Replies to post #74007 on California Grapes International, Inc (CAGR)

[winnotlose]

If Frank was sinking the ship, then his resignation is a HUGE positive. I would even imagine the board may have strongly advised him to resign. All involved realized 450K was going to lead the company downward. Franks gonna hold the bag for the bankruptcy in China, The stock price should climb on this news in all actuality. CAGR is saved for another adventure!

"Mr. Yglesias clarified that his resignation will also include his retention of the Wholly Owned Foreign Entity (the “WOFE”) known as Beijing Jin Long Fei. This communication further explained that as the “sole” legal representative of the WOFE, his intentions are to liquidate all assets and proceed with the course of paying off the debts and liabilities and close the operation through the legal process of Corporate Bankruptcy in China. "

"We believe that the end result will be a fiscally stronger, healthier company moving forward. The business plan for CGI is not a single revenue stream, but rather multiple channels of revenue."

[winnotlose]

I guarantee there are other venues of which the product can be moved in China. Franks association to the WOFE initially seemed to be the right choice, but it proved too costly. The management at CAGR should be commended for such a great bold move, I view this as excellent news, and a move in the positive direction! The WOFE anchor has been cut from the throats of investors!

"For every door that closes, another one opens!"

Buying more shares on the dips!