Marani Brands Inc. (MRIB)

[Matthew Berg]

You can look at a picture from one store and make the determination that Costco made a huge Marani reorder? That's an interesting skill. Where is this picture at?

It couldn't be that there was no reorder and Costco consolidated their MRIB inventory from the shelves of 14 stores to 6 stores floor stacked? A common practice in order to free up valuable shelf space occupied by products not moving well.

Fact remains that MRIB themselves have said they are now only in six stores although that has not been confirmed as two of the stores I called from their list claimed they did not have Marani in stock.

Last, as to say the sales at Costco are going well is obviously not true, not that one could determine such for a quarter not yet reported. In reliance on numbers to date it would appear that sales at Costco (during the busiest season of the year for spirits) did not go well and overall sales were down close to 40%. Not that 40% represent a big number when MRIB is selling less than $5,000 gross per month. And I'd bet dollars to doughnuts those numbers are cooked and that most likely include shipped product not sold through. I don't see any allowance for returns in the financials which for this type of product is quite odd.