This is patently untrue. Each time new shares have been issued the PPS has reached new lows and it has continued now for over a year with only slight variations and fluctuations with few to the upside and those upward moves all followed dishonest and misleading PRs from MRIB. Other than that, it's been textbook dilution effect. Lower highs and lower lows. Even the OBV represented was so terribly flawed as to try and skew the reality. The first two weeks of February were conveniently omitted. Had they been included the OBV would be well over -300 million at the outset of the tracking of same.
Fact remains that the upcoming debt is more than MRIB has ever tried to absorb at once by as much as 6X. With a price of $.0003 which I'm sure is as high as MRIB will possibly be the new shares to be issued to cover the $600K in notes would be 2 billion ADDITIONAL shares. Given no revenues and what could end up close to tripling the O/S will in no way be absorbed without going to zero. It is in fact a death sentence but ya' know, I'm pretty sure Margrit was well aware of that when she did it. That's the sad part of this. If anyone who invested in MRIB had known about any of these secret and ridiculous deals instead of finding out 1 year later after the effects had already pounded the price, I doubt anyone would have ever invested who knows anything about valuation.
The biggest issue is that there is no company left which the longs don't want to seem to face. All that's left is Margrit and a mountain of debt. There is no office. No sales force. No revenues, no employees, no marketing or advertising and MRIB is rapidly losing what little Dan Senters was able to put in place just in Orange county. No one is selling anymore. What can happen to support ANY MRIB stock value or price? $1500 a month in net sales per month and decreasing at 40% a quarter against $100K in expenses and almost $3 million in debt on 3 billion shares? Anyone who buys into that is in dreamland. Do you think an imaginary event in Armenia is going to solve problems or sell vodka? Writing is clearly on the wal. Has been for a long time.
