New Vine Deal Increasingly Fuzzy

Dear Client:The auction for New Vine Logistics (NVL) was supposed to kick-off today, but the drama continues after lead creditor Inertia Beverage Group (IBG) announced it is extending the auction deadline by two weeks. The auction will now take place Monday, July 27th at 10 a.m. The question remains, is anyone besides IBG still interested in making a bid?IBG chief said in a statement that they are extending the deadline because it “is in the best interest of all parties