Marani Brands Inc. (MRIB)

[Matthew Berg]

That is correct Waterchaser. Any financials published are most likely unaudited and simply a courtesy to shareholders. They have no requirements to do such as I understand the rule. The 15G is simply an application to deregister in contemplation of bankruptcy, transfer of ownership, restructuring of stock, etc. in order to become exempt from submitting financials. My problem is it sure looks to me like they're operating like a registered company and not meeting the rules of an exempt company. The certainly are enjoying the benefits of being non-reporting though which should frighten anyone especially given there is no outside corporate governance. Just the family doing deals with themselves and others without transparency to the shareholders. If I could fire myself, give myself a $405,000 severance, take 9 months off to play golf and then hire myself back at a bigger salary along with 10,000,000 shares of stock I issue myself not to mention cut a sweet consulting deal with myself for every dollar raised from paying off debts and raising cash from company stock... well sounds like a good deal to me. That's certainly what it looks like what they've been doing. Sure looks like Margrit has taken in close to $10,000,000 since inception. Don't let her hide behind that $200,000 stated salary. Read the 10Ks. She and family got huge payments in both cash and other considerations. Heck the company pays her $650 a month just for her car and vested every share she promised herself for the next ten years on an immediate basis. That's unheard of. But you have a board of directors with serious conflicts of interest serving themselves at stockholder's expense.