California Grapes International, Inc (CAGR)

[Dragon5]

The Conference call will tell us a lot-Unlike a minority here I am not concerned right now about the number of shares-It has hurt us short term, but the dilution has enabled the company to grow rapidly and get operations flowing in China-Over time there will be meaningful share reductions as positive cash flow occurs-The big questions are how the food, wine and coffee are moving off the shelves at this point, does Frank still think we can do $1 million in revenues this year and have positive cash flow and earnings by year end, are we going to need more private funding which will again put further pressure on the stock, and why was the conference call delayed and why were sales in Q1 below projection-