Marani Brands Inc. (MRIB)

[Matthew Berg]

Great post. And I agree that the cavalier attitude on this issue is ignorant. It's a very serious issue and the amount due is equal to as much as six months of revenue. Personally I think it's more than they're saying. The taxman does not allow $250,000 in payroll taxes due to sit on the books without penalties and interest. And the taxman is also not subject to usury laws. It's been at least five years and I would bet the interest and penalties could be as much as a million.

It's almost a moot point though. We should have Costco sell through numbers by next week. I doubt they will be on he shelves in August and the fact they have not announced a reorder pretty much confirms that. Had they been successful Margit would be all over Money TV with announcement of a reorder. I also think transparency and disclosure issue are going to catch up with the company very soon.