Thursday, July 02, 2015 9:25:45 AM
It's either Margrit can't post the MRIB results or has elected not to. Can't is quite feasible. We all know Margrit is totally inept and is most likely incapable of putting together legitimate financial results. With no money and no one else around to do them she probably can't afford to have them done professionally.
There are a lot of reasons for Margrit to elect NOT to post them even if she could. At the top of the list, given the lack of even an extension, is that MRIB went out of business. Why bother? No different than 2009. They filed one last financial report and then went dark and defunct without a word for close to four years. Sure is starting to look like a repeat. There's the possibility that the results are simply so bad that they will serve as confirmation that MRIB is done, still in business or not. The last reason is not out of the realm of possibility. Perhaps Margrit is simply too lazy to bother and just procrastinates to the point of MRIB shareholder outrage and rebellion as she did last report. But if this were the case I would have expected an extension as it would take all of thirty seconds to file.
Bottom line is dismissing or discounting the lack of MRIB reporting as seemingly unimportant by saying it was expected skirts the significant issue as to why MRIB has failed or refused to report. More and more questions will arise. Is Margrit hiding something? Is MRIB totally shut down? Point is financial results would answer a lot of questions. But then we know MRIB has never been very good at answering questions let alone doing such honestly.
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