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joerich

10/31/14 12:52 PM

#97741 RE: specutator #97739

MRIB knew significant Dilution was coming one way or the other, and pulled the wool over shareholders eyes.
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Matthew Berg

10/31/14 1:08 PM

#97745 RE: specutator #97739

Spec, it's all in the reports. All you have to do is look at the annual and it's all there. Whether they are getting new money or paying down old money for new stock MRIB is diluting shareholders and the deals they're doing looking at the reports are not good ones especially for shareholders given the nature of the convertible agreements. The fact is they've issued new shares in the amount of what is getting very close to 100% of the total outstand shares at just over a year ago for cash and/or to reduce debt. That's dilution. And I'll reiterate, it doesn't matter whether it's cash or debt reduction, it's financing any way you cut it. I think you may not view debt reduction as financing but there's no difference in taking cash to pay down debt versus a straight cash deal. Both are positive on the balance sheet and negative on the SS.

What's worse is how bad the deals are for MRIB as they are heavily discounted in favor of the debt holder and/or cash lender. It's a vicious cycle but with no credit, not a bank in the world that would lend them a dime, default on a million dollar line and current financials they either must cut costs dramatically, increase sales and get their house in order which they are doing a terrible job at. Their only choice is to turn to "evil" lenders and outrageously expensive investment dollars.
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DJ Ponder

10/31/14 1:09 PM

#97746 RE: specutator #97739

FIRST OF ALL, EXPERIENCED TRADERS KNOW THAT AN APPROXIMATELY 50% INCREASE (207 MILLION SHARES) TO MRIB'S NUMBER OF SHARES OUTSTANDING LEADING TO A MEASLY 10K IN MARANI REVENUES FOR THE ENTIRE YEAR IS GROSSLY UNACCEPTABLE.

FURTHERMORE, CALLS OF "NO GROWTH TO THE Marani O/S FOR MANY MONTHS EXCLUDING THE DIVIDENDS" WERE PATENTLY FALSE.
FACT IS O/S GROWTH WAS CONSTANT ALL YEAR LONG.

SHARES ISSUED AND OUTSTANDING per the TA:

09/30/2013: 363,823,648
01/01/2014: 421,639,026
04/07/2014: 459,407,489
06/30/2014: 482,377,843
07/02/2014: 512,377,843
07/16/2014: 536,069,543
07/28/2014: 547,053,876
08/19/2014: 558,894,473
08/26/2014: 563,975,774
09/03/2014: 570,103,225
09/10/2014: 579,833,781
09/15/2014: 596,889,879
10/06/2014: 601,141,580
10/09/2014: 610,594,467
10/17/2014: 621,121,546
10/28/2014: 628,668,716

AS FOR THE STOCK ISSUANCES FOR FINANCING ANYONE CAN CLEARLY SEE IN THE FINANCIALS THE DATES OF ALL STOCK ISSUANCES AND FOR WHAT PURPOSE AND TO WHOM. THAT'S TRADING 101. ROFLMAO

LET ME ADD "UNSCRUPULOUS LENDERS" - THOSE ARE YOUR WORDS, NO ONE ELSE'S.