Replies to post #35631 on California Grapes International, Inc (CAGR)

[Alyssa]

Mr. Y has already communicated with shareholders just a week or two ago, and then provided still another update on 11/4. There is no real need for a CC and one was never promised.

Highlights for the 3rd quarter 2010:

-- Total Inventory as of 3rd quarter end 2010 $246,423USD as compared to 3rd quarter end 2009 $40,944USD, a 600% increase.

-- Total Assets as of 3rd quarter end 2010 $753,274USD as compared to 3rd quarter end 2009 $258,967USD, a 290% increase.

-- Net Sales as of 3rd quarter end 2010 $75,064USD as compared to 3rd quarter end 2009 $7,670USD, a 1,160% increase.

-- Total Net Loss as of 3rd quarter end 2010 ($75,909USD) as compared to 3rd quarter end 2009 ($128,622USD), a decrease of 40%

-- Total Stores as of 3rd quarter end 2010 the company has 746 points of distribution

-- Total Employees as of 3rd quarter end 2010 the company has 15

Mr. Frank Yglesias, CEO, stated, "Currently the company has account receivables of over $140,000USD, we have hired 2 new employees sole dedicated to collections of these accounts. We continue to grow our footprint in the city of Beijing, and we feel very confident in obtaining our goal of 1,000 convenience stores/supermarkets by year end 2010."

Additionally Mr. Yglesias states, "We are on the 4th leg of our relay race, we must focus not to drop the baton, while dashing to the finish line."

It's all good.
:)

[Crystalballz]

how many CC's do we need? Are you trying to flip this now?