InvestorsHub Logo
Followers 605
Posts 18327
Boards Moderated 0
Alias Born 02/23/2010

Re: db7 post# 76

Monday, 06/20/2011 10:23:08 PM

Monday, June 20, 2011 10:23:08 PM

Post# of 330
You bet, Geerlings and Wade decertified from GEER in 2003, the private company went bankrupt 14 months ago, not GEER. GEER is a shell, who's owner is the same guy who ran Geerlings and Wade. GEER is a shell, that the owner most definitey wants to sell to a company for a R/M. Nobody knows when that will happen, but, the point of all this is that Geerlings and Wade (Vinification) has up to $6M in NOL's, and the bankruptcy court will try and get the creditors as much money as possible. If the owner of GEER wanted to make GEER a better asset, he would roll the NOL's in, and GEER could sell at a higher price.

Why are we talking about this at random this week? Because somebody has been buying in the last month...just look at the accum...

Buy Value

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.