Thursday, 25 March 2010
Finbow Fine Wines Ltd: a further update 25th March 2010
I understand that Paul Rees, director of Finbow, has a meeting with the police investigating Finbow and Nouveau World Wines Ltd on Monday. There would appear to be some hope that money that people paid into Finbow can be recovered. That may be clearer after Monday’s meeting.
Paul Rees remains convinced that Finbow has a viable business model. On the face of it, however, I have severe doubts.
In view of the police investigation it is probably wise not to give further details, although this may be possible after Monday.