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Tuesday, July 01, 2014 12:59:31 PM
One other thing to mention is a looming problem that has been swept under the rug and generally ignored. That is the back payroll taxes. This is a VERY serious issue that could land the company in very hot water in short order. They're not like income taxes that you can dance around for a while and then send some tax attorney in to settle at a steep discount. They will shut you down in a New York minute for the full amount and slap a lien and garnishment on you without appeal or any other resolve until the full amount is paid. Keep it in mind because that $250,000 listed in the interim report last month (and growing much larger every day with penalties and interest) is now more than their entire listed inventory and shipments for the year. So theoretically, pretty much every nickel in vodka sold from that one container could go straight to the taxman as well as any new shipments until the tax is paid. This would leave Marani with $0 in sales, $1M in debt and no money to pay that $100,000 a month nut. It would be difficult to see that as a company with a pps of $.10 and a market cap of $47,000,000.
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