Marani Brands Inc. (MRIB)

[hedge_fun]

MRIB claims they paid off debt with NON-EXISTENT........

preferred shares. They have none. The books are wrong, I won't say cooked, but something is amiss. The company is supposed to be getting alerted of this fact, but it seems a 5th grader could have caught this, but nothing has been corrected. Can management even read?

On 12/6/13 they reduced the AS from 1B to 700MM. In the same amendment they canceled the 10MM preferred shares. See in this link.

http://nvsos.gov/sosentitysearch/corpActions.aspx?lx8nvq=jSxp9%252fuQ81vtMpDi7wbFlw%253d%253d&CorpName=MARANI+BRANDS%2c+INC.

Now from their filing ending 12/31/13.

Preferred Shares
Total shares authorized: 10,000,000 as of: 12/31/2013 Total shares outstanding: 7,000,000 as of: 12/31/2013

On September 30, and October 1, 2013 the Company issued 6,500,000 of its preferred shares to its President and 500,000 of its preferred shares to its Secretary in return for their canceling $760,000 and $188,000 of the Company’s obligations to them respectively.