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Friday, October 23, 2015 8:21:14 AM
This sounds like CAGR all over again. He's going to distribute in China where there is a large market. With CAGR, it was California wine and most of the wine imported into China was from France and the low end to the local wine makers with little market for California. Couple that with no wholesale distribution and boom out of business.
Now take cigars and do your research. He touts a big number but again most cigar imports are from Cuba with a good portion of the rest of the market locally grown. Sure there will be a market for the boutique makers but again, what is the wholesale distribution plan and staffing? Want brands will he be selling that do not exist there today making it an even smaller market?
many of the well know cigar brands are controlled by a couple large corporations and I'm sure they are in China already. That leaves only a handful of worthwhile boutique makers that very well could be there already too.
GLTA and sorry if you bought above .0001 but if you hold long enough, I'm sure Frankie will find a way to run it up again. He needs cash to live too..
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