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.
But both of us are on the outside with minimal info, and even that info has to be filtered of any spin that's been put on it. Time to wait and see.
But the discussion is really whether CAGRs condition is terminal or critical. Anyone who's not wearing rose colored glasses knows its not stable.
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