California Grapes International, Inc (CAGR)

[BRinvest]

Frank just returned my call and explained the main questions of the day...

1- They are retiring the shares that are in their possession, that means that they are retiring from the restricted shares.Which in anyway is a good thing, even though it may not change the float it can still bring a increase in the PPS since we are talking about a decrease in the market capital. If they believe that they can retire the shares now and keep only 10% of the total of their positions in hands, it could mean that they really believe that the price can increase and may confirm the commitment to boost the shareholders value.
2- he confirmed that they will be retiring the 100mi lot by next week, right after the holiday and MOST PROBABLY we will hear about that next week. As I already said yesterday, the transfer agent confirmed me that they have indeed retired the 400mi shares last month.

He also referred about the revenue and said that they are expecting to the vanguard deal to be more effective after the chinese new year. and that they prefer not to especulate about this before. But he also said that right after that they will start the product placement inthe stores.

Hope this may help

BR