Replies to post #39039 on California Grapes International, Inc (CAGR)

[PhilCheeze]

well. the $12,000 judgement is a joke and it scares nobody.
Its laughable that the plantiff posts on GDHI's message board
knowing full well that Frank/GDHI had nothing to do with
the previous company.

Like, I said, what matters is that CFSC is shaping up to
be a strong player in the food and beverage business in
China. And as you and your friends noticed, nobody is selling
their shares. Float on this stock is all but locked up here.
Good Luck to you though.

[ACTC]

You beat me to it. I was gonna say the same thing.

[Alyssa]

YOU are wrong, 100% completely wrong. It is NOT a given that the successor company take on any debt of the retiring company. Where do you get this stuff? In addition, this excerpt is taken directly from the PLAN OF EXCHANGE signed on 5/22/2008 where it is clear that Diamond Powersports people were responsible for their own debt now existing or discovered post-closing:

"Elliott has eliminated all liabilities listed on Exhibit A and there are no unknown liabilities and/or threatened litigation or claims against DPWS. In the event liabilities are discovered after Closing, any liability that arose while Elliot was in control of DPWS shall be paid for by Elliot and shall be the sole responsibility of Elliot."

These claims of a Judgment against GDHI are BOGUS and you should not be spreading around FALSE information. Boo.