Marani Brands Inc. (MRIB)

[Matthew Berg]

Belgian,

As I calculate it the loss carry forward was lost in full. There was a change in control. Number of different factors come into play. First is the transfer from FIT to Marani Brands to Marani Spirits which was at greater than 50%. That cancels out all NOL. Second is the issuance of new stock which was greater than 50%. Either way I doubt that any loss carry forward was protected. Even $20 million gross, $9 million gross margin, $3 million net won't put a dent in the debt or expenses and that's forecasting 4 or 5 years out. Expect massive losses next month so tax loos carry forward is a non-issue.