Marani Brands Inc. (MRIB)

[Matthew Berg]

That's wrong. Your confusing a letter of credit with a line of credit. I'm sure that was MRIBs intention for you to think or believe such but it is inaccurate. A letter of credit delivers nothing but a guarantee of payment for delivered product under terms in the case of default and only after default. For all we know those terms could be full recourse. They pay for what they sell and they don't have anything to sell so the letter of credit is worthless. No one in their right mind would grant Marani credit. They've already defaulted on a million dollar line of credit. One thing for sure its not a credit instrument where MRIB will get cash up front. So where will the money for operations and payroll come from? Where will the money for national ads at $20,000 a pop come from? How will they pay the $3000 a month in car payments when they can't sell that much gross in Costco in a quarter? Hiw will they pay down the now $2.5 million in current debt? How about the $250,000 plus in delinquent payroll taxes? How about their lawyer in the Bodie case? Let's not forget the 30 national sales reps. Not looking good or even possible. Looking very 2009. Turn off the lights, buckle up and drive home safely.