Marani Brands Inc. (MRIB)

[Matthew Berg]

Did anyone notice that MRIB didn't even bother to file an extension for the financials due? Perhaps a case of why bother? Just keep the bad news under wraps, keep selling shares and be fully exited by the time the new debt matures this month and the stock finally goes to zero.

The MRIB plan seems to be identical to 2010. Shut the company down. Do one or two more random bogus PRs over the next six or seven months while dumping shares and Margrit collects it all while making no effort to do anything but cash out. Let's face it. There are no employees. There are no offices. There is no operating cash. There is no market or advertising and Margrit could sell a bucket of water to a guy on fire. I doubt she's even trying. If anything she's probably selling cases of Emerald Castle to her pals in little Armenia in Glendale off the MRIB books. Still waiting for any logical explanation of why the brand was kept a secret other than for the purpose of theft.

Regardless, with no sales and no one selling MRIB is for all intents and purposes out of business. Haven't heard a word from Margrit or MRIB since October. And remember, the same situation in 2009 ended with Nina telling a shareholder via Facebook, "great things and big news coming for MRIB!". That would be the last time anyone would hear from MRIB for four years.