Not game changing news, very good news however. Step back and look at the big picture, you have distribution expanding in the state of CA only. In the world of OTC stocks this is "old-news" now. To shareholders, the fact that they are expanding rapidly in their home state is a big deal, it obviously isn't in the OTC world, the one we depend on to make $. The other 49 states are pending license approvals 15-45 days depending on each state. It is confirmed that 7 of the other 8 states (they stated earlier that they had 8 other states set up for distribution as of a few weeks ago) that they have distributors cash and carry wholesalers ready to go once the approvals are in place. So, if one was to err on the conservative side, let's say today is day one of 15. That places the 15th day at April 10, 2014 for at least one or more new states to be approved for distribution. Once approved give time for shipping and give time to get it unpacked and on shelves. You're now looking at mid April to get it on the shelves in a state other than CA.
Mid-April would also be right around the time companies give Q1 reports. If Marani shows modest profits based on their end of month/quarter distribution activities, and is able to declare new states in their distribution model besides CA, then we have pps moving, game changing news again.
Let's not forget the little cup and handle we have developing. Today is nothing to worry about in terms of "ruining the breakout on the handle side" as long as we don't close around .04, which could be quite possible. If we close mid .04's, it'll buy the breakout chart a day. If we do close at or under .04 today, then we need to close above it tomorrow and we are still looking at new 52wk highs for a potential breakout.
The piece that I want to hear about this week (ideally) is one of the 2 contracts - Brazil or Dominican. At least come out and tell us something like, the factory in Armenia is manufacturing the vodka for Brazil/Dominican as we speak due to all the product being distributed domestically and the demand. That would also be game changing news.
Don't forget the dividends either. All Marani has to do is come out and drop a few dates and mention that they are following through with them and the MRIB ATM will be back in business.
This is a lot of if's but a ton of potential gains to be had here. Choose your strategy and make some $, GL.
"Better to Remain Silent and Be Thought a Fool than to Speak and Remove All Doubt" -Mark Twain
