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Over a year now and delivered nothing, no new products and his BS about Green Energy is some pathetic nonsense about some paint instead. He can't have conference call cause he has nothing to say..but lies.
That being a month ago......tells me once again........:We're screwed! Not sure about how flexable you are, but if you could just bend over and grab your ankles now........the horror begins.
I hate to be negative, but when there is nothing positive to talk about, our leaders have gone completly silent & nothing....I repeat nothing has happened in this company to make anyone even smile in the last year........then I guess I live in negativeville.
If someone has anything positive to throw out there, I'm thinking now's the time. Our leaders have gone awall and comunication is non exsistant. Almost like what Hell's gonna be like.
When the paint news came out.....I tried, I really tried to find every last molecule of positive thought I could muster up and try to tell my self as stupid as this sounds for this company, maybe just maybe there are enough liberal nuts in the tree to go crazy over this.
Now that I've awoken from my positive fantasies and realized it was just a self induced dream.............I was back in the realm of reality. I like most of you are ready:
STILL SCREWED!
Warrants are at the end of July.
Where are new products, advertising, Warrants that have been coming soon since a year ago, still no conference call. Now paint?
Can you summarize all these things in a simple manner. What is this box series and how DRNK is going to benefit from it.?
Correct, Mersky's pattern since last confer call in June last year and now some paint BS with no revenues.
Guess no Zoom meeting as promised in 2 weeks. Mersky needs to learn about how to under promise and over deliver. He always does the opposite.
Look at all those 500 10,000 share trades..MMs so tricky...
Yes, just like last conference call where everything was a lie year later..
I am sure Mersky will clear everything up on the conference call. LOL
Mersky has led investors to believe Drnk had new products to be released, now he flips to Snnc and leaves investors with some paint BS that has no revenues and no contracts..and wants you to buy Snnc.
Mersky is doing a great job of driving the price down.
IG
Fantastic, much better than RS i, just my opinion
$DRNK$
I do hold some but I must say, what I-Glow posts I've seen as pain full to investors but factual. :0 BUT you can still make tons on crap stocks. :)
Tier Updated to Pink Current
$DRNK
??0.0002
Pink Current, AS: 25B, OS: 10B, US: 9.6B
Tier Updated:
?? Pink Limited Information
?? Pink Current Information
$DRNK
— OTC Updates (@OtcUpdates) June 3, 2022
💰0.0002
Pink Current, AS: 25B, OS: 10B, US: 9.6B
Tier Updated:
🔴 Pink Limited Information
🟢 Pink Current Information...
Full Details: https://t.co/pncZL58vsY
Any updates on the conference call ETA?
Is there any DRNK telegram room? I want to be part of the group. Please let me know.If it is not, isn’t it a good idea to form a group for long term investors.
$DRNK...CELLAR BOXING SERIES is a MUST READ for all new investors!!!
PART 1 http://investorshub.advfn.com/boards/read_msg.aspx?message_id=52672689
PART 2 http://investorshub.advfn.com/boards/read_msg.aspx?message_id=52664836
PART 3 http://investorshub.advfn.com/boards/read_msg.aspx?message_id=52664935
When is pps going to the moon.?Company is taking a lot of time to announce news.?They should be quick and precise.
Warrants...These instruments give shareholders the preemptive right to purchase additional shares of stock directly from the company, typically at a discounted price.
https://www.investopedia.com/terms/p/preemptiveright.asp
Drive it down no-glow lol
The warrants can't be sold until the stock is registered - that mean filing a S-1 by SNNC.
And there is a expiry date and there is a exercisable price that every shareholder has to pay - this is money going into the pockets of Mersky and friends.
IG
Warrants do indeed cause Dilution.
Warrants cause dilution because a company is obligated to issue new stock when a warrant is exercised. That is very easy to understand.
"A stock warrant gives holders the option to buy company stock at the exercise price until the expiration date and receive newly issued stock from the company."
"A stock warrant gives holders the option to buy company stock at a fixed price, the exercise price, until the expiration date and receive newly issued stock from the company."
"Exercising a call option does not involve issuing new stock since a call option is a derivative instrument on an existing common share of the company."
So there is a big difference between a warrant and a call option.
Everyone better beware of Mersky.
IG
The stock has to be registered to sell the warrants - Mersky is once again not being truthful.
"THIS WARRANT HAS NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED OR ANY STATE SECURITIES LAWS. NO SALE OR DISPOSITION MAY BE EFFECTED WITHOUT (i) EFFECTIVE REGISTRATION STATEMENTS RELATED THERETO"
That is SNNC will have to file a S-1.
Everyone really needs to understand the warrants - even if the company gives them away - you will need the money to exercise the warrants.
And a warrant has an expiration date.
This is more Mersky scamming.
IG
No you buy the warrants but when it is time to exercise the warrants into common shares you still have to pay the strike price.
Here is a real life example for edification:
FORW/Sharp bought 125 Million warrants for $200,000 the strike price is $0.20. For Sharp to exercise the warrants he would have to pay $25 million.
But the HUMBL price went below $0.20 and now the warrants are worthless.
And Sharp can't sell until the stock is registered with the SEC - DRNK isn't a SEC filer so no one can sell the warrants unless SNNC files a S-1.
Sharp spent $2 million to exercise 10 Million warrants and now they are worthless.
IG
A warrant is similar to an option, giving the holder the right but not the obligation to buy an underlying security at a certain price, quantity, and future time.
Warrants can offer some protection during a bear market, where, as the price of underlying shares begins to drop, the relatively lower-priced warrant may not realize as much loss as the actual share price.
https://www.investopedia.com/trading/warrants-risky-but-high-return-investment-tool/
Excellent, straight forward, non-emotional report. Thank you.
I feel like they are waiting until after the acquisition into SNNC to announce the new products.
Those explanations from the angry (hair on fire) bystander, are about 50% true, now let's walk through this transaction and clear up any misunderstandings.
1.) DRNK acquires Smog Armor for Pref Shares valuation TBD, no current dilution.
Smog Armor-has a patent pending carbon eating paint, could be huge, not
presently, the management team is very well positioned for the huge growth
that is anticipated with proper marketing (cost) . What did they have before, a
five-hour energy knock off not much revenue, replacing it with state of the art
paint that eats carbon with no competition, I personally prefer the paint deal,
tons of upside in the green space, etc..
2.) DRNK sells IP, Brands and formulas to SNNC, which has wellness brands.
DRNK shareholders will receive a valuation TBD upon definitive agreement
(we don't know yet, don't get your panties in a wad)
Will include a revenue share from the After Shot sales % TBD ( we don't know
yet)
Will receive a stock purchase warrant to purchase shares of SNNC at a
predetermined price, which they say will be at a discount to the current stock
price (example: wts exercise price is .02 the current stock price is .05, if you
had 1,000 wts it would cost $20 to get 1,000 shares of common stock, which
has a current value of $50 you are net $30 in the green)
Number of Warrants to be issued TBD
SNNC will file an S-1 to register the shares for the transaction to make them
free trading ( suggestion get a cusip for the Wts and have them trade as
SNNCW)
NO debt is moving from one Company to the other, don't listen to the noise
makers, just sayin
I'm making sure I hold millions of shares on July 29 2022....the warrant deal might turn out great dep. on the terms/price
https://www.allpennystocks.com/specialreportsus/2960/this-blockbuster-three-way-microcap-deal-is-getting-investors-excited?utm_source=advfn
You were correct with your explanation.
"This is an absolute win-win for all parties. The NOHO brands will now be much stronger under the Sibannac umbrella and the NOHO shareholders are getting tremendous value in return with Smog Armor bringing in an ultra-talented executive team and a terrific product line with its patented green tech paint,” said Mersky.
Hmmm that’s explained different than what I was seeing and understanding
Recent article I saw posted below:
https://www.allpennystocks.com/specialreportsus/2960/this-blockbuster-three-way-microcap-deal-is-getting-investors-excited?utm_source=advfn
If it works that way I would keep my DRNK shares and not do the warrants. I agree that green energy would be a better bet. Thanks.
$DRNK...Companies that need to raise additional capital can do so by issuing additional shares of stock. However, these additional shares will dilute the value of existing shares, which can be a concern for shareholders. Some companies, therefore, choose to issue rights or warrants as an alternative means of generating capital. These instruments give shareholders the preemptive right to purchase additional shares of stock directly from the company, typically at a discounted price.
https://www.investopedia.com/articles/investing/062713/investing-stock-rights-and-warrants.asp
I see it like SNNC gets DRNK. DRNK becomes smog armor. In super simple terms
No I see smog armor coming in after snnc acquires drnks assets.
It is my understanding that NOHO (DRNK) may purchase Smog Armor Inc. After that Sibanna will acquire all of NOHO's assets. Therefore, that would leave nothing of value owned by NOHO. The green energy company would be owned by SNNC. Is that how you see it?
It looks like Drnk is changing from a beverage company to a green energy company. I don’t know about you but I imagine green energy is a better play in the long run.
Everything is being transferred out of DRNK. Hard to understand how DRNK will have any value. It seems all the future effort and value will be with SNNC.
Current assets are transferring. The newly acquired assets are not. Shares will still be operational.
Why would anyone keep their shares of DRNK when everything is transferred to SNNC? DRNK would not be operational. Seems like we are forced to transfer our shares to warrants and purchase SNNC stock. Guess we are "painted" into a Smog Armor corner. Seems like Mersky to going to hustle the DRNK shareholders that loyally supported his ventures.
That isn't true - warrants aren't like dividends - you have to buy warrants. You don't buy dividends.
"The warrants are like a dividend. Your not losing shares of DRNK. They will still be there the warrants are the option to buy for a discount. You will still have your Drnk shares whether you buy the discounted warrants or not. Your shares of DRNK shouldn’t change."
Warrants cause dilution and if the price drops below the target price of the warrants then they are worthless and you have lost what you paid for them.
You will own the warrants and hope Mersky pumps the price but their is a time limit on the warrants.
A real company gives dividends because they have performed very well - warrants on the OTC is to enrich the insiders.
IG
And where are you getting the information that the warrants will not be exercisable for a year?
The shares are close to being worthless now - if SNNC acquires the assets and IP of DRNK - so DRNK keeps the debt and the shares will be worthless.
IG
Yes, DRNK will only be left with the debt as SNNC.
"This transaction will result in bringing all NOHO brands and products into Sibannac"
Mersky is big talk but always fails to Deliver.
So DRNK will have to pay for warrants that can't be exercised for a year and SNNC only had $2000 in revenue in the last Q.
IG
In the last SNNC financials the revenue was a paltry $2000 but the funniest part is the COGS were greater than the revenue.
So SNNC isn't doing very well with a Net Loss of $152,797 for the Quarter.
And the coup de grâce was the following:
NOHO, Inc. entered into a letter of intent to acquire Smog Armor, Inc., a special purpose acquisition company formed to facilitate the transfer of Smog Armor’s assets from Delaware-based Creative Carbon Solutions, Inc.. NOHO will acquire Smog Armor with convertible preferred stock which will not result in any immediate common stock dilution.
And don't forget you have to pay for the warrants.
IG
Oh wow, another infamous Letter of Intent - more meaningless pumping.
And only OTC novice investors will fall for convertible Preferred Shares not causing immediate dilution - the reason is that the convertible Preferred shares aren't immediately convertible.
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