Shareholders of Marani Brands (OTCPK:MRIB) continue to receive updates from CEO, Margrit Eyraud, regarding the companies position, addressing shareholder concerns, revenue projects and broadcasting to those shareholders "big things are coming" with the latest interview on MoneyTV with Donald Baillargeon.
Marani Brands CEO, Margrit Eyraud, continues to show shareholders that Marani Brands is here to stay.
"International Market Agreements (Contracts) are all based on the LC (Letter of Credit), allowing Marani Brands to pull 50% down on the LC (Letter of Credit) upon readiness of the product to be shipped and the remaining 50% upon delivery"
Executed Contracts with Brazil and the Dominican Republic will bring immediate attention to the shareholder value; especially once revenues are disclosed.
- Dominican Republic Contract equates to $30-Million
- Brazilian Contract equates to $40-Million
$70-Million over 5-Years (~$14-Million per Year) or
(~$3.5-Million per Quarter).
Marani Brands CEO, Margrit Eyraud, confirmed shareholders hold a significant amount of stock (25%) - this speaks volumes about the longs. This on top of Marani Brands reducing the Authorized Share Reduction this past year with a commitment of no dilution.
As the Daily and Weekly Chart begin to show significant bullishness and current ABC Licenses pending only time will tell where this company and products are headed. There is much more information to be found about Marani Brands
Also check out Marani Brands Inc.Paving The Road To A Comeback In 2014
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Disclosure: I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it. I have no business relationship with any company whose stock is mentioned in this article.