Cosentino Woes Mount, Stock Trading Suspended

Unable to meet the London Stock Exchange’s deadline for filing its financial statements for 2008, Cosentino Signature Wineries (LSE: MCOZ) asked today that trading in its stock be suspended. The company’s 2006 and 2007 annual reports were filed on May 9, 2007 and May 20, 2008 respectively. The deadline for filing is June 30.

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Also In The Complete Article

• TASTING ROOM UNABLE TO MAKE UP FOR SUFFERING RETAIL SALES An operational update filed with the London Stock Exchange [$VIP] on June 29, said that revenues were below expectations despite the fact that sales at the company’s Woodbridge and Napa Valley Company’s tasting rooms “continue to hold up well.” [Redacted. VIP subscriber content]
• CUSTOM CRUSH BUSINESS HURT BY LACK OF CAPACITY
• STILL LOSING MONEY AND SEEKING MORE CAPITAL

PREVIOUS WII COVERAGE OF COSENTINO WINERY

• Cosentino’s Strong Consumer Support Not Reflected In Financials
• Cosentino Scrambles For Shelter To Stay Ahead Of Lawsuits
• Sale/Leaseback Owners Shopping Cosentino’s Lodi, Pope Valley Wineries and Vineyards
• Cosentino’s Financial & Legal Woes Gathering Momentum
• Cosentino Defaults On Loan Interest, Says Current Banks Won’t ReFi

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