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Wednesday, November 21, 2012 4:27:40 PM
Revenues have been coming in from sources OTHER than the newly opened retail store.
This is what they need to share. Market value is X, what are sales after cutting frank and his part of the chinese business loose. Who owned the wine club members? You get the point.
Today, CAGR cannot import wine to China without Frank. They need to negotiate new agreements and hope there is a customer base for their product. So, I'll assume revenue will be $0 for a quarter because it will take that long to negotiate the agreement, order more wine (assuming they still have a credit line) and get it to China/through customs.
Plus, the chinese wine market is not any larger but their profits will be much lower going through an importer and not selling direct to consumer. So, they will need a chitload more volume to make up for it.
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