Marani Brands Inc. (MRIB)

[HowToBeatTheSystem]

CJ - Read Again > Another point of concern is the issuance of shares through conversion of debt. On February 4 3.6 million shares were issued at a price of just $0.007 each. On March 5 another 27 million shares were issued to a note holder and while these shares were restricted twenty days later MRIB issued 6.5 million free trading shares. As of March 31 the company had 459 million outstanding shares. However, the Schedule 13G statement filed on March 18 reveals that Bodie Investment Group have the right to receive 41.7 million common shares which represent around 1% of this class of shares. This means that on a fully diluted basis MRIB may have around 4.1 billion common shares. Read The Whole Thing > http://www.hotstocked.com/article/87827/marani-brands-inc-otcmkts-mrib-drops-below-1.html