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Aside from the merger, where is the value in this company? I see huge payroll with no sales unless I'm missing something. Not down on them, just don't see value right now.
The company has pre-sold 2,400 cases, and is expected to deliver to its clients no later than the 2nd week of November.
An order placed for Pleasant Kids Water 8oz 24/PK on Amazon.com is $19.99.
Shipping to my zip code is an additional $11.99
Grand Total is $31.98
So why would such a small company have such a large executive staff. Their address is in CA but their incorporation and legal contact is in FL near where Frankie lives? He might be a few down the list but he's at the top of what's going on.
no mention of CAGR in that bio
Hey Jeff is the good guy didn't you get the memo?
He can keep that wine bar running for a while with all the wine he didn't pay for.
Ok so they pick a company with a market cap of $472k and no sales or intention to have sales as a real winner. I get it, more bagholders on the way.
What did they say?
They don't have the $200 because they have no sales. They are all hoping the shareholders just fade away and let this turd die off.
They're eating a cheese sandwich if you know what I mean. Or, planning for the next short squeeze.
They are just hoping it all just fades away which is why it's so easy to fleece people, not worth hiring an attorney for. Only thing worse than losing money to the corrupt and country ruining stock market is the lawyers.
That subsidiary and the inventory were the only assets CAGR had but now they say they never owned them. Like Panther said, they lied on the financials and while the inventory valuation was always in question to me the actual number was $0.
They couldn't sell enough wine from wineries that nobody heard of to the UAE to make a business. China was the market and now it's gone, done, it's over Johnny.
What exactly do the shareholders own? It's all gone with nothing left but hope. So if I have this correct, the business plan in China is as follows.
- Winery sells to distributor
- Distributor sells to CAGR
- CAGR sells to guy in China importing
- Guy in China importing sells to retail store
- Retail store sells to consumer
Wow, how many times can that bottle of wine get stepped on.
Selling on Amazon is great, if you have a product consumers are searching for. That was never going to amount to anything. I can sell whatever i want on Amazon right now as could you all, not a big deal.
The Q4 quarterly financials due out in just 5 days February 15th! This is the first chance to see sales without the store and the new balance sheet since the exit of the Beijing sub and the liquidation of inventory.
Locked, unlocked who cares
Where are the sales and profits
This should be an internet stock, only industry where zero sales and a promise of what you can do will drive share price.
No sales, no signed distribution agreement, no updated financials after Frankie, no value
Agreed, what's the value of a few guys with an idea? I have lots of ideas.
There are no sales and no assets plus whatever debt they are left with.
I"m still waiting for someone to tell me what justifies the current market value. The ability to do this and that with no revenue?
If CAGR will not be distributing or selling directly in China why wouldn't those distributors/importers over there just go to CA and buy their own wine? CAGR sounds like a middleman which means I could do that from my bedroom.
Lastly, there still needs to be a market and it's not CA wine right now in China. CAGR has a great idea about the education process and tastings but that's all gone now. It's down to "Mr. Chang, how many cases you want?"
Amazon.com is not the answer. Sure they get a lot of visitors but people going to their site know what they want to buy, they will not just browse for wine.
According to the list of accomplishments, CGI no longer is the owner of the Beijing store
Exactly, people need to get off the store, it's not CAGR's any longer.
Not closed, just no longer owned by California Grapes International!
IMO opinion the foreclosure will still leave them in the hole. The inventory was way over valued, don't know if they used retail price or a fantom warehouse but there is no way they had what they said. So, back into the real value and figure 10-20 cents on the dollar, not much cash.
OK maybe I think too logically so here goes again.
Let's just say boyce runs into 100 people every time he goes to the store. Let's say all his friends are their loving California wine and drinking it faster than they can pour.
Now let's assume CAGR had such store which they no longer do. What is CAGR doing for revenue and what are assets after liquidation?
Why is the store being discussed? It's a non entity, inventory is being liquidated to pay bills and CAGR is moving away from retail.
I agree mmtech
Simple question for the advocates.
What does a shareholder get for his money? What justifies the current market value?
Assets? What are they NOW
Sales? What will they be NOW, next quarter
CAGR can do this and do that is great, what is the real value of this company today? I know stock prices are future based but these guys hit the reset button unless I'm given data otherwise I will assume inventory for CAGR goes to $0 because of liquidation to pay bills and sales go to $0 because Frank is pulling out. $0 might be an exaggeration but there are no facts to prove otherwise.
CAGR has nothing unique anymore if they are using third parties for everything. They do nothing but buy wine from a distributor (not even the winery) then sell to another distributor in China hoping they get shelf position.
To be honest it doesn't matter who owns the wine. If its owned by WOFE, then they'll be able to pay back the loan from CAGR. If CAGR owns the wine, the loan is a write off. My only point is that both line items on the balance sheet shouldn't be wiped out with no return.
Also, the recent financials for CAGR showed $992K under "Inventories".
Do you know that for a fact? As far as I know CAGR did not have the rights to import wine into China and all went through Franks company. In fact, their own press release says they can't import wine into China which is why they are seeking an import partner.
Revenues have been coming in from sources OTHER than the newly opened retail store.
This is why their assets would go to $0.
"his intentions are to liquidate all assets and proceed with the course of paying off the debts and liabilities and close the operation through the legal process of Corporate Bankruptcy in China."
reduction in assets also
So you think this was a freely made choice? lolol
High volume today, rent is due.
With a gagged TA and company track record, one can only assume this volume is dilution.
Explain that earnings announcement.
inventory was up $690K but assets grew to almost $1M? What assets other than inventory is there? They valuing it at retail value?
Also, inventory grew $690K but sales were only $583K. If the gap doesn't come from dilution then where? If they're working the cash flow angle it all catches up eventually.
It wasn't panic selling, Frankie is done getting rent money, at least for today.
California Grapes: The Early Learning Wine Center
Phil's here I'm in, looking for big gains. Shorts will get squeezed any day now with big money to follow.
Does anyone have the actual address for the store?
The "grand opening" was two weeks ago and still not a single word from the company... very strange.
.05 is my target