Where is the container that was scheduled for Brazil that was supposedly re-directed to the US to meet higher demand? It's not on the financials. It was received at latest in January according to the BOL. But it's not recorded on the MRIB inventory. Was the BOL bogus and mocked up by Margrit to cover the lies? Brazil, tax stamps, increased US demand?
And how about that increased US demand? MRIB 2.0 started out with $102,135 in inventory on the books (01/2014) reported on the Q1 report. Since then the original inventory has been reduced to $75,892 as of the latest report. In June, it is assumed a container arrived which is listed as $114,736 in a number of different categories in each of the last three reports. That number has not changed since first entered which means that MRIB hasn't even cracked that first container! There was no increased demand. All a dog and pony show to make investors think there was.
Bottom line is total inventory has only been reduced by roughly $25,000. That's the total product moved according to MRIB's own numbers since January 1, 2014. Yet MRIB shows $102,019 in sales for that same period. How is that possible? I think Margrit got creative with the books. During that same period A/R increased to over $85,000. So, ACTUAL sales for the period appears to be something in the neighborhood of $17,000. That said there is an adjustment to inventory in June of around $5,000 and let's just say Margrit gave away 50 cases for her crummy events. That brings inventory out to just around $25,000. Pretty simple accounting. So actual sales for MRIB 2.0 could only be at most, $22,000 for the last 18 months. Just a fact.
In addition to cooking the books, I think that almost all of those actual sales were to Costco. A small balance to the fringe retailers like Total Wine which was only ten cases and the small independents selling online. Doubt Restaurant Depot has sold anything. All the rest of the reported sales I'd say are suspect. Remedy Liquor, A-1, etc. Just Armenian friends of Margrit in Glendale or perhaps Margrit herself parking product and whacking up the A/R. No cash transacted, just a paper transaction and opportunity for PR and speculation on a fraudulent event. It's all in the numbers folks and these books are COOKED!
