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Yep, I was wrong. I admit it. What more can I say?
LMAO ME TOO ..bc theres not a couch big enough to get that much cash out of lol
I find it more amusing how you claimed Liqr would own DKAM...lmao
Sounds like LIQR got to keep the revenues from DKAM inventory they had and sold and otherwise, there was no awards or payments made to either company, but it's a little unclear.
Liquor Group Holding, LLC. Received Notice of Award
Press Release Source: Liquor Group Holdings, LLC. On Monday March 7, 2011, 8:50 pm EST
PONTE VEDRA BEACH, Fla.--(BUSINESS WIRE)-- Liquor Group Holding, LLC., a privately owned Limited Liability Company based in Ponte Vedra Beach, FL received notice of Award today in the case of Liquor Group Holding, LLC. vs. Drinks Americas, Inc., American Arbitration Case number: 33 154 00283 09 held in Jacksonville, FL.
Liquor Group Holding, LLC., a contracted brand supplier of Liquor Group Wholesale, Inc. (Publicly Traded: LIQR) has been involved in the arbitration against publicly traded Drinks Americas, Inc. (DKAM) for nearly two years, with multiple claims made on both sides of the arbitration. In the end, all claims by both parties were denied and only the remaining value of inventory was considered in damages.
Publicly traded Liquor Group Wholesale, Inc., a Colorado Corporation remains unaffected by the ruling, as well as privately owned Liquor Group Florida, LLC. a Florida Limited Liability Corporation, and Liquor Group Michigan, LLC. a Florida Limited Liability Corporation, each of which were unsuccessfully attempted to be attached to the Arbitration proceedings and none of which were listed in the final, incontestable award. All other Privately owned Liquor Group entities in other US states not related to the arbitration were also wholly unaffected by today’s ruling.
Well I guess the arbitration is over.
It will be interesting to see the outcome on the stocks involved!
I find it amusing that DKAM'ers think that LIQR did not pay the arbitration fees. I guess they are just holding on to the last vestiges of hope that DKAM is not going to loose the arbitration.
Perhaps if they just visited the American Arbitration website they would find that you can't proceed in a final arbitration until ALL fees are paid.
Too funny.
I never say to da moon on any stock.
I did hear that Birkshire was looking at LIQR, not so much for their business operations as for their pending patent for a business utility and numerous licenses which are getting more difficult to get nowadays. If you look at prior releases, you will find Maclane unit of Birkshire is buying alcohol distributors.
Read recent below:
With $38 billion cash, Warren Buffett looking for deals
Source: Reuters
By Ben Berkowitz
Sat Feb 26, 3:45 pm ET
Warren Buffett is looking for acquisitions as an outlet to deploy his $38 billion cash pile, the legendary investor said in his annual letter to Berkshire Hathaway Inc shareholders on Saturday.
Buffett gave an aggressive earnings forecast for Berkshire's collection of businesses, said the company would engage in record capital spending and forecast a recovery in the housing market would start within a year.
Foremost, though, was his acknowledgment of the need for Berkshire to expand its non-insurance businesses, a broad collection that most prominently includes the railroad Burlington Northern and the electric utility MidAmerican.
"Our elephant gun has been reloaded, and my trigger finger is itchy," Buffett said. The letter was released just before 8 a.m. EST (1300 GMT on) Saturday, as it is in most years -- and many large investors say they get up early that day to read it the moment it comes online.
The so-called "Oracle of Omaha" said Berkshire will need "more major acquisitions" -- with an italicized emphasis on major -- to meet its goal.
One long-time Berkshire investor described the letter as "punchy" and "confidently American," among other things.
"I would say as an investor, I think it's a very upbeat letter, it's one that celebrates his courage on behalf of investors of going into the marketplace when the world was most fearful," said Tom Russo, a partner at Gardner Russo & Gardner in Lancaster, Pennsylvania, who is one of the 15 largest holders of Berkshire Class A shares.
Buffett's enthusiasm for America was obvious in the letter, not only in his capital spending plans but also in his outlook on the growth opportunities for his railroad, his utility business and the other companies Berkshire owns that are fundamentally exposed to the U.S. economy and consumer.
"Money will always flow toward opportunity, and there is an abundance of that in America," he wrote.
That outlook could provide a boost to markets on Monday, as positive comments from Buffett's investor letter have sometimes done in the past.
SUCCESSION
Buffett addressed the hot-button succession issue in the 26-page letter, something investors had anticipated given his age, 80, and the lack of a clear replacement.
Investment manager Todd Combs, hired late last year, will manage an initial portfolio of $1 billion to $3 billion, Buffett said, and Berkshire may add another one or two managers over time alongside him.
But Buffett said he will continue to manage the bulk of the portfolio while he is CEO. Berkshire's equity holdings topped $52 billion at year-end.
He said less in the letter about who might follow him as chief executive of the company, though he said there were a number of good candidates. The most frequently tipped is David Sokol, chairman of MidAmerican and private jet service NetJets, who Buffett praised.
Buffett tends to give an economic outlook in his letter and this year's was no exception.
"A housing recovery will probably begin within a year or so," he noted, which has led Berkshire to ramp up spending and acquisitions at its housing-related businesses.
He was less bullish on interest rates, which have been low enough to earn the company a "pittance" on its cash in recent times. Buffett said rates will eventually rise enough to contribute more normal growth to the company's investment income, but it was "unlikely to come soon."
INVESTMENTS
Another hit to the investment portfolio will come from the redemption of crisis-era preferred investments in Goldman Sachs and General Electric. Buffett said both are likely to be gone by year-end. The Goldman investment in particular famously pays Berkshire $15 every second.
All things being equal, Buffett forecast Berkshire's "normal" earnings power at about $12 billion a year after-tax.
Some of that will come from dividends, particularly in large holdings like drinks giant Coca-Cola Co and bank Wells Fargo.
Wells has been hamstrung on its dividend payouts by post-crisis regulatory oversight, but Buffett said that should ease soon, leading to an increase of "several hundreds of millions of dollars" a year in dividend payments.
He forecast Coke would pay Berkshire dividends of $376 million this year, and he predicted that would double within another 10 years.
In the meantime, Buffett is spending on growth. He said Berkshire would make a record $8 billion in capital spending this year, with the $2 billion growth over last year to be spent entirely in the United States.
"Berkshire has created within itself its own outlet to redeploy capital," Russo said. "The best thing about that is when you can by that spending create additional competitive advantage."
BC baby whats going on here is this stock going to the moon or what
Thanks. Waiting to see DKAM fried in peanut oil.
Nothing to report here. I posted all the info I have so far.
MORE interested in the DKAM/LIQR standoff. lol
Hear any scuttlebutt?
MEXICAN STAND OFF?
LIQR is at $1.90 Bid x $3.49 Ask. Was $5 ask earlier today!
Hello again. Old man LiquorBroker here.
I still like this LIQR company, I see their trucks come and go, their drivers are happy, their employees are friendly and they seem to be moving a lot of trucks full of booze.
What more do you want from them?
That is funny! I guess you are right about that! That other company has laughable numbers for sure.
But in all seriousness, the reality is I still believe in the LIQR guys. There is something here worthy of watching.
He's certainly not the auditor and I'm afraid I'll take filed numbers any day over nothing.
And really, you think THOSE numbers are fudged? If you're going to fudge, wouldn't you fudge good numbers?
I agree with you on that point about AMEX, and I think they have met one of those requirements.
The funny thing about the company I love to hate is that the CEO is the CFO, bookkeeper and the Auditor as well, so what are the real numbers?
Sorry BC, I don't buy that explanation for why they don't report.
Audits are only cost prohibitive if you have no money or don't want anyone to know the real status of the company. Even the company you love to hate is fully reporting. That should tell you something.
As for the Amex, you are correct. However, in order to qualify for the $2 minimum they would need to have $15 million in public float and 800 public shareholders and 500,000 shares publicly held
OR 400 public shareholders and 1 million shares publicly held
OR 400 public shareholders, 500,000 shares publicly held and average daily trading volume of 2,000 shares for prior 6 months.
And of course, they'll have to be fully reporting with the SEC just to move up to the OTCBB, let alone a real exchange like Amex.
AMEX is $2.
Also, I think they made it clear that they did not want to have to report while making acquisitions because it was cost prohibitive to audit 2 years prior for each buy, yet if they are purchased while pink non-reporting they are only required to audit the info after acquisition.
I believe it's at least $3 minimum price to uplist and there are other requirements, including a certain percentage of non-inside shareholders.
Meanwhile, LIQR is "Pink Sheets- No Information", which is the lowest category of listing a company can have, and it has nothing to do with the stock price, and everything to do with the company filing no information since their reverse split and dilution of common relative to preferred. I would not look for an uplisting any time soon, but it would be nice to see them reporting with Pinksheets.com, if not the SEC.
Hey Kezz,
You posted this recently:
"These penny stocks are rarely driven by sellers. If there are no buyers, there are no trades. If buyers show up, there are almost always sellers to greet them..."
Here is my point: LIQR has had willing buyers on L2 at orders up to $1.95, but few if any sales occurred. Have you ever thought about why that $2 figure is important to LIQR?
I have, and that figure is the minimum share value for stocks looking to uplist, and from Pink to a major exchange, you must trade above $2 on average for 6 months in order to uplist with just a fee of a few thousand dollars.
Now if there were large numbers of sellers who did not care about this and only wanted to greet the buyers whenever possible, this stock would be trading below $2 all the time.
Also, keep in mind that even though LIQR is no longer a reporting company, the insiders are still bound by rule 144.
I see this posted every day on almost every pinkie with low volume - "Look, no one is selling".
Pinkies are rarely driven by sellers. They are driven by buyers. If there are no buyers, there are no trades. It's because of one simple fact. Pinkies are driven by hype and speculation. If they had strong fundamentals, they would be trading on a real exchange.
So when someone buys a pinkie, most (or the knowledgeable ones anyway), buy hoping for some hype. They then hold on until the hype comes and price moves up. They know that selling before the hype is just going to drop the price and they'll have a large loss. There's always hope that the hype is coming.
Insiders and the companies are in the same position, only with even larger numbers of shares, they are even more reluctant to sell. LIQR has "huge" trading days of $5,000 worth of stock near the historic low for the stock. Who would take a chance selling into that?
When I see LIQR move back to where it was last summer ($6+) on real volume (10k shares or more/day), then I'll agree that it's moving well. I still think it will be on hype, but at least a few shareholders will be making money. But my guess is that if you ever see volume over 10k shares in a day, it will be at prices well below the recent trades.
As far as anyone "not letting" anyone else "dump into the market", that's only current shareholders not selling their own shares. Insiders, the company and large shareholders can and will sell at will, subject to the personal restraints I outlined above.
Good luck BC.
My point is, the shareholders that own the stock do not seem to be letting them dump into the market, and oh by the way, have you seen the volume lately?
Who criticizes a company for having shareholders? Couldn't be public company without them.
Presumably every shareholder in every company that isn't selling their shares "think something good is in the works" or else there are simply no buyers for their shares. If anyone "knew" something good was in the works (or even thought it likely) you wouldn't see all these zero volume days, IMHO.
Yes, but it is funny how people criticize the company for having "holders". Seems to me that people holding the stock know something good is in the works.
LOVE IT ! There are NO traders in this... strictly "holders" for now.
Got it online from Buffalo Trace Distillery...
$2 x $3 is pretty good. I would take that all day long.
I was talking about the Jax news... I haven't seen the new one...yet
I Love expert opinions... AND,bid movement is academic right now.
Which one? LIQR was in the National Alcohol News today...
Great article...
Actually, it should be $200 EPS (if it were $1 pre 200:1 R/S), so we know that's way off.
As I said though, no one legit is publishing estimates for a non-filing pinkie.
$12 EPS post split. Do the math...
Didn't they do a 200:1 reverse split on the common and not change the conversion ratios for the preferred?
That explains the lack of buying IMHO. Fool me once, shame on you...
Also if it's $12 pre 200:1 RS, isn't that 6 cents now?
Beyond that they're a complete non-filer, so who knows what they make. Certainly no legitimate analyst, let alone Forbes, is making an estimate for LIQR.
Forbes.com shows $12 EPS based on old shares OS. This means that actual EPS is about $1 PS if my math is correct.
I wonder why this does not attract more attention than it does, but either way it is looking good.
Bid sitting at $2. No one posting crap about it here. I guess I was right earlier today...
Well, let's see how it plays out. LIQR making national news lately, and you have not seen sellers in the stock IMHO.
Because the bid size is too small and they don't want to tank the price for $500.
Level II is meaningless on a pinkie, especially one that trades less than 1,000 shares a day on average.
I'll be surprised if there's any volume (and I'm only talking about a few thousand shares) over $2.
Bid has been $1+ for months now, no one sold at those prices. If they were going to "sell out" because they had such a low cost of shares, why not hit every $1 bid, or even better, why not just hit every bid period?
Bid crept up to $1.95 last week and what looks like an existing shareholder sold some shares. Then the Ask went up to $4, showing that whomever was at $2 is now gone.
Now the bid is at $1.85 and no sells. Ask is at $3.
L2 shows it riding up to $11 with little in the way.
"Gone"? The stock traded $6,000 worth on Friday and that was a huge day. There were no trades the 3 previous trading days and 100 shares the day before that.
Meanwhile 200 shares traded today.
My guess is if anyone ever comes in with a big bid (and for this stock, that's a couple of thousand shares), they'll be able to pay what they want and it will be well below $2. So many shares held by insiders at very low cost.
Looks like the $2's are gone, moved to $4 ask then $3 ask, while the bid has moved up to $1.85.
Not sure what you mean by nothing? Can you elaborate?
Absolutely nothing again..wishful thinking
Volume this morning, I wonder what is going on?
I'm afraid I only look at properly filed information. If it's not available on the SEC or Pink Sheets site, I assume there's a reason.
But thanks for letting me know where you got the float number.
Go to the Liquor Group website, download the financial package disclosure, it shows the OS/Authorized and all details.
They are not even filing with Pink Sheets. Far more likely they go private in another sweetheart deal for the insiders IMHO.
There is no way to tell how many shares are available for sale. MMs show only minimum quantities and each day people can offer more for sale or up their bids.
Believe me, if a few $ could move this up, it would have happened. I don't think there are any big non-insider shareholders. With no information available about the company and their last move being to practically wipe out the non-insiders with the reverse split that left the preferred intact, I don't think most pinkie players would touch this with a ten foot pole.
And how do you know the OS, let alone the non-insider float? The company has filed nothing in over a year since voluntarily delisting.
You might want to heed Pinksheets warning about "No information available" companies - "Indicates companies that are not able or willing to provide disclosure to the public markets - either to a regulator, an exchange or OTC Markets Group. Companies in this category do not make Current Information available via the OTC Disclosure and News Service, or if they do, the available information is older than six months.
Pink Sheets No Information includes defunct companies that have ceased operations as well as 'dark' companies with questionable management and market disclosure practices. Publicly traded companies that are not willing to provide information to investors should be treated with suspicion and their securities should be considered highly risky."
You too. All the longs seem to just be sitting back and waiting. No real trading action and less than 5000 shares on the ladders all the way up to $11 per share. For a few thousand dollars a buyer could move this stock to $8 in one afternoon.
With less than 100,000 shares out in the non-insider float, this thing can move up without much effort at all, which is what I believe the big shareholders are confident in.
At this point, this is an asset play, they are rolling in assets as fast as the government approves them (see Montana PR where they patiently waited for the State to approve the transition). Once all those state level assets are in, this company will likely move off pinks and move on to AMEX or NASDAQ.
All my humble opinion.
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Liquor Group Wholesale, Inc. (Publicly Traded: LIQR) an emerging alcohol distribution/ brokerage organization representing thousands of brands with operations in 32 US States. Our Manufacturer to State level conveyance utilizes a Patent-Pending business model focused on providing unique trade channels for many of the world’s leading & emerging alcohol beverage brands. Current/historical financial information at: www.LiquorGroup.com and www.SEC.gov
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