Marani Brands Inc. (MRIB)

[hedge_fun]

Marani has a lien for back payroll taxes. I know.......

they told someone via email that they worked out a payment plan. In the same email they said they would be licensed by 12/20/13, which of course wasn't true.

I guess we will see soon enough if they have worked out a plan "if" that is the issue. Number 7 here on the chart specifically mentions liens.

http://www.abc.ca.gov/Legal/Application_Process/Application_Process_Chart.pdf

Of course it could be something else.

ABC's Trade Enforcement Unit initiates and coordinates investigations and accusation proceedings against licensees arising out of either statewide or local trade practices situations. Unlawful alcoholic beverage industry practices include commercial bribery, consignment sales, excessive retailer credit and free goods. The unit provides expertise and guidance to ABC's field staff in the application of the trade practices and supplier licensing provisions of the ABC Act and serves as ABC's principal source of policy interpretation on issues relating to trade practices and non-retail licensing. It also responds to requests from attorneys and industry members for review and approval of advertising, merchandising and promotional programs.