California Grapes International, Inc (CAGR)

[wounded bear]

Looking at the financials I was concerned by the shortfall in sales and the amount of dollars tied up in inventory. At the same time I think the inventory build is a sign of good things to come, I just hope that Frank tells us these inventory dollars are now sales dollars wjhen he finally has the conference call. As I have stated many times, it is never a good sign when financials are delayed or held for any reason, and it is not a good sign to delay conference calls either. I hope Frank is just busy and not ducking. I am holding long, so I obviously believe he is out working, I just wish he had been more forthcoming about the share dilution and not tried to mask the dilution with his retirement of personal shares. I am not saying he did anything wrong, just that he was not his usual transparent self this time around, for which I am sure he had his reasons. I hope the pps can recover and still thrive when we start to see sales and profits build. I believe we are on the way to seeing that, and hope he can further finance using revenues rather than share issuances. I also will add that it would be a good thing for him to release q2 financials more quickly than he did q1 when the time comes so as to show that progress.