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I prevent the court and creditors, including the third parties whose assets are held there, from <br /> 2 understanding what is there, and to allow the Debtor to "keep its option open" in terms of <br /> 3 characterizing what it has possession of and who owns what. <br /> 4 11. The original Schedules (November 19, 2008) and first set of amended <br /> 5 schedules (December 2, 2008) both included a detailed two page statement showing wine <br /> 6 inventory as of the petition date totaling $464,895. <br /> 7 12. In the February 2009 Monthly Operating Report (filed April 6, 2009), the <br /> 8 Debtor finally provided a new statement of wine inventory. It reveals, although not <br /> 9 admitted by the Debtor, that the Debtor claimed wine owned by third parties as its own <br /> 10 property, both prior to the petition and in the Schedules filed in this case. This is <br /> particularly apparent as to wine held in tanks. A comparison of the original schedules with <br /> 11 <br /> the revised statements is as follows: <br /> 12 <br /> 13 Old Lockeford Winery ("OLW")Wine <br /> 14 Original Inventory March 2009 <br /> 15 Schedule Inventory Schedule <br /> Total Bulk Gallons 38,860 gallons 5,550 gallons (tanks) <br /> 16 Value: $355,120 Bulk Value $48,400 <br /> 17 tanks plus barrels ? Retail Value $315,126 <br /> Total Barrels not sho 270 barrels <br /> 18 15,930 gallons <br /> 19 Value: $139,240 <br /> Total Tank and Barrel 21,480 gallons <br /> 20 Total Value $187,640 <br /> Total Cases 2,531 1,706 (cellar-value $177,696) <br /> 21 340 (tasting room value $57,685) <br /> 22 Value: $1x9,775 2,046--total value $235,381 <br /> Grand Total $464,895 $423,021 <br /> 23 "Presumed n/a 3,186 gallons/54 barrels <br /> 24 Abandoned Wine" $ 28,320 (bulk value) <br /> Owned by Bill Leitz 1 $247,503 (projected value <br /> 25 "Converted" Value $1,942,114 <br /> 26 <br /> 27 <br /> 28 <br /> 128100001nW A0075902DOC) <br /> 4 <br />