Marani Brands Inc. (MRIB)

[Matthew Berg]

Anybody ever look at the convertible debt shares versus overall O/S? I just took a glance at it and it's out of balance. If you look at O/S since September and shares issued for convertible debt, it doesn't add up. Roughly 900 million shares in shares issued for debt and 1.2 billion outstanding. Where did the other 300 million plus shares go and/or who got them? Oh Maggie...

Flashback to Fall 2013. Margrit issues herself and siblings 7 million shares of preferred stock. No known terms other than it was a cashless exchange so whatever shares were issued as a result have a basis of zero. Maggie, now did you get those shares? That's the only deal on the books not accounted for. Hmmm. That even includes the dividend shares. Every deal accounted for and a 300 million share shortfall.

Well, whoever got them we know they were cashless as no record of consideration was reported and therefore
Zero basis. Unloading that stock is pure profit. The 3 million or so shares we've been seeing daily adds up conservatively to around $40,000 profit per month, that's profit, and 300 million shares should be good for four or five months of metered dumping. just wonder who it could be (wink).