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.
While Margrit Has Done Some Questionable Things
It could be argued that some of it will end up helping long-term shareholders. This is Marani's first quarter of sales. The stock had its huge run this year after the California license was approved. No numbers, no sales, nothing except a license to sell in Cali.
That being said, it's hard to build on the momentum of something like that in the short-term, when the business is still getting its feet off the ground, and lacks the level of publicity to sustain itself on hype.
The drop it experienced was practically inevitable, and it makes it look as if the company tanked worse than it really did. Whether it's low volume, bashing, shorting, bad PRs, or dilution (or a combination of these factors), that caused the drop, it's essentially just back where it started, and without the dilution/obvious insider activity stimulating the volume, it might even be worse, due to so many people holding, not the business itself.
I'd rather they dilute the stock and take in cash in the dog days of summer when no one's trading anyway, as opposed to seeing the stock just get colossally shorted by day traders feasting on the lack of activity. As I've said many times, I don't think Margrit and Dan are exactly Steve Jobs and Tim Cook, but knowing Margrit's PR style from MoneyTV, if she didn't think the next financials would benefit the PPS, she would probably just obfuscate and introduce some new product that won't be out for a year.
I can't say i know MRIB will make it in the long run, but it should be primed for at least one more major run by the end of this year, and it's still in its very early stages of existence. The ones who'll get screwed the most from any dilution or PPS drops are small-time traders who start selling off their shares for cheap in a frenzy, only to have them bought right up by larger shareholders and/or financiers.
Even if their numbers for this coming report are partially fudged with cash that was funneled in etc., that's much more preferable than dealing with the alternative, as they would get an infusion of cash if they could sell shares off at something between .03-.06 cents.
People Just Want Everything At Once
Combine that with the shorting and bashing, and a day like yesterday was bound to happen..... just like it has before, only to rise up a few hundred percent as it continues to get bashed. As frightening as the steady drop may be for some, I imagine many people don't even realize yesterday was one of very few days when it actually dropped when there was high volume, and most of its "decline" has been a result of getting shorted, not getting sold.
I'm surprised it got that low before main street traders started pulling out, and the lack of "news" from the company certainly doesn't help, but some have to realize that most of the fluff is only put out there to appease the exact same people who complain the most. It is what it is, and it might even continue for a few weeks, but much of that has just as much (if not more) to do with the circumstances, as the company itself.
Kinda Like That Time it ran 300%+
From $.007 to $.023, then fell to $.008 before running to $.05?
MRIB at the Same Time in 2013
Obviously 2014 and 2013 cannot be directly compared as MRIB was in much earlier stages of growth at this time last year, but it should still be noted:
In July of 2013, MRIB traded on very low volume coming off of a few months of flatlining, and looked very pedestrian. This continued into the first two weeks or so of August, until it began steadily increasing in mid-to-late August, compounded with much higher volume, as MRIB always struggles on low volume, while rapidly increasing once it hits a certain level of higher volume/percentage gain.
While these notions can seemingly sound like typical OTC cliches and such, MRIB started a run of 1000%+ after struggling around the same time last year, and it is in much better position to do the same this year. The same attacks were tossed around last year, and the same attacks continued, even as MRIB began its mega-run.
I'm not delusional, I understand MRIB is not Apple, and certain dead periods in terms of PPS and trading in general have been worrisome at times, but MRIB is far from dead in the water. This shorting and decrease in PPS may continue on/off for a few weeks or so, but it'll probably cumulate into something much bigger, and all those diluted shares will more than double. No major holder of MRIB shares has sold off any significant amount, be they the company insiders, or the average main street Joe who bought a few million shares to hold.
MRIB's fate will not be decided this year, and probably not even next year for that matter, but it'll certainly end up being fruitful for those who bought and waited. The real potential issue to consider is major traders in a rush to sell once MRIB gets back on its feet, but it is rather pointless to genuinely compare what a stock like MRIB is doing in the dog days of July and August, with what it'll be doing once things start picking up again in the fall. By then, the volume will likely be in the multi-millions, with many more buyers on the horizon, both day traders and new long term holds.
What Do You Expect a CEO to Do?
Sit on her hands and have people complain she's not doing enough to promote the stock? Regardless of what she does, people unhappy with share price [and/or drops] will structure blame around her in any given scenario.
Whether it was intentional or not, she obviously made some believe that the California approval would happen sooner than it did, but she may have honestly been misled by the state commission. Maybe she "lied", but if she did, it clearly didn't help things one way or another, unless she wanted people to start questioning her honesty once it became clear the approval would happen a few weeks after it was expected.
As far as the PRs, all they're doing is trying to reassure the shareholders who aren't so good at reading between the lines, hence why some people are overestimating the value of certain PR announcements, then getting upset when the stock didn't go up in concurrence with every announcement.
Anyone with common sense can comprehend that an up-and-coming company isn't going to be able to get itself 20x-ing in value based on some petty "announcements" that are early precursors to things that can open up sales/new markets, but it's still worth telling shareholders about, just so it doesn't seem like they're doing nothing during the periods when they're focusing on the real business aspects of the company. If they weren't coming out with these PRs, people would still be complaining. So if people are going to complain either way, it's still better to put out these times of announcements, just to reassure those looking for new news of ANY kind.
Some might find that disingenuous, but they should hate the game, not the players. Maybe MRIB will not live up to its "expectations", but it certainly won't be decided this year, and for that matter, maybe even next year as well.
As I've said before, I don't think MRIB is being run by Steve Jobs and Jeff Bezos. But all signs point to it being worth a lot more than it is now in the long run, and nothing really suggests it is worth worrying about at this point. Sometimes people tend to out-think themselves in terms of the factors that will ultimately decide whether they profit from a given stock or not........ especially in times like these when its a quiet period.
Some People Are Expecting Too Much, Too Soon
This is not an established company that decided to go public one day. This is a young company that is still having to develop itself in many areas, and it has not even been through a full quarter of selling its actual product yet. The Brazil contract is not comparable news to the California licensing that approved them to start selling in the primary market they were targeting.
The news regarding new contracts like Mexico and Brazil is certainly good news that should be shared with shareholders, but some of you expect too much if you're genuinely confused as to why the stock didn't rocket up after the contract news/PR video. As said in the video, there is still a process to go through before they'll have the green light to sell in Brazil. Think about the CAlifornia license. The stock floundered for a while as the approval got pushed back a few times, but once it went through, new highs were achieved.
There is a huge difference between announcing contracts that still have to go through rigid processes before anything can be sold, and announcing the actual approval (a necessary precursor) that allows a product to start being sold in a given market.
The reason they are announcing these contracts, even though it does not compound an immediate ability to start selling in the contracted region, is because it is the only "new" news they can offer shareholders in these slower volume periods where the actual work of selling and marketing starts to come into fruition. There's nothing wrong about that, I'd rather have the company focusing on the real business work, rather than feeling pressured to inflate "news" into PRs, so antsy shareholders can reassure themselves that the stock is worth holding.
This is not like investing in Nike or Amazon.com where the companies are huge corporations that are way past the point of experiencing their "major/largest" point(s) of growth. MRIB is not even close to being at its "peak levels", and even if they attracted a ton of positive speculation that tripled the stock in a day of trading, it still would not change the fact that the company is still in very early stages of overall development.
That said, because MRIB is not an OTC stock peddling some potential software or vaccine that may or may not even come to fruition, shareholders are in the unique position of being able to profit from a company that is being built from the ground up, and one that is selling a product that could still sell well enough to bring the stock to levels 10/20/30x higher than its at now, even if it falls well short of its competition.
People should not confuse positive speculation inflating a stock price with the actual work that needs to be put in to affirm that speculation. As time passes, MRIB should only become more stable, more profitable, more attractive to procuring positive speculation, and every other implication that helps to increase the share price.
As far as yesterday, the market has just experienced some of its worse days in years in the last week or so. MRIB can still make positive gains when the major markets are down moderately, but it probably cannot overcome days like we've seen in the last week, especially with certain manipulators ready to pounce on any scenario that can help them drive the price down. People who have followed MRIB for a while now should be able to comprehend that the stock staying relatively stable on days where the market tanked, is an extremely good sign, and something that was not as achievable only 4-5 months ago.
There are many Safeways in MD& DC
and I believe some other nearby Eastern states.
It's Arguably The Best OTC Stock Out There
At the moment. It's not a company peddling something like software, a vaccine that may or may not work, or some marijuana thing predicated on more states legalizing. It went up 14,000% before a product was even able to be sold, it's something that people are bound to buy whether times are good or bad, it's still a young company developing its business structure while starting to sell the vodka, and its chances of going on an upward trajectory are much more likely than the other way around.
The pattern its in now with going up high, then floundering lower for a while, is something I've seen happen with it multiple times, and once there are profits to report, its new highs will be a compounding of sales and positive speculation.
If people are turned off by positive speculation that doesn't coincide with news, then so be it, that's really not going to affect the stock or the company that much in the long run. Every board I've visited on here has had a few negative shorters who spend hours every day slandering whatever given stock is being discussed, and MRIB is no different.
I make a living trading and managing people's money and/or advising them, and I do not delude myself for petty victories that aren't there. I have a lot of my own, personal finances invested in MRIB, and as I've said, if I ever thought there was reason to sell my millions upon millions of shares, I'd do so in a sec, but there isn't, and I doubt that will ever change at any point this year. A few people who obsess over day-to-day losses as a means to mislead potential traders isn't going to change that, and it never will.
What More Can One Ask For With Them?
It's a young company in its first quarter of selling their actual product. It went up high on speculation after the license news, then came back down to earth over the following weeks with nothing notable to report, minus the Mexico deal. The PR/news helps every so often, and it'll probably become less necessary once they start reporting profits. Everything they've said over time has come true, and they've done nothing but go up 14,000% before getting an actual product on the market. Not much more can be asked of a company in this position.
In This Case, It's Not Manipulation
I just cleared a bunch of profits from going on a shopping spree when the market was down huge Friday and Monday, and I'm trying to keep a bid up for MRIB, but I have to cancel it sometimes to make other trades. No doubt there is a lot of manipulation going on daily with MRIB, but the bid/cancel things are just me.
Exactly, But Momentum Will Come and Go
And whether it's an OTC or on the NASDAQ, the big money that controls most of the market usually takes advantage of periods when securities lose momentum, by loading up, shorting hard, and scaring people into selling off. Then they rinse and repeat. As I've said, MRIB may or may not be a success in the long run, but it certainly won't be decided this year, and for that matter, it probably won't be decided next year either.
But based on the status quo, it's much more likely that it makes significant gains, than fizzling out for good. A lot of traders, be it day traders or big-money Wall Street types, often out-think themselves to their own detriment, by complicating the factors that go into whether a stock goes up or not. Certainly not everything can be charted with simplicity, hence the size of the financial industry, but there is no reason for people to delude themselves by coming up with faux-reasons, whether they're positive or negative, that support a viewpoint they're hoping to profit from.
MRIB is a young company that has been working to get to the point they're at now, but that doesn't mean they aren't still taking measures to build themselves up more overall, even with the product finally out there. These things take time, and when they had the security priced at 1/10th of a cent after restructuring, it implies that their plan has been to approach the process "brick by brick", which has worked very well (both for them and shareholders) thus far.
About The Same As Other Contract News Went
over. When they announced the Brazil deal in November, it actually was similar, going down a bit for about 10 days or so, until an explosive gain some weeks later in early December. I can't recall if there was other news or some PR that prompted that as well, but no explosion after a contract announcement isn't really here nor there.
MRIB Genuinely Has a Ton of Upward Mobility
and above all else, it does not carry the same level of risk (at least on the surface, and from more of a business perspective) that many other OTC's do. Like CJ said, MRIB is one of the best OTC finds I've made in a while. I trade heavily in both major and OTC markets, and my biggest regret with MRIB is not putting more in when I first bought it at half a cent, even though I was not planning on keeping it after it hit 1.5 cents.
Although I probably take calculated risks more often than most of my contemporaries, I still try to not hold potentially volatile securities for too long, even when I think they still have potentially higher ceilings to hit. My first goal above all else is not to lose money, and I don't delude myself in any situation, be it good or bad, especially when I'm working with money that doesn't belong to me.
That said, once MRIB hit 1.5 cents, I looked over my notes, research etc., and realized that I would most likely regret it immensely if I didn't stay in for the long haul. I did make a few of my clients money buying in for them at 3/4 of a cent and selling at 1.5, but I upgraded my position from big to huge at the same time, and did the same in the account I manage for my father. We could've both exited with 7 figures in profits once it got to the mid 4s, but I'm truly of the belief that it's worth waiting.
As mentioned, I've also made huge profits from companies without any tangible product, pump & dumps etc., companies that I bought in at 2 cents, and took my gains more than a few times at various levels between 50 cents and a dollar, give or take. MRIB has steadily risen since it restructured at 1/10th of a cent, and I know for a fact they have a real product, given the 4 bottles I have in visual distance from where I'm writing this. I've ordered a few bottles to friends of mine who manage restaurants and/or work in marketing for nightclubs, and so far, this has yielded a restaurant in Burlington, VT that is heavily considering adding Marani to their bar stock.
When one considers it has hardly been a month since they got the license approval that was basically the catalyst for their product to start getting mobilized, there are very few potential negatives to speak of, and a plethora of reasons to think it can't help but go up as it continues to get itself out there and get new contracts, state approvals etc.
I'm a realist, and I don't think MRIB is being managed by Steve Jobs and Amschel Rothschild here either. But I have seen much inferior companies go from similar status quo levels to beyond a dollar etc., and I see no reason as of yet that MRIB can't do the same. I imagine many people here are simply traders who seldom care about a given company beyond their symbol and reading charts, but MRIB is not a software company or a biomedical engineering company creating some new vaccination, it's a vodka company that has done nothing but rise in value since before there was even any vodka to be sold, and is still in the early stages of getting itself established. It's in a great market of vodka that is not incredibly high end, but hardly the cheap stuff coming in plastic bottles either, and even if it had a very disappointing first year in sales that fell short of expectations, it could still end up as something that entrenched itself in the market for the long run.
As someone who follows economics and the geopolitical implications of markets in general among other things, I'm hoping to be out of my entire personal portfolio, including MRIB, by the end of this year. That being said, I try to manage all my portfolios from a year-to-year basis, especially given the state Western economies have been in the last few years. MRIB's float is always going to yield higher highs and lower lows at times, but there is no reason to worry about much of anything if it starts to flounder a little bit on the lower side, especially after it hit a new high as a result of approval(s)/distribution news.
The recent manipulation is so obvious, it's laughable, and obsessing over an OTC stock's day-to-day health when one is invested in it as a long, is rather pointless and a poor contextual perspective to take seriously. I know how hard it can be to stay unemotional about certain stocks, especially after they've given shareholders a taste of what's to come, but if there was genuine reason to worry, I would take my gains for myself and my father and move on, and not think about it for another second. There isn't reason to worry, and I don't think that will change anytime soon. Some downturns combined with a guy spending 6.5 hours a day slandering a company he's shorting might bother some people in the moment, and I understand that, but it's complete illogical and not to mention: An extremely common occurrence on both this website, and the game of trading as a whole.
You Can't Have a Rainbow Without the Rain
MRIB has a low float...... yielding higher highs and lower lows. It did what it was supposed to when the big news regarding distribution came out. Now it's more of a quiet period, which is exactly when profit-takers and shorts have the best chance to strike.
This isn't some faceless software company claiming to have solved world peace. This is a vodka company with a buyable, tangible product on the shelves. They've expanded their ability to create revenue, even while traders force the stock down. Barring something insane out of nowhere, the company as a business has nowhere to go but up at this point. In time the stock will reflect that. This happens to a plethora of stocks, especially up-and-coming companies, all the time.
It will pass 5, and eventually 3 will be a distant bottom. It isn't a coincidence those who are buying seem to recognize this. Sellers are gonna sell, especially in quiet periods, that's how this works.
Probably so they can re-up further down
It Went Up High On Major News
Since they're at the point they've been waiting to get to now, it's a more quiet period, where news can't be a trigger of higher gains. With the float being so low, and the bids/volume down compared to the post-news days, it's being manipulated down until bids and/or pertinent news brings it back up.
This happens with a lot of stocks, especially OTCs, and MRIB is just getting re-adjusted from the highs it hit via positive speculation. It won't last, and it could go down further, but that doesn't change the longer term outlook of the company at this point in time.
While True, That Doesn't Preclude Future Success
I've researched their 2008-2009 days very closely, and their biggest problem was being new to managing a public company, versus a privately-owned one. I don't think they're being run by a budding Steve Jobs or anything, but they obviously made the right move in letting the stock grow from close to nothing, and unlike many OTC stocks, they have a verified, tangible product, and they're much better organized in terms of distribution and finding buyers these days.
They've been true to their word on almost everything, they have a public face and not a shadowy pump-and-dump ghost CEO, and they've been responsible in hiring external help in necessary areas, like Senters, the promotion company, and the law firm on retainer to find and prosecute people like DanTanna (and that isn't hyperbole, that's just what's going to happen).
One of their largest external shareholders bought in at 25 cents, and the stock has displayed very good growth before there was even a product to be sold. The low float means higher highs and lower lows sometimes, not to mention more easily manipulated as a whole, but if it's getting manipulated to just under 3 cents in a period between major news and new highs to boot, it likely means 3 cents will soon be the absolute bottom, and the next run will be initiated. If one looks at MRIB from December, a similar scenario occurred, only they are much stronger now.
For an OTC stock at this price, MRIB has a lot of advantages their contemporaries can't claim, and for the time-being, with Marani building itself as a company, business logic suggests that higher share prices will follow. Obviously if the market was only dictated by business principles, it would be a much different animal, but it's certainly a factor to be considered, and it would take pretty extraordinary circumstances for MRIB to legitimately tank in this current situation.
I'm only concerned about the year 2014 right now, so I have no reason to speculate on their success beyond that, but they look to be going up as long as they continue what they've done in the last few quarters, as the work they were doing then was to get to the point they're at now.
Following the stock day-to-day, whether it's up high or down low, is usually going to provide a bad contextual analysis if nothing else is considered, and panicking over a stock going down for a few weeks after hitting new highs, is a prime reason why most people pay others to invest their money for them. MRIB may not succeed in the long run, but it certainly won't be deemed a success or failure this year, if one is thinking realistically at least.
Anyone Whose Invested in Any Number of OTCs
Should see this as business as usual. Stocks move up and down. OTCs tend to move higher up and further down, and at a more volatile rate. Marani is just getting started. They moved up higher on a sustained run, when people got excited about their product finally getting out and released after a long wait. Now that the excitement has "died down" some, it's an excuse for manipulators to do their thing, especially as interest and volume temporarily subsides.
I remember this same thing happening to various marijuana stocks late last year (among many dozens of others), as news got boring, and manipulators wanted cheaper shares they could unload once the legalization went through in a few states in early January. I rode that wave in buying cheap shares, and used the profits I made in January to buy the new car I was in need of. Thanks to the false panic I took advantage of in November, I was able to purchase a new BMW 5 series (with plenty of funds left over to keep investing in my personal account) instead of the Impala I had originally planned to buy.
It's not a coincidence most people hire others to invest their money for them, hence how I make a living. As I said before, there are never guarantees, but in this case, there also isn't anything to justify panic related to Marani's actual product and business, unless you consider people intentionally manipulating something for profit to be "justified" as something to worry about. The only difference between this scenario and the marijuana stocks, is I'm on the other side of the fence as a long time MRIB shareholder who's going long. I imagine the shareholders from the stocks that were going from 4 to 2 cents then are glad they held on, given they're now worth around 50 and 70 cents respectively.
Certainly all companies and situations are different, but I've seen this happen from both sides of the fence at least 20 times. There's no point in someone holding onto a stock for the long haul, if they're going to engage themselves in unjustified pessimism on a day-to-day basis. I don't blame them, and I empathize and understand the worries, but perspective and logic are always important whether news seems good, bad, amazing, or downright frightening.
Yes, because developing companies with poor web design are simply bound to fail by the laws of nature. Thanks so much for the insight, I'll make sure to put in a sell order, pronto.
It's me, at the request of a client
They're desperate to get it under 4 for some reason, but as a huge MRIBer myself, I was not too pleased with the order. I will try to put in my own bid later on.
Yes that would me buying through Schwab today
The 999999 thing is a pain, but they agreed to cut a lot of my transaction fees, so I try to put in a big bid anytime it starts having a sell off. I'm a lurker here, but everytime there's a bit of a sell off, I'm ready to put in another 999999 bid. Many thanks for your info CJ, and my regards to anyone else helping me keep these bids up.
I'm the Schwab 999999 buyer for the record.
I just sold off a bunch of mutual funds and such, so I suddenly had a lot of capital to play with. That said, I've been in on MRIB since .0075, and I'm no insider or anything, just a big MRIB fan who is expecting to retire at 22 once we hit our mark. Good luck to everyone else, and many thanks for all the info on this board. I've told a ton of friends and clients to bet the farm on MRIB...... I originally only expected to sell at 1.5 cents after getting in at .0075, but I would never forgive myself if MRIB goes where I expect it to.
So what's the endgame for investors?
I've been reading here for a while, sadly I never found this board until after I bought MDBX. I could've taken a huge gain when they were in the 30s, but didn't pull the trigger. A very costly move on my part. Anywho, I called them to see if I could talk to "Investor Relations" and I got called back by some marketing pud who just repeated nonsense from their press releases before admitting he didn't know anything about the stock. So assuming the worst is to come, is a class-action lawsuit etc. a possibility? They told me the famous Vinny was supposed to call me, but sadly we never got the chance to chat. I could take a loss right now, but frankly I'd rather hold the shares so I can partake in any litigation etc., even if it doesn't yield anything.
I'd like to thank all of you who were on point about MDBX from the start, I really wish I had come here before buying. If it's any consolation, I'm not planning on taking this sitting down, and I've already talked to a friend in the mainstream media about picking up this story if they end up going under. I hope it doesn't come to that, but I had also hoped I didn't buy a scam stock, so I guess it evens out.