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Tuesday, September 22, 2015 12:58:44 PM
What far worse is MRIB reports $100K in sales over that same period. How can that happen you ask? A very shady accounting faux pas called parking product. Most of which occurred in the last report with $50K in supposed sales. Well, MRIB never shipped it. Not only did they report report $50K in sales, they reported such on only $22K in inventory and to make matters worse they whacked up accounts receivable for the $50K. It's all ghost product and ghost sales. Most likely to Margrit's friends and cronies in Glendale. The books show MRIB certainly isn't getting paid for product. Of the current A/R, at least 85% of it is imaginary and/or it's at least 90 days in arrears. Sounds more like a bunch of fake purchase orders and product "sold" not shipped.
Just to add. MRIB had a reported BOL for another container in January of 2015. Well, it doesn't show up on the books so I have to think that either MRIB doctored up a BOL or some MRIB investor took it on himself to do such. Same method as the fake job postings. Post it somewhere and it gets picked up by all the crawlers. The job postings was more organized as it coincided with an advertising program targeted at visitors to MRIB message boards. Regardless, it was a shipment that either never happened or the product went to somewhere other than MRIB. I'd bet my bottom dollar though that in the detailed MRIB accounting there will be a payment out of the MRIB coffers to the Wine Plant of Eraskh for the mysterious shipment, AKA, Margrit Eyraud, Glendale, CA. LOL.
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