Ann: WINEDEPOT bolsters its executive team, page-8

When we see photos of warehouses full of wine on pallets, they have announced the names of some bigger industry players as having signed on (not just registered interest) and we start to get some revenue figures that show the business model works.

Any of those will start the ball rolling. All three and we will have a rocket.

It still worries me that they haven't locked in finance (CR). Less than 900k in the bank at the last quarterly and expected spend of $500k in the September quarter.

Add in unexpected start up costs, hosting wine events and employing good staff and they must be down to using money from the petty cash tin to stay open.

It needs sorting before any meaningful SP rise occurs.

Milesy