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Sub $.005 on Monday. This POS is toast. $36 million loss. Anyone investing in this POS is stupid. Not one dollar of that money went into real marketing. Just a ruse. Margrit has stolen millions.
Exactly Sooth Sayer...The start of shipping Millions and Millions worth of Vodka will start probably this month......
MRIB is just starting to see the fruit of all their hard work. 30 national sales reps a long with a national advertising campaign will put MRIB on the top shelve of Vodka's...
MILLIONS AND MILLIONS OF REV's COMING FOLKS...
Brazil deal sealed. For those that don't know a letter of credit is used in international transactions to ensure that payment will be received.
Tax liens
Filing Number 127306744852
Debtors
Name Address
MARANI SPIRITS, INC. 1352 RAYMER ST
North Hollywood CA 91605 -4144
MARANI SPIRIT 1352 RAYMER ST
North Hollywood CA 91605 -4144
Creditors
Name Address
EMPLOYMENT DEVELOPMENT DEPARTMENT PO BOX 826880
Sacramento CA 94280
Initial Filing
Status Pages Filing Lapse Date
Unlapsed 1 03/16/2012 03/16/2022
Amendments
No amendments found.
Collateral
No collateral found.
Filing Number 117294011541
Debtors
Name Address
MARANI SPIRITS INC, A CORPORATION 13152 RAYMER ST STE 1A
North Hollywood CA 91605 -4144
Creditors
Name Address
IRS/OHIO P.O. BOX 145595
CINCINNATI OH 45250 -5595
Initial Filing
Status Pages Filing Lapse Date
Unlapsed 1 12/12/2011 01/11/2022
Amendments
No amendments found.
Collateral
No collateral found.
You know what... You don't have to worry about winter and early 2015 financials. You'll never see them. MRIB will be gone by the end of October. I'm sure they'll try and bump out a few PRs on Brazil to see how long they can stick around but the money is gone, the final shares are issued and on the block and what will be left is a bunch of investors, dazed and confused, reconsidering the value of the "cheapies" they thought they got buying it all the way down to zero with no bumps. Hate when that happens but that's how the scam works. Worked in 2009 and it worked again this year. Carbon copy.
That's wrong. Your confusing a letter of credit with a line of credit. I'm sure that was MRIBs intention for you to think or believe such but it is inaccurate. A letter of credit delivers nothing but a guarantee of payment for delivered product under terms in the case of default and only after default. For all we know those terms could be full recourse. They pay for what they sell and they don't have anything to sell so the letter of credit is worthless. No one in their right mind would grant Marani credit. They've already defaulted on a million dollar line of credit. One thing for sure its not a credit instrument where MRIB will get cash up front. So where will the money for operations and payroll come from? Where will the money for national ads at $20,000 a pop come from? How will they pay the $3000 a month in car payments when they can't sell that much gross in Costco in a quarter? Hiw will they pay down the now $2.5 million in current debt? How about the $250,000 plus in delinquent payroll taxes? How about their lawyer in the Bodie case? Let's not forget the 30 national sales reps. Not looking good or even possible. Looking very 2009. Turn off the lights, buckle up and drive home safely.
I just had a thought... How can MRIB avoid bankruptcy? They are now out of cash. Even if they sold all of their product, which I highly doubt, they have blown through that cash three or four times over and would have no inventory to sell. There are no shipments on their way and they take at least a month to get anywhere. Even if they sell 100,000,000 more shares they wouldn't be able to order more product and cover expenses. How will they cover payroll next month? Brazil is fiction. Costco is pennies. Where's the money going to come from? I don't think there's going to be any choice but go dark.
They can dump all they want if no one buys they can't dump right....
How do you know about this transaction if it is not reported anywhere?
How could it be "definitely" if the terms are not known!
Quote:
Definitely over 1 billion just based on the published employee stock compensation plan, options, preferred shares and convertible debt. A lot of that we don't know the terms.
Forgot one other thing... This one is for you DJ.
I saw a couple of posters mention they were guarded but still believed but that they would be the first to go to the SEC if MRIB was all BS which is more than looking like the case now. Little tip for you. The SEC doesn't care and will do nothing without a huge amount of arm twisting and effort from outside the commission and its enforcement arm. Been there, done that. If it's not press worthy or in the billions, it's not on their radar. They want Madoffs and Guptas. Not Eyraud and her siblings. One of the main reasons is the complaints are all from a bunch of us working stiffs with claims not worth getting involved. Even trying to establish a class is not worth the time.
But I will tell you what might have some teeth if this thing goes south and someone wants to take action... and, you cn be the smallest guy in the world and it will get immediate attention. The Internal Revenue Service and the Franchise Tax Board in California. Whooa boy! That's where the action is. They don't care about CNBC cameras, just revenue. I would love to see Margrit and her sibling's tax returns for the past six or seven years. Did they pay taxes on the supposed forfeited accrued salaries that they received stock for? How about that severance plan? How about the health insurance and car payments after leaving the company? Think she reported it all. One little phone call could get an IRS or FTB investigator very interested when they look at a $30 million plus accumulated loss with only three employees. Just a thought...
The one thing that is really disturbing in retrospect is that HUGE block of basically free stock that went to ECO Investments which was obviously an insider deal with ECO and MRIB having the same board members. I really don't think that deal was legal or would it be legal for them to have anything but restricted no sellable stock but that doesn't seem to be the case. We also don't know how much and to whom all of these latest stock distributions went. Lastly is the fact that we have ABSOLUTELY no idea what the fully diluted value is. Some have estimated it at as many as 4 billion shares. Definitely over 1 billion just based on the published employee stock compensation plan, options, preferred shares and convertible debt. A lot of that we don't know the terms. could be a HUGE dilution.
I don't think most people understand fully diluted and only look at that A/S and O/S. Lot more involved folks. Look at any company reporting and you'll see notations as to stock plans, etc. MRIB doesn't bother. But then, there unaudited and unreporting under SEC regs so why tell the truth? They're not required to. I seriously doubt any auditor would touch let alone certify their financial reports.
Yup Joe. Have you noticed for the last week or two that there always to be one big sell off almost first thing in the morning and it seems to sort of set the tone for the rest of the day. I think there's also some folks trying to support price buying small amounts at a premium trying to inflate the PPS and protect under water positions but that's good money after bad at this point. I really don't see how the PPS can hold anything near $.005 even if the financial news is pleasant. Nothing to lose selling now because the price in the best possible scenario is going to be right around where it is now. Just buy it back after the news and negate the risk of total loss on bad news.
Extremely low cost basis holders need to dump asap, 0.001 coming.
If you translate the messages, extremely well! Go Mrib
$.002 on Monday when the zero cost guys get out for good. Anyone else will be left holding the bag.
Another huge loss. This baby is going down.
Buy shares now and you will lose every last dollar you have. Total scam.
Everyone should hold till the financial are released imo. Sharks are smelling blood don't be fooled!!
Everyone should hold till the financial are released imo. Sharks are smelling blood don't be fooled!! If the 10k is good or bad depending make your decision then but until that time it's a hold and see. I'm expecting good results way more than the previous report for sales. Good luck everyone and remember they won't get away with lying about these contracts trust me. Everything else is speculation until proved false
I don't know about that Joe. Seems to me the T/A reports weekly or over some period of time. I keep seeing the issues and issue dates in clumps very week or two but don't get them on a daily basis. That said I think we're probably closer to 650 million with only 50 million to go which will likely be dispatched next week. PPS a should react accordingly down below $.005 or less. Setting up the last exit for the two weeks of trading left before financials are out. Their timing seems perfect.
Absolutely 30 National reps exist... with little DD work folks you will find this plus lots more of what MRIB is doing to be progressively marketing the Marani Brands Nationally.
Margrit said that the next Q's are going to be a really nice SURPRISE to the share holders. You know what that means? The Rev's are going to be substantial increase especially for a Quarter that only had Vodka on the shelves at Costco for half of the Quarter. The Q's financial after this one will start seeing HUGE increases in REV's. Then the stock will go UP UP UP UP.......
Who really cares? Everyone can see the share structure in the last filings if they do any kind of DD's of their own. Or wait till the new Q's come out and get the updated figures. This has been gone over a million times with the same conclusion. 80% of the share structures that are listed are incorrect at the OTC so why use those numbers any way. OLD NEWS AND A NON ISSUE................
Wow. Looks like desperation is in the air. It's really getting out of control. We are now seeing total fabrications being presented as "news". Factual information being denied with fictional claims of how those facts are reported and regulated. Old news being presented like it was new news. It really has sunk to a new low. I guess morals and ethics are just annoyance to be ignored by some folks when money is involved.
MRIB has never claimed to be on the shelves of 25 stores. That is a total fabrication created by longs desperate to support PPS. Claims that Marani is in other clubs, national retailers and huge stores other than the 14 Costco Stores MRIB has confirmed, is also a total fabrication. There have been no new retailers or distributors added that are selling Marani confirmed by MRIB. Claims of such are again fabrications created outside of MRIB using half truths and innuendo giving the illusion of truth and/material facts. Other claims such as 30 sales reps being hired, a national advertisement or campaign are just fiction at present. No ad has ever been aired and not one rep hire has been announced or confirm d by MRIB. These are just items MRIB talked about without confirming any actual execution. Smoke and mirrors from MRIB turned into exaggerated done deals by long investors extending the illusion of progress and potential for MRIB. The foreign contracts are just as fictional. They are not done deals in terms of revenue. We've seen nothing. There could very well be some sort of agreement by no distributor is going to agree to guarantee anything, especially the clown one man shop in Brazil that MRIB found right here on iHub peddling his services to any penny stock he could. He certainly isn't pulling off million dollar deals. Talk of such is purely fantasy and pipe dreaming. And as to these supposed contracts it's been claimed containers have shipped to Brazil. Pure fabrication as well. Just something made up in a desperate attempt to create hope, news where ther is none and avoid meltdown. Nothing has shipped. MRIB has not even announced such so we know that it's yet another total fabrication. When anything ships we will know it as it must pass through customs. the same investors making these claims also took MRIB Money TV comments and twisted it into claims that, and I quote, "product will ship on the 15th!" stating it like it was fact. Guess what? Nothing shipped.
The biggest outright falsehood being bandied about with a clear intent to mislead is the O/S. It is a topic that seems to be important to the longs to eliminate so they created a fairy tale about how that number is reported in the hope it might be believable. Just for the record and so everybody knows, O/S reporting and management has absolutely nothin to do with the company reports. It is strictly the responsibility of the transfer agent and regulated heavily by the SEC. What the transfer agent reports is not opinion as has been suggested. He has a legal duty and obligation to publicly report to any person who inquires in a timely manner, exactly the number of issues and outstanding shares. What the company reports is garbage as it is not bonded nor capable of assuring stock signatures which is what the transfer agent does to insure ownership is genuine and keeps the master list of every single holder when ch he then reports to the company and to the public. So folks, there is no argument you should listen to regarding the validity of the T/As number. It's just shy of 600,000,000 shares. 233,000,000 of those added in just the past year. Any claim of less than 600,000,000 is just at attempt to distract and deceive in order to hade the FACT that massive dilution took place and continues to occur every week. What really bugs me is that those investors making claims of less and trying to invalidate the transfer agent with some hokey story about company financials is that they know well and good the TA numbers are right yet look for ways to twist it. It's dishonest, deceptive and should not be regarded as credible information.
Bottom line folks is be very careful in what you hear about MRIB especially as it relates to any positive news or claims because, as stated, virtually every one of them are fabrications, fantasy, wishful thinking and /or pure fiction presented in such a way and with intent of luring investors in on false pretense. As I said more than a month ago, the possible good news on MRIB would grow thinner and thinner as we approach the end of the month. There's no news left to promote other than those financials. MRIB has tried but to no avail. Just not impactful enough to stem the death spiral and with those horrendous financials upon us long investors have turned to making stuff up hoping people will believe in MRIB. No news left, just fabrications and fiction.
Nope. Ready to go dark. No contracts, no sales, no revenue. Should be below $.001 by end of the month. Not a thing of value here. Massive losses coming and no income. Just like 2009. Anyone in this stock should go back and look at the 2009 Q's and K's. It's a carbon copy right down to the quotes from management. Amazing they could pull it off a second time without going to jail.
Big money tomorrow
She spent last weekend in Brazil. if she actually did, on vacation. That's it. No deal there especially with a "distributor" with no company. Such a joke. She found him on iHub. He was trying to get pennies to come do deals with him that he could promote. Just a scam. Check the history.
Non-existent contracts. Just a ruse to get PPS up for stock sales. Sorry that's the bottom line.
Watch this huge dump coming. Last strategy of the exit.
They lowered the A/S. Just a ruse to think dilution wasn't coming. Then the dividend which is unheard of for a stock like this. Just another ruse which the zero cost majority holders benefitted off of way more than anybody. I was a no lose for MRIB. But it made everyone feel good for a couple months. Just a lot of ploys and plays. THis one is broke in two months.
Good thing I've bought over 2500 in product myself... So it must be more than that.
Wrong berg... you forgetting that MRIB is just coming out of the Development stage, sale/marketing stage and now into the income generating stage which in a short period of time we will see MILLIONS in REV's being produced and that folks is what makes the price of the stock to sky rocket. Buy these cheap shares and bank them. Soon we will see a stock price of $1.00 per share.
Not under 590,000,000 shares. Over. And all of that depending on $2500 in sales. LOL
Who's lying? Anyone who quotes the O/S at less than they know it is and as the T/A reports is surely is. Are you suggesting that the T/A is lying about the O/S? Why? Not sure where you're headed with this argument.
And to settle it once and for all, the company does not file audited financials. Any audited or unaudited financials have nothing to do with stock structure reporting of the T/A and the T/A must report accurately and timely regardless of any company operations as a regulation. That's just the way it works. O/S is supposed to be real time to protect investors. It's not something the company has any control over... in most cases. I have my doubts on whether or not this T/A is reporting in a timely manner as required. Always seems to be an increase in O/S AFTER a PR.
Even if it were 590 Million OS... that is unbelievable super low OS for a company that just went thru a year in development and marketing. Grab some of these cheapies folks... Great Company with a great OS...........
Nobody knows the TRUE O/S Until audited financials.. So he could be right..... Stop with your unproven quote of the O/S . Thanks
She did the same thing in 2009. Does anyone really believe that there are $120 million in contracts at this point? Do you think it would not have already been announced in spades as the PPS plummets? A pleasant surprise? how loaded is that? Just a lot more misdirection from the fact that the sales are disastrous both for the last quarter and their fiscal year and the loss is massive. Pleasant? Yes, it will be rationalized.
"Well, we only lost $2 million when original forecasts estimated over $2 million. So we are very pleased with the results."
NOPE.. well under 500 Million OS I believe by now....