Marani Brands Inc. (MRIB)

[Matthew Berg]

I strongly doubt any debt holders, let alone Bodie, are still holding any significant shares. In the last year MRIB issued something like 600 million new shares for debt. Since then there have been more than enough shares dumped to believe that there's little left over. There were over 450 million shares dumped in a two week period back in February alone. That was most likely Bodie's shares which would have vested immediately based on reinstatement of the original notes.

Smart money got out of MRIB as fast as they could and most of it ended six months ago. No one in their right mind would have provided any further financing to MRIB with a PPS hovering $.0004 at the time MRIB needed it. No room on the downside to insure a profitable deal, by toxic financing standards, that is.

Talk of traders and smart financiers holding MRIB and a coming rise in PPS is nonsense. There's no company left, everyone took their ball home and the lights are out. Just an insolvent shell that will slowly wither away just like in 2009. Carbon copy.