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.
Is breaking "support levels" because no one is placing bids. In the other hand, no one is selling neither. Vol is too low and the diluter MM is not present today. Therefore, this can go up very fast.
Financials are due today, but it's not required.
Don't be fooled by those that have a plan. Do your own DD, the company is moving forward with their biz plan. Good luck
Yup! Its coming together, right before the holidays...
I told you! Hope you listened...
BUY EVERY SHARE YOU CAN!
BOOOOM! Great Money TV! Dan Killed it!
- Margrit is on a plane to Brazil and should be there probably by now. Ready to sign contract and product will be shipped right after.
- COSTCO is doing really well, they partnered up with a demo company to present at different COSTCOs. They had some demos over the weekend, the presenters and distributors are scrambling to get bottles because they are selling well. They were couple COSTCOs that weren't doing as well as the others, but with the demos over the weekend, they were able to raise awareness and create excitement
- Commercial looks amazing and will be aired nationally and internationally. They will be launching them pretty soon. I believe next week.
- Exciting times ahead... 4th quarter will be a monster!
Go MRIB
http://vimeo.com/m/105938343
Bam! Nice job Dan Santers...http://vimeo.com/m/104057848
COSTCO reordered, everything else is speculation.
Great day to add shares... Right before a major run. Commercials will be aired anytime, purchase of new container is happening. Get ready for it!
MRIB
Yup, they are in trouble. They had only covered a fraction of what they need to. pLus they accumulated more shorts shares in order to drop the price. I bet they will put a wall below the daily MA20 to keep a range for covering. Its a huge gamble since they are getting limited with time. If I would have been short with that many open short positions, I would probably have done something similar, the only issue is if no one sells, the only shares they will be able to use for covering will be other short shares sold by another one. at the end, its very likely one of them or multiple of them will get burnt.
The cycle of the chart is also reseting and turning bullish, if it closes near where it is right now, watch out. Daily Full stochastic are about to cross each other, MACD is also at a turning point from the low. There is a strong base support in the mid to low .06s which has been tested multiple times since the past 3-4 weeks. BBs are pinching and could cause a break out anytime.
Good luck NTEK
NTEK is currently on the RegSho list. Over 2.6 Million shares need to be covered ASAP or the broker who released those shares for borrowing will have to purchase them back. So, shorts will try to buy some time by tanking the price and cover at much lower price. The are out of time, if news about divis hit the wire, they will have to pay for those dividends them self as well. Don't worry, it will bounce back strongly with their covering.
NTEK
Anyone who's short, please be careful. Possibly this week if a PR drops with an important catalyst, it could hurt you very bad financially, specifically those who have failed to deliver your positions... I am not kidding, I am very serious. I seen it before, and heard of hedge funds going bankrupt for getting caught with way too many open short positions. I suggest you to cover before the big news hit. We are getting very close to some of those catalysts and you have failed to deliver your positions. If dividends get announced which is an upcoming catalyst and you failed to deliver the position, you will be required to pay for that dividend. Retailers will be announced shortly from here, information about current sales, and many other. You have at the latest 7 days to deliver .5% of total outstanding, which is over 2.6 Million shares. No one is selling into the bid, you could get trapped and will hurt you. Good luck and be smart about it.
Symbol Security Name Venue Reg SHO Threshold Flag Rule 4320 Flag
NTEK NANOTECH ENTERTAINMENT, INC. OTC Link Yes No
http://www.otcmarkets.com/market-activity/reg-sho-otc
-----------------------------------------
III. Regulation SHO
Compliance with Regulation SHO began on January 3, 2005. Regulation SHO was adopted to update short sale regulation in light of numerous market developments since short sale regulation was first adopted in 1938. Some of the goals of Regulation SHO include:
Establishing uniform "locate" and "close-out" requirements in order to address problems associated with failures to deliver, including potentially abusive "naked" short selling.
Locate Requirement: Regulation SHO requires a broker-dealer to have reasonable grounds to believe that the security can be borrowed so that it can be delivered on the date delivery is due before effecting a short sale order in any equity security.6 This "locate" must be made and documented prior to effecting the short sale.
"Close-out" Requirement: Regulation SHO imposes additional delivery requirements on broker-dealers for securities in which there are a relatively substantial number of extended delivery failures at a registered clearing agency7 ("threshold securities"). For instance, with limited exception, Regulation SHO requires brokers and dealers that are participants of a registered clearing agency8 to take action to "close-out" failure-to-deliver positions ("open fails") in threshold securities that have persisted for 13 consecutive settlement days.9 Closing out requires the broker or dealer to purchase securities of like kind and quantity. Until the position is closed out, the broker or dealer and any broker or dealer for which it clears transactions (for example, an introducing broker)10 may not effect further short sales in that threshold security without borrowing or entering into a bona fide agreement to borrow the security (known as the "pre-borrowing" requirement).
Temporarily suspending Commission and SRO11 short sale price tests12 in a group of securities to evaluate the overall effectiveness and necessity of such restrictions. The Commission will study the impact of relaxing the price tests for a period of one year.13
Creating uniform order marking requirements for sales of all equity securities. This means that orders you place with your broker-dealer must be marked "long," "short," or "short exempt."14
IV. Threshold Securities
A. The Basics
1. What is a Threshold Security?
Threshold securities are equity securities that have an aggregate fail to deliver position for:
five consecutive settlement days at a registered clearing agency (e.g., National Securities Clearing Corporation (NSCC));15
totaling 10,000 shares or more; and
equal to at least 0.5% of the issuer's total shares outstanding.16
Threshold securities only include issuers registered or required to file reports with the Commission ("reporting companies").17 Therefore, securities of issuers that are not registered or required to file reports with the Commission, which includes the majority of issuers on the Pink Sheets,18 cannot be threshold securities. This is because the SROs need to look to the total outstanding shares of the issuer in order to calculate whether or not the securities meet the definition of a "threshold security." For non-reporting companies, reliable information on total outstanding shares is difficult to determine.
2. Who is Responsible for Identifying Threshold Securities?
Regulation SHO requires the SROs to disseminate a daily list of threshold securities where such SRO, or its market center,19 is the primary listing venue for any such security.
http://www.sec.gov/spotlight/keyregshoissues.htm
Anyone who's short, please be careful. And pray that no PR gets dropped over the weekend, or you will be toasted...Next week if a PR drops with an important catalyst, it could hurt you very bad financially, specifically those who have failed to deliver your positions... I am not kidding, I am very serious. I seen it before, and heard of hedge funds going bankrupt for getting caught with way too many open short positions. I suggest you to cover before the big news hit. We are getting very close to some of those catalysts and you have failed to deliver your positions. If dividends get announced which is an upcoming catalyst and you failed to deliver the position, you will be required to pay for that dividend. Retailers will be announced shortly from here, information about current sales, and many other. You have at the latest 7 days to deliver .5% of total outstanding... Good luck and be smart about it.
Symbol Security Name Venue Reg SHO Threshold Flag Rule 4320 Flag
NTEK NANOTECH ENTERTAINMENT, INC. OTC Link Yes No
http://www.otcmarkets.com/market-activity/reg-sho-otc
-----------------------------------------
III. Regulation SHO
Compliance with Regulation SHO began on January 3, 2005. Regulation SHO was adopted to update short sale regulation in light of numerous market developments since short sale regulation was first adopted in 1938. Some of the goals of Regulation SHO include:
Establishing uniform "locate" and "close-out" requirements in order to address problems associated with failures to deliver, including potentially abusive "naked" short selling.
Locate Requirement: Regulation SHO requires a broker-dealer to have reasonable grounds to believe that the security can be borrowed so that it can be delivered on the date delivery is due before effecting a short sale order in any equity security.6 This "locate" must be made and documented prior to effecting the short sale.
"Close-out" Requirement: Regulation SHO imposes additional delivery requirements on broker-dealers for securities in which there are a relatively substantial number of extended delivery failures at a registered clearing agency7 ("threshold securities"). For instance, with limited exception, Regulation SHO requires brokers and dealers that are participants of a registered clearing agency8 to take action to "close-out" failure-to-deliver positions ("open fails") in threshold securities that have persisted for 13 consecutive settlement days.9 Closing out requires the broker or dealer to purchase securities of like kind and quantity. Until the position is closed out, the broker or dealer and any broker or dealer for which it clears transactions (for example, an introducing broker)10 may not effect further short sales in that threshold security without borrowing or entering into a bona fide agreement to borrow the security (known as the "pre-borrowing" requirement).
Temporarily suspending Commission and SRO11 short sale price tests12 in a group of securities to evaluate the overall effectiveness and necessity of such restrictions. The Commission will study the impact of relaxing the price tests for a period of one year.13
Creating uniform order marking requirements for sales of all equity securities. This means that orders you place with your broker-dealer must be marked "long," "short," or "short exempt."14
IV. Threshold Securities
A. The Basics
1. What is a Threshold Security?
Threshold securities are equity securities that have an aggregate fail to deliver position for:
five consecutive settlement days at a registered clearing agency (e.g., National Securities Clearing Corporation (NSCC));15
totaling 10,000 shares or more; and
equal to at least 0.5% of the issuer's total shares outstanding.16
Threshold securities only include issuers registered or required to file reports with the Commission ("reporting companies").17 Therefore, securities of issuers that are not registered or required to file reports with the Commission, which includes the majority of issuers on the Pink Sheets,18 cannot be threshold securities. This is because the SROs need to look to the total outstanding shares of the issuer in order to calculate whether or not the securities meet the definition of a "threshold security." For non-reporting companies, reliable information on total outstanding shares is difficult to determine.
2. Who is Responsible for Identifying Threshold Securities?
Regulation SHO requires the SROs to disseminate a daily list of threshold securities where such SRO, or its market center,19 is the primary listing venue for any such security.
http://www.sec.gov/spotlight/keyregshoissues.htm
WOW! AMAZING DD! Thank you for putting this together!
MRIB
Last post of the day. Are you sure? CDEL can't short penny stocks, neither ETRF. I think might be the company trying to buy shares or other large players... Interesting to watch though...
YUP, CDEL is back and wants 500K at .068. Who's going to feed him? Now its NITE at .0695... Never mind... Now its gone. LOL! Its taking down .0699 LOL! Fun to watch this... Now its CDEL
Just watching LEVEL 2 here. I am not sure if anyone else noticed this, but there are some large players messing around on the bid. First there was CDEL with 480K @ .066, then it disappeared, NITE appeared at .067 with 500K, then it disappeared, then ETRF appeared at .068 with 500k, then disappeared, then ATDF appeared on .069 with 500K, then it disappeared, then NITE appeared again at .069 with 500K, then it disappeared again. I won't be surprised if at the end of the day Vol increases substantially. I don't own any shares of NTEK, but I am thinking about getting some. Good luck
CHOOO CHOOO! Im hearing this train is leaving! BIG Investment group, Silk Dynasty and other smaller groups are getting excited about MRIB... Over 20k followers... Friday no one sold to the massive bid at .018, I would like to see someone trying to short it! LOL!
Shorty Shorty poop poop! better cover or this train will run you over!
Remember, COSTCO asked Marani Brands to continue their distribution process at stage 2 as a result of outstanding sales of product, means more COSTCOS and more product on tha shelves!!!
750 ml bottles are 100% paid for!
MRIB
Hi Chuckloves, The reason why your couldn't find the product is because you asked for "MIRANI Vodka"... The name of the products is "MARANI Vodka". Go and try again, I promise you will find it. Im sorry you wasted your time taking that trip, maybe next time you will have better luck.
MRIB is set for a nice pop this week
Hi kayakzz, I understand your concern...
If you have been in this stock since 08-09, you must have taken some pretty horrendous losses.
I hope you weren't invested in 2009 or you probably would have to hold your investment or pull out for a loss, but the truth is you would have to trust the new company and the new and more experienced management. I have done quite a lot of dd on this company, I have talked to the company as a matter fact and to a lot of investors that have been in contact with the company much longer than me, including someone that invested back in 2009. EVERYONE, EVERY SINGLE PERSON have a similar view about the company and where it currently stands. A fact is logistically is in a much better position that how it was back then (PPS was $2 at some point), in which restructuring was the reason of going dark for few years. Restructuring has been accomplished and it's finally profitable with very low operational expenses.
The problem is without any public filings that are sworn to, with criminal and civil penalties forcing honesty, how do you know the truth from a lie? Margrit says she sold 50K bottles in 2014, how can you gauge if that is true.
99% of penny stocks are the same, so what is new? Form 15s, Pink Sheet, etc. In that case, you will have to trust the company, email them, call them. They usually are pretty quick responding. Even audited companies can lie. I mean, take for instance PH#T, A#GY all the way to ENRON, World Com. So, Audited financials or sworn in docs can't always cut it. Therefore, seeing someone in a video such as Money TV, might cut it for now. I know Marani Brands haven't been the best at forecasting certain events, but in reality, they have come through 100% sooner or later. Another fact, they predicted the product being at COSTCO the second week of June, they actually were earlier by few days. The container shipment arrived 2 weeks prior of what they projected. So, what cuts it for me its seeing the product at multiple COSTCOs its a fact that the company is actually doing something... Where many penny stocks with a much larger float that have no product for sale yet have a much higher PPS.
On top of that, shouldn't the focus of the company be selling vodka. Why do they focus on Money TV and Facebook to boost shareholder interest? There is only one possible reason they would bother with that. They are either directly or indirectly selling shares. It is the only possible reason.
Well, that's 100% your own speculative opinion, it is not a fact. IMO they use Social Media because that is one of the best ways to create marketing and awareness, Ps, I mean, you forgot twitter as well.
Last financials show a very light increase of the O/S. 6.5M shares (No Big deal at all). The A/S remained 700M in which is considerable a fairly small float. Heck, they even show revenues for one week of sales.
I invest in this company because I trust my DD, thats it. If they need to sell shares within a reasonable amount in order to execute certain logistics, then let them do it. They will make me more money in the long run. I rather that, than getting into toxic financing such as ASHER, etc.
Good luck and hope this clarifies some of your concerns.
SURETRADER
MRIB
BS! Misinformation all over your post!
The daily short numbers for MRIB numbers I gave and posted on the OTC site are the exact same numbers the SEC site Finra gives out dialy. The OTC site is far easier to read as they are all lined up but here is the Finra site where you can look up all big boards and all penny stocks shorted daily and clearly see the numbers are exactly the same.
http://regsho.finra.org/regsho-Index.html
Really no daily shorting in MRIB? This is what FINRA thinks:
Daily Short Sale Volume File
For each trading date, FINRA will post on its web site the daily short sale volume file within a reasonable amount of time after the end of regular trading hours on that trading day.
As a general rule, aggregate short sale volume for equity securities executed and reported to any of the FINRA Facilities during regular trading hours will be included in the file.
The daily short sale volume file will provide information on the aggregate volume of short sales reported to a consolidated tape out of the total volume of executed trades during regular trading hours on each trading day.
While members generally are required to report trades in equity securities to FINRA within 90 seconds, a firm could improperly delay reporting of short sales until well after the close, which would result in the under-reporting of over-thecounter short sale volume.
Delaying the reporting of trades for such a purpose would be considered a violation of the applicable trade reporting rules and Rule 2010 (Standards of Commercial Honor and Principles of Trade).
FINRA will not be including non-tape reports in either the daily short sale volume file or the monthly short sale transaction file. Accordingly, in those instances where the short sale indicator is only included in the related non-tape report, the short sale data published in the daily and monthly files may be under-inclusive. Similarly, the published figures will not include odd lots since these transactions are not disseminated to the consolidated tape. - FINRA
WOW!
MRIB
Ya whatever, the amount of shares shorted is a fact whether or not the website promotes stocks... And the amount of shares shorted is abusive... over 70% really? The truth is Foreign funds invest tons of money to short penny stocks, and Canada has tons of them. When the shorts have to cover, someone else buys their short position and the covering date becomes infinite until Longs get tired and fill the covering positions by selling at a much lower price taking a loss in many instances... And that is a fact!
Hi Silverfox22, great post! I definitely will be rocking a shirt as well! This company is SOLID!
MRIB
SHORTY IS GOING TO BURN TODAY HARD! WHALES ARE WATCHING! COME ON SHORTY SELL INTO THE BID! THEIR SHORT POSITIONS STILL OPEN AND THEY ARE HUUUGE... SQUEEZE IS COMING!
ROFLMAO ROFLMAO ROFLMAO ROFLMAO ROFLMAO ROFLMAO!!
HERE IS THE PROOF
Historical Short Selling Data For MRIB
Date VolShorted High Low Close ShortVol RegularVol
Jun 18 40.15% 0.02 0.02 0.02 879,330 2,190,149
Jun 17 61.73% 0.02 0.02 0.02 509,158 824,858
Jun 16 27.98% 0.02 0.02 0.02 421,130 1,505,282
Jun 13 7.53% 0.02 0.02 0.02 274,400 3,642,677
Jun 12 12.78% 0.02 0.02 0.02 242,000 1,894,072
Jun 11 21.77% 0.02 0.02 0.02 1,054,344 4,842,145
Jun 10 42.68% 0.02 0.02 0.02 597,952 1,400,921
Jun 09 36.01% 0.02 0.02 0.02 1,744,838 4,845,234
Jun 06 14.02% 0.02 0.02 0.02 655,710 4,677,375
Jun 05 28.18% 0.02 0.02 0.02 588,981 2,090,048
Jun 04 15.30% 0.02 0.02 0.02 275,220 1,798,358
Jun 03 17.98% 0.03 0.02 0.02 463,771 2,578,665
http://otcshortreport.com/index.php?index=mrib&action=view#.U6JGyiic-fR
MRIB
ITS NOT A DILUTER, ITS A SHORTY! Yesterday's short was over 40% and before yesterday was over 61%. Volume is coming today hard! They will be forced to cover sooner! There are whales watching from the sidelines... Watch what will happen after lunch at the latest
otcshortreport.com/index.php?index=mrib&action=view#.U6JGyiic-fR
EVERYONE CHECK THIS OUT!!!
TOMORROW WE ARE MASSIVELY GOING TO SQUEEZE THE CHIT OUT OF THESE FOOOKERS! I KNOW COUPLE GROUPS BEEN ALERTED ALREADY... PAY ATTENTION TO THIS... GLAD NO ONE PANIC SOLD! FOR THE PAST COUPLE DAYS WE BEEN UNDER A MASSIVE SHORT ATTACK!
Historical Short Selling Data For MRIB
Date VolShorted High Low Close ShortVol RegularVol
Jun 18 40.15% 0.02 0.02 0.02 879,330 2,190,149
Jun 17 61.73% 0.02 0.02 0.02 509,158 824,858
Jun 16 27.98% 0.02 0.02 0.02 421,130 1,505,282
Jun 13 7.53% 0.02 0.02 0.02 274,400 3,642,677
Jun 12 12.78% 0.02 0.02 0.02 242,000 1,894,072
Jun 11 21.77% 0.02 0.02 0.02 1,054,344 4,842,145
Jun 10 42.68% 0.02 0.02 0.02 597,952 1,400,921
Jun 09 36.01% 0.02 0.02 0.02 1,744,838 4,845,234
Jun 06 14.02% 0.02 0.02 0.02 655,710 4,677,375
Jun 05 28.18% 0.02 0.02 0.02 588,981 2,090,048
Jun 04 15.30% 0.02 0.02 0.02 275,220 1,798,358
Jun 03 17.98% 0.03 0.02 0.02 463,771 2,578,665
Jun 02 23.32% 0.03 0.02 0.02 1,326,836 5,689,174
www.otcshortreport.com/index.php?index=mrib&action=view#.U6JFLiic-fQ
SOLID COMPANY! PRODUCTS AT COSTCO ALREADY! LETS FLUSH THESE FOOKERS OUT OF THIS AMAZING COMPANY... TOMORROW WILL BE A MASSIVE DAY THAT WE WILL ALL REMEMBER!!!
MRIB
THE WEBSITE LOOKS GREAT! EASY TO NAVIGATE AND AMAZING GRAPHICS!
This company is a no Brainer for the amazing potential! The product is already at COSTCO! I look forward to seeing my investment grow many folds.
MRIB
I agree, I do like the website, its very straight forward and easy to navigate, it has great graphics as well. This company has a tremendous potential. I look forward to see it grow.
MRIB
Hi Finale, I am very concerned also with the information you have provided earlier. Again, I am not trying to prove you wrong or right, I am working on my dd while using the boards information. Could you please help?
FinaleSchnaps Thursday, 05/29/14 07:35:51 PM
Re: FinaleSchnaps post# 76200
Post # of 78244
COSTCO, or ANY Business, WON'T deal with a Company that can't even file their quarterly's on time:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=102649879
someone on the board posted a picture of Marani Vodka being at COSTCO already, are those bottles real?
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=103254799
http://investorshub.advfn.com/uimage/uploads/2014/6/9/yjggcCostco.jpg
Thank you for your help
MRIB
Hi FinaleSchnaps, I am not trying to judge you, prove you wrong or find your intentions, I am just concerned with the information you posted before and I would like to get the right information in case you rightfully or mistakenly found something different somewhere else. Could you please help and provide factual information in which Marani Brands have a float of at least 2.4 Billion shares? I am trying to do some dd while using information from the board, but I can't find any factual information. All I was able to find was that Marani Brands has an Authorized share count of no more than 700M shares. Please help!
FinaleSchnaps Friday, 05/30/14 10:53:07 AM
Re: lasernat post# 76253
Post # of 78244
NOPE-1,410,000,000 Shares (AT the VERY LEAST), Most likely much more..
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=102678582
FinaleSchnaps Wednesday, 06/04/14 05:03:49 PM
Re: None
Post # of 78226
MRIB-Estimated FLOAT OS is 2.4 BILLION. NO Proof of anything lower. T/A is gagged on this POS..
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=102893112
Here is also the link you provided for the interim financial report ending in December 2013 in which gives this numbers:
Common Shares
Trading Symbol: MRIB
CUSIP: 5657n106
Par or Stated Value: $0.001
Total Common shares authorized: 700,00,000
Total shares Common outstanding:421,639,026 as of: 12/31/2013
http://www.otcmarkets.com/financialReportViewer?symbol=MRIB&id=116350
And the newest Interim financial report ending in March 31st 2014 shows the following :
Common Shares
Trading Symbol: MRIB
CUSIP: 5657n106
Par or Stated Value: $0,001
Total Common shares authorized: 700,000,000 as of: 3/31 /2014
Total shares Common outstanding: 459,407,489 as of: 3/31/2014
http://www.otcmarkets.com/financialReportViewer?symbol=MRIB&id=122405
Please help! Thanks in advance!
MRIB
This company is awesome! I am sooo glad I bought in Friday and this morning. I can't believe how great their interim financial report looks like. Operation expenses are really low, they are generating profits already. 1 week of counted operations, and the company was able to generate $1,446 in gross profits, that is outstanding. Their debt is totally manageable, the Authorized share count is 700M and the float is way below 500M which is also OUTSTANDING! I believe we have a gem of a company.
GO MRIB
Great Post! Financials look outstanding! Better than expected.
Hi jspyder85, that was a great link you posted. The auditor has to post that note when the company's audited financials show some sort of financial risk from an ongoing debt and expenses. In the case of Marani Brands, it shows a previous debt, a higher amount of growing expenses vs income, in which it was expected on this interim financial statement since CA license was not active until the last week of the first quarter. Amazingly, Marani Brands showed revenues and better yet, it showed a positive gross profit from the only week they were able to distribute.
Another great thing from that note is that its a positive step towards audited financials since they have been evaluated and approved by an accounting firm.
Its not uncommon to see that note in OTC companies. Here is a pretty good explanation: Pay a closer attention to the bold paragraphs.
The Going Concern Principle
The going concern principle is the assumption that an entity will remain in business for the foreseeable future. Conversely, this means the entity will not be forced to halt operations and liquidate its assets in the near term at what may be very low fire-sale prices. By making this assumption, the accountant is justified in deferring the recognition of certain expenses until a later period, when the entity will presumably still be in business and using its assets in the most effective manner possible.
An entity is assumed to be a going concern in the absence of significant information to the contrary. An example of such contrary information is an entity’s inability to meet its obligations as they come due without substantial asset sales or debt restructurings. If such were not the case, an entity would essentially be acquiring assets with the intention of closing its operations and reselling the assets to another party.
If the accountant believes that an entity may no longer be a going concern, then this brings up the issue of whether its assets are impaired, which may call for the write-down of their carrying amount to their liquidation value. Thus, the value of an entity that is assumed to be a going concern is higher than its breakup value, since a going concern can potentially continue to earn profits.
The going concern concept is not clearly defined anywhere in generally accepted accounting principles, and so is subject to a considerable amount of interpretation regarding when an entity should report it. However, generally accepted auditing standards (GAAS) do instruct an auditor regarding the consideration of an entity’s ability to continue as a going concern.
The auditor evaluates an entity’s ability to continue as a going concern for a period not greater than one year following the date of the financial statements being audited. The auditor considers such items as negative trends in operating results, loan defaults, denial of trade credit from suppliers, uneconomical long-term commitments, and legal proceedings in deciding if there is a substantial doubt about an entity’s ability to continue as a going concern. If so, the auditor must qualify the audit report with a statement about the problem.
It is possible for a company to mitigate an auditor's view of its going concern status by having a third party guarantee the debts of the business or agree to provide additional funds as needed. By doing so, the auditor is reasonably assured that the business will remain functional during the one-year period stipulated by GAAS.
http://www.accountingtools.com/going-concern-principle
Hi FinaleSchnaps, thank you and have a great weekend as well.
Hi FinaleSchnaps, that is the question we all have. Will they make it or break it? The product is confirmed to be at certain COSTCO shelves in CA sooner than what was expected, They said after the 12th of June, in which those are really really really BIG news and to give credit to the company, they delivered sooner! Are you familiar with COSTCO sir? COSTCO is a publicly traded company that specializes in whole-selling, they have multiple locations across the US and few other countries. That exposure is key and from what I have seen and read, the VP Dan Santers has a lot of experience and contacts in the industry... That is the one of the toughest parts in the industry and Marani Brands got it covered in the best possible way. I understand the have failed on delivering certain things on time, but to give credit to them, they have delivered what they said they would. Obviously that is why the price is not in $$ range yet, but definitely seems to be undervalued at this time.
I am willing to take a bet that it will sell at COSTCO for many reasons.
1) The bottle is very attractive, comparable or better than most well known brands
2) The distilling process is very unique and so are the ingredients. (I personally love honey and milk)
3) Taste is very smooth and easy to drink. From the general opinion, its smooth enough to drink by itself. That is hard to find in hard liquor products.
4) They launched starting in CA, one of the largest economy world wide. They are expanding as we speak across the US.
5) The price per bottle is attractive and comparable to high end quality Vodka.
I am glad I purchased shares in this company, next week this should lift up due to new increase in confidence about Marani Brands executing their business plan.
Good luck FinaleSchnaps and thanks for providing your opinion.
Hi Lasernat, Thank you for showing this email. That's exactly what I was thinking, I was able to purchase couple hundred shares from today's drop. Good luck and thanks again.
Hi TapePainter, your welcome and good luck with MRIB.
Hi Dj, thanks for your response, but I haven't seen your answer to the question I asked you...
Could you please show some proof about that fellow Bodie not being short and a different reason for him suing Marani Brands?
And to answer your question,
Pink listed companies are not required to disclose any information. And anyone invested in Pink listed stocks should have the mindset that delays and mishaps will occur, but that doesn't mean the company doesn't have potential. It is not the first time I seen a company being late on reporting financials, its not a terrible thing but its not good neither. As a fact, a good amount do report late and should not be new to anyone investing in OTC. Also, from what I seen, first quarter financials are not going to be something special... Right? Since the distribution license got approved almost at the end of first quarter. Perhaps it will show the amount of shares outstanding and the float. To your point, I think people should worry if the Authorized share count gets increased over 700 M. In which that would be a terrible dilution.
But other than that, I like what I am seeing so far. I like the fact of COSTCO carrying this product, and I am not sure if you know COSTCO or if you ever been, all I can tell you is that it is not easy to get into COSTCO. I will keep MRIB on the radar, and will keep looking more deeply into it.
Good luck
Hi Dj, could you please provide a proof that the previous statement is false? Thank you
Hi, I am trying to weigh in the pros vs the potential risks on investing with this company. The pros are very obvious and they look very promising IMO but the cons are not clear and the ones that you are referring are pretty much 99% of the same circumstances OTC companies have in common. Could you please be more specific? Thank you