Wine Doctor’s private placement is now $400,000 not $18,000


Change: offered +2,122% / raised +0% / placed 100%

wine doctorWine Doctor reported that its equity offering raised $400,000 and not $18,000 as previously disclosed in November 2012. It appears all the remaining $382,000 worth of securities were placed among the two investors that were already disclosed in Wine Doctor’s filing in November 2012. At the time they had invested $18,000 in the financing round. It took almost a year and a half for the offering to be fully subscribed and close. The offering structure suggests it should have closed on November 5th 2013. Up to now Wine Doctor had raised an estimated $50,000 in unregistered securities via one financing round.

The company designs and markets oxygen vacuum pumps and stoppers to preserve wine. The stoppers are engineered to hold a seal for over seven days and the pump to be efficient. The company’s “intelli-stopper” features a red indicator that shows if air enters the bottle. Three different pump and stopper kits are sold and retail price ranges from $19.95 to $39.95.

The company, headquartered in Las Vegas NV, is led by Robert Q Hoyt (President). Wine Doctor disclosed having revenues on or below $1 million.

The company has raised an estimated total of $450,000 via private unregistered security offerings.

Offering recap
Status: Completed
Company: Wine Doctor
Industry: Retailing
Amount offered: $400,000
Amount placed: $400,000
First sale: 11-05-2012
Data as of: 04-01-2014

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