Marani Brands Inc. (MRIB)

[Matthew Berg]

Chewy, what operations are you referring to? MRIB has no expenses but they raised over $1.2 million in debt. What did they pay for in the form of operations? The $525.00 in advertising, marketing and promotion last quarter? A $1500.00 Times Square deal? $16,000 for Money TV and whatever the hundreds of other stock promotions cost? We're talking about $1.2 million here. Where did it go?

Last quarter Margrit spent over $300,000 for "operations". Didn't order any product. Didn't have any employees. Didn't pay herself. Had no rent or facility expenses. No capital expenses. Didn't pay her taxes. Didn't pay down ANY debt with anything but extended it with more shares.

$525.00 in marketing and promotion, a post office box, telephone bill and a monthly payment to the FTB of $500.00? How would you explain that being expensed at $300,000?

And I'll tell you one other thing. The sales reported are totally bogus. They're made up and so blatantly and sloppily slow. So much so that the accountant who finally did the books all but disavowed the numbers as such. How can a company sell $21,539 in product for $56,002 in revenue? Look at the report. Inventory against sales. That's the bottom line.