Friday, October 31, 2014 11:33:26 AM
And about these sales reps, weren't we supposed to see them back in August? MRIB is becoming transparent at least in one way... Deceptive PR. Every week they disseminate vague information, just a collection of dots, and then wait for their supporters to connect the dots for them in the most positive manner. MRIB claims outstanding demand and need for more product for US but they have no retail outlets to speak of. So they issue a PR about sales reps to paint a picture and create the illusion that there's a domestic expansion coming. They did it a couple of months ago and again today. Brazil, same deal. Just a collection of vague dots to be connected to create an illusion. A photo of Margrit in Brazil, the waving of a contract with no terms, an unconfirmed revenue "potential" of $100M but no terms, a FINRA document and product on its way... All the same MO. But then all the stuff never happens. All tall tales.
Sooner or later MRIB integrity will be totally trashed by these tactics. Next quarter sales will be devastating as they will fail to live up to any of the hype. Brazil has now been quietly removed from the equation. Just a bunch of new distractions to try and get people to forget that the only possible source of revenue to carry this pig is a total bust. Does MRIB think people will forget and then believe a handful of retail stores in SoCal is going to make up for the highly exaggerated $100 million sales they forecasted for Brazil that many if not most used as their basis for buying? I think not.
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