Yes, a company that Margrit is a past president and officer. So she paid herself for PR? How do you explain that connection? How do you explain payments to a company that she was deeply involved with? How do you rationalize the conflict of interest? That pales in comparison to the ECO INvestments deal. Same board and people on both sides of the deal? Tens of millions of shares passing hands and it turns out it's from one desk to another in huge same office without notification or filings to allow shareholders to review the situation? It all stinks to high heaven of insider malfeasance. Charlie Owen, Deborah Ridge, ECO, NBR, National Investments, Large Investments, et. al. I have no idea who, what or how all these folks and entities are involved but it's got insider swindle written all over it.
I will ask the most important DD question once again as no one has answered it. Where did $30 million go given COG of less than $200,000 and basically only five employees. Can anyone explain that? They ran no national advertising, spent virtually nothing on marketing, did not build a distillery, no capital expense of any sort. Where did the money go? Where is the new money going? Who is benefitting from the huge dilution of shares? Well, it sure does look like it's someone at Red Hill, Tustin, CA. Consider the shares ECO got for almost nothing. Did you pay more than .0001 per share? We'll guess what, a BOD member(s) from Marani got the spread on your purchase price and put it in their pocket(s). Margrit managed to accumulate 40 million or so shares without investing a nickel. Her siblings got a boatload too for doing nothing and investing nothing. Their time and sweat equity? No way. They paid he selves handsomely with every one of your dollars. Margrit even fired herself, created a bogus severance plan and paid herself two years of salary in seven months then hired herself back at full salary and even more stock seven months later. Are you guys kidding me? Plus she vested her shares and options on all her previous zero cost stock which she couldn't have done if she didn't fire herself. It was all a setup but that's what happens with a company with no governance. I doubt a lot of what has transpired is even close to legal and when it all comes to light it will be 2010 all over again. Look for Marani to return in 2020 to give it another go!
AI
