Replies to post #49285 on Marani Brands Inc. (MRIB)

[jpyrett]

You posted this morning mentioning nonexistent and preferred shares..

On September 30, and October 1, 2013 the Company issued 6,500,000 of its preferred shares to its President and 500,000 of its preferred shares to its Secretary in return for their canceling $760,000 and $188,000 of the Company’s obligations to them respectively.

I'm not an accountant etc.. but my understanding is these pink sheets companies do not have to be compliant ? This is why some OTC companies have a horrible reputation as scams? Not sure why you posted this info about MRIB using "nonexistent" shares. Margrit will be around tomorrow and can ask her. I'm not sure why this is an issue for the company to cash in their restricted shares to raise funds as you mention. Go MRIB!!