California Grapes International, Inc (CAGR)

[PJC1]

Also, the recent financials for CAGR showed $992K under "Inventories".

First of all, there is no way in hell they had that much inventory at cost. They may have played some valuation game to get the number up but no way.

Second, Franks company was under CAGR so it was all one big pot. Now that Frank is gone, and all the inventory is being liquidated, what is really left for CAGR? If Franks company was able to self clear, don't you think all the inventory was sitting under that umbrella, the Chinese subsidiary he created?

They didn't just get rid of Frank, they god rid of everything they had in China. Hit the reset button, back to square one. Sure they can import wine, what is the channel to sell it? How long will it take to get things up and running? Do the Chinese even care about their wine brands that aren't even known in the US?

Lots of questions and now answers. IMO, this is the reason they filed those financials when they did to buy themselves time before they need to do it again and maximize their ability to get something going before people see there is no revenue or assets.