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If they have piles and piles of cash why are they tossing out new shares every week and diluting? Where is this cash coming from? Can't be from sales because that profit is totally used up and then some just in salaries. And let's not forget the $2 million in debt on the books. Just don't understand where and how they would have any piles of cash. Debt yes. Cash, no.
TV advertising can vary greatly. But anything national as you say is very pricey. Run of the mill spots on daily national advertising like CNBC or ESPN will run in the ballpark of $20,000 for 30 seconds. And that requires a contract for usually at least 10. Marani can't afford that. I don't think we'll see any real advertising if any at all, but by chance it does happen it will be a regional remnant program. Those can be as cheap as a few hundred bucks but it's usually crap and you don't get to chose spots. Strictly filler stuff, late night, local news, high school sports, squeezed in between paid programming. Small regional audiences.
And print isn't cheap either. It's been a long time since I've bought a national print ad but I do remember PC Magazine was over $50,000 for a full page 4C and it was a year contract running twice a month. So $100K a month. But that's what it cost to reach 1,000,000 people.
I think the whole advertising thing was a tease and I really doubt they have any money for it. But if you know of some source for piles of cash that none of us know about, please do tell.
WRONG INFORMATION... all stores have been listed with Costco many times but not all their customers would be listed. NO COMPANY IS GOING TO LIST ALL THEIR RETAIL CUSTOMERS LMFAO....
That's not a fair assessment. She mentioned numerous specific dates such as when shipping will arrive in Brazil and exact date of her flight (Sept 12) and meeting (Sept 13). Dan mentioned "a couple new stores"
SKETCHY? Interesting terminology. See your still grinding the ax. I think the post seems to be a little sketchy!
Yet another sketchy Money TV full of limited teaser information with little to no hard information or numbers other than the number of bottles. The fact that sales of those 36,000 bottles only amounts to around $400,000 in gross margin sales seems to be ignored but keep in mind the company spends that in less than two months in SGA.
Also remember that in 2009 Margrit said the company had already shipped on international contracts which turned out to be untrue. I expect we'll see another delay and new excuses. New Costco stores but no information as to how many or where. Lots of talk about the distribution channel but no new distributors. Received a purchase order? Ok, for how much or even at what percentage increase? Never any numbers. Just enough to let over optimistic investors imaginations run wild. I've heard a lot of BS coming from these two and there's no reason to believe this latest isn't just another shovel full. Margrit is going to actually show something now because if there aren't at least two containers on the boat next week all credibility will be lost. Time to show us something MRIB because these sketchy scripted infomercials full of fluff aren't doing it for anyone anymore.
Foreign contracts are fantasy just as they were in 2009. Never happen.
Can't say I told you so but I did. They were out there waiting and testing. The zero cost basis guys were just sitting and waiting and see if any of the long guys would bid it up They ran out of patience and unloaded. They know the financials coming and they're horrific. Got to get out in time. Every sub penny is free money. They just lost patience and wanted the money. Can't tell anyone that this dump wasn't coming because we all said it was. More to come.
Interesting... the zero cost folks are being very patient here. Looks like they're simply testing the levels and watching while grabbing a few thousand clams from the unsuspecting penny dreamer. Probably got all the cash they needed for a bit last week. Now they're just hoping for the longs to support it and load off little by little until the big dump at the end of the month.
BTW, did anybody do the math on those 36,000 bottles? Not to rain on the parade but beside the fact that $7500 in empty bottles represents nothing more than a dirt cheap and deceptive way of creating the illusion of future shipments, when filled, shipped, paid for and sold through the numbers are less than the company needs in two weeks of operation. That ain't too good.
36,000 bottles at $24 and less COG at 47% gross margin is good for roughly $400K in gross revenue. At 30% net operating margins that's only $122K in potential profit. That barely covers a couple weeks of SGA. And we all know their expenses are closer to 1600% not 70%. So basically those 36,000 bottle don't amount to a hill of beans and I'm sure MRIB knows that as well. It was just a tease to get folks talking about more "things that are going to happen"... and then never do. LOL The bottle order announcement is about as empty as those bottles. For around $7500 or less they got a whole lot of people to do their dirty work for them because it would be illegal for them to say they ordered or shipped finished product which would have cost well over $100,000. But the public took that announcement and twisted it grotesquely into positive spin doing everything from proving non-existent foreign contracts to new shipments on the way. Nice job Margrit.
Forgetting these *potential* catalysts:
- Announcement(s) of additional retailers
- International shipment(s) executed
- Commercials / ads airing
- More container(s) shipments
- Costco expansion news
These are more likely than not to come true based on current PRs and MoneyTVs and historical.
Does Marani get paid to sponsor any of these events?
Such as Polo on Lawn? If it was a big event, seems reasonable the event would pay for some product..
Not so sure about that Tape. I may be wrong but IIRC shareholder vote is not necessarily required depending on the form of increasing authorized shares and can be executed via the BOD. All the company has to do is go to the BOD and identify the number of shares to request that the board authorize. This can be any number of shares. The board must vote on both the intended date of the transaction and the number of shares to be authorized.
MRIB can then go to the SEC to amend their original filing. This is referred to as a Notice of Filing and it is used to amend the original Certificate of Organization to Authorize Additional Shares submitted to the SEC. The only interaction with shareholders in this that I know of is that MRIB would have to issue a press release notifying shareholders of the date, amount and reason for the increase in authorized shares. The press release can be uploaded to the company's website and sent to all shareholders on the date the increase occurs.
Again, I can't say that is 100% accurate but I'm pretty sure. Maybe someone else can confirm or refute this.
SELL SELL SELLL
Yep SilverNick, once there is HUGE NEWS, and the shares are tied up with strong longs this stock will be air borne for sure.
WRONG berg... More like $15 to $20 per bottle... not case LMFAO
False information has been posted about revenues and profits. THe company makes a little over $20 per case. They have 1383 total cases. Do the math. That's FACT. No more ordered, just a pr about empty bottles intended to deceive to give the illusion of more orders. There aren't any otherwise they would have said so. Instead they used a ruse to make us believe there were orders. No new containers, no sales. Period.
The company is insolvent and ready to go dark as soon as they can liquidate all of their zero basis stock which you paid over market for. Get your money out while you can. The music will stop very soon and the seats will be limited. Don't get caught without a seat.
YEa, right. I'd be surprised if they sold 100 cases total. Company is trying to tell you otherwise until the truth comes out which will be horrific.
Seagram's would have no problem telling a distributor how much they had on hand and were able to deliver. It's what a distributor wants to hear. It's no favor to the competition. I'm sure you could call up any distributor for Seagram's and find out how much you could order on what's in stock. Your argument makes little sense. Do you think keeping stocking numbers secret is some kind of strategic move? Why? Please explain? Do you know something we don't know? If Marani has 1000 cases in stock is that something the competitor's could take advantage of? Please tell us your rationalization here because I and others probably don't get it. MRIB has $100,000 in inventory to sell. That's a fact. How are they going to make money with $2 million in debt and $200K in monthly expenses? The company is insolvent and BK at best. Just need to sell enough insider stock in the next 26 days to get out and the longs who are under water are helping by buying it up and trying to support the MRIB PPS. The company is bankrupt, period.
Here's something to think about... Marani can't announce shipment of finished product unless it's fact. That would be fraud. So they could order another container, but that would cost over $100K. So why not just create the illusion of more product coming by ordering and paying for $7500 worth of empty bottles and letting all the MRIB longs make the interpretations that it's an expansion and more shipments are coming? Let the public deceive for them without potential for SEC recourse action. It's a tease at best and more likely a deceptive and last gasp effort to support the PPS before financials come out so they can finish unloading stock at max price the market will pay on this bogus PR. Looks to me the market isn't falling for it.
The reasoning is simple. Marani has a problem. It's a known fact that they only have a certain amount of product to sell and that maximum is now locked in for the third quarter as well because it's too late to receive any more. It's less than $100K in sales, not profits mind you, for both Q2 and Q3. They desperately needed to create some more fantasy revenues. Think they just did it without violating any laws for less than one stack of high society. Probably will preserve $50,000 in future dilution and stock issuance/sales. Bottom line is come November 1 when the actual financials prove all this PR was a ruse, and it will, we will all be wondering why any of us supported these deceptive PRs and announcements obviously intended to create illusions of revenue... always in the future... always in the future.
MRIB intro popped up before I hid it and I noticed at one of their events one of my own clients. So I called him and asked what the deal was to become a sponsor. All they did was supply $200 worth of product. So think about that. Marani probably spent $200 for the sponsorship and 10 times that for the PR and announcements not to mention paying Zodiac most likely. Pretty backwards and that's about what all these events add up to. Sell stock, not vodka.
And on the profit numbers Monopoly, I was stating fact. A case of Marani at Costco consists of six bottles at $24 for a total of $144 per case retail. Cost of goods is 53% for a gross margin sale of $68 per case. At 30% margin after operating expenses you get a net profit of around $20 per case. Unfortunately their expenses have historically not run at 70% but closer to 1600% so, sorry, no profits and horrific financial results come October. If they sold every case they had (1383) they'd bring in $28,000 for the year best case. There's nothing more to sell. Can't create imaginary revenues out of imaginary product. $28K... That's the absolute max total possible and it's just a fact. That's $.00005 a share if they operated on 30% margins. Give them a 20X multiple and it's a $.0001 PPS. Simple fundamentals. But the case is they don't operate at 30% margins. They lose ten times that so the stock is worthless come October. It's a fact.
Profit on a case is a lot closer to $22 per case. Retail price is $180 at most. Costco gross sales price is $144. At 50% gross margin $72 would be the gross revenue. Profit on that at 30% margin would be around $22. Saying that the profit per case is more than double the gross sales price is just incorrect and misleading.
Yaboy makes a valid and interesting point.
Why toss around the FINRA sign off (on Money TV, focused on selling stock versus vodka)? It means nothing and in no way represents a binding contract let alone a single penny in sales. Why? I'll tell you why I think she used it. First, she wanted it to legitimize the huge fantasy sales numbers and knew there would be plenty of naïve investors who would interpret the FINRA sign off as an official and confirmed done deal for millions. Heck a lot of people started counting the money as Q1 revenues without even understand what it was. And it worked. Many believers immediately began buying the stock up. Why wouldn't work? It worked back in 2009 like a charm, and, without the FINRA ruse! Which brings me to my second point. Because it's such over compensation I think she was terrified about the past haunting her and her credibility or lack thereof. She used this same international sales contract ruse back in 2009 and this was sort of a way to give the impression it was different this time which it really wasn't or isn't but enough to neutralize the naysayers and make it look legit this time. Go ahead Charlie Brown, I'll hold the football.
It's not much different than the state liquor licenses. Just pieces of paper and tidbits of information and half truths that are left to interpretation and subsequent positive spin and hype by merely omitting any material facts that could prove them wrong. It became a mantra of "if it can't be proved wrong it must be true!" Well, she made it damn near impossible for anyone to prove the PR and purported contracts to be untrue, except of course for the obvious, none of it has happened now for almost a year since announcing it. And it's not limited to the contracts. The state licenses are another exaggeration presented in such a way as to suggest actual sales. The state licenses for wholesale as documented by a number of folks here are really not hard to get if you have $100 and time to fill out the forms. They don't mean Marani has distribution, retail stores or sales in those states but again many investors interpreted it as such and continue to do so with every state added ignoring the fact that they have no distribution or presence.
The use of legal or official instruments in an attempt to entice investors with potential that is non-existent is very deceptive and borders on fraud. Imagine a lawyer with a diploma from Harvard Law School on his wall for potential clients to see, practicing law and acting as an officer of the court but never passed the bar? By trying to make these fantasy sales and evetns seem real this way is just wrong and has been a consistent theme with Marani. Granted, it's certainly a case of caveat emptor for all of us and any investor who does even the most basic DD would and should be able to make the determination that the paper is nonsense and in no way verifies, confirms or represents any sales whatsoever. Bottom line is don't hold your breath for international sales. IMO it's just the same ruse from 2009 and the FINRA thing was just a lame tool trying to lend credibility to the uncredible, negate the past REAL ruse and probably a form of a legal "cover her ass memo" for Margrit for the future when those contracts don't come through.
There is one other item in reference to international sales. Has anyone done any DD on Eraskh? Lately? And I mean other than finding pictures of Armenian monasteries? It sure looks like the pictures the company posts are intended to mislead us into thinking they're of the facility. They're actually of Khor Virop Monastery and another one I don't recognize obviously from an entirely different region for anyone interested. Pretty pictures though. I digress, How come we've never seen or heard about a plant, just out of the blue production capacity numbers? No equipment. How about an assembly line or bottling plant line? Barrels of Marani labeled vodka in a warehouse? Employees hard at work? I want to see folks in blue jumpsuits and hairnets. It appears odd to me that a bottling plant supposedly capable of producing 20,000 cases of vodka on a minute's notice per month has seemingly no plant, site and no other clients other than Marani. No known employees or management, no web site and has only made three or four shipments in the past ten years or so, all to Marani. Something is very, very fishy there. Eraskh has only issued 2 BOLs in the last six years, both again to just Marani. How do they stay in business let alone support a facility of such significant production and why are they listed as an Italian company in certain documents? Do they mobilize and open the company every time Marani calls to order and then shut down and wait another year for the next order? Is it some family members Margrit has making vodka to order in a bathtub in an Eraskh village apartment?
My extended question would be if by any chance an international order came in, could it actually be filled? Again, back to Marani statements trying to legitimize what looks like a lot of hooey. to entice investors who immediately started calculating the value of 20,000 cases a month as if it were a reality. Their announcement of production being increased to 20,000 cases a month also seems odd like many of the others considering the circumstances and sales levels at the time and what could be legitimately forecasted for the next year... and what now seems reality. I question both the existence of Ersakh as stated by the company and I'm starting to wonder if that's one of Margrit's concoctions and conflicts as well. Does she own Eraskh? Are we looking at crossed boards and more both sides of the deal operations like ECO Investments, Zodiac Brands, Margrit Enterprises, International? With so little transparency and honest reporting it's simply impossible to know what is going on.
The red flags continue to multiply and wave. The sea of red we will see come November 1, if we see it, will confirm it all.
No, it is an issue. Saying non-issue to everything isn't going to make it go away. It's also not opinion. It is FACT. There is X amount of product to sell, period. That is fact. Any revenue projections beyond what is available for sale is purely fictional and fabrication. Max revenues are $109,000 BEFORE expenses. THAT IS A REAL FACT.
These are the reasons MRIB will continue to decline until going dark:
Only $109,000 in REAL product possible in gross sales before expenses.
Management that has REAL history of massive failure
No REAL international contracts
No REAL advertising or marketing
No expansion at Costco
No distributors
No national retailers
No REAL sales reps
Dan Senters VP of sales is a fake with no resume or past history
200 million shares of zero cost dilutive shares issued in a year.
Eraskh Winery is a fraud. Has gone dark and never filled any order other than Marani in six years.
No new REAL shipments coming.
No new products
Huge conflicts of interests in management relationships and boards
Huge dumping of zero cost basis stock
No money being spent on REAL marketing
No transparency
No REAL numbers, financials or reporting
Unaudited for years and unreporting
Secretive issuance of free trading zero cost shares unknown to shareholders.
Huge management salaries for unneeded services.
Continually fails to deliver on promises
Sells stock not vodka
Fully diluted, OS could reach 4 billion shares.
Just a couple of the red flags folks. There are plenty more. There will be no more bounces. Just a few lame attempts to prop up the PPS with over market tiny buys that the zero cost guys will hammer every time they get painted. Ball game over, music has stopped and the fat lady has sung.
What revs, what is the bottom line? No one knows for sure. They need to produce the evidence of it. They also need to provide closure on the "big contracts" that were PR'd so long ago. A few sales here and there are good, but don't keep the lights on.
September commercials airing? Doubt it. I'll bet on that one. You might see another infomercial campaign aimed at selling stock but no commercials folks, TV or print. Shipments to Brazil are a pipe drem and ruse Margrit ran once already. Just changed from India to Brazil. The guy involved in Rio is a one man shop who does we sites in wordPress and has four non-existent clients. There are no national retailers on board and none coming. They don't even have close to the inventory or distribution to attack such. They've said this before too. Never happened with Ralphs, Von's, et. al. and it won't happen this time. There is no proof of any HUGE order from Costco. Period. Same 13 stores, same minimal restocking on consignment. No expanded stores and no additional locations. There have been no tastings either. Just a card table with four leftover bottles. Totally botched promotion that looked a lot more like a clearance sale. Not a single new hire on the sales rep side confirmed either. And sales order for Georgia? Who cares? It's a one man shop with one truck.
No distribution, no product to generate revs and no management to speak of. Dan Senters is a mystery man with no track record or history before 2011 or so. How does a guy who's been in the business for 30 years have no contacts? How does a guys who is so good manage only 13 retail locations and two bottom of the barrel distributors in a year of employment explain this lack of progress? Sorry folks. The free shares are being unloaded. They have the inside scoop and they know they're holding what will be worthless paper come September 30th. They're so thankful that longs and those so under water on this POS scam are supporting and propping the PPS they're giddy. $100 buys at 10% premium... 300,000 shares sell off at market price? It's so obvious. Buying $50 to support the PPS is just a waste of $50. Lower highs and lower lows until it goes dark. Matter of time now.
And Margrit cleverly positioned the international contracts for October because after the absolutely disastrous financials you will see, if in fact we see them, in September, those mysterious and pie in the sky contracts with a web site builder in Rio will be the only thing keeping investors interest. But they will prove to be hooey just as they were in 2009 with India, Monaco, France, Italy, etc. She's doing the exact same thing a second time and we're falling for it. Fool me once...
Once the Winter Q's come out showing possible Rev's in the millions MRIB stock will run big time and rightfully so since MRIB has:
Real Company products
Real Rev's
Real CEO with a great management team.
Real verified products on the shelves at retail stores.
Real transparent company
Real business plans and execution history.
Real National Advertising Campaign
Real National Sales Reps
Real International contracts worth over 120 MILLION DOLLARS
Real contract and on the shelves with COSTCO and other possible other national chains.
This is news worthy? Looks like the market is seeing right through this one as well as the attempt by Marani to make news out of ANYTHING! It's getting pretty lame. Another low end pay to attend event in its first year with no history and almost a year away! This is not news and why post it a year away before the website even had the branding up? The company is now grasping at straws. Sell 100 bottles? I'd be shocked if they got 100 paid attendees! This is just another example of cheap unknown and non-impact marketing and hooey PR most likely paid for in product.
I would doubt a main event sponsorship would be more than $1000. A product sponsorship? Probably in the $250 range. It's becoming only too apparent that Marani is attempting to give the impression of active marketing and investment in such when in fact it is bargain basement garbage most likely generated through Zodiac. So where is he money going if not to advertising and marketing? It's being hoarded to pay management. Bare minimal spending on the business and growth. Just keep those pay checks, car payments and other perks all paid up!
Had it been sponsorship at Cannes, Raindance, Telluride or one of the like I'd be impressed. But this is just a garbage event. What's next, becoming the official Vodka of the Tustin Little League?
The last container had 1363 cases according to bill of lading.. Ignoring the fact that 750ml are 12 to a case. Assume all are 1L which is a lie because many 750 mls for sale now. They arrived in the last container. 1363 cases x 6 bottles per case = 8178. Gross margin has been quoted at 48% = make it 50% cost say each bottle is 28.99 retail and costs Marani: 14.95.
gross revenue after gross margin: 8178 bottles * (28.99 / 2) = $118,540. This figure takes out 50% cost for each bottle. Marani still has over $200K worth (gross and not all profit.. 8178 * 28.99 = $237,080 ) of inventory in each container. Each container is a big deal.
Wrong... MRIB didn't add 400,000,000 shares according to your fuzzy numbers. They had used only 144,430,517 shares since first of the year for expenses while growing a new company.
I'm hearing all sorts of theories regarding the huge loss in share value from recent highs but most of them sound like excuses avoiding true valuation and the harsh reality of the situation. Valuation isn't based on trends, trading habits, sentiment, volume, time of year. Those components may have effect on PPS but not to the extent we've seen with MRIB. There needs to be a base valuation which is determined by the market and what people will buy or sell at based on that valuation. The variables are simple, earnings and number of shares to which those earnings are applied. Trader sentiment and market will determine the multiple that determines market price and valuation.
In the case of Marani it may have touched $.05 for a brief moment but pretty much peaked and held at $.03s. Many at that time were still under the impression that O/S was at the OTC published 170,000,000 shares. The fact that the stock had been diluted during the period of rise by over 300% puts the value right where it should be expected at 300% less than it was. All earnings aside, nothing seems to me to have changed other than the increased number of shares and when applying constant earnings and multiplier, a function or trader sentiment, you get a market value PPS. If they hadn't added 400,000,000 shares stock it would probably be sitting the same place it was at .03s.
To suggest that the PPS dropped based on something other than dilution defies the market model. You cannot dilute the stock by 300% and not expect a 300% downward adjustment in PPS without a dramatic change in earnings and/or multiplier which, with $2,500 in gross sales last reported, pretty much eliminates those components. PPS is right where it should be.
That said, many should feel fortunate that the market is ignoring earnings at least for the time being, and supporting an inflated PPS at $.01 given actual financials. Given what I believe we can expect September 30th, taking into account what they have in product to create any earnings which is no more than $145,000 gross you can probably expect a new PPS valuation adjustment downward.
Sales are in! Read em' and weep folks. Dan Senters revealed the numbers. 500% increase over Q1. Congrats Marani! Q2 sales confirmed by Dan Senters and the company at $12,500 on Money TV. FACT. His words, not mine. And that's gross. Net loss should be at least $400,000 for the quarter cruising for over a million on the year. No new shipments mean excess stock and no sales. Old stock on shelves means they haven't even broken into the new stock. The best number on their financials will be inventory which was paid for with stock sales and not sold. 1383 cases in stock, no sales. PPS should be below .0001. Get your chair because the music is about to stop.
A/S is also huge after fully diluted. Well over a billion shares and maybe as much as 4 billion considering options, warrants, convertibles, loans and other instruments. You must consider these when looking at the stock structure. Most have ignored Margrits ten years worth of options for example. Those must be calculated in. They far exceed the current 700 million in A/S.
Another half truth PR. The "event" has nothing to do with Marriott. It's a fitness club that rents space from Marriott for their activities. Another cheesey local event. Probably cost them a case of vodka and a check to Zodiac. Just sad to see them stooping to such low levels for any positive spin they can get. As I said a month ago the news will get thinner and thinner. Sponsoring yoga classes now seems to be the level they're at. This also confirms that they are desperate for sales. Looks like the 150 case sales number is going to be dead on. If they can sell another 1200 cases they can order another container. But sales are zilch. Loss will be over a million for the year easily and accumulated loss will top 30 million.
Mark my words. Sales for Q2 will be less than $20,000. Dan himself said so. That's an absolute fact not opinion.
Show proof MRIB has 1000 case still. Or is this just an opinion of yours?
No container on the way. Still have over 1000 cases left from the first one. They sell stock not vodka. The vodka is just a tool to get your money.
Be cautious and forewarned. That 700 million A/S is undiluted as reported. There could be as many as 4 billion shares when fully diluted. There are no warrants, options, derivatives, convertible notes or other instruments figured into that 700 million and we know from their statements that these instruments not only exist but are actively being issued and used to raise capital and to pay off debts and notes. Be CAREFUL!
Agreed - most people are watching from the sideline.
What kind of events? Nationally televised events. Worldwide live broadcast feed via Internet. Combined audience of over 10,000,000. Event foot traffic of over 25,000 for the branded event and total three day attendance of 200,000. Pretty decent exposure for the cost. It's also a space that has good synergy with alcohol products. Last event we were sandwiched in between Bacardi and Arehucas rum. Interesting because the rum uses honey like Marani. Anyway, small company just like Marani getting pretty big exposure. A couple of gorgeous girls handing out airline bottles didn't hurt either. Got a pretty big crowd!
But that's not the point. The point is these are the venues a spirits company needs to be in. A fashion show, non spectator boat race, hip hop parties, a regional golf apparel trade show, a charity event for aspiring Armenian fashion designers... Really? Where is all that going to get a boutique premium priced vodka? And yes, Las Vegas and NY probably don't see more than 100-150 impressions. They're small events and very esoteric. I really don't see the demographic sense nor the synergy that marketing should target. The Seattle sound deal for example, even if they packed the place, which they didn't, only holds 300 people. The bigger concern is that these second rate events are cheap and as I said, probably paid for with product. It seems like they're skimping on all the important aspects of marketing vodka. And they way the money is going out the door you'd think they were running Super Bowl ads. I just wonder where all the money is going if not to major print, TV and event sponsorships.
Sure they would go to NY for a fluff deal with or without a license is they knew an announcement of such would get people hyped and thinking it is more than fluff so they can sell some more stock!
Which brings me to another question, as silly as it might be. Why is it that all the Marani PR and announcements, events, etc. disseminated through stock sites and penny stock content providers? Why do we never see anything in a spirits industry trade or lifestyle publication? Who are they trying to reach and with what intention? Has research shown that users of sites like OTC and Eteligis are steeped in Costco customers? Has anyone ever given this any thought? I mean what good does it do as far as selling vodka?
And now we see two more cheesy third tier events that probably were paid for in product. The PGA thing might draw 100 people but keep in mind they are not a show or event sponsor but just riding the heels of another company who is also not a sponsor. So dumb, or is it? How much stock can they sell as a result of the announcement? Might be a lot of return on risk within plan. Won't help sell any vodka but the euphoria with which these minimal announcements and events are met could get people buying stock and maybe even a bump up!
Would love to hear Dan's reply. Love to hear a rebuttal to the sale forecast as well. Don't think you'll get it. They sold 150 cases at most.
Bankruptcy coming. Get out while you can folks. Company will be shut down by October 1. Only eight Costco stores sold thru. That's probably less than 60 cases. Dan Senters words not mine. No new distributors, no new retailers and no new sales. 560,000,000 shares depending on possibly $15-20,000 in gross sales. Pretty sad. Stock is worth $ .000001 at best.
Costco has had so many scam products. You don't even know. They just move on. They don't care. What sells sells. It turnsss out to be a scam they move on. Simple as that.