WII article prompts Triumph Wine Group to amend SEC filings & web site, but lacks vital state permit to legally make wine

January 17, 2018

Wine Industry Insight’s Jan. 15 article has prompted Triumph Wine Group to quickly amend its Securities and Exchange Commission (SEC) filings and FlashFunders web site. However, an offering statement in English still is not easy to find on that site, and many statements remain incomplete, unverified, or misleading. What’s more, TWG lacks a key state […]

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Triumph Wine Group Crowdfunded Financial Offering Marred by Serious Errors, Inadequate Disclosure, Misleading Language, Flawed Business Plan

January 15, 2018

NOTE: Lewis Perdue has decades of experience with public offerings as a journalist (The Street.Com, MarketWatch, Dow-Jones, Wall Street Journal.com) and from personal experience as the CEO of a financial payments start-up (PocketPass) which was acquired by a public company after implementing the first operational mobile payments company. Lew founded, operated and later sold Wines […]

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The Triumph code. There actually is an offering statement, but it is deliberately hidden and inaccessible

The absence of an offering statement seemed like the most boneheaded mistake a company could possibly make. As a business founder and someone who has raised funds in a variety of ways including partnerships and as a CEO of a NASDAQ traded public company, transparency, disclosure and the offering statement are fundamental. The lack of […]

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Triumph National Sales wines among many processed at three custom crush facilities

Labels for all wines sold must have a Certificate of Label Approval (COLA) from the U.S. Alcohol and Tobacco Tax and Trade Bureau (TTB) These three label approvals for Triumph Cellars wines tell the Bonded Winery Number (BWN) where the grapes were crushed and fermented. TTB COLA – 2017 Approval Chardonnay BWN-CA-21424 TOP IT OFF […]

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Sullivan Vineyards has continued to lose money as winery and vineyard sale looms

December 5, 2017

Sullivan Vineyards has continued to lose money as revenues and profits again fall below projections, according to the most recent operating reports filed with the U.S. Bankruptcy Court for the Northern District of Santa Rosa. (See tables and full court documents, below.) According to the reports, it it has lost $500,531 since filing its chapter […]

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14 Reasons the new NIH/industry-funded moderate alcohol & health study is on track to be a $100 Million CREDIBILITYflop

November 29, 2017

Click here for an editorial on the issues raised by this article: Alcohol science versus public credibility – Why MACH15 must correct its protocol in order to be worthwhile This full premium article has been updated with comments from Dr. Kenneth Mukamal, the Principal Investigator of the study. By Lewis Perdue, Publisher and Executive Editor […]

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Bankruptcy Court to Consider Formal Motion For Sullivan Vineyards Sale on Dec. 11

November 13, 2017

A formal hearing on a proposal to sell Sullivan Vineyards will be held at 10:30 a.m. Dec. 11 in the Santa Rosa courtroom U.S. Bankruptcy Court for the Northern District of California. The hearing follows an oral discussion during a hearing on Oct. 30, (previously reported by Wine Industry Insight) at which the Bankruptcy Trustee […]

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Tech entrepreneur emerges as white knight to end bitter Sullivan Vineyards bankruptcy

November 9, 2017

An experienced global technology entrepreneur has emerged as a white knight who is expected to make an 8-figure, all-cash offer to settle the bitter and contentious bankruptcy of Sullivan Vineyards by buying the winery and vineyards for an amount sufficient to reimburse all creditors and still leave some equity for the Sullivan family. The offer […]

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Sullivan Vineyards must be sold, cannot be reorganized says Bankruptcy Trustee. Family pushes back.

October 27, 2017

Sullivan Vineyards cannot be managed out of bankruptcy and should be sold in an orderly manner according to the court-appointed trustee Timothy Hoffman who says he has retained “Napa Valley’s best” wine broker. The grim conclusion “[T]he Trustee has determined that a reorganization of the Debtors’ business is not feasible. Rather, an orderly sale of […]

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Castlebank’s sketchy DNA on display in screen captures

September 27, 2017

This image was submitted in the class action complaint as an example of WTSO’s misleading promotion. The “original price” is misleading because this was a private bottling not ever offered at that price. It was made by J. Pedroncelli at the Cramer Ranch Vineyard. The glowing review is written by Jonathan Newman who — while […]

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