California Grapes International, Inc (CAGR)

[NASCOW]

Excuses Excuses Excuses

Moderator: Another POST should be stick - eeeeed
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=75962319

The “CGI” Retail Store was targeted for first part of April 2012 to open. This has been delayed and is now targeted for the first part of May 2012 for the Grand Opening. The creation of a “new” Beijing subsidiary for reduced tax purposes, holiday schedules, demolition times and detailed planning for the right materials and fixtures for the build-out, all contributed to a longer process than expected. As preparation is the key for success, we believe the decision to move the opening date out will greatly benefit all future deployments.

According to 1Q financials it appears they can't afford the detailed planning for the right materials and fixtures for the build-out

IMO