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.
Bodie dumped all his MRIB back in late January, early February. Look at the MRIB trading history. 450 million shares plus in a little over a week. The only ones holding are the bag holders Bodie, Margrit and her friends created who thought they could retail out their "cheapies" and are now trying to just break even $23 at a time with no one buying anything at volume at the premiums they thought were there because of what sure looks like arranged trades and price manipulation.
Who spends $2000 on MRIB at a 40% premium given the situation? Someone who knows something? Well, at this point that would be a criminal offense. Doubt they'd do so with a totally traceable fingerprint. Just cashless trades going back and forth between affiliates to give the appearance of an imaginary potential profit to a day trading flipper. So transparent. Looks good on paper but when they go to sell there's no interest.
The company is no longer in business. That's pretty much a given. Not a peep out of them for eight months now. No financials. We know they have no employees and we know they have no sales. Dark and defunct scam. The only question now is how many zero cost shares are left to be unloaded onto the unsuspecting? They keep setting traps but are getting less volume and unloading less and less. We will see the same thing until the game is over. Arranged trade at a premium, larger dump at the low.
It's all moot. The company is out of business.
Yes it was. $2000 that never changed hands. Just a show to keep folks interested. From one of Margrit's accounts to another. She got the folks looking for cheapies and their now going to be stuck. Try and get rid of those cheapies. No one will buy.
Nope. Looks like it's all but over for MRIB investors. Not sure what else could have been expected though. It does appear now that Margrit in fact shut down the MRIB operation back in October right after her announcement that the Brazil shipment was on its way and then the tax stamp excuse.
No cash or credit. No offices. No employees, management, sales force or professional services. No sales. No news is to be expected given the situation. The only news one might expect would be a confirmation that MRIB is shut down for good but then Margrit and her friends couldn't keep selling stock although it's not looking too good for that these days.
It's looking like 2009. MRIB just went silent for four years. Almost identical situation now. Stock continued to trade the whole time though. I wonder how much Margrit has sucked out of this scam? She really should be in jail. Every single thing she ever said is proving to be a lie. My guess is that the last PR we got at the end of January about Brazil was an attempt to bump the PPS up a little in setting up the 400 million share plus dump that occurred shortly thereafter. Final exit...
Perhaps Bodie already sold the MRIB shares?
MRIB is out of business. No proof otherwise. Investing in it at this point is investing in an insolvent out of business company.
Someone inside MRIB is getting desperate. Spending more money setting the trap now with no buying interest. The only trade I assure you was from one MRIB hand to another. No MRIB investor enjoyed profit there. Cashless trap. Not much more time to dump and $.0004s begging. Not long before they will take whatever they can get. Pretty difficult to sell stock in a company that went out of business eight months ago.
Filing, schmiling. Lack of the filing or even an extension indicating any willingness or intent to do so is only more fuel to the fire trying to find any evidence that MRIB is still in business. We've all been looking for any signs or evidence of life and honestly we haven't seen anything since October 2014. Moving out of their offices without notice and no new address or place of business is certainly a big red flag. Letting go of all the employees is a not so insignificant danger sign. The zero cash on hand in the last financials is certainly telling. Just an awful lot of evidence pointing to a shutdown that took place quite some time ago it would appear. Given all of this are there any positive signs of life or an ongoing MRIB operation?
Where is the logic lacking? The only lack of logic is expectation of the MRIB downgrade while expecting a filing. That makes no sense. And why is MRIB not ready? How long does it take to get the financials together on a company that is longer selling actively, has no employees and last reported less than $2000 a month in net sales? Should be a half hour cut and paste deal off of the last report.
No, I think a report at this point would confirm too many MRIB ugly realities and the trading would pretty much come to a halt. Whether showing no sales or what amounts to a shutdown of the entire operation, I'm sure anything MRIB has to report for 2015 would be the nail in the proverbial coffin. Nothing to do with being ready or not. Just putting off the date of the funeral.
Yes. That would be stock manipulation and fraud. Withholding material information in light of trading scenarios and PPS would clearly be an act of insider manipulation based on information not released to the public.
And I can't remember any time MRIB was gaming momentum. They had a week or two at very low volume where it might have reached somewhat higher levels but the volume was so insignificant as to discount it as any real move upwards. That's why applying the whole OBV theories to MRIB or any other thinly traded highly manipulated stock is absurd without scaling it to volume. Doing that and not conviently excluding the 400 million share dumping first week of February 2015 at all time lows and the whole OBV value goes negative into the hundreds of millions.
It really doesn't matter because it's quite obvious Margrit has shut MRIB down in the exact same manner as she did in 2009. I think the chances of seeing financials ever again (until MRIB 3.0) are slim and none. And please point out in any SEC or OTC reporting rules and regulations the part where a CEO need not file or report until they "are ready to" do so? I don't recall ever seeing or hearing that. Also the part where it's ok for a CEO to withhold or release material information based on an expected impact to PPS?
They are one in the same. How can you say the downgrade was expected but the failure by MRIB file wasn't? If MRIB was expected to file there would be no downgrade. What you are saying is that you expected the downgrade regardless of MRIB filing or not. That's absurd.
No, what most of us expected and predicted was that MRIB would not file and perhaps never will again which would produce the downgrade. Next level for MRIB is the old skull and crossbones.
Old news to all of us perhaps but not to any potential new investors. Forget that though and the absolute aggregious disrespect to MRIB shareholders reflected by not filing (not even an extension), what's the reason? What possible excuse could there be?
It's either Margrit can't post the MRIB results or has elected not to. Can't is quite feasible. We all know Margrit is totally inept and is most likely incapable of putting together legitimate financial results. With no money and no one else around to do them she probably can't afford to have them done professionally.
There are a lot of reasons for Margrit to elect NOT to post them even if she could. At the top of the list, given the lack of even an extension, is that MRIB went out of business. Why bother? No different than 2009. They filed one last financial report and then went dark and defunct without a word for close to four years. Sure is starting to look like a repeat. There's the possibility that the results are simply so bad that they will serve as confirmation that MRIB is done, still in business or not. The last reason is not out of the realm of possibility. Perhaps Margrit is simply too lazy to bother and just procrastinates to the point of MRIB shareholder outrage and rebellion as she did last report. But if this were the case I would have expected an extension as it would take all of thirty seconds to file.
Bottom line is dismissing or discounting the lack of MRIB reporting as seemingly unimportant by saying it was expected skirts the significant issue as to why MRIB has failed or refused to report. More and more questions will arise. Is Margrit hiding something? Is MRIB totally shut down? Point is financial results would answer a lot of questions. But then we know MRIB has never been very good at answering questions let alone doing such honestly.
MRIB downgraded to dark and defunct status with a no information warning. From OTC:
No Information Warning
This company may not be making material information publicly available.
If you are an affiliate, employee, insider, or any person in possession of nonpublic material information about this company, please be advised that buying or selling this security may constitute trading "on the basis of" material nonpublic information prohibited under Section 10(b) of the Securities Exchange Act of 1934 and Rules 10b-5 and 10b5-1 thereunder. Violators of these laws are subject to civil and criminal penalties.
What is insider trading?
Illegal insider trading refers generally to buying or selling a security, in breach of a fiduciary duty or other relationship of trust and confidence, while in possession of material, nonpublic information about the security.
Rule 10b5-1 provides that a person trades on the basis of material nonpublic information if that person is "aware" of the material nonpublic information at the time of the purchase or sale.
Affiliates, insiders, relatives, or other persons in possession of material information should use extreme caution when buying or selling securities on the basis of material information, particularly in securities where the company is not making adequate current information publicly available as a matter of practice.
Why does OTC Markets display this warning?
Companies that are identified on otcmarkets.com as having “No Information” may be placing their shareholders at risk of violating 10b5-1 insider trading rules. OTC Markets recommends that investors wishing to place a trade in such securities contact the company to verify it is making adequate current information publicly available.
Where's that MRIB news? All bullshit? Can't say it wasn't expected as well as the continued non-filing of financials. Financials showing MRIB being out of business would kill the end game for MRIB insiders selling off stock.
And as far as that nonsense about Southeast sales, even MRIB lists no availability of Marani in the Southeast not to mention we still have no proof of a license in numerous Southeast states like South Carolina. Just more MRIB fabrication by longs who've lost everything or trying to flip on a blip. MRIB is gone.
I stand corrected... LOL! Maybe we can add an ankle bracelet to the list in the not so distant future.
It would not be unusual if MRIB actually moved to a new location and an actual office. The point is they didn't. Margrit simply shut it down and moved out with no new location and is currently doing whatever she does every day from her home. I can just see Margrit now sitting on the couch in a moo moo, fuzzy slippers, liter of Diet Coke and Cheetos, watching Jerry Springer whilst trying to sell MRIB shares on E-Trade.
I would assume the MRIB records are most likely in a single banker's box sitting on a shelf in Margrit's garage between the bag of potting soil and a garden hose. LOL!
Yes. MRIB and Margrit have been so honest to this point. No dilution, Brazil on its way, financials on time, pleasant sales results, etc. Believe MRIB? Sure. About as far as one can throw a piano. We are dealing with maybe the most dishonest and untrustworthy CEO that ever lived. One that paid herself close to ten million dollars the last six or seven years or so to apply her sixth grade education to a public company's scam.
That would make you one of very few. An average of almost 4 million shares of MRIB have been sold daily for the past 30 days. Of those shares 90% were sold between $.0003 and $.0004. As we have seen over the past six months, the "starting level" of the MRIB PPS drops about $.0001 every month setting new lows. We are now getting darn close to seeing $.0002s.
And I have suspicions that many of the buys at any premium price were simply affiliate trades and traps setup to sell off shares. I also doubt we will hear any news on MRIB or ever see financials again. I would not be surprised that the MRIB and Margrit's silence is on advice of counsel. Events planned months ago is about all they can promote. Anything else for a company that appears to be shut down would be crossing a legal line. One I believe MRIB has actually already crossed to an extent and are probably holding their breath hoping no one sues. Perhaps MRIB is already on the SEC radar and Margrit can't say a word. Who knows?
MRIB went out of business eight months ago. No proof otherwise. Just Margrit selling stock to buy travel, bags, cars, jewelry, etc. We've asked fro proof otherwise and received nothing. OUT OF BUSINESS.
Where is the new office for MRIB?
Yet there is no proof, confirmation or correction of any mistake? Par for the MRIB course. Excuse after excuse. The point is MRIB has no place of business as of this time other than possibly Margrit's kitchen table. They have no cash. They have no employees. Do you have proof otherwise because these are all proven facts.
By the way, information came to me on pretty good authority that MRIB stopped paying everyone in August 2014. Dan Senters was apparently owed quite a bit of money and hung out to dry. I'm told his opinion of Margrit is not nice. Not sure if he'd talk but you can probably call him. He did get another job at C.K. Skagg's, a regional micro brewer in Orange County. Most likely, like Paul Fuegner, he wants nothing more to do with Margrit or MRIB and will not expose himself to the stench and liability that Margrit and MRIB carry.
Well, according to MRIB's own filings they left their office space with a lease still in effect for six months. I'd call that abandonment. So unless MRIB is falsifying their reports and filing fraudulent financials, it is most likely FACT.
Regardless, it cannot be denied FACT that MRIB moved out of their offices with no new location and someone who is now "talking" to Margrit and has supposedly signed a NDA with MRIB has confirmed such claiming Margrit is working from her home. The legality of operating a spirits import business from one's home is highly questionable but that's all MRIB has at this point, FACT.
Bottom line is that we have seen absolutely no proof that MRIB has been operating an ongoing business for the last six months other than the existence of a website and a couple of social media outlets, none of which are very active. Conversely, there is a plethora of evidence that MRIB has in FACT, gone out of business and ceased operations. Far too much evidence to ignore.
Estimating sales is also not difficult. Three of the four retail outlets MRIB has left have real time inventory reporting. Costco, Total Wine and Remedy Liquor. Oddly, only Remedy Liquors in "little Armenia" in Glendale, CA has sold more than three cases in the last three months. Costco had 16 cases on hand two months ago at Burbank. Couldn't find it at any of the other five locations. As of today, I called and they have 90 1L bottles on hand. So there's six bottles sold! LOL!
Is it my opinion that MRIB reported no cash on hand in their last financials? Abandoned the offices at the end of the year? Let go of all the employees in 2014? Reported a 40% decrease in sales and only $2000 a month in net sales in their last report? Lied about dilution and toxic financing? Lost 8 of 14 Costco locations? Lied about $100 million in foreign contracts on numerous occasions? Spent $300,000 in expenses last reported quarter with no office, sales or employees nor a dime on any marketing or advertising? Have blown through $30 million while selling virtually nothing? Had a CEO that received over $4 million in compensation for five months of supposed employment while the company was shut down and continued to be for the following four years? $3 million in debt? Almost $300K in payroll tax liability? I could go on forever. The list is endless.
These are not opinions my friend. They are cold hard facts. MRIB is clearly a scam run by an Iraqi gypsy thief and sociopath and her family. Always has been. They ran the con game twice, in strikingly identical fashion, making it all that much worse. Given the numbers involved and the growing number of connections to other crooked entities and individuals I'd say it's a matter of time before MRIB is on the radar of the authorities. Margrit's silence tells me they probably already are. And by the way, the vodka is not that great.
I wish I had a nickel for every time you've said that. THere is no news for MRIB other than bad. They are out of business. Let's get our heads out of the sand and face it.
Haven't you been saying that for months? How does MRIB with no offices, no employees, no reps, no retailers, no distributors, no advertising, no marketing and no cash and basically no sales make a move upward? What do MRIB investors have to look forward to? Lies posted on the internet about fictional sales and reps in the Southeast? Soon to be $4 million in debt? Talk about the fictional Brazil deal again? Just like India in 2009 before MRIB went silent for four years but not after Margrit paid herself $4 million.
Sorry, Margrit's kitchen is not the birthplace of the next Grey Goose. It's the tomb of MRIB. She's out shopping and having lunch in Newport Beach most likely laughing at the bagholders she took for $30 million. Looks like she made a $5000 ATM withdraw yesterday. Should cover a day of shopping and a nice lunch at the beach.
If you check the inventory at the few MRIB retailers left you'll find sales of less than $1200 for the last quarter. Costco stores are reporting no inventory so I'm not sure that MRIB isn't out altogether. I need to call a couple of other stores. Anyway, $1200. Think about that. Three months of sales for the cost of a set of tires. LOL!
Yes. That's the two leftover Marani cases from the film festival that MRIB couldn't even give away. Why didn't anyone from MRIB show up? Because they committed to it a year ago for the PR, sent some materials way back when and since they have gone out of business. But MRIB got a little publicity for some stock sales and trying to get people to believe they are still in business believing this nonsense event as anything of substance. A non-attended event where two thirds of the program was cancelled and the rest was showing a bunch of second rate short movies that have been peddled and circulating for years eeking out a couple grand supposedly earmarked for charity but never seems to make its way to any charities. Pretty scummy operation.
Yes. An absolutely lame for profit promoter event (like all the other MRIB events) where they cancelled the majority of events and had the attendance of a junior high school field hockey game. Not to mention the event was committed to and PRed more than a year prior. No one from MRIB even showed up as I posted pictures of the promoter working the booth with that "fancy" twenty dollar banner and push up tent as well as his pleas on Facebook for volunteers to work the Marani lounge. All for naught as no one showed up there either and they sent the leftover vodka to some liquor store associated with the tourism bureau.
And what would be the response or excuse for MRIB not having reported this last report and for that matter not even bothering to file an extension? It sure looks like there is little intention of filing and follows the same pattern the last time MRIB shut the scam down. Just sort of went silent and disappeared. We're going into a tenth month of silence and with little to no news during that time. This to add to the fact that MRIB investors have absolutely no information about the operation for the past six months. Not even something to confirm the company is even operating other than the existence of a web site. And we all know not anyone can get a website or Facebook page. LOL?
We may see $.0007 but unfortunately, I doubt any commoner will get the opportunity to sell MRIB anywhere near that level. But the dog and pony show is on and the trap is being set up. Look for a large dump in the next day or two of trading. The seller/dumper needs folks to actually believe there's a chance to get $.0007 so they can dump those $.0003s to folks thinking they are going to double their money. But in the end we will just get a larger bag holder interest.
The MRIB debt was on the last report as was the new debt maturing this month. How can that be called an opinion? As for sales? What does no new retailers or distributors represent? What about a 40% decrease in sales? How about no sales force? Either Margrit can't sell this stuff or she isn't even trying. Most likely the latter.
And while all companies carry some form of debt it's not 1500X sales! That's an unrecoverable financial position let alone for a company with no employees and no sales. Is there really anyone delusional enough to believe that MRIB could sell 100 containers plus with Margrit working a phone from her kitchen? Because that's the least it would take. The last "big" sale was Total Wine. All of five cases. WOW! Another 140,000 cases and MRIB is on its way! LOL.
Ok. Let's say we create a mirror of the whole MRIB model. A website, Facebook page and a Twitter account all promoting Chowder Head Vodka. We even create a couple of other fictional web sites for vendors like Katmandu Distillery and Imaginary Brands. We can throw in an attorney affidavit from Dewey, Cheatham and Howe as to the authenticity of all reports and PR. Now that's got to be factual, right? Could be done in a couple of hours for no cost but the domain name.
So the only proof that MRIB is in business are the existence of three free of charge social media outlets? How many insolvent defunct companies have web sites? Just a few I'm sure. The fact that that'it's the only proof or evidence of MRIB NOT being out of business is pretty sad.
And as I've repeated a number of times, while MRIB has not filed for bankruptcy, they are clearly insolvent as revealed in their last filed financials with zero cash on hand and roughly $3 million in debt not to mention the incredible $30 million accumulated deficit. They also very clearly closed their doors moving out of their offices at the end of the year and did not establish a new place of business. As of the first of the year all of the employees left or were let go leaving MRIB an empty shell with only Margrit. Is she trying to sell product? I doubt it. Sales for the last reported quarter were down 40% and there were no new distributors or retailers sold while losing more than half of their Costco locations. Doesn't sound like there's much selling going on and I think we all know Margrit is really incapable of doing so after 14 years of miserable failure.
A web site, Facebook page and Twitter account does not a company make. Just static remnants of a scam now completed, abandoned and shut down leaving investors licking their wounds. The evidence and proof you ask for is there for all to see. All confirmed and/or reported by MRIB themselves. MRIB silence, while not true proof of the shut down, is all the more indicative that MRIB has in fact gone out of business. And as far as money laundering, I've always said that was a theory. And there's a lot of evidence of shady vendor relationships including requirements to wire money overseas to what appears to be fictional companies. I guess the big piece of evidence would be the $30 million spent. Where did it go? Wine Plant, Zodiac, Eco Investments, National Capital, NovaNet, Broadcast West, Margrit Enterprises International? It's all very suspicious.
Be careful Popye. That's the trap they keep setting. But the higher volume trades at premiums are a setup. They're closed end trades between affiliates. Not for the public. Just for show to keep or get folks interested and to support exactly what you said you would be interested in seeing. End of the day when you go to try and sell at those premium prices you'll get shut out with no demand and left a bagholder at $.0003-.0004. The paint at the end of the day today was a setup for the next few days of dumping. Don't get sucked in.
And stories about distribution and new retailers are not true as we can clearly see from reluctance to provide details or support. A picture of two leftover donated cases of Marani at a tourism board sponsor's liquor store is just lame. They couldn't even give the stuff away.
And let me ask this. If you were a potential retailer or distributor for MRIB and knew the history of false claims and non-delivery of market and advertising support would you put a dime into MRIB product? No branding, no advertising and no marketing and you're going to go out on a limb to stock it hoping it somehow magically sells itself? Sorry. Not going to happen.
Experienced traders know that MRIB is insolvent and bankrupt. Just a matter of time before it runs to zero.
Does it matter? MRIB went out of business in October along with Zodiac Brands (Marketing arm), Eco Investments (Financier), National Capital (financier), NovaNet (stock promoter), Wine Plant of Eraskh (distiller) and a myriad of other shell companies and fake vendors.
It's a secret! LOL. Don't want any MRIB competitors to know... potential customers either! LOL. There is little to no truth in any of it. Just a last ditch effort by MRIB to give signs of life for underwater longs and keep any level of interest and trading in MRIB alive so the last of the inside scamsters can dump whatever they have left. Company is out of business and even they won't deny it! No "real" anything left other than debt, a warehouse full of over paid for unsellable vodka and lost investments.
As I said last week. I have a number of offices in Georgia (Atlanta area) and Florida (Tampa and Orlando areas) with a new business I just purchased (made more money in one week than MRIB made in 14 years! Not difficult. LOL). Give me a location and I will have someone check it out, get some pictures of those pallets and shelves supposedly stocked with MRIB product.
Reluctance or failure to deliver the goods will give us resolution and confirm MRIB has nothing going on in the Southeast and that all the MRIB claims are strictly fabrications trying to keep people interested in the stock like something is actually happening. We don't even have proof the company is still in business as many times it's been asked for. The company itself won't deny it!
These claims about the Southeast are entirely unsubstantiated and unsupported. Furthermore, the source of these claims made identical MRIB claims numerous times since the fall of 2013 all of which turned out to be untrue fabrications. The reluctance to name te MRIB retailer and/or distributor is an obvious indication that none exist. This really needs to stop or the source needs to provide some names and locations. Why would anyone let alone an MRIB long want to keep it secret unless it was a fabrication that would just make MRIB look even worse that they already do? We also have yet to see a license from South Carolina which we were refuse proof because "it is too easy to find". What nonsense.
MRIB couldn't sell in California and there's no reason to believe they can sell anywhere else with even less resources. Please do tell how the Southeast is different for MRIB? New reatailers that have not yet been burned with stories of national reps and national advertising? Fresh meat for the MRIB vodka selling part of the scam? MRIB sells another couple of cases here and there with promises of marketing support and then nothing comes and the crappy bath tub vodka sits on the shelf unsold for five years? And yes, Marani is no premium vodka. It's churned out of some contract distiller as cheap as possible and labled as premium. That's why you can get it for $7.99 a bottle at some places under a different name.