From the THST SEC filings For purposes of the corporate governance rules of Nasdaq, we expect to be a “controlled company” upon completion of this offering. Controlled companies under those rules are companies of which more than 50% of the voting power for the election of directors is held by an individual, a group or […]
Dilution & Book Value – THST SEC Filing Excerpt.
Taken from Truett-Hurst’s SEC Filings. If you invest in shares of our Class A common stock, your interest will be diluted to the extent of the difference between the initial public offering price per share of Class A common stock and the pro forma net tangible book value per share of Class A common stock […]
THST – The Organizational Structure Maze
The following is an excerpt from Truett-Hurst’s SEC Filings. We apologize for formatting issues Truett-Hurst, Inc. is a Delaware corporation formed to serve as a holding company that will hold an interest in the LLC. Truett-Hurst, Inc. has not engaged in any business or other activities other than in connection with its formation. The […]
THST – Indebtedness & Loan Covenant Breach
Excerpts from The Truett-Hurst SEC Filings Regarding its debt. (we apologize for the formatting) Our primary sources of indebtedness are the Bank of the West Loan (as defined below) and notes payable to members. From time to time we may also enter into factoring agreements. Bank of the West Loan. On July 16, 2012, we […]
THST – Material Weakness In Financial Controls & Reporting.
From THST, SEC Filings Our failure to establish and maintain effective internal control over financial reporting could result in our failure to meet our reporting obligations and cause investors to lose confidence in our reported financial information, which in turn could cause the trading price of our common stock to decline. In connection with the […]
Truett-Hurst: Insiders, Ownership, History and Conflicts of Interest
It’s clear that Truett-Hurst has cobbled together a fascinating array of people, businesses, relationships and investments. Further, most of the conflicts of interest plaguing the company filings reflect a pattern of people in the wine industry doing business with each other in a perfectly usual and acceptable manner. But, when those relationships are forced between […]
Truett-Hurst IPO Stumbles Over Red Flags & Confusion
The decision by Truett-Hurst, Inc., (THST – NASDAQ Small Cap Market) to drop the offering price for its IPO should not be a surprise, given that investors were being asked to buy shares in a company with no physical assets, where public shareholders were locked out of any decisionmaking or influence, trumped by a small […]
Argentine Opportunities In A Wine Export Giant Betrayed By Banana Republic Bureaucrats
April 3, 2013
With wine imports climbing above 35% of the U.S. market, some domestic producers have found hope in California’s record 2012 crush along with predictions that the global harvest could be on a downswing. However, an Argentinian rain cloud may be drifting northward to satisfy a growing thirst for Malbec, one of the fastest growing varietals […]