Replies to post #99065 on Marani Brands Inc. (MRIB)

[Matthew Berg]

That was a mistake at the time and I pretty much stated my concern at that time. You only benefited if you sold.

And I'll bet dollars to donuts that all the insiders who got the lion's share of that dividend certainly sold.

as to your view on the convertible you are right on the money. The really awful part of it is most of them take six months or so to mature so all the deals were probably done, unknown to common investors, back in the June time period and we only find out about them after they mature and the shares are issued. So the common investor is always at the mercy of what MRIB is doing six monthsss down the road. And they seem to be timing around the maturity dates and basically are late with financials to allow exit from the stock by the note holders before fins and news of the issues get out. To me that's really dishonest and manipulative. Look at the dates of the big sell offs with relation to the stock issue dates.

Bottom line is investors now need to be deeply concerned with deals done from July to present each and every month from here on in. With $9000 in sales for the quarter it doesn't look like there's any possible other form of funding to cover the huge monthly nut even if Margrit and clan are accruing 70% of their salary. The 30% exceeds sales in less than one month. I too believe they want a going concern but in an entirely different light. Paying themselves and figuring out ways to monetize stock, and none of us really know to what extents they have gone on that topic, is their motivating factor.

I would expect to see an almost identical rate of dilution for each and every quarter to come based on no sales and a steady and consistent capital need. The only variance will be additional dilution based on any loss of PPS and fulfilling their commitments with expanded volume of shares. Not going to be pretty. Sorry for your loss. They wove a pretty intricate web and even got me in at one point, albeit, long before I did any DD. GL and Happy Thanksgiving.