California Grapes International, Inc (CAGR)

[PJC1]

To be honest it doesn't matter who owns the wine. If its owned by WOFE, then they'll be able to pay back the loan from CAGR. If CAGR owns the wine, the loan is a write off. My only point is that both line items on the balance sheet shouldn't be wiped out with no return.

So tell me then, if it's all good, what justifies the market value? No debt is great, but now wine, no store and no customer is what? Would you lay out market value $$ from your own pocket and buy the company?