Aug. 18 at 4:52 PM
$WVVI Our latest report: The Man Behind the Curtain.
WVVI is pitching investors on a “destination resort” that is not allowed under Oregon law while the company ended Q2 with a
$534K bank overdraft, has
$46.9M of preferred liquidation preference ahead of common,
$3.1M+ of long-term debt classified as current, and took a ~
$1.1M RNDC-related credit-loss hit.
Strip away the management pitch and we believe the liquidation math is brutal: WVVI common is effectively a zero.
https://www.woodworth.fund/news/willamette-valley-vineyards-wvvi-the-man-behind-the-curtain