Marani Brands Inc. (MRIB)

[Matthew Berg]

Actual Verax it appears to be quite a bit more serious than that. The absence of financials, lack of news and the departure of Dan Senters aside, I don't know if you were aware but other events point to impending doom for MRIB. It wasn't just Dan that left. There are no employees left at all including Margrit's relatives. All that's left is Margrit and she seems to be nothing more than an apparition since early October.

Costco appears to now be a bust with no stores reporting Marani in stock and no reorders on record. Total Wine has sold less than a case in all 12 stores in six months and it sure looks like financing through convertibles dried up over six months ago. No more dilution but no more company either. Add to all of this that the MRIB CA ABC liquor license expired almost a month ago and has not been renewed certainly isn't a good sign. A reseller couldn't legally buy from MRIB if they wanted to.

Even worse for MRIB is that they are also now a prime target for SEC operation Shell Expel. A single principal/operator with no apparent sales or legitimate operation operating a non-reporting delinquent OTC company trading in the trips and unlicensed to sell the only product they have is a textbook example of a Shell Expel target and ripe for a trading shutdown and expulsion from the OTC.

And even what news that has been put out by MRIB since their final appearance on Money TV back in October was a total farce. Announcement of a new CFO was simply a lame excuse to suppress financial results for a little while. The Brazil announcement needs no consideration or recognition. I'd say the company most likely was shut down and shuttered back in October or thereabouts.