Eberhart's goals are two-fold: (1) He wants to continue transitioning out of an executive role in WineInStyle and more fully hand over the reigns to Khoo, who has proven to be a successful CEO and (2) Support Khoo's operating and growth goals which certainly require a cash infusion of some sort at the current rate of scale.
If these are both true, Eberhart should sell WineInStyle. I do agree that Eberhart needs verification of the investors' legitimacy first, but if they prove to be strong investors it is time for Eberhart to move on. He will make a great return and be able to pull away from his management time and trips to Japan. Khoo will have the opportunity to take WineInStyle to the next expansion chapter on his own accord and with his local expertise.
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