California Grapes International, Inc (CAGR)

[PennyStockDabbler]

Remaining assets might exist, here's why:

They sold a lotta stock!

What if the directors of some company just like this one met once a year and maintained a Facebook page just to say they're a company, and drew a salary for it?

Why would they continue if they didn't have any assets left over from stock sales, or their operations with the Beijing Olympics ?

Bloomberg still lists the company as of this year.

If the wine importation to China has failed so far, why not pack it in and call it quits unless there's a reason to remain incorporated?

If a California corporation is dissolved, the value of the assets is distributed to the shareholders after the debts are paid off.

If there's more debt than assets, the shareholders are only liable for the amount of debt up to what they would have gotten from the sale of the assets.