So here's my next prediction for those following... and for some reason there are quite a few. Go figure. I just call them like I see them.
The next financials you all will see will be claims of huge increases in sales. They did this back in 2009. The problem is they state in terms of percentages. Stating in terms of percentages versus actual revenue is both misleading and deceptive. So if you see an announcement stating a 1000% increase in sales from last report understand that it represents $250,000 in gross sales, probably $50,000 in net at best. This is a deceptive practice they have used in the past and I would bet it will come into play again. Bottom line is this company is insolvent by every definition of financial analysis. Every piece of confirmable financials confirms that. The best bet any investor has is they can keep it going long enough for the zero cost basis guys to get out with something and those who got in somewhere along the way to make a little dough or break even. The new investors will be left with nothing. Same as 2009. If you didn't get in at .0001 you're going to be toast. Just a matter of time. They're out of money and time. Keeping the stock trading is all they have.
And there are no new products. No wine, no brandy, etc. It's all to get you think future revenue that doesn't exist and will never happen just like 2009. I don't think they're even still in Costco. Anybody check recently? I know they're not in Burbank or they're out of stock because it wasn't on the shelves this morning. Had a friend check on that. Mostly Kirkland private label and Grey Goose.
Not Looking good but I give Magrit and family credit for running the same game twice. Maybe they can go for a third in 2019. If I got $6 million for running a company that lost $40 Million and then another $6M the second time around I'd shut it down and start again just like she did. Pretty smart.
