360 Global Wine Company announced Monday that it and its wholly owned subsidiary, 360 Viansa, LLC, filed for Chapter 11 bankruptcy reorganization on March 7.
The company’s board of directors approved the filing of the petitions. John Bryan was appointed by the board as chief executive officer and chief restructuring officer to guide the companies through their Chapter 11 cases.
The filings will not affect operations at Viansa Winery and Viansa will continue to offer its award-wining wines and Italian Tuscan foods, said a company press release.
The company’s stock is traded on the OTC Bulletin Board under the symbol TSIX. When the OTC closed at 4 p.m. Tuesday, the stock was selling for $1.01 a share, up from a low of 35 cents a share at about 10:30 a.m.
The stock’s peak price during the past 52 weeks was $8 per share
Viansa files for bankruptcy
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