Marani Brands Inc. (MRIB)

[Matthew Berg]

Has anyone figured out how MRIB spent $300K Q4 with no significant expenses to speak of? No employees, apparently no rent, no advertising or marketing. Even if Margrit, Ani and Nina were on the payroll it doesn't add up. Tops for salaries, maybe $45K. Other expenses, throw in another $10K. Where's the other quarter million?

I only have one idea. It went straight to the Wine Plant of Eraskh for that container received in January. A container MRIB didn't even come close to needing. Why? The increased demand story has clearly been proven a lie and total fraud. So why would anyone buy product they don't need and can't sell?

You think maybe Margrit or a friend owns the Wine Plant of Eraskh? And perhaps MRIB paid that missing $250K to the ghost company Wine Plant of Eraskh who then contracts and pays a private labeler $50K to fill the order? And the money trail stops there. Very convenient. I'd say someone in Armenia has $200K net left at the end of the day. Hmmm. And this is not anything new. In the spring of 2010, already shut down for seven months Margrit ordered an astounding 4000 cases which simply became dead inventory. Why? Very fishy and lack of any reasonable proof the distillery exists only reinforces the questionable nature of the MRIB Wine Plant relationship.