow. So if the numbers aren't to their liking MRIB just doesn't disclose them? That's the most unacceptable non-transparent and deceptive practice I've heard yet with respect to reporting. And nothing to report? Only good news gets reported? Status of the company is not important to MRIB investors? That's absolutely absurd.
And what is considered good results? How would anyone know numbers improved since the horrible Q4 numbers given no news of any progress, expansion, sales, no Brazil, etc., plus the loss of half their Costco locations. What could support any "good numbers" when all the news, or lack thereof, and evidence points to what is most likely as abysmal a quarter for Q1 as for Q4 if not worse. Where would any sales come from or is it just the fact that MRIB let go of all the employees, shut the deal down stopped paying bills and burned through less cash? Is reduced comparative loss for a quarter a "pleasant" or good result? LOL.
How is it very clear to everybody that Costco ordered more for 4/5 stores let alone a big order? It doesn't make sense. Costco shuts down half the stores because Marani is not selling and then orders more for the remaining stores? Why in the world would they do that? How is it one could assume Marani sells at a better rate at any of the given remaining locations versus those eliminated? What's so different? I'm sure it's about the same at each location. The only thing clear to me is that Costco had too many locations in too small an area and consolidated Marani to free up valuable shelf space for better selling product in the stores eliminated.
And a big order? How big could any order be with only 4/5 stores? MRIB sold less than $19,000 gross in six months with 14 locations. What's four or five locations other than a contraction and decrease in sales? It's not like anything has changed. MRIB isn't marketing or advertising. No co-op programs. Most likely no account management whatsoever. Again a situation where nothing has changed but better results are expected. It's just not logical to expect such.
It's no different than Brazil. If MRIB cant sell $20K of vodka in the U.S. how is it they're going to sell $100 million in Brazil? It's such a ridiculous and unsupportable premise because it's an identical situation. No cash, no employees, no marketing or advertising, etc. I have yet to hear any response to this and how anyone expects MRIB to sell anywhere let alone in a foreign country.
New Marani shipment to Costco? What evidence is that based on? The only evidence of Costco activity of late has been the elimination of stores carrying Marani by more than half. Doesn't make sense that they would have ordered more. I could believe Costco might have moved some stock around consolidating inventory from what was leftover in the stores eliminated to those remaining.
As far as MRIB being in business it's not very clear they are. No one has any idea of what's been going on for two quarters now There is no news, no employees and still no financials. Just darkness and silence. You'd think Margrit would at least get some form of message out as to the reason the financials are not forthcoming or at least when we might expect them should they actually ever plan to report again.
Margrit got $1 million in stock. She owes at least a quarter million dollars on that. Did she pay it? We will see.
We will let the IRS decide. I just filed the claim. I get 30% of any collection.
Just an $800 ATM hit from Margrit. She's selling off everyday... illegally. She really should be in jail. not an opinion. Just fact. Come sue me Margrit. I've got you dead to rights. You paid no taxes on your October give back on salary. I've filed a complaint with the IRS. Be very, very afraid. I doubt you paid taxes on it.
Good one Water. Like I said last week you need the MRIB special dictionary for some terms like soon, pleasant, exciting, consummated, shipped, profitable, contract, advertising, etc.
I doubt that. There's nothing left. No liquidity. Those holding are just waiting for the end of the year and/or pipe dreaming. Think about it. There's only half a million dollars worth of market value left across the total shareholder base. Everyone holding is ridiculously under water. There's no money to be made because MRIB is going nowhere. Still seems to be no evidence that they're even in business anymore. We're 30 days away from their next reporting deadline at which point MRIB will be two full quarters behind and a month and a half into a third quarter.
On a side note, I also called the accounting company and spoke with one of the partners as Kevin Hartley was not in. He was very cooperative and cordial but said he had never heard of MRIB. I find it hard to believe that in such a small firm he wasn't aware of taking on a public company as a new client. Maybe it's nothing but it seems strange.
Yup, that bid is really moving and the BIG VOLUME is staggering.
I'm wondering who buys stock in a company that is out of business? It's quite obvious MRIB has shut down. Why anyone would even take a shot at it amazes me.
Another end of day MRIB paint. $10 gets a 40% increase.
The doors at MRIB are closed and the lights are off. No employees, no sales, no financials, no activity, no news. Show us proof otherwise.
No re-orders in the Costco inventory system. No shipments to Brazil. "Soon" is now over three months. Time to face facts. There is no Brazil. MRIB couldn't sell in the US and they will never sell in Brazil.
In accordance with SEC rules in section 17(B) I hereby confirm that I have in no way been compensated at any time nor contracted to do so, past, present or future for posting commentary regarding MRIB.
Yes. That's what MRIB said in September of 2013. Again in December 2013. Again in March, June, September and October 2014. And one last final hype in January 2015 saying SA would ship "soon". As we approach June I think it's time to ask when is "soon"?
We've been hearing this ridiculous MRIB Brazil fairy tale for as long as the company has been carrying out the MRIB 2.0 charade. It's never happening. There was never any deal just a story to spin to get the stock price up. Credibility is now zero. And please do tell, how is selling in Brazil any different than selling in the US which MRIB has shown absolutely no success in doing? Brazil is a total ruse.
And if there is no verifiable information on Brazil other than MRIB fluff PR, as there hasn't been for years? What then?
Sorry buddy. Just bait. I already know Eraskh doesn't exist. Just a fact. Money sent to a fictional entity and shipped back to the US under IRS radar to Margrit. Why order product not needed? US demand? Give me a break. It was just cash being laundered. My buddies went there. Nothing but a couple of huts and a broken down gas station. Eraskh is a ruse.
Trap? Yes, without a doubt. And they're spending less and less everyday to facilitate it. Yesterday was a splurge. This is transparent as it comes and obvious insider activity. Whether they're matching or not I don't know but it looks like it. It is illegal but given MRIB is so thinly traded and with so little interest you could probably pull it off without the matched trades. They're just waiting for someone to bite on a couple million shares at $.0005-$.0006. Still a huge profit percentage wise.
You are correct Veronica. It is not possible to sit at limited information for six months. Once MRIB is flagged as limited information they are already three months and 45 days late. The longest they could sit at limited information without filing would be one and a half months.
The point is moot really. Fact is MRIB is now a no information company and will most likely remain as such because I doubt they will ever publish any results again, ever. The company has obviously been shut down for quite some time.
Actually that is untrue. MRIB can make their filing but it won't allow them to sit at limited information for six months. If and when they file it will remove all warnings on the stock for a month until their next filing is due at which point if the next financials are not reported MRIB will be labeled with the YIELD or limited information warning. They will then have 45 days to get the new results posted at which point MRIB will be labeled no information being six months with no information.
No big deal? It drops off as soon as they file? Well, they have to file and I don't think you're going to see that ever again. Two months late with no sales, employees or cash. And my ticker shows it closed at $.0005.
Where did MRIB close? Was it $.0005 or $.0007?
You might get $.0004 now with dumpers trying to save PPS but wait for end of year tax loss and you're looking at $.0001. The company is no more.
Veronica got it. The company is dark and dormant. It's all over folks.
MRIB is shut down. Period.
What information is there that would indicate the company is doing very good? No news on Brazil? Stagnant PPS? The loss of Costco? Abysmal sales at Total Wine? No employees left? No communication from MRIB? Almost a billion shares issued since the "re-launch" and massive dilution? Close to $3 million in debt? No sales or revenue? A bank account with a negative value? A non-reporting unaudited company two months late with their financials?
I'm trying but it is increasingly difficult to put any credibility behind ambiguous references to how well the company is doing or that good things are coming. Especially when it's been repeated over and over again the last six months since MRIB went dark with zero results. And why don't we have those financials. Easiest of all for MRIB to do. Why? Because, imo, Margrit shut this bugger down in October. There's no one to do the financials and I don't think she wants to bother as long as she can keep moving stock. Moving vodka is now a total afterthought.
Don't think so Gold. Looks to me like a little manipulation going on to try and get some MRIB interest which had dropped to practically zero and prop the PPS for selling. Folks see it at $.0008 put in an order at $.0006 thinking it will be a deal and then bam, they're trapped and someone can offload another 5 million shares.
Just matching trades to create speculation that something is up. The cost is minimal for them and at the end they can get it all back by dumping at even lower prices and still get a profit or at least cover the spread cost.
Be careful here folks. Buying MRIB on a dip might look attractive when seeing those trades at 60% premium during the day but if those are matched trades you could very easily get caught in a liquidity crunch and holding shares you can't get rid of. I know it's illegal but all the tell tale signs are there and there's no way to protect yourself. A couple of FOK trades, a dump and before you know it you're back stuck at $.0005 with nowhere to go holding the bag.
Yes and it sure looks like a lot of it is a couple of matched trades. The dumpers had to do something. The stock went stagnant and were having trouble getting any takers even at $.0005. Should be back there with no interest shortly. Getting tougher to fool folks with the same trick but still seems to be moderately effective.
Again, who cares? Are both efforts and arrangements using the existing common MRIB agreement changed as it relates to the common goal? Tomato, tamato. It's like saying a lease and a rental are two totally different things when the net result cost is identical. Details are different. Legal is different but end of the day they're the same financially.
Ok, I misunderstood. As I said it would most likely significantly devalue any deal for MRIB. And I agree that a partner would be more dedicated than a straight distributor but it usually comes with a high cost. We have numerous joint ventures and we need them because the partner provides something we can't. But if MRIB already had a consummated contract that was claimed to be paid up front with the letter of credit bs story, why change it and give away, who knows, half the deal? Point is the original agreement was bs. The new agreement is bs. Why do you think Margrit went through the FINRA charade. Because she had done it befor and this time she needed something that would give the appearance of credibility. But again, mor MRIB bs.
How is a joint venture more profitable in this case? I can't see it. Just have to give more away versus a contract for sale. Not only that but a joint venture would require MRIB to put up something for equity. They've got no money. Why not just sell them product? I'll tell you why, because there's never been any deal and it's all a ruse and MRIB needs to keep it going because it's all they got. It was just to keep up appearances of progress. Look where it stands now... Zip.
The point is you are taking it so literally and providing a rationalization and excuse for MRIB based on format of the arrangement.. A $100 million deal is a $100 million deal, no? Who cares how it comes about or what it's called as long as the goal and result is the same. Either way it's zero on those results so I guess it is a moot point. And while we're at it how does it being a joint venture change things given assignment of the existing agreement other than possibly devaluing the deal? What's the significance as it relates to the $100 million?
It will go right back down. Just some shares going from one pocket to another in the same pair of pants to get some interest going. Someone trading for appearance and propping. Make folks think something is up. The $.0005s weren't even selling anymore. They look a lot more attractive now, don't they? Don't be fooled.
Yes, what's the difference between a distributor contract and a joint venture with a distributor promising the exact same thing? The form of the MRIB agreement is meaningless. The results promised and delivered are all that matters and to date there hasn't bee even a hint of a joint venture just like there was no evidence of a distributor contract. Both inferred the same deal and referenced the latter, the existing agreement directly... $100 million in revenues any way you cut it. Both failed. Call the arrangement whatever you want but in the end all that's left to consider is shipped and sold. I ca't understand why folks are making excuses for the miserable MRIB Brazil failure.
Like I said, what's the difference? It's still the "Brazil deal". Semantics aside, it refers to the original agreement and guess what, it's still undelivered. And let me ask this. If the previous deal was "consummated" as Margrit claimed why would there be a new agreement?
Bottom line is anyway MRIB terms it they are still hyping a Brazil deal worth millions and have still done nothing. The format of the agreement is meaningless. Margrit promised millions in Brazil sales. Whether through joint venture, straight sales, subsidiary, etc. doesn't matter. Just another excuse for another MRIB fail.