It happened? Certainly not as promised, advertised or promoted. I think that's the important point. Margrit and MRIB have a long history of tall tales and exaggerations when it comes to marketing that have yet to prove to be anything other than second rate, usually pay-to-play promotions put on by Zodiac Brands.
If Margrit/MRIB comes out of hiding and tells us yet again she has shipped to Brazil and we find out later that she shipped one case do we credit MRIB with it "happened"? Think not.
I think the far more serious issue with MRIB is how operational it is right now versus the dysfunction of the past. I don't know about you but I don't see anything going on and no activity. A MRIB PR from early last year that that someone dug up was re-posted. That's about it and that came from an MRIB investor, not MRIB.
The lack of financials should be the biggest concern right now. Why so late? Will we ever see them? Is there no one to do them? Are they not worth publishing because they are so bad or possibly not worth it because the company is shut down? With the apparent loss of Costco, horrendous sales at Total Wines and only a handful of small time retailers left who knows? Point is that the lack of communication from MRIB is entirely unacceptable. It's like the guy you lent money who stops answering the phone or returning calls.
Like I said last week. No MRIB financials in the next ten days and I think we can assume we're not going to ever see them. If not just to get the warning lifted with OTC which most certainly is hampering volume and any possibility of new investors coming in. Makes no sense unless the numbers are just so horrendously bad MRIB feels the effect would be worse than the current situation. And as I've also noted, MRIB puts themselves in a real bind and at risk in reference to SEC review as a single operator OTC company, insolvent and over $2 million in debt with little to no sales.
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