Marani Brands, Inc. (OTCMKTS:MRIB) Slides Some More

Up until Monday, things were looking good for Marani Brands, Inc. (OTCMKTS:MRIB). The ticker had climbed out of the triple zero territory in record time, it had broken the $0.01 mark with ease and was climbing steadily to more than $0.02.

Momentum was strong and, as we mentioned in our previous articles, it was sparked by the announcement of a $40 million distribution agreement that is supposed to start during the first quarter of 2014 and will span a total of five years. At one point, however, something went terribly wrong.

On Tuesday, MRIB slipped by around 23% while registering a dollar volume of more than $848 thousand. Wednesday was marginally less horrific with 12% in losses and a trade value of $391 thousand but yesterday, the downward trend was solidified when around $339 thousand worth of shares changed hands while the price slipped by another 21%. The end result is around half of the value gone after just three sessions.

Yet, despite the terrible performance, the message boards are buzzing with activity. The same goes for the social media but the most peculiar thing is, the people that are optimistic about the future are quite a lot more than the ones who are wondering what’s going on.

Forward-looking investors say that the headline which appeared earlier today in the News section of MRIB‘s company profile at the OTC Markets is going to help the ticker bounce back up and even send it on a more continuous run in the right direction. The headline in question links to the last in a long line of interviews with MRIB‘s CEO, Ms. Margrit Eyraud, at Money TV and while we have yet to see if it will indeed help the stock regain some of its dignity, there are some things that could suggest otherwise.

Chief among which is the fact that there has been no shortage of new announcements over the last couple of days. On Tuesday, for example, the company informed us in a press release that they have received full trademark allowance in the Dominican Republic and yesterday, they informed us that the world record attempt that they sponsored has been successful. Neither of these helped MRIB register a green session and we’re not really sure if a few words of encouragement from Ms. Eyraud will be able to turn the tides.

Not least because the interview gives investors very little in terms of significant new information. Ms. Eyraud speaks about the world record which was well portrayed in the PR from yesterday, about the changes in the share structure (which were announced last week), and about the retail price of the Marani Vodka. She did announce an interesting event sponsored by MRIB that will feature some well-known celebrities, but is this alone enough to make the price jump back up?

We’re about to find out. One thing is for sure though – a consistent run will only be achieved if the next financial statements show us some more solid figures and, preferably, a positive bottom line. Unfortunately, the results won’t be out any time soon and until they are made public, MRIB remains a highly speculative stock which means that considering all the risks carefully is absolutely crucial.

Another peculiar thing is the coverage from Money TV, which appears to be extensive. Quite a few interviews with Ms. Eyraud have appeared already and it seems like there will be more to come. Money TV’s website doesn’t include a disclaimer which means that we can’t be sure if Mr. Donald Baillargeon is compensated for his coverage or not, but he is raising quite a lot of awareness around the company which, in turn, could harm the stock performance even more.

Mr. Baillargeon has also made quite a lot of interviews with the Officers of XSUNX, Inc. (OTCMKTS:XSNX) and Axiologix Inc (OTCMKTS:AXLX), but, as you can see from the charts on the right, these tickers are not ready to set Wall Street on fire just yet.