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MRIB has CA only. NY is distribution not open to the public and it appears they have sold nothing just as was the case in the CA Restaurant Depots this past year. We know that Total Wine has sold nothing therefore all sales are dependent on Costco which I'm sure is soon to end if it hasn't already. Investing a single dime in MRIB is a total mistake at this point. Not even poised for a dead cat bounce. Just waiting for the next wave of dilution.
Sorry Spec, you're wrong. Very wrong.
There's always a choice! No R/S is ever required!
Where is it on sale to the public in FL or NY? That's an outright lie. Please prove it.
Sounds like voodoo math to me...
How many of the 23 million MRIB shares were traded at a price above the previous close? Not many. Bid and ask prices is a moving target. Not very good as an indicator of anything. Up volume and down volume certainly is and with MRIB the neutral to down volume heavily outweighs the miniscule up volume most of which is desperate paints.
Yes. For sale in a couple dozen stores only in Southern California. And that's the way it's been for close to a year. No employees, no sales force, no marketing, no advertising and no revenues. Just massive expenses and every month, massive dilution through new stock issues and convertible debt. And just as they did in 2009, they will go dark and dormant.
Lottery ticket is a good description for MRIB. One chance in a billion. Now, if anyone has been buying MRIB for a year, the average cost has got to be above a penny. That amounts to a major loss or a pile of losing lottery tickets.
When MRIB issues out another 600 million shares in the weeks to come it will be disastrous for anyone holding the stock. And wait till those fins come out and there is NO PROGRESS. No employees, no company, no sales, no nothing. Just a 53 year old residential real estate broker alone in an empty office with no experience trying to run an international consumer product company with no money.
There is no impending split or even talk of a split, those predictions are ridiculous
Back to pennies? Really? That would be a neat trick. No employees left. No sales force. No marketing and advertising. No money. No clients. No sales. Margrit is all that's left. Everyone is gone. Does anyone know if the MRIB offices are still open? Is Costco still active? Whose handling the account management and admin? Who in the heck is making sales calls?
Does anyone really believe the uneducated, inarticulate, dumb as a bag of hammers residential real estate broker with no experience in the spirits space, whose painful performances on Money TV we've all seen, is going to deliver anything other than a total train wreck?
Does anyone think the dilution will somehow magically stop and all the convertible debt accumulated over the past six months will suddenly vanish and cease to exist?
How long does anyone think the new MRIB accountant hang around after most likely not getting paid anymore? How many more convertibles can Margrit initiate with the stock price in a death spiral and at what cost?
I've said it before and I'll say it again. Margrit and MRIB have been writing up convertibles faster than it takes the ink to dry and never, NEVER, have they ever offered any of these preferred deals to shareholders as a source of cooperative financing and goodwill. Doesn't that make you wonder where the money ends up? Not in the pockets of MRIB shareholders I assure you. Follow the money and you'll find the source of the scam.
Hmmmm.... Another Friday afternoon and some higher volume overpaying for MRIB shares. Sounds familiar... I'd say we're going to see some massive dilution/dumping next week. Actually they are due for a biggie having not done any new issues in some time now and you know they had a full expense load 6 months ago. I'd look for two waves of up to 250 million shares and that's if we don't see anything related to Bodie or the new container. If those get factored in we're talking another 700 million plus and MRIB will be maxed out before the middle of March and not on paper, for real.
Reverse split on March 30, 2015? Looks like a really good chance of it.
Yes, but a crapload of expenses which probably need to be disguised in some way. Could be a big job! LOL Margrit certainly isn't capable of doing it. I'm sure she also thinks having an accountant gives her some sort of credibility too. Ani was neither an accountant or even a suitable bookkeeper.
What is this buy volume nonsense? Where does that come from? Buy volume is X, sell volume is X. Nothing more nothing less other than a ruse to give the impression of positive sentiment. All BS. MRIB stock is a POS and a scam. They are going nowhere fast.
It's funny. We hear about "big things" happening at MRIB every week if not every day yet nothing ever happens. The only "big" thing happening is the monthly waves of massive dilution and lack of sales and/or progress along with the quarterly bogus PR about Brazil.
There is no Brazil. Never was. Just an untraceable ruse to get interest in the stock. Even if they sent a container there it would be no different than the US. No marketing or advertising equals zero sales. Does anyone even have the slightest idea of what it costs to launch a consumer product let alone doing it in a foreign country? Does anyone really think MRIB was going to sell $110 million worth of vodka on a $1500 marketing budget? The level of denial and wishful thinking is astonishingly naive.
This was and is a scam, run twice for heaven's sake. And some folks are still pushing it like it was something real. MRIB is where good money goes to die. Why are the same people still pushing MRIB in a positive light out on the internet also pushing the OTHER companies domiciled at Suite 201 Red Hill Road, Tustin, CA?
It's a network of companies that since 2013 have been diluting and ripping off shareholders in a number of scam companies. It ain't Margrin running the show either. She's just one of the puppets. She couldn't manage her way out of a paper bag. Dumber than a bag of hammers. This is all being orchestrated by someone else but I assure you Margrit is fully aware of the gameplan after ten years of doing it.
ANOTHER $500 PROFIT!!
Margrit doesn't know the difference between a credit and a debit. She's dumber than a bag of hammers. No education and no experience. She should be cleaning toilets somewhere because that's what her experience and education qualifies her for. Community college credits to get her real estate license is all she's got. And she got $30 million plus from MRIB shareholders. Amazing.
Ani took "Cooked Books For Dummies" with her when she left. Will probably never get any fins.
Facts are one thing. Diplomacy is another. Gold Team, if you think ANY company should ever say anything like that ever to a shareholder you are sadly mistaken. THere are better ways to doing it. MRIB simply doesn't care. They just rob.
I'm wondering how MRIB investors feel having paid Margrit's bills for the last seven years for doing absolutely nothing and looting the company for $10 million.
Disturbing... From a concerned MRIB investor.
I got an interesting private FB message from HQ: not sure who its from there.. not posting it in entirety since its private and I respect that.
However, it did say the following (paraphrased) - I stand behind these
: contact IR group, not us with questions
: it is your own fault and risk you invested in MRIB
: should not have invested your life savings with us
: we are rebuilding
: don't check your account so often
: "have a little faith"
: stay positive and something about positive energy
There was no mention of anything substantial or answers to previous IR questions I asked such as: What happened to Ani / what are your CFO plans? What is the name of your Brazilian partner etc.
Folks, the company is telling us literally its our fault now and don't check your account. That's not leadership and GLTA if you choose to support this.
Not quite the message I want to hear after losing $10,000 more dollars in Feb from MRIB.
Actually, Trump vodka was a major failure.
MRIB can't be shorted. Just a myth.
1.2 billion.
Good money after bad...
Actually, depending on when Bodie sold looking at the stock price history, he made an absolute killing before the thought of a lawsuit even entered his head. The stock he got for the $20K in interest alone plus the 5% dividend which he qualified for probably covered his entire basis. The other 65 million shares were gravy and at the time the shares were above $.01 IIRC.
What's amazing is how stupid Margrit was thinking she could pull off this blatant heist. She publicly published the friggin' deals and dates for God's sake. That is not a smart person. That's like robbing a gas station and then buying something before you leave with your own credit card. Just idiotic. But it says a lot about her education and intelligence level. Her acumen for business is non-existent. She's never run anything in her life let alone a public company as a CEO. A third grader could do the job better.
Bodie was paid 100% of the possible damages he could have possibly proven. The MRIB countersuit was pure nonsense. Just a legal reflex action. Margrit ripped Bodie off giving him half the deal Eco Investments got both before and after his deal. He got exactly what he deserved and probably the most he thought he could ever get.
MRIB setttled because they were caught red handed and had no defense. If they don't settle, Bodie gets a default judgment and no money because a broke MRIB can't afford to defend and would be forced to close the doors and a secured creditor with a lien on an empty bank account. No win for everyone.
MRIB settles with paper at shareholder expense and everyone wins. Case goes away, Bodie gets $100K, Margrit and MRIB are absolved and the stock selling machine stays open. Pretty much a no-brainer.
Does anyone really think Bodie expected to collect $1 million? Get real. He got a quick easy cash grab.
Misanthrope, Bodie was not made whole by the settlement. This is what people aren't realizing. He doubled up. He got his original shares and then got the same deal again for nothing down. He made out like a bandit.
The original agreement was based on already registered shares. Pretty simple. SEC doesn't care about a note cancelled and then reinstated under the same terms. they just have to have A/S. You don't know your 501 law. SEC also doesn't get involved in civil disputes without a clear violation of their own regulations.
MRIB will just have to find the shares which I'm sure they have available (within their planned reverse split which is coming, I assure you) and you will see very soon on the open market. The shares you have to worry about are those not currently covered by the existing A/S which will start hitting in 60 days. Bodie just makes it happen faster. MRIB will need at least 4 billion shares to cover it all. Do the math.
The date of the settlement is irrelevant. If the original note was reinstated in full it's already matured by contract. There's no statute that marries the two issues. It should be available to Bodie as free trading immediately and the public on the original maturation date which would be sometime back last year. He will just exercise it using the conversion terms based on current PPS as if he had never converted. There's no mandated restriction that I know of and I've read the statutes and regulations. Have you?
Without going to an actual trial I doubt Bodie spent much on legal fees at all. If he spent $10K I'd be shocked. Pre-trial isn't where the expenses lie. Been there, done that. Discovery, Pro Se fees, travel, expenses and all the components of an actual trial add up quickly. I had a case much like this that did go to trial. The scamster spent $3.8 million in shareholder money before settling for another pledged $1 million of shareholder dollars. Still waiting on that money... 12 years later, but house and horse laws have him living comfortably on what he siphoned off in 16 years without ever recording a nickel in sale and at one point a $500 million market cap and $40 PPS from trips. No doubt Margrit is doing the same thing. Just not as good as this guy was.
And as far as having no case? It was open and shut but a judgment would do nothing for Bodie. Did you read the complaint? I don't think I've ever read a case in which the defendant was so clearly in violation of an agreement. She had deals done with Eco Investments both before and after her deal with Bodie that were clearly in violation and most likely subject to potential fraud charges and punitive damages. What's really frightening about it is Margrit's arrogance in the undertaking of it all. All you had to do was look at the history of stock issuances she herself published! Honestly, I think she's just inept, stupid and arrogant to the point of total incompetence.
Just get ready for next week's dilution numbers. August expenses are up and the really big ones from September will be here mid-March. Look for at least 300 million more shares in the next 30 days, probably more.
First, don't put words in my mouth Spec. I did not say Bodie lied. What he claimed was certainly feasible but very difficult to prove as actual damages. This is the way it's done, ALWAYS. Do you really think someone was damaged $3 million for finding a severed finger in their can of Chili or spilling a hot sup of coffee in their lap at a drive thru? No, but that's the kind of ridiculous claims you see everyday. In the end it's what they can prove and ultimately what they can settle for, but starting off at "actual" damages is just not the way it's done. You know that as well as I do. Granted, it wasn't a personal injury case but the approach is the same. Ask for as much as possible and see what you can get from them in the end to make the case go away.
Second, Bodie did not claim a "loss" of $1 million. He claimed a lost opportunity to make $1 million. BIG difference. He had nothing in at a loss. As a matter of fact he was most likely in a position of rather large substantial gains/profits. His argument was others got a better deal which he was guaranteed by MRIB would not be the case. It was an open and shut case. But, you knew he wouldn't get $1 million out of a broke MRIB. I knew. Bodie knew. We all knew. What he did get in the end was exactly what the "other" guys got in basis, just not the opportunity to maximize it identically to others given the current time frame and situation versus back when it happened. That's the impossible part of the deal to prove absolutely as damages. Plus, I'd bet dollars to donuts Bodie would have had to break open the books in discovery and reveal exactly what he had sold for and I don't think it would have fallen on very sympathetic ears asking for another million dollars. In these cases the judge has great latitude in assigning damages, both real and punitive.
Had Margrit been honest and fair at the outset none of this would have happened. We don't know the story behind the Eco Investments deal but it was clear that Margrit pulled a fast one on Bodie. She was dishonest, plain and simple. She lied to Bodie and she lied to MRIB investors in the same single Money TV interview in December. The result is Bodie more than doubled his return based on her greed and arrogance and MRIB shareholders will be diluted an additional huge amount.
Why don't you ask any MRIB investor under water here which is just about all of them whether they would entertain doubling their current holdings for nothing or get 10% profit on what their original investment in MRIB was? You'd have a line out the door and those folks would still be under water. For Bodie it was 100% gravy.
A settlement for 10% on an unrealistic amount is not a loss. Had Bodie been in the deal for a million it would be a loss. He was already at a significant profit from previous service on the note. No different than any other nuisance lawsuit asking for some huge amount of damages at the outset in the hope of settlement.
The point being that the million dollar claim only represented a speculative opportunity lost and no court in the world gives that credibility as real damages. Bodie was into the deal for some portion of $100K, got close to $20K in interest and whatever he got for the stock not to mention a 5% kicker for the dividend. I'd bet he was up $100-200K before he ever even thought about any legal action. Bottom line is there certainly was no financial loss at a 10% settlement. It was all gravy. Then there's the fact that MRIB is broke. The man managed to get blood out of a stone. That's always a win when looking at what would most certainly be a loss just on good money after bad in legal fees.
Didn't you say you talked to MRIB about a week ago and things Margrit said had you very worried? What's changed to produce such a dramatic turn around? What great things are coming for MRIB that were not there a week ago and what happened to the "concerns" you had?
Nonsense. 10% from MRIB is a major victory. His actual damages were about $100K, at least those he could prove. The million dollar claim was just for effect. He was never going to get that without spending it all on legal fees or putting MRIB out of business and getting nothing and he knew it. But he had MRIB dead to rights and wanted to get something out of it. $100K is better than a stick in the eye.
And remember he had already redeemed on the original note last year so he basically doubled his original return. Getting that kind of return out of MRIB at this point in the game is a major accomplishment. How many people can say they made $100K net profit off of MRIB in the last week or so?
But Chewie, MRIB has had a "distribution agreement" with Brazil more times than they've sold a new retailer. This is like the fifth time they've announced such and BTW, still no distributor name or details not to mention no check. Why does everyone keep believing in this happening? What's so different now on this foreign contract fairy tale than it was five years ago, two years ago, one year ago, six months ago, four months ago?
If someone tells you the check is in the mail that many times over five years and it never arrives do you really believe it every time they say it anew? It's just common sense to doubt there is little truth to the whole story. I guess it comes down to why you think we should believe any of this same story for the fifth time after nothing has ever happened?
As far as MRIB trading at $.0002 by the end of the month I think it's extremely accurate and, other than a slight run in September following a round of bogus MRIB PR, conforms to a very consistent price trend seen over the past year during the massive dilution program. And you and I both know there's a lot more coming in the next few months as we will see the peak expense months converting.
That said, I'm trying to figure out YOUR logic on the PPS more than doubling to as much as $.001 with absolutely nothing to support such. What do you base that MRIB PPS estimate on? If it's all riding on Brazil then I have to question and credibility at all based on the aforementioned history of the Brazil "story".
This stock will go to $.0002 in at least one big trade by the end of next week. They might make it to the following week but it's going to happen. Bet on it. Margrit needs to pay for her Mercedes and the rest of her perks. Fired everyone else so it's just a personal piggy bank now.
You are absolutely wrong there. Estimating outstanding shares based on expenses is the only accurate thing we can do with MRIB. What we can't do is find any revenues. We know they had at least $100K in expenses for July through September and we already have their financials for that period with no revenues. You're wrong pal. It's as accurate as can be with this non-transparent POS. You're talking about revenues for a period already reported and I'm talking about a period of expenses already reported just that the expenses are delayed by six months. Your argument holds no water.
Which of course, makes any calculations of shares outstanding a meaningless effort if it is assumed the company has absolutely no revenue.
So, having done those calculations again, I come to 4.3 billion shares fully diluted by the end of March given six months of expenses, Bodie and a container, and of course, no revenues. That would more than triple the O/S. Whether it's more A/S or a reverse split, MRIB shareholders are going to experience an additional loss down to what certainly looks like $.0001. Can't believe I got $.026 for this turd. Lucky? No. Just did the DD and ignored the pump.
So Chewie... I was awaiting a response. How could MRIB contract convertible debt back in May in excess of A/S without an increase until September? and we're not even six months past September when it was increased. I think you need to recant your statement and admit there very surely is many, many more shares coming and without a doubt a reverse split. I calculated eight months ago as many as 4 billion shares fully diluted by this time and you all said I was insane. Looks like it might be dead on.
End of month? More like end of next week. Another 300 million shares coming soon.
Yea. This looks like an ATM run with a non-MM. Probably Bodie retailing his shares.