While True, That Doesn't Preclude Future Success
I've researched their 2008-2009 days very closely, and their biggest problem was being new to managing a public company, versus a privately-owned one. I don't think they're being run by a budding Steve Jobs or anything, but they obviously made the right move in letting the stock grow from close to nothing, and unlike many OTC stocks, they have a verified, tangible product, and they're much better organized in terms of distribution and finding buyers these days.
They've been true to their word on almost everything, they have a public face and not a shadowy pump-and-dump ghost CEO, and they've been responsible in hiring external help in necessary areas, like Senters, the promotion company, and the law firm on retainer to find and prosecute people like DanTanna (and that isn't hyperbole, that's just what's going to happen).
One of their largest external shareholders bought in at 25 cents, and the stock has displayed very good growth before there was even a product to be sold. The low float means higher highs and lower lows sometimes, not to mention more easily manipulated as a whole, but if it's getting manipulated to just under 3 cents in a period between major news and new highs to boot, it likely means 3 cents will soon be the absolute bottom, and the next run will be initiated. If one looks at MRIB from December, a similar scenario occurred, only they are much stronger now.
For an OTC stock at this price, MRIB has a lot of advantages their contemporaries can't claim, and for the time-being, with Marani building itself as a company, business logic suggests that higher share prices will follow. Obviously if the market was only dictated by business principles, it would be a much different animal, but it's certainly a factor to be considered, and it would take pretty extraordinary circumstances for MRIB to legitimately tank in this current situation.
I'm only concerned about the year 2014 right now, so I have no reason to speculate on their success beyond that, but they look to be going up as long as they continue what they've done in the last few quarters, as the work they were doing then was to get to the point they're at now.
Following the stock day-to-day, whether it's up high or down low, is usually going to provide a bad contextual analysis if nothing else is considered, and panicking over a stock going down for a few weeks after hitting new highs, is a prime reason why most people pay others to invest their money for them. MRIB may not succeed in the long run, but it certainly won't be deemed a success or failure this year, if one is thinking realistically at least.
AI
