Ponzi Vineyards purchased by Bollinger

[Rodrigo_B]

Bollinger has a bunch of investors, and it’s taking money from the first investors to buy the winery, then attracting new investors and using their money to pay a return to those original investors, and then getting still more investors …

As far as I’m aware, the Bollinger family remains the sole owners of Société Jacques Bollinger SA (SJB), the holding company that owns most of their assets.

I’m oversimplifying it a bit, but individual family members of the Bollinger family own shares in SJB (either directly or indirectly), and SJB in turn owns the operating assets: wineries, distributors, etc. SJB is the entity that purchased Ponzi.

As a holding company, SJB may borrow some money to conduct acquisitions, but in those case, those are almost exclusively done on the balance sheet of the acquired company.

I think you might want to re-read the post and the follow up post.

I’m probably missing something. Did I get something wrong? Or am I just completely misreading Chris’ post?

[Jim_Anderson]

As far as I’m aware, the Bollinger family remains the sole owners of Société Jacques Bollinger SA (SJB), the holding company that owns most of their assets.

I’m oversimplifying it a bit, but individual family members of the Bollinger family own shares in SJB (either directly or indirectly), and SJB in turn owns the operating assets: wineries, distributors, etc. SJB is the entity that purchased Ponzi.

As a holding company, SJB may borrow some money to conduct acquisitions, but in those case, those are almost exclusively done on the balance sheet of the acquired company.

I think you might want to re-read the post and the follow up post.

I’m probably missing something. Did I get something wrong? Or am I just completely misreading Chris’ post?

Yeah. In a land where we cannot explain the joke I can’t point it out but perhaps you should look at the SCHEME-atics of how those two posts are built.

[Rodrigo_B]

I think you might want to re-read the post and the follow up post.

I’m probably missing something. Did I get something wrong? Or am I just completely misreading Chris’ post?

Yeah. In a land where we cannot explain the joke I can’t point it out but perhaps you should look at the SCHEME-atics of how those two posts are built.

Well, that went well over my head.

[Todd_Hamina]

I’m sure you’re good at other things Rodrigo.

[Rodrigo_B]

I’m sure you’re good at other things Rodrigo.

Somehow your consolation makes me sound even more inept

[crickey]

Chris described a type of scheme that rhymes with Fonzie. And shares the winery name.

[Chris_Seiber]

I’m sure you’re good at other things Rodrigo.

Somehow your consolation makes me sound even more inept

You always got my Rodrigo Blankenship jokes at least!

[Brian_Glas]

I heard that LVMH made a big offer for Biggio Hamina but when they saw Todd pull up in that E Class Mercedes the deal was off. I guess Bernard Arnault doesn’t like German cars…

[Todd_Hamina]

So close.