Friday, June 26, 2015 9:19:45 AM
And as I've repeated a number of times, while MRIB has not filed for bankruptcy, they are clearly insolvent as revealed in their last filed financials with zero cash on hand and roughly $3 million in debt not to mention the incredible $30 million accumulated deficit. They also very clearly closed their doors moving out of their offices at the end of the year and did not establish a new place of business. As of the first of the year all of the employees left or were let go leaving MRIB an empty shell with only Margrit. Is she trying to sell product? I doubt it. Sales for the last reported quarter were down 40% and there were no new distributors or retailers sold while losing more than half of their Costco locations. Doesn't sound like there's much selling going on and I think we all know Margrit is really incapable of doing so after 14 years of miserable failure.
A web site, Facebook page and Twitter account does not a company make. Just static remnants of a scam now completed, abandoned and shut down leaving investors licking their wounds. The evidence and proof you ask for is there for all to see. All confirmed and/or reported by MRIB themselves. MRIB silence, while not true proof of the shut down, is all the more indicative that MRIB has in fact gone out of business. And as far as money laundering, I've always said that was a theory. And there's a lot of evidence of shady vendor relationships including requirements to wire money overseas to what appears to be fictional companies. I guess the big piece of evidence would be the $30 million spent. Where did it go? Wine Plant, Zodiac, Eco Investments, National Capital, NovaNet, Broadcast West, Margrit Enterprises International? It's all very suspicious.
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