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goig to try to get a position back in at 4.5c, theres quite a few concerns with this company including:
1. The possibility of a russian ban on Moldovan imports
2. The strange deal with the ecuadorians, change in BOD and the additional shares from the deal
3.late filings
4. possibility of going dark as ASCD has just done.
still its a good P/B play as long as ot breaks even and has + cashflow im happy.
buying interest is accumulating price should go up BUT theyre gonna file late (AGAIN, dont know if any other company has such a bad record) if it goesa to the 8c level im buying more BV is 15cents WTF and theyre making money while expanding at a huge pace ( and still being able to pay their interest expense which is a really high rates.
Consider this theyre making money selling at 1$ a bottle if they are able to penetrate Europe and N America they surely can command 2-3 times what they are getting in Russia (expext 3c this year, 5-7 next year if they find international markets) compare this with other wine makers, v.discounted
This stock is really undervalued at these levels they have a book value of about 13cents a share! and we are trading at half that!+ it is profitable making about a cent per share.
I totally see a place in the international market for 1$ a bottle wine. Even if you dont think there line of business makes much money think about it this way, they have 500 hectares of land and from what i hear from my friends, land and almost everything is dirt cheap in moldova but land prices have been rising in recent years as foreign investment has flown in to the country. A 10million dollar valuation for property plant and equipment would possibly be worth much more than there book value now and possibly be worth much more in the future, investing in LGII can also be an investment in real estate. Anyway you think about it this stock should be worth north of 20cent.
just my opinion,
jamstah
10K out and as expected, it looks good. :)
http://secfilings.nasdaq.com/filingFrameset.asp?FileName=0001127855%2D05%2D000368%2Etxt&FilePath....
YEAR ENDED DECEMBER 31, 2004 COMPARED TO YEAR ENDED DECEMBER 31, 2003
Revenues
For the year ended December 31, 2004, we had consolidated revenues of $12,528,613 as compared to $11,729,877 for the year ended December 31, 2003, an increase of $ 798,736 or 6.8%. We experienced increased sales of our wines in the Western European community. We are currently seeking to increase our revenues from the sale of our wines into the United States markets.
Cost of Sales and Gross Profit
For the year ended December 31, 2004, cost of sales amounted to $9,425,672 or 75.2% of net revenues as compared to $8,862,232 or 75.5% of net revenues for the year ended December 31, 2003, an increase of 6.36%. This increase resulted from increased revenues was proportional to the increase in our revenues.
Gross profit is calculated by subtracting from total revenues the costs of producing grapes and bulk wine that were sold, and costs related to the sales of wine and wine-related merchandise. Gross profit for the year ended December 31, 2004 was $3,102,941 or 24.8% of revenues as compared to $2,867,645 or 24.5% of revenues for the year ended December 31, 2003, an increase of $235,296, or 8.2%. The increase was primarily due to increased revenues for the period. Our gross profit margin is materially affected by the price we pay to purchase grapes and bulk wine. In the harvest, which took place in the fall of 2003 the prices we paid for grapes and bulk wine were generally higher than they were in 2002. The grapes and bulk wine purchased in the fall of 2003 will produce wines that will be marketed by us in 2004 and subsequent years. If we are not able to increase the prices we charge our distributors to offset this higher cost of grapes and bulk wine our gross profit percentage may decrease.
Operating Expenses
For the year ended December 31, 2004, selling and marketing expenses were $1,128,132 as compared to $1,139,305 for the year ended December 31, 2003, a decrease of $11,173 or 0.01%. We have increased our marketing expenses in order to increase our sales in markets such as the United States and Europe by approximately $66,300 offset by decreases in shipping and transportation expenses and packaging expenses of approximately $32,900, a decrease in bad debt expense of $ 39,600 and a decrease in other selling expenses of $5,000.
For the year ended December 31, 2004, non-cash consulting expenses were $277,083 as compared to $1,300,000 for the year ended December 31, 2003, a
--------------------------------------------------------------------------------
decrease of $1,022,917 or 78.7%. In 2004 and 2003, we issued common shares to consultants for business development and investor relations services.
For the year ended December 31, 2004, settlement expenses were $0 as compared to $780,000 for the year ended December 31, 2003, a decrease of $780,000 or 1007%. In 2003, we issued common shares to consultants in consideration with the termination of certain consulting contracts for business development and investor relations services.
For the year ended December 31, 2004, general and administrative expenses were $687,745 as compared to $524,171 for the year ended December 31, 2003, an increase of $163,574 or 31.2%. We experience an increase in professional fees associated with our SEC filings and increased our staff due to increased operations incurring an increase in payroll expense and related benefits of approximately $35,000. Additionally, we incur additional general and administrative expenses due to our expanding operations
For the year ended December 31, 2004, other operating expenses were $591,995 as compared to $153,742 for the year ended December 31, 2003, an increase of $438,253 or 285%. The increase in primarily attributable to an increase in fines and penalties due to late delivery of product of approximately $122,000 and an increase in property losses.
Other Income (Expense)
During the year ended December 31, 2004, we recorded other income of $827,016. During the year ended December 31, 2003, we recognized other income of $498,419. This represents an increase of $328,597 or 66%. In 2004, we recognized other income of approximately $737,000 related to the sale of certain trade secrets.
Foreign currency gain (loss)
Foreign currency losses were $(62,305) for the year ended December 31, 2004 as compared to foreign currency gains of $101,276 for the year ended December 31, 2003. This change related to the fluctuation of the Moldovan Lei against other currencies.
Interest Expense
Interest expense, net was $514,760 for the year ended December 31, 2004 as compared to $223,394 for the year ended December 31, 2003 due to increased borrowings and excludes interest capitalized on borrowings related to our property, plant and equipment.
OVERALL
We reported net income for the year ended December 31, 2004 of $666,726 compared to a net loss for the year ended December 31, 2003 of $(717,046). This translates to overall per-share income of $.01 for the year ended December 31, 2004 compared to per-share loss of $(.02) for the year ended December 31, 2003.
nope! left message--he was in another meeting!
geez. the guys goes to a lot of meetings!
Keith
oilbaron,
were you able to make contact ???
Thanks
Rig
Coming back to life, doesnt take much.lol.Still no filing.
~Rig
Got to get that Art on the phone!
Keith
Booze is in! on the cover of Baron's weekly magazine.
--guess, wine would be included in this sector.
--will be calling Stan: left message.
Keith
Adding more on a dip tommorrow--maybe 17 cents.
Keith
THANK YOU! THANK YOU!
--go LGIIE!
Keith
thanks! I will call!
good is good enough for me!
love good red wines!
Keith
Here ya go. Stan Altschuler (212) 838-1444
Called several times already myself and he said that they are working on it. Haven't called for a few days so it may be worth the time for you to call.
I don't mind calling IR/companies but start to feel like an ass after calling 5 times in 2 weeks. lol
we need that filing!!! ~Rig
Hey! someone call the company to get that PR!
Keith
think this one looks up!
--hey, maybe a merger?
food for thought.
Keith
I guess we wait another day.Seems like the norm lately all around.
~Rig
Guess, I am too!
--heck, maybe it will be a buyout candidate?
--news has got to be good in the near future,
probably some profit taking.
Keith
Donno. I'm sticking with my plan.
What happened? Geez, that went down.
--anyone holding?
Keith
Well, I see that didn't work. lol
Maybe our lucky LGII song will help...
http://www.investorshub.com/boards/read_msg.asp?message_id=6046193&txt2find=lgii+
lol
They'll bring it right back up with little buying.
Chart: expected to dip a bit. Still holding. Awaiting
news!
--going to call the co and PR.
Keith
i'm still waitng for the 10k, to see how the company is progressing
Some selling today. Gotta get'm outta the way sooner or later I guess.
Still looking for .35ish myself to take 1/3 off. We'll see.
Likewise! how much higher?
--PRs haven't yet come out.
Keith
Oh I love it!!! weeeeeeeeeeeeeeeeeeeee.~Rig
Nice steady growth. Gotta love that!
Wonder how this went....
http://www.invino.co.yu/festival05_lectures.html
MOLDOVA – THE COUNTRY OF WINE
History and modern winemaking in Moldova
“Lion-Gri” - A Century Old Tradition; Presentation with tasting
Lecturer:
Radu Stavila, Lion-Gri Winary, Chisinau
13.00
~Rig
I also found this...
Annual sales and production volume:
Annual sales
in 2000: $4,040,758;
in 2001: $10,129,297;
in 2002: $10,522,978;
in 2003: $11,729,877
in 2004: we find out soon!
Output, bottles
in 2000: 6,300,000;
in 2001: 13,900,000;
in 2002: 14,800,000;
in 2003: 15,820,000
in 2004: we find out soon!
~Rig
Check this out! This shows Lion-Gri having 600 employees!
Moldova
Industry: Wine
Company: Lion Gri
In a country where wine exports represent over 10 percent of the annual GDP, Lion Gri is among Moldova's top five exporters of wine. With its main market located in the CIS, the company also sells a wide range of still wines in Central and Western Europe and plans to expand production of sparkling wine. The company owns over 620 hectares of vineyards in southern Moldova, whose location is on the same latitude as France's famous Bordeaux and Burgundy regions. Lion Gri operates several wineries and employs a staff of 600. The company's management has gained extensive foreign trade experience since the company's creation in 1997. As a resident of the Expo-Business-Chisinau Free Enterprise Zone, the company enjoys exemptions from value added tax and customs duties.
Lion Gri, a growing wine company, seeks to expand its production facility in response to the growing demand on the market for high-quality wines. Its location in a region with old wine traditions, favorable climatic conditions for grape cultivation, skilled and inexpensive labor provide the opportunity to manufacture cost-competitive high-quality wines. Lion Gri is looking for a U.S. partner to provide financing and equipment for the expansion of its vineyards and sparkling wine facility and for the construction of a new still wine facility. By Moldovan law, any investments over USD 250,000 in the free enterprise zone exempt the company from income taxes for five years. Large investments may enjoy other tax breaks and exemptions as per Moldovan law.
The company has a business plan available in English. The company's management may conduct business in English. In the event a US investor is located for participation in this project, OPIC has expressed an interest in supporting an investment in Lion Gri.
www.lion-gri.com
Source: BISNIS representative in Moldova
http://www.bisnis.doc.gov/bisnis/lead.cfm?1406
you know what!
--never even heard of Pindar!
--back to the net for research: found the website.
actually, my favorite wine is a good
bottle of sauvigon or merlot.
red is the favorite; not wild on whites.
Keith
Going to pick up a bottle of red wine!
--guess what brand.
Keith
Double Weee!~
knew I should have put the boat on this one!
oh well, will add on dips.
awaiting email from the company and good releases.
heck, this might approach one buck or so???
Keith
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