Marani Brands Inc. (MRIB)

[Scumbag Fraudsters]

Interesting...


A quick search uncovered letters from the SEC directing two penny stock companies to stop using safe harbor statements in their press releases.

Additionally, forward-looking statements made by issuers of penny stock are excluded from the safe harbors in the Private Securities Litigation Reform Act. Please confirm that for so long as you issue penny stock, you will refrain from referencing the PSLRA safe harbors in your press releases and Exchange Act reports.

Please remove the reference to the Private Securities Litigation Reform Act of 1995. As a penny stock issuer, you are not entitled to rely on the safe harbors for forward looking statements under the PSLRA.

Obviously the pinky CEO's who use those statements are unaware they are null and void (pinky CEO's ain't the brightest - that's why they aren't CEO's of Fortune 500 companies).


They assume the disclosure shields them from prosecution regardless of how fabricated and blatantly false the news preceding it may be.


As you know, the disclosure is meant to provide protection for companies that make announcements with good intentions and with the expectation that what they said will come to fruition.

It absolutely does not provide any protection for a company that knowingly publishes false information such as unrealistic revenue projections or new products that are completely fictional.