Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
This "angle" is patently absurd. The premise that there is some grand conspiracy involving the toxic funders and MRIB is a victim is by far the longest reach yet at rationalizing the demise of MRIB and denial of the reality that it is MRIB and MRIB alone that is the perpetrator of the "crime" not a victim and blame falls fully on the skipper of that ship, Margrit Eyraud.
Furthermore, the number of shares the toxic finder gets doesn't matter. What's the difference if they get 1 million shares at $.0006 or 2 million shares at $.0003? THEY DON'T CARE! They are not going to hold and have no interest whatsoever in being an investor in MRIB, especially in its current shape and trend. The idea that there is some grand plan with paid bashers and intentions to maximize gain by holding out is not in their gameplan. Natural of the beast. Furthermore, the fact that shares were not liquidated until Friday are not indicative of any terms of any given combination of convertible agreements. Do have the contracts supporting that because you stated it as fact not theory or opinion.
Perhaps there were two contracts maturing at different dates and they had the inside line and didn't want the PPS to go down too much before the Friday issue, exactly the opposite of the supposed "angle". It is not in an funders interest to have a lower PPS when going to collect their collateral. If anything it puts them at more risk on the downside. That dog simply does not hunt.
And let me ask this. Do you know for a fact that Margrit herself is not in any way connected to these funders and/or benefitting financially from them outside of MRIB? You have to wonder why a CEO would so seriously hamstring the company and its stock value. What's the incentive or should I say motive? She has been spending money like a drunken sailor the entire time. The convertibles are merely a guarantee for failure so what's in it for her? Why do it? I think the answers are becoming increasingly clear and they have nothing to do with selling vodka.
Gman... easy deal. They're all at Red Hill Road. Fly into John Wayne, rent a car and 20 minutes later you'll have your answer. I already know what it is but go see for yourself. I know you don't plan on going to Eraskh but I'm certain that's as much a scam as all the rest.
Yes. The convertibles from July/August will show up on the next financials. MRIB still has August through January coming.
How's that research on Wine Plant of Eraskh going for the believers? Anyone find anything other than the plant was destroyed by a rocket attack in 1991? Anyone want to bet the owner of Wine Plant of Eraskh is, or is connected with, Margrit and kin, Charlie Owen, Ken Owen, Deborah Ridge, Shinsume Nagaskai, et. al.?
$300K in inventory for $10K in sales and over $2 million in expenses for the year? Hmmm. I don't think so. My bet is MRIB, end of day, is paying over $300 a bottle to Eraskh. We will see. But Margrit, the fight is coming to you. And other entities will be invited in including the SEC, Justice Department, the Department of State and the Internal Revenue service. Maybe we'll even have the CAL FTB check into any wire transfers from Armenia going to Glendale, CA. IRS wll follow up on that one I'm sure. $32 million not to mention all the stock gains is a boatload of money. That should get some attention which is what garners action. I figure it's been over $100 million in transactions, probably more. TV stuff. Going to get interesting.
No one knew MRIB would dump 200 million shares? I said it a month ago and was asked for documentation on the convertibles. Everyone knew it was coming and there's plenty more too.
Very tempted to see if Margrit shows up tomorrow at the "presentation". Probably a waste of time but it's just down the street from my office. Maybe I'll send someone over...
Yes. and there's a new MRIB base exactly as predicted at $.0004. The next two hundred million MRIB shares to be issued in the next few weeks (covering the August 2014 expenses and prior to the late financials of course due on the 15th) will halve the stock yet again for a new base of $.0002. It's become so sadly predictable. The additional impact of the financials component should give MRIB a pretty hard hit as well as we all know how abysmal they will be.
It's like a bank that gets robbed every Wednesday at 3PM and the authorities do nothing about it. Just have the teller get the bag ready before hand. LOL.
Hmmm... Is Margrit moonlighting or just an officer in all of the companies MRIB pays out to? How many companies are at Red Hill Road? There's a new one. Note the address. Just more proof that just about every penny that goes out of MRIB ends up in the hands of another shell ghost company that Margrit and these same other individuals are tied to. Not only the original NovaNet but Eco Investments, Large Investment, National Capital Investments, Rising India and I'm sure the Wine Plant of Eraskh is no different. Sell stock and then "buy" services from all these mystery vendors who don't seem to have any business other than within their little circle. Just looks like operating expenses, right?
It's no wonder there are no lawsuits of significance over the past 8 years and $32 million that MRIB has paid out. American Greed last night there was the story of a guy and company that blew through $25 million and he had 174 individual lawsuits pending. Anyway... Here's the new one:
Novanet Media Jet Corp. is a Nevada Domestic Corporation filed on February 27, 2006. The company's filing status is listed as Active and its File Number is E0138892006-0.
The Registered Agent on file for this company is Nevada Processing Center, Inc and is located at 6490 W Desert Inn Rd Las Vegas, NV 89146.
The company has 4 principals on record. The principals are Charles Owen from Tustin CA, Deborah Ridge from Tustin CA, Margrit Eyraud from Tustin CA, and Richard Melland from Tustin CA.
Company Information
Company Name: NOVANET MEDIA JET CORP.
File Number: E0138892006-0
Filing State: Nevada (NV)
Filing Status: Active
Filing Date: February 27, 2006
Company Age: 9 Years
Registered Agent:
Nevada Processing Center, Inc
6490 W Desert Inn Rd
Las Vegas, NV 89146
Report Due Date: February 28, 2014
Company Contacts
CHARLES OWEN
Secretary
15941 Red Hill, Suite 201
Tustin, CA 92780
DEBORAH RIDGE
Treasurer
15941 Red Hill, Suite 201
Tustin, CA 92780
MARGRIT EYRAUD
President
15941 Red Hill, Suite 201
Tustin, CA 92780
RICHARD MELLAND
Director
15941 Red Hill, Suite 201
Tustin, CA 92780
Gold Team... Just curious. How do you know who Ken Owen is and what is his involvement with MRIB? It's odd that you knew about him and an obvious relationship with MRIB and Margrit long before any of us. Are you aware of his past legal troubles? His relationship with Murray Goldenberg who has been linked as CFO of MRIB? How about Novanet? All of which leads back to the MRIB corporate offices at Red Hill Road. Perhaps you also are familiar with Charlie Owen, Deborah Ridge and Shinsume Nagsaki, all MRIB board members and also the board members and owners of Eco Investments? Think we might need some splainin' Lucy.
Be nice? Has she been nice? She issues out 2 billion MRIB shares after saying it wouldn't happen. What's to be nice about? Who got the money? That's the real question and you have never answered it.
WHO GOT THE MONEY? Please enlighten us. We are at 200 million new shares every other week. Where did the money go? Not a single answer to that question. No ads, no marketing, no capital expenses, no nothing. Just cash out the door every month at twice the rate of gross sales.
Six more months of it to come and you have no explanation as to what MRIB is spending the money raised from convertible debt is being used for? Get real and give us some answers. You talk to MRIB and Margrit twice a week? What's her answer? What did they spend $476,000 on last reported quarter? Oh... wait. She's nice and loves her wine making Granny so we should believe everything she says, right? Wouldn't surprise me if a certain promoter at this point in the obvious game and charade was an MRIB insider if not a principal.
Be careful what you ask for Gold Team. MRIB has been quite careless and has left much to be looked at legally. Who says it has to be a shareholder action or a class?
There are other options. All spell significant trouble for MRIB with their arrogance, abuse of shareholders and attitude of being above the law having puled the scam over and over again without recourse. Ever heard of RICO? See, the problem is that Margrit is a puppet. Dumber than a bag of hammers. She knows nothing about anything and RICO to her is a probably guy that works for Santiago Ramos at Zodiac Brands. She, kin and cronies could be in for a world of hurt and I seriously doubt there's any D&O insurance at MRIB.
As you seem to have a personal and regular connection directly to MRIB and Margrit, you might want to pass it on. Little hint... the first thing to look at is how much actual money got wired to an Armenian plant destroyed by missiles in 1991 whether for reported, and unaudited, product related expenses or not. And then we'll look for where that money ultimately ended up. You want my bet? Glendale, CA. I'd say MRIB is playing with fire. Not through savvy though, through arrogance, stupidity and the ignorance of MRIB management. Some astute criminals IMO found an uneducated Armenian connection and worked it. we'll see what happens.
I'm sure she's sipping cocktails at the Clevlander on South Beach about now but maybe you can get the message through. Let her know as well that my partners are all in Key Biscayne and plan on stopping by this so called conference for their presentation on the 9th. Better be good.
We heard that story about revenues a year ago. What is it that is not understood about the convertibles? It will stop at 1.6 billion? It's already double that. Theses convertibles are from debt raised six months ago. If you are saying revenues will start coming in in a matter of months we will see at least another eight months of regular dilution. Either you're unclear on how these convertibles work or you're trying to suppress the reality of the MRIB situation.
Now a totally certified scam. Any investment in MRIB is a loss.
No one willing to buy at $.0005. Totally dead. Just waiting around for the next round of dilution and sub $.0003. MRIB now has a big problem. They've maxed their A/S and have no cash. Now what?
$.0002s coming. Will establish the new low.
Yea. The new static level low is $.0004. We should see $.0002 in short order. Even the flippers are out. Pretty much a no confidence vote with Margrit. She's sipping cocktails in South Beach and the company is going to hell in a hand basket. Ten days to two weeks and this should be $.0001. That's what MRIB is selling for. Why would retail investors expect anything more?
Anybody try and get a hold of Margrit or MRIB today to explain this debacle? Looking dark. I assume the MRIB team, Margrit, Ani and Nina are sitting on the beach in Miami sipping cocktails cooking up their next PR. Marani... the official vodka of the Tustin, CA chapter of Alcoholics Anonymous... LOL
Major contract coming with Madagascar with expansion into the rest of Africa by next quarter.
When was the last time anyone checked Costco? Hard to believe they've lasted there as long as they have. Must be a helluva' slotting fee to keep their interest or they have a local buyer in their pocket. Total Wine sales this week were zero. Just checked.
Absolutely no market for the stock. Begging at $.0004 now. Should see $.0002 shortly. Ten days to two weeks until the next wave of dilution (August 2014 expenses)and we've got abysmal fins coming. Perfect storm. I certainly would be uncomfortatble to be sitting on 11 million MRIB shares at $.0004 right now. Lucky to get back commissions at this rate.
Yes. I have some questions:
1. Who is the owner(s)/partners of Wine Plant of Eraskh?
2. What is the involvement of Charlie Owen in MRIB?
3. Who are the "unnamed" lenders on the MRIB reports?
4. What is Margrit's involvement, if any past or present, with Zodiac Brands?
5. Why did Margrit order another container with $200K in inventory on hand?
6. Can we see the FINRA document related to Brazil?
7. How many shares of MRIB does she and her family own?
8. How many shares of MRIB has Margrit and family recieved in the last 8 years?
9. How many wire transfers have been made from MRIB corporate accounts to accounts in Armenia in the past eight years?
10. Has Margrit ever sold any of her stock?
11. Why is MRIB still not reporting?
12. Why has OTC not been updated with the new SS and why did she get a lawyer to confirm the false reporting as true?
13. Why did Dan Senters leave?
14. Why did her previous IR person and her VP of Business Development leave recently?
15. What is her degree from Laverne College in?
16. How many sales calls has she made since Dan Senters' departure?
17. Why is the Wine Plant of Eraskh website domiciled in Glendale, CA and hosted out of Brooklyn, NY?
18. Who is the Brazilian distributor?
19. Has MRIB ever made a payment to Costco or a representative of Costco to stock Marani vodka?
20. Why is Remedy Liquors the biggest seller of Marani Vodka?
21. Why have we not seen a TV ad as promised?
22. Why is Margrit going to South Florida this week while the company is in such severe distress?
I have lots more but that should do it for now.
I did not say estimating was fact. Don't put words in my mouth. Estimating is a way of life and staple in business. From the analysts down on Broad Street to the Vegas odds makers on the strip. It works, it's most often very accurate when treated with dilligence and can be relied on unlike the claims of mystery revenues with no support.
That's the big MRIB problem. It's very simple to get an idea of their revenues and how little they are. Conversely, the argument that there are revenues greater than estimates is so totally unsupported and historically false as to be entirely non-credible.
She stated the forecasted stock price in an interview. Did she guarantee it? No, but all she had to do was suggest it for it to be material, so let's stop with the semantics. Comments whether factual or opinion coming from the CEO are material and significantly impactfull and she knows that damn well as do you. It was an intentional deception along with a MRIB laundry list of others.
If Tim Cook came out tomorrow and published a PR saying he saw Apple being a $1000 stock by end of year do you not think he would be held to the fire? Do you not think he would be absolutely crucified? My God, in retrospect it's incredible to think she even said it. Just goes to show how acutely unintelligent, inexperienced, unlearned and inept she is. She should go back to Iraq and make some more wine with Granny.
The amount of dilution left to go to get to 1.8 billion shares will wipe out debt? What financials are you looking at?
At current levels 800 million more shares would only cover $320K. MRIB has over $2 million on the books already as of September 2014. The concept that debt would be eliminated is preposterous not to mention the expenses wouldn't even be covered for the last six months in that $320K and I'd bet anything those expenses are way more than the total. You need to check your math friend. It's way off.
The license is worthless. The product is on the shelves of what amounts to 14 Costco stores. The others are a joke. Anyone can buy a little shelf space which I'm sure what MRIB did. $.0001 is not unacceptable either. If MRIB themselves are willing to give away their stock at that price to lenders and not even offer it to MRIB investors, why should the retail MRIB investor believe their shares are any more valuable?
Unfortunately the MRIB trading would tend to indicate selling at anything above $.0004 is like selling ice cubes to Eskimos. But $.0004 I would say is the new static level for a week or two until the next convertible matures when MRIB heads for $.0002 and below. MRIB... Every week. Lower highs and lower lows.
Seems even the most loyal of the MRIB faithful are finally seeing the writing on the wall. You almost have to feel bad for them although I would assume most if not all trying to promote MRIB were doing so knowing it was a scam and just trying to make a buck off some unsuspecting newbie.
Hmmm... Few MRIB shares available at $.0006? But not to worry. 170 million were ready to go at less than $.0005. Just shows what garbage L2 is in analyzing a scam.
Interesting volume... More than the 90 million shares last issued. Friday too. I think we will see another issue show up on Monday from the T/A. Unless someone had 100 million shares sitting around they wanted to sell at 30% plus discount to market. Or, perhaps they only paid $.0001? LOL
I agree a lawsuit against MRIB would most likely go nowhere but to an empty bank account. Blood from a stone. There are some other possibilities though. I'll just remind folks of certain DD I've done over the past year which has been posted and some of the entities and individuals with very questionable involvement with MRIB. Although MRIB is surely set up to be "judgment proof" there are certain conditions that could allow one to pierce the corporate veil and pursue individuals certain of which I would bet are high net worth folks. I've never believed Margrit to be behind the scheme. Complicit, yes but not the one pulling the strings. She's simply not smart enough.
They were certainly more patient this time but eventually gave in... I noticed that there seemed to be a real effort to keep MRIB within a range with 10% of each larger sale buying at 20% premium artificially supporting the price and breaking to that new low.
I think this is now a real problem for some folks. Aside from the MRIB investors getting further wiped out the price is getting dangerously low for future convertible issues. There's another six months worth coming and there could end up being no market not to mention the enormous number of shares they will need to unload.
MRIB to declare BK. It's coming.
Margrit and Ani and probably Nina are sitting on the beach in Miami enjoying themselves on MRIB funds. Not a single bottle of Marani sold last month from what I can tell. Expect an unemployment claim for Dan Senters too. That's going to hurt.
Flat line... bring out the MRIB paddles. CLEAR! No interest remaining. All know it is a fraud.
Exactly. Your claims are fictional. I just would like you to admit that. And you can certainly can say something that will help. Just support it with some facts. I know what domestic sales are down to no more or less than $2000. You have provided nothing to support these so called revenues to support expenses so we must assume they don't exist and MRIB is totally dependent still on convertibles. and they have no revenues.
And still no response to where those revenues are coming... Just more misdirection.
Impatience setting in... When does the big dump happen? They're trying to get the flippers to support it but they're not buying it. I figure they'll give up later today. They need the money.
And if you don't think Margrit is part of those note holders you're kidding yourself. She's making a ton of dough off MRIB investors. A lot easier money than selling a consumer product which she can't do anyway. Dan Senters set her up to go for the end game with Costco and some other minor crap, she fired him and now it's 2009 all over again. Suck out all she can get. But she's not the one pulling the strings guys. Look to Guy Griffithe, Charlie and Ken Owen, Deborah Ridge and the rest of the cronies. You got no offer at $.0001 like they did. There's a reason for that.
You didn't answer the question that your third grader supposedly can, again. It's not an idiotic question for MRIB investors. Where will these revenues come from? Not talking history, talking future. You keep harping on the history semantics. I'm throwing that out. Where are the future revenues coming from, and they need them immediately to stay alive so please don't tell me it takes time. They've had four years on Brazil. I've got stuff from Junior Faria from 2010 with Marani.
If nothing else, please give me the answer that the third grader gave you. Obviously he/she is far more schooled in business than I.
Margrit has not sold a single container in 14 years. FACT. She's bought a bunch of them though.
Like to know who got paid for them and how much. The Wine Plant of Eraskh? An abandoned facility in that wasteland of a village which was destroyed in a rocket attack in 1991 and never rebuilt. Bought and used strictly as a mailing address and facility classification for tax purposes. Eraskh is a tax free zone. Hmmmm. IMO Margrit has been buying Vodka from herself at steep premiums with all the MRIB money. $25 million worth. Why order product you don't need? Because you get paid tax free on the back end. Wire the money back to Glendale and the IRS is none the wiser.
Funny. I asked where these supposed MRIB revenues were going to come from and the response is a semantics misdirection about general stock market investment and historical data?
Where are the claimed revenues sufficient to cover MRIB expenses coming from? Why is the discussion always steered away from the topic to something irrelevant when MRIB is asked about revenue sources? Does history have something to do with it? Sure, they have a bad track record when it comes to revenues but forget that. Where is the future revenue coming from?