Doug and Ramona Wagner and money just do not go together. Why you ask? First, a little history. Let's look at the facts from their last failed businesses. From the mt.gov website, Doug's ClearWeather Wines, Inc. business issues 650 shares when incorporated in the summer of 2006. Assuming Doug and Ramona held on to at least half of the shares to keep control of the business, ~324 shares were available for investors to buy. Doug was selling shares at $1,000 each. There was a point in time when Doug said almost all were sold. Let's assume 75% were issued to investors. This means ~243 shares were sold at the $1,000 price which would have raised $243,000. A nice investment for a new business.
In early 2008, Doug was out of money. In less than 2 years, ~650 days, Doug spent all his investment money. If you do not include any revenue from wine sales, he lost around $375 a day, 7 days a week. How do we know he was out of money, he told us so. The businesses listed Account Payables, the Investors, the employees. So, what does Doug do, he signs up for a Dish Network account and has it installed in his apartment at the winery. Typically, Dish Network is a two year contract and is never as cheap as advertised. Needless to say, the dish was gone after a year. Doug was gone a year later.
With dwindling funds and customers, Doug would try to barter wine for services. It is not known if this practice is legal under state and federal law. End result, Doug fled Missoula for the Bigfork, MT area. He can be reached at 23395 MT HIGHWAY 35, BIGFORK MT 59911.
So, Doug is now trying to license his new business, Prodigy Wines, Inc. with 50,000 shares to offer to investors. Will this be déjà vu? Doug will probably be looking for investors if he has not started already. Remember, "Those who do not learn from history are doomed to repeat it”. Doug and Ramona Wagner and money do not go well together.
