Tuesday, March 31, 2015 6:28:10 AM
As far as the question, pretty simple. Money. Registering for label approval costs what? You could go all out and hire a Greenberg Traurig lawyer to do it for you and overpay and not spend $1000. Then you make $3.8 million in stock sales using it as proof of REAL product and folks saying it has to be or else why would Margrit go to the trouble? It's so absurd to think filling out a form is the basis for justifying anything. Would you fill out some forms, pay a small application fee and "go through the process" for $3.8 million? The premise of justification therein is preposterous.
More to the point of going through the process... Everything Margrit and MRIB has done has been an exercise of "going through the process" for the purpose of appearances. All done on the cheap as well. Why would MRIB pay $1.8 million for advertising if this was a scam? Well, where's the advertising? Has anyone ever seen any? But if they owned the advertising company and never really did any advertising? There's your answer.
Why would MRIB pay Wine Plant of Eraskh for four containers of vodka they can't sell? Simple, they own it and they pay ten times what it costs to contract some rectifier to private label some vodka out of Russia for relative pennies on the dollar to produce it and pocket 90% of the proceeds. If they sell any of it it's gravy. $50K in vodka inventory versus tens of millions in stock sales? Selling the vodka is a throw away. Not worth the effort it would take. Only put in enough effort to extend the charade of real product is all MRIB did. Dan Senters was a small price to pay and a calculated cost. Paying him for eight months was worth a hundred times that in stock sales and he probably came way cheaper than Paul Fuegner as well.
PRs, promotion, hype, talk and filling out government forms are all cheap, easy and take no professional skills. That's the only thing MRIB has done and it has people saying "why would they do it if it was a scam?" How about $32 million? That's what has been expended, and probably more to date on "going through the process." Ask yourself this... Add up all the things MRIB management and the company has done. All the advertising, sales efforts, Money TV, etc. and it adds up to so little. Would you go through that process for $32 million in pretty much NET profit before even considering the stock sale profits play? That probably adds at least another $32 million if not more.
Bottom line. Why would Margrit and MRIB "go through the process"? To make simple minded folks think it's not a scam doing the bare minimum to keep up appearances and making tons of dough off of the rationalizations of investors who want it all to be true. Based on the original question I'd say Margrit is getting paid $10K an hour for what MRIB has produced to date and it has little to do with selling vodka. That should answer the question. 64 million times... MRIB is a bigger scam than SpongeTech and with the Armenia connection, Imo, a more far reaching criminal enterprise. RICO, money laundering, insider trading, tax evasion, fraud, illegal conveyance, illegal conversion, SEC 144 violations, and most likely forgery of a few boiler plate attorney opinions. Imo it's all there. So, there's your answer. Money. A link to a registration to sell liquor that took twenty minutes to fill out, file and the stamp to send it was well worth supporting a multi million dollar fleecing of the public.
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