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.
New video on MoneyTV (plus you can binge watch them all if you like)
https://vimeo.com/search/sort:latest?q=xsnx
The Facebook page should have referred you to http://www.maximumperformanceadvisors.com
Spend Halloween binge-watching MoneyTV. Go MRIB!
http://vimeo.com/search/sort:date/format:thumbnail?q=MRIB
New MoneyTV episode
http://vimeo.com/109881831
While waiting on news updates from MRIB, you can binge watch all 26 MoneyTV episodes at this link, starting with the most recent episode from 2 weeks ago.
http://vimeo.com/search/sort:date/format:thumbnail?q=MRIB
It would be false and misleading to use those terms with respect to MRIB... and I just picked up another 1,000,000 shares this morning.
I picked up another 500,000 shares this morning, and I am looking for more. Weak hands selling at this point, I suspect, as it makes no sense to sell ahead of financials.
An increase in AS was needed because there was not much room left between the OS (600M+ shares) and the AS (700 M shares). However, the increase in authorized shares (AS) does not mean that there has been an increase in outstanding shares (OS), or the actual amount of shares issued and held by stockholders. OS has been increasing slowly over the last year as the company has been paying for some operating expenses with shares. This is normal for penny stocks. We can expect the new AS level (1,800 M shares) to provide for another year or so of growth, IMHO. This does not mean that MRIB is a stock share dilution scam, as some would suggest.
It's dumb to sell at this point. The recent increase in authorized shares (AS) does not mean that there has been an increase in outstanding shares (OS), or the actual amount of shares issued and held by stockholders. OS has been increasing slowly over the last year as the company has been paying for some operating expenses with shares. This is normal for penny stocks. Yet an increase in AS was needed because there was not much room left between the OS (600M+ shares) and the AS (700 M shares). We can expect the new AS level (1,800 M shares) to provide for another year or so of growth, IMHO. This does not mean that MRIB is a stock share dilution scam, as some would suggest.
You haven't lost anything yet. The recent increase in authorized shares (AS) does not mean that there has been an increase in outstanding shares (OS), or the actual amount of shares issued and held by stockholders. OS has been increasing slowly over the last year as the company has been paying for some operating expenses with shares. This is normal for penny stocks. Yet an increase in AS was needed because there was not much room left between the OS (600M+ shares) and the AS (700 M shares). We can expect the new AS level (1,800 M shares) to provide for another year or so of growth, IMHO. This does not mean that MRIB is a stock share dilution scam, as some would suggest.
The commercials won't be playing until Oct 3 at the earliest.
I don't think Marani is in danger of a suspension. To suggest that would be ridiculous, as well as false and misleading.
It is my understanding that MRIB 1.0 was not doing international distribution 5 years ago. Brazil ($40 M), Mexico ($35 M), Dominican Republic ($30 M) are all new under MRIB 2.0
PRs like the one you cite often contain forward-looking statements that do not come to pass on time (in this case, the shipping date). Margrit noted in one of the MoneyTV episodes that the process in places like Brazil, Mexico, and Dominican Republic involves Trademark approval (6 mths), partnership agreement, label approval, distributor agreements, LOC -- all of which can take many months. Some of the international progress was also delayed due to start up of operations in the US (as noted in another MoneyTV episode).
The 30 million Impressions Tour (in 30 days), sponsored by Marani Brands, is performing in Houston tonight (Oct 1) at the Houston Food Bank
http://events.chron.com/houston_tx/events/show/371800721-2014-impressions-tour
Marani filed for and automatically received a 15-day extension for delivery of the annual report.
It would be false and misleading to suggest that Marani's CEO needs to be in jail, and that her actions amount to material fraud. There is no evidence that she is 'hiding big time'.
Another Red Herring, which we should all be distracted by? It would be false and misleading to suggest that ancient history from Marani 1.0 in 2009 is relevant at this point for Marani 2.0
It would be false and misleading to suggest that a container has not been shipped from Armenia to Brazil at this point. The first leg of the journey would be by truck, since Armenia is a land-locked country. Margrit has already stated that "it is on its way". It will not show up in the container ship records until it gets on the boat. The fact that it is Monday afternoon in Armenia has no bearing, since any news releases will come from Marani HQ in California. In any case, no further press release is required.
For folks that only want a bottle or two, your best bet is High Times Wine Cellars on-line:
http://www.hitimewine.net/search.php?mode=search&by_title=Y&by_descr=Y&by_sku=Y&search_in_subcategories=Y&including=exact&substring=Marani+vodka
Well, it seems that you can buy a container load of Marani Vodka on Alibaba.com as we speak.
http://www.alibaba.com/product-detail/MARANI-VODKA-SPIRIT_148482980.html
I will continue to average down every month of so as long as it takes, if I still believe in the company.
Well, we only have one revenue number so far ($2,500), that from the fiscal quarter (ending March 31, 2014). It only represented sales from a few days of activity from one distributor (High Times?). It is anybody's guess what the fiscal 4th quarter and year-end numbers will be next week, but I still predict that they will be x100 to x1000 the fiscal 3rd quarter number. Some have argued that they could not be that high because there was only $100K of product in stock. That is not true, because there was product in the warehouse at the beginning of the fiscal 4th quarter, and at least one container was received during the period (which itself would generate more than $100K in revenue). Let's wait and see what the annual says on Sept 30.
Yes, there were share buyers in the 0.03-0.05 range, and they have recently had the opportunity to acquire more shares at a lower price (i.e., to average down). Stock prices do fluctuate, for those that hadn't noticed. The underlying company (MRIB) is solid, and is in the process of dispelling the fears of the doubters.
It has been pointed out many times on this board that the gradual increase in the issued shares over the last year has been the result of operating expenses that the company incurred. While technically this results in some minor dilution for shareholders, it is also necessary to grow the business, thus growing the pie. There are various kinds of dilution, but MRIB is far from the share dilution scam that you seem to suggest.
See wikipedia for more information:
http://en.wikipedia.org/wiki/Stock_dilution#Share_dilution_scams
It would be false and misleading to suggest that, as you put it, MRIB is a dilution tu#d and investors will loose all of their money.
Well, I don't agree. It does not account for product that was in the warehouse at the beginning of the fiscal 4th quarter.
What makes you think there was only $100k in product? They had product in the warehouse at the beginning, then they got at least one container in addition.
No need to wait on the financials. We know they are going to be good, we just don't know how good. My estimate (provided earlier, which you must have missed) was for 4th quarter revenue to be x100 to x1000 times the 3rd quarter number of $2500.
The link you provided is from MRIB 1.0, which is ancient history circa 2009-2010.
It would be false and misleading to suggest that MRIB is a scam. Do you have facts, that is, facts that a third party could acknowledge were true?
I have no doubts about the company itself, as evidenced by the fact that I currently own more than 1% of all shares outstanding and I will be looking for more.
It is blatantly false and misleading to suggest that entities with zero cost shares are somehow manipulating this market through dilution.
It is hard to estimate what June 30 revenue numbers will show next week. We are in the parabolic part of a revenue curve that is starting from a very low lase. The $2500 revenue number you quote from the fiscal 3rd quarter (March 31) was the first of MRIB 2.0 revenues, and that probably represented only a few days of sales from one distributor (High Times?). My guess is that fiscal 4th quarter revenue will be somewhere between x100 or x1000 the 3rd quarter number.
It is false and misleading to state that MRIB is a 'steaming pile' with an incompetent management team. On the contrary, MRIB is one of the best sub-penny stocks out there, and the new management team has done an exceptional job during the last year to bring MRIB 2.0 to where it is today with a bright future. Ancient history regarding MRIB 1.0 from 2009 is misleading and irrelevant.
It is false and misleading to state that this is a non-reporting pinky stock, with a lying CEO. The annual report for last fiscal year (based on June 30 results) is expected by September 30, 2014, and the fourth quarter fiscal yr results are expected to show considerable gains in revenue above the previous quarter.
It would be false and misleading to suggest that MRIB should not be in Brazil. MRIB has a local partner in the country who knows how to do business there. MRIB is doing business in international markets by selling container loads of product, for which they are paid immediately in cash, half upon shipment, and the remainder once delivery takes place.
New MRIB interview on MoneyTV - Thursday evening, 9/25/14
NY distribution expected 1st wk of Oct. - orders now coming in
Brazil trip was over the top
existing $40M contract can double or triple within the same time period
New offices being opened in Brazil and elsewhere in South America
Product on its way to Brazil
Distillery production can easily scale up as needed
TV commercial - now in final editing, goal is to run it in target markets by mid-Oct
View >> http://vimeo.com/107207596
Perspective. At this stage in MRIB's growth, there only a few dates that can really move the needle because they provide revenue numbers.
June 9, 2014 (MRIB 3rd quarter report issued)
Sept 30, 2014 (MRIB fiscal yr-end report due)
November 15, 2014 (MRIB 1st quarter report due)
February 15, 2015) (MRIB 2nd quarter report due)
So far we have only one revenue number for MRIB 2.0 (that from the 3rd quarter report), but it only represented sales of the vodka for a few days in March 2014 in a very limited number of outlets. The second data point will come in the year end report due by Sept 30 (company officers have said that it will be a pleasant surprise).
Right now we are languishing in a black hole between the 3rd quarter and year end reports. Longs will have their day, but patience is required until more data is available.
I'll drink to that, but it is x10 from where we are now.