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There is nothing "stewing". Just look at the trades. Small high premium chump change trade to set a higher price shortly followed by a slightly below market relatively high volume trade. It's so transparent. It's just simple bait and switch. They've been very effective at unloading at no less than previous close to avoid down volume and give the impression of more up volume than down. Oldest trick in the book and people flock to it not realizing what's going on and claiming things are stewing, etc. It's all BS.
It's just a setup to sell and try and maintain some PPS until the dump can happen. It's just happening in smaller chunks now which is the only way it can be done without tanking it entirely. They just need time. Delay those fins as long as possible...
$.0004... totally overvalued. Not worth more than $.0001 per share.
Looks like Bodie metering out a couple million shares at a time. Why not? it's all gravy. He already got paid in full along with a huge profit. Why dump it all at once and kill the PPS when you can retail it out for twice the price with no capital risk? Suckers will buy it. 10-20 three million shares trades over 10 or 20 days and it's a huge profit.
I sure would like to get hundreds of millions of shares and $5000 a month, a car, insurance and an expense account to do whatever it is she does. Nothing. I strongly doubt she even works other than making arrangements for more cash through convertibles. I'd do that all day long for one day a week of actual work, if that. Throw in a couple of paid vacations to Brazil and Miami every year? No brainer. All I have to do is tell a couple of people how hard I'm working and how failure is not an option and throw in a story about making wine with Granny back in the old country. No problem. I've got three hours of week to get that job done.
The dividend was a charade. MRIB shareholders didn't make squat. Just got pumped. Who do you think got the lion's share of that dividend? What penny stock making NO REVENUE pays a dividend! What was the basis or logic behind it? We all know it was just a deceptive move that made insiders a HUGE bonus. Do you think they excluded themselves from the dividend? Margrit and family probably had well over 200 million shares at he time. They walked away with $300K given the stock price at the time. It was a dog and pony show. Just bait and another carrot in front of the horse.
Gold, if there is to be no reverse split here how do you propose MRIB deals with the fact that they are maxed out on their A/S in reference to continued funding given no other sources of revenue? We all know they are probably way more than maxed out already given the convertibles covering August-February capital needs that have yet to come to maturity.
And given the current PPS and what has been reported for quarterly expenses in the past there's pretty solid evidence that MRIB might need to issue an additional 2 billion more shares to cover convertibles for that period. In other word what if fully diluted MRIB was already at 3 or 4 billion? That's why the evidence is pointing very heavily to a reverse split. You are only looking at the current A/S and O/S and incorrectly making the assumption that is not going to change or increase. You're not considering the fully diluted value for periods we already have financial results for and can calculate they SS needs. Actually there's you definitive proof. We know the expenses for the last reported quarter and we know the revenues. The difference was covered with convertible debts not yet matured so we know for a FACT that the at least the current O/S is not accurate fully diluted.
You just answered my question and made my point emphatically. The car is gone.
And in this case it's new MRIB stock out into the open market with the same dilutive effect no matter how it happened or where it came from. Our frind GMan gets diluted another 100 million shares along with all MRIB investors. Do you think he or any others give a shit how it happened or where the dilution came from? All they care about is the loss in PPS due to the event.
Yes. Ostensibly they are the same thing in that the result is identical.
Would you argue that the result and effect are the same? If MRIB sells 100 million shares directly into the market versus some MRIB convertible holder selling 100 million shares into the market is there a different result or effcect? It really doesn't matter where the shares come from. The end result is 1 million new shares and the associated dilution and ultimately the need to cover all converibles within A/S which is the basis of discussion about the reverse split for MRIB as an option.
Perhaps I'm missing something. Maybe you can clarify how 100 million new shares coming into the market has a different effect depending on where they came from and how? 100 million new shares is a hundred million new shares in my book and I would think everyone else's other than yours for some yet to be determined reason. Just trying to get clarification.
Yes. Semantics. You're attempting to negate the whole point because of the word "selling" as in directly selling shares into the market. Fine. Wrong word. Point is MRIB is flooding the market with shares and to tell you the truth considering the fact that MRIB is in fact receiving cash for those convertibles and they do in fact end up on the market they are de facto selling their stock into the market through convertible shareholders. MRIB pockets cash, issues shares for that cash and they end up as free trading shares out in the open market. Saying they are not directly selling them is yes, just semantics. If you sell MRIB stock today do say you sold directly into the market or do you say that you didn't sell, your brokerage house did? It's so silly.
If you can explain how MRIB is not and has not flooded the market with shares in a case of massive dilution that now requires SS action to correct please do explain.
Yes. $150 in trading moves the stock 50% just goes to show how thin it is. And who pays a 50% premium. More than that when you add in trade costs. Talk about a paint. Just a flipper trying to create some momentum or one of the upcoming convertible holders prepping for a big dump. Maybe MRIB themselves. Who knows but it's a bogus trade with shares readily available at less every day for the last two months.
Your response to the topic is self explanatory? How's that? You're trying to tell us that MRIB has not flooded the market with shares which is patently untrue. If all you're doing is playing semantics in defense of MRIBs actions at least let it be known so everyone knows that's all it is and the truth is that MRIB has in fact and continues to flood the market with shares through convertible debt. It's like insisting MRIB does not and has not spent any cash on expenses because they actually wrote checks. LOL.
What in the world are you talking about? Are you denying the MRIB convertibles exist based on regulations for free market trading? If the word selling is what's bothering you I'll just change it to flooding the market with shares. The bottom line is MRIB has been flooding the market with shares for over a year in order to cover their debt commitments to the tune of two billion shares and continue to do so at an alarming rate. This is the topic of the discussion because it has created a serious stock structure problem. The question is what is MRIB going to do about it? Reverse split has been suggested as well as increasing A/S. Both would have devastating effects and it comes down to choosing the lesser of two evils unless someone has a better idea or solution. Just saying there's no problem and it won't happen is simple denial. The money from the convertibles is already spent. All that's left is delivering shares.
Again, putting words in my mouth. I never said I wanted a reverse split. It's not good for anyone including MRIB other than possibly a last ditch effort to keep the lights on. Honestly I don't care. What I said was looking at the facts and current situation I don't see that there are a lot of options for MRIB other than the reverse split.
When has MRIB sold shares into the market? Have you lost it man? What's happened in the last year and a half? Selling shares into the market is the only thing MRIB has done, non stop. Most likely close to two billion shares fully diluted. If you're suggesting they haven't done it directly that's just a silly rationalization and excuse for MRIB actions. The convertible debt is for all intents and purposes no different than selling shares into the market. It has the same dilutive effect on SS and PPS.
That said, MRIB is still reliant on convertible debt and new share issues to keep the doors open. If they were to simply add A/S they'd have a hell of a time making market on a stock at a value of $.0001 or less with billions of shares outstanding. The psychological effect on investors alone is significant. It would be hyperinflation like the Weimar Republic. You'd need a wheelbarrow to carry certificates around. Heck, there's quite a few brokerage houses including all three I use that won't even let you trade more than a million shares per trade. A $10,000 MRIB trade would have to be done in 100 legs at a cost of $1,800 just for the transactions! Down almost 20% the second the trade is done. That's unworkable in so many ways.
Is not irony something happening in the opposite way of what is expected? A reverse split for MRIB was touted as something that would never happen, still is. Everyone said MRIB is a totally different company and the results would be incredible! And look what's happened. A carbon copy of 2008. The actual irony and wryly amusing factor is MRIB longs and promoters defying Einstein's definition of insanity based on absolute blind optimism and wishful thinking.
I think they will reverse split instead of increase A/S because it gives them much more space to operate. Increasing A/S and O/S will end up with a PPS that would be very hard to work with. The spreads would be razor thin and there would be great difficulty in making market for the stock. Getting down so close to par value gives MRIB no working room. There are a lot of other factors but simply increasing the A/S brings only negative effects. The only factor NOT totally negative is that it is not a reverse split.
Other than not being amusing for most I think a reverse split coming on the 31st is the definition of ironic. MRIB version 2.0 was supposed to be so totally different and the results to be opposite of MRIB the first time around yet the results in version 2.0 are identical to the promoters' forecasts and identical to what happened the first time in a total repeat of history. That's irony to me.
Wouldn't it be ironic if the reverse split came on March 31? Exactly seven years after the first time MRIB did it. Looks like it could be pretty close.
As we cannot say absolutely that MRIB plans a reverse split, it certainly cannot be claimed there are no plans for such either. No one knows. We do know they did it in the past and they seem to be following that 2009-2010 playbook to the tee. Regardless, for all we know the reverse merger papers are being written up as we speak.
The issue is not the reverse split possibility per se, it is addressing the stock problem and MRIB has a big one that will require action. Just a fact. What that action will be is the unknown and many are speculating it will be a reverse split. They do have to be planning something to correct the problem. They can't just ignore it. And any MRIB investors who don't believe action is required are in serious denial of the facts. That said there are really only two options barring a private investor and having no credit.
As stated, the reverse split or increasing A/S in order to issue more shares to cover the August-February convertibles. The reverse split looks to be the lesser of two evils at least short term but if you think increasing A/S is what's going to happen then so be it. The question is, what is MRIB going to do about the SS problem? Hwich way will they go? All I hear is "no reverse split!" Well, that's fine but what will they do in the alternative to correct the SS problem?
Guess Margrit and MRIB don't care too much about being flagged by OTC for non-reporting and limited information... Just more shareholder abuse and disregard. Probably to busy preparing the reverse split to get the financials done.
And just to add. The problem with arguing a reverse split is not coming really has little to no support. It all involves a large number of long shots to happen that are questionable to start with. Revenues are coming isn't supportable. Brazil is not supportable. Costco expansion is not supportable. New products is not supportable. These are all pipe dreams and wishful thinking at best. Unfortunately for MRIB the proof you are looking for all lies in the argument for a reverse split.
Post facts as to a reverse split coming? It sure looks like it. Fact is they have cover convertible debt that paid expenses for all of the past six months as their only source of revenue. That easily maxes out A/S as we stand today and then some. Just a fact. That said, they could increase the A/S to cover but that would have a devastating effect diminishing the PPS even more making the market for the stock even thinner and there's a whole slew of problems with a stock PPS share price so low. MRIB would also have a lot of trouble marketing those convertibles with drastically diminished spreads. And there's another fact. MRIB will require more convertibles to stay afloat. There are no revenues to speak of. Again, just a fact.
No. I think all the facts point to the only choice MRIB has which just as in 2009-2010 was the old reverse split. There really are no other palletteable or working solutions.
Accumulation? $50 at a time? Really? There is nothing that points to any type of accumulation. Just wishful thinking. Only evidence I see of anything is probably future dumpers preserving a market with chump change trades supporting the price best they can before their next big dump.
I don't get that... Who is in control? Are you saying Margrit is no longer CEO and chairman?
$.0001? You'll get it. Be patient.
Is this more of the "accumulation theory" going on? What nonsense.
This is a battle of $50 flippers until the next wave of dilution comes through. Charts right now on MRIB are about as meaningful as a bicycle is to a fish. MRIB is the $1 black jack table at the Indian casino with a free lunch buffet.
The dilution hammer is coming and those "good things coming" will never happen. Just someone inside of MRIB or one of the TF's trying to keep the faith in a dead company going so the stock remains marketable.
Why not mention some of these "great things coming"? Brazil, NY, FL? Heard that for over a year. Not going to get any credibility there. Better be something more than that like a new VP Sales or an actual real ad campaign. How about Margrit shows us the actual contract with the supposed Brazil distributor? How about a name for God's sake? It's all BS.
Yup. The end of $.000 is coming, for sure. MRIB will soon be working on .0000's!
We've been hearing about great things coming for so many months now and nothing EVER happens. At least not great things let alone even good things. Brazil is a bust. NY is a bust. FL is a total fabrication. MRIB is still at roughly two dozen retail locations only in Southern California. Anybody says otherwise, they're full of it because it just ain't true.
Anyone still invested in MRIB has only Margrit and her, ahem, skills and talents as CEO to make anything happen. Seeing she has fourteen consecutive years of miserable failure I don't think I'd have a whole lot of confidence that Margrit, by herself, with no cash and no staff is going to impress any MRIB shareholders.
For all intents and purposes, MRIB is dead. Nothing has happened since early October when Dan Senters left and nothing more will happen given the current situation. Financials are late for a reason. Margrit doesn't want to show that nothing has happened in the last five months, just like 2009.
MRIB flagged by OTC this morning with limited information warning for failure to file financials.
OTC Pink Limited Information Logo
Limited Information
Designed for companies with financial reporting problems, economic distress, or in bankruptcy to make the limited information they have publicly available. The Limited Information category also includes companies that may not be troubled, but are unwilling to provide disclosure pursuant to OTC Pink Basic Disclosure Guidelines.
Nice paint there at the end of trading. Do you think we're fools? Keep your $8. As soon as the new 200 million shares come in this thing goes to $.0002. Financials are due tonight or MRIB gets flagged.
$400 in MRIB accumulation... WOW. Definitely someone is accumulating. LOL. These nonsense theories trying to spot trends in trading are funny. Most of them are just made up but the fact remains is that no one wants the stock and it's now down to flippers waiting to see the next wave of dilution and a 50% PPS drop to see if they can turn $400 into $440. MRIB has become a penny slot in Reno.
How could there possibly be any negative surprises? The bar for MRIB is now set so low that short of a bankruptcy filing the company's position has been rationalized to a point that there can be no negative news. Longs are now at a point where they are trying to turn horribly negative information into a positive like the Bodie lawsuit and the entire staff leaving.
Everyone knows the financials are going to be abysmal. We all know Brazil is a ruse. We all know another 200 million shares are coming in a few days. What would a negative surprise be?
Dan Senters left, which 6 months ago would have been devastating the way everyone talked about him. Now he's been rationalized as an excuse for MRIB's woes. Brazil fell through? No problem. Just issue the same press release again and get people convinced for a fifth time that these things take time. Crappy financials? Already programmed in just like back in June. Again, more "these things take time" rationalizations. Revenue will get better... once Brazil comes in. Hilarious.
Yes. And no buys at the ask...
Give it time. Another 100-200 million shares will be in play in short order and most certainly before we get the financial results, if we get them, which are due no later than tonight after close. We all know just how bad they are as do the insiders so I doubt they're going to wait much longer or sit on shares assuming they've already matured. If not, they're not going to be happy as they will have to dump into a much cheaper PPS market.
A run downwards maybe. What do you see as hopeful with MRIB? The imaginary contract with Brazil that's gone announced and undelivered on so many times? The fact that there is no sales force? Perhaps it's the fact that there are no employees left and all tasks and duties now fall entirely on the great talent of Margrit? Or maybe it's the $30K in sales to be reported when Margrit gets a chance.
$10 in trades isn't fooling anyone. Start the countdown for the next big dumparoo.
I'd like to say I've spoken to Margrit but it would be difficult considering the woman can't put together a coherent sentence and is dumber than a bag of hammers. I wouldn't know what to say to her other than "Sit, Margrit want treat"? She's an absolute idiot other than her talent of being a puppet to public stock scamming.
Find the Wine Plant of Eraskh and get back to me. They just got $150K in orders MRIB didn't need. Why? Explain that? Exact same thing happened after the 2009 shutdown. No pattern here? She's paying partners not vendors.
MRIB is the only totally confirmed scam I currently have right now. If you have others to look into I'll be glad to. Bottom line is a fat uneducated residential unemployed real estate broker should not be making money off of us. End of story. She'll be wearing an orange jump suit before long. The Wine Plant scam will be her downfall. Tax evasion and money laundering.
You don't. Others do. So they don't get suckered into MRIB by flippers trying to fool the public.
Informing the public.
Look for a HUGE share dump this coming week. The Friday ruse and tape paint... It's coming. Probably more than 300 million shares. Margrit's August nut needs to be paid for. And just think, all you have to look forward to is another six months of similar dilution. Stock should be worthless in a matter of months if not weeks.