Wine grape outlaw Jeff Hill scores multi-million-dollar stock deal

February 21, 2018

DISCLOSURE: Lewis Perdue has worked for Dow-Jones and is a former business and financial columnist for MarketWatch, TheStreet.Com and the Wall Street Journal online. He does not own any wine, agricultural or chemical related stocks. Despite two felony convictions and a current federal indictment, Jeffry Hill has scored an agribusiness stock deal that could be […]

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 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 […]

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 […]

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 […]

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 […]

Calif legislation would put drinking water in same taxable category as tampons and diapers

August 25, 2017

California has long considered it regressive to tax items that are considered essential to life such as food, shelter, power, water and prescription drugs. Last year Golden State lawmakers took heat for labeling tampons as non-essential and now it seem on course to add drinking water to the list of items that should be taxed. […]

The Appeals Board opinion’s formal summary of what happened

April 18, 2016

Appeals Board quotes are in red Other than the addition of more paragraph breaks and omission of footnotes and citations for readability, the following is a direct, complete and unedited “cut and paste” from the Appeals Board’s decision that summarizes one of the ABC Bottlerock circumstances. Some specifics — such as the amounts paid, timing, […]

The bankrupt owner of the bankrupt Premier Cru has Wells Fargo’s $100K supercharged Corvette and they want it back.

March 2, 2016

Even as complaints about Premier Cru Fine Wines continued to mount on Yelp and The New York Times, John Fox — the now-bankrupt owner of the now-bankrupt wine company — found time to stop into a Bay Area Chevy dealership and buy a 2016 supercharged Corvette[$ VIP pdf] loaded with goodies and worth more than […]