Hi. I'm actually happy to see this on here.
After reading the last few posts, there are points to both sides of the argument...I have done a good deal of investigating into this industry (Alcohol Distribution) after BRK A and Warren Buffett decided to begin, what I would call, their learning process.
I do know that the "bailment" procedure will allow this company individually to compete w/o having any inventory costs... as far as Liquor Distribution, this is HUGE.
The stock market is "fickle"... but honestly, so are people. This industry is consolidating "Like it or not" (similiar to the soda industry in the 40's). This is evident and becoming very apparent to funds such as "VICEX" and similiar family of funds that focus on this industry specifically.
Obviously, there was a 200:1 reverse...there HAD to be a reason to dilute the pre-existing shareholders, after all this was a company that put there assets into a BB shell . Perhaps it was an issue that arose from the previous deal...regardless, one has to make their own minds up of whether or not this is within their investment strategy.
I look forward to keeping track and watching this play out...
"Cheers" !
Wannacitrun