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We have also assumed that HWL will obtain the VQA designation and will therefore be able to command higher prices for its wine. If HWL does not obtain this designation, the results will be quite different. We did not take into account potential sales through home deliveries and the Internet, since we do not know whether this is legally feasible. Ventura will have a 25% interest in HWL at the outset, but this interest could increase to more than 50% if HWL is in default and the loan is converted. Pierre would then lose control over appointments to the Board, destroying his life-long dream of owning and operating a winery...
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