Truett-Hurst (Nasdaq: THST) has lowered the target pricing on its struggling IPO for a second time. According to the company’s new S-1/A just filed with the SEC, the new range is now down to a target range of $6 to $8 — just over half of its original pricing of $11 to $15 when the […]
Bill Hambrecht: Billionaire’s Cash Flow Issues Have Broad Impacts
May 16, 2013
Billionaire financier and vintner William Hambrecht’s recent pattern of behavior toward financial obligations seems to demonstrate an unwillingness or inability to stand behind personal guarantees of loans or even to make mortgage payments on one of his prized vineyard properties that was almost sold at a foreclosure auction and still remains in jeopardy. The un-met […]
Truett-Hurst IPO Struggles With Wary Investors, Pricing, Delays
May 15, 2013
The Truett-Hurst IPO continues to struggle for traction in the public markets almost six weeks after the OpenIPO auction-style offering from W. R. Hambrecht commenced. (See Truett-Hurst, Inc. Announces Commencement Of Initial Public Offering). In the past, OpenIPO auctions have taken about two weeks and there was eager anticipation that this one would fall into […]
Lawsuits Put Wine Country Fracking Leases In Limbo
May 14, 2013
Two year’s worth of oil and gas exploration leases on approximately 20,000 acres of federal land in Monterey, San Benito and San Joaquin Counties have been thrust into limbo by two lawsuits — one of which has been a victory so far for the environmental groups which filed the litigation. At least 6,150 of those […]