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WII article prompts Triumph Wine Group to amend SEC filings & web site, but lacks vital state permit to legally make wine

This article is a follow up to: Triumph Wine Group Crowdfunded Financial Offering Marred by Inadequate Disclosure, Misleading Language, Flawed Business Plan


Wine Industry Insight’s Jan. 15 article has prompted Triumph Wine Group to quickly amend its Securities and Exchange Commission (SEC) filings and FlashFunders web site.

However, an offering statement in English still is not easy to find on that site, and many statements remain incomplete, unverified, or misleading. What’s more, TWG lacks a key state permit without which crushing grapes to make wine would be illegal.

Screen Shot 2018-01-17 at 5.13.42 AM

Statement from top of TWG crowdfunding web site.

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Also in this issue:

  • TWG  lacks vital state permit. Making wine would be illegal without it

  • SEC documents amended in response to WII Article

  • Web site update updated following WII Jan. 15 article

  • TWG walks back details on $545,000 raised

  • Offering Statement still not easy to find

  • TWG may have legal trouble using “Napa Valley Winery”

  • TWG continues to mislead investors with the meaning of “winery”

A longer discussion of many of these issues can be found in links from Wine Industry Insight’s January 15 article.

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