InvestorsHub Logo
Followers 27
Posts 2968
Boards Moderated 0
Alias Born 04/14/2014

Re: popeyemag post# 108529

Tuesday, 06/09/2015 11:56:57 AM

Tuesday, June 09, 2015 11:56:57 AM

Post# of 123646
Well that's the formula. Get a public shell, organize your props like "a real product", reverse merge it and start the dog and pony show. It wouldn't surprise me if your yard sale surpassed MRIB in sales for the last quarter. Surely your expenses were a fraction of MRIBs daily burn rate! LOL the Marani vodka has always been a prop. Alcohol is a sexy product. You can hype it and then relate to the history of ultra successful brands like Ciroc, Grey Goose, Belvedere, etc. In the end it's all a charade and MRIB as sloppy as the scam was pulled it off. The sales levels should have been highly questionable from the outset.

To put it in perspective, I made a small investment this year in a startup. Private company of course. Two recent college grads and an idea starting from scratch. I put up $60K in cash and gave them a $100,000 line of credit (which they drew only $16,000 on so far) They worked there asses off 24/7 and opened a small production facility (they even did their own construction on the build out) launched the company, web site, social media, had a professional photo shoot and heavy coverage at a nationally televised event with over 30,000 spectators. All done in less than three months. And they came back with $175,000 in gross sales in their first month of operation. More than Two 23 year old kids with no experience and little salary. Pretty proud of them.

Now. MRIB and 54 year old Margrit and her vast experience have had eight years, $30 million in funding, a finished product already developed and marketed for seven years prior and no equipment or capital expenditure needs. She gets a nice safe cushy huge salary including $4 million in compensation in 2009 alone. And what's she done in sales since her return to MRIB? Less than $50,000 in GROSS sales in almost six years now. It's rather obvious MRIB was always just a public shell play. It was in 2008 and it was in 2013. Margrit doesn't know the meaning of work unless it's how to suck money from something or some one. I doubt she's ever made a sales call. Bottom line is no effort and a lazy operator with no other employees is going absolutely nowhere.