While the licenses are expiring and the only state they sell in, CA, has already expired, they still have 90 days before the license is automatically revoked which would require them to go through the entire approval process over again.
The major issue is that no reseller can order or buy from them until the license is renewed. My suspicion that Margrit basically shut the company down in October casts somewhat of a shadow on that renewal prospect though. I just don't understand why she hasn't taken any action. IIRC, I think it's $348 for each of the licenses they are required to carry. Is the money situation that bad or maybe the towel has already been thrown in?
It's a small price to pay for just the appearance of being in business and a slight chance of survival versus being shut down from selling altogether as they are currently. And as I read the regulations, they also cannot act as an importer and/or exporter as it relates to foreign contracts like Brazil. Unless Margrit has simply walked away from vodka sales her actions mystify me. She's not even doing what should be done to keep things going for selling stock. Perhaps she is at a point where she has milked it dry. Don't spend another dime and pick up the few final scraps through stock transactions. Good news is that would indicate no need for a reverse split. Bad news is that it would signal the end of MRIB for good. There will be no MRIB 3.0 despite an incredible amount of inventory. I'm sure that inventory somehow or some way belongs to an outside entity. It doesn't even appear on the inventory in the financials. We may never know the status of the last container received. Going on our way to two months late with the final 2014 quarterly results.
