Marani Brands Inc. (MRIB)

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Hototc.com: Hototc.com Announces Coverage on Fit For Business International, Inc. (OTCBB: FFBU)
Wednesday November 14, 2007 04:12:57 EST
Nov 14, 2007 (M2 PRESSWIRE via COMTEX News Network) --

Could this be the reason for the delay in reporting?

In November 2005, the Company was notified by the SEC that in light of the proximity in timing between the sales of 565,994 stock options held by Fort Street to various parties and the loans evidenced by promissory notes made by Fort Street to the Company, such sales of options by Fort Street are believed to be a primary offering of securities by an underwriter on behalf of the Company under Section 5 of the Securities Act of 1933 (the "33 Act"). If it is determined that such transactions constitute a primary offering by or on behalf of the Company in violation of Section 5 of the 1933 Act, then the Company may be subject to remedial sanctions. Such sanctions may include the payment of disgorgement, prejudgment interest and civil or criminal penalties. Management of the Company is not aware of any pending claims for sanctions against it based on Section 5 of the 1933 Act, and intends to vigorously defend against any such claims if they arise. However, due to the notification by the SEC, the Company has classified the promissory notes, amounting to $168,784, and accrued interest of $13,355, as of June 30, 2007, as amounts subject to rescission in the accompanying balance sheet.

The entire story is at: http://new.quote.com/news/story.action?id=MTO318u8214