California Grapes International, Inc (CAGR)

[StevenW]

I think most people's issues are not that a start up isn't profitable. Had GDHI simply just merged with CGI to start a new venture, then, yes, this start up should be treated as such. But they reversed merged, and issued more shares (although they are restricted, but still...) And now with these new fins, GDHI investors see that this new company they now hold less shares in and have more room to fall doesn't SEEM nearly healthy enough to warrant a 1:10 reverse merge.

Again, I'm just an average guy investing so there may be details coming in the CC that will help investor confidence (which is why I'm not making any decisions until after CC).

But yes, if you are new to GDHI/CGI, you're right, this is a start up new company and you might be justified in not being as upset by FINs. But if you were an investor in GDHI and see that these are the FINs the company is using to justify reverse splitting your shares 1:10...you may be a bit bothered.