Truett-Hurst Loses Major Distributor

Truett-Hurst (Nasdaq-THST) filed the latest amendment to their troubled IPO on June 6, this after lowering its price for a second time on May 22 (Truett-Hurst Drops Offering Price Again).

While most of the changes are trivial formatting and minor tweaks, the major edits point toward the loss of some major distributor support and an unspoken concern on the part of the company’s attorneys.

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Also In This Article:

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• LOSS OF DISTRIBUTORS AND DISTRIBUTION REGIONS

• BIG DISTRIBUTOR GONE FROM PAPER WINE BOTTLE

• MINOR RESTRICTIONS PLACED ON INSIDER TRADES

• THST SAYS ESTIMATED SALES NUMBERS HIGHER, BUT NOT AVAILABLE

• POTENTIAL/AUTHORIZED INSIDER STOCK SALES NOW DEFINITE

• SOME CASH FLOW NUMBERS NOW MARKED AS UNAUDITED

• LAW FIRM ADDS NEW DISCLAIMER

PREVIOUS WINE INDUSTRY INSIGHT COVERAGE

• Truett-Hurst Drops Offering Price Again
• Bill Hambrecht: Billionaire’s Cash Flow Issues Have Broad Impacts
• Truett-Hurst IPO Struggles With Wary Investors, Pricing, Delays
• Truett-Hurst: Insiders, Ownership, History and Conflicts of Interest
• Truett-Hurst IPO Stumbles Over Red Flags & Confusion

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