California Grapes International, Inc (CAGR)

[StevenW]

True. His comment was that the company is based around the retail supply chain. Competing with the bigger wine players in retail stores who have access to much more capital and inventory warranted cagr needing open itself up to additional investment. He did specify that the shares are restricted.

So, yeah, essentially I take it they are using those funds maybe for more shipments, getting into more retail outlets that can compete against the larger players, ect ect. Who knows. Of course, if I would have heard the CEOs gave up a portion of the shares issued to them personally in order to raise this cash, I'd be buying right now. I am currently holding til cc and if I don't hear anything specific about what this money went to, I'm selling out.

Jeff did say he was excited for the cc and the next year and certainly didn't sound like a guy trying to dodge shareholders. I stick with my initial thought...why would they issue shares before the cc?? Because there is something worth paying for that they are announcing. (only speculation)