California Grapes International, Inc (CAGR)

[PJC1]

I can't find all the reports I saw a month or so ago but here is a blurb I just found. The same article estimates the CA wine business at $18.5B

"U.S. vintners shipped $35.7 million of wine to China during the first eight months of this year, up 20 percent from a year ago, according to the Wine Institute. California wines make up 90 percent of those U.S. exports." This was for 2011.

So my point is out of the total consumption CA wines are relatively low. I had percentage numbers but can't find them again.

This is why I see it as a long term play and I only bailed now because there is not enough cash to finance the business the way I see it without selling more shares as we have seen. They sold shares just to satisfy $10K debts.

I'm watching and I would rather buy back at .05 if it runs to .50 than say I was in at .004 when it ran to .50 considering the potential downside.

I sold a bunch a couple/few weeks ago to cover cost but here is my final exit. GLTA


12/30/2011 11:56:09 Sold 78000 CAGR @ 0.0053


12/30/2011 11:56:09 Sold 24000 CAGR @ 0.0052


12/30/2011 11:56:09 Sold 325000 CAGR @ 0.0051


12/30/2011 11:56:09 Sold 814624 CAGR @ 0.005