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The MM game to hold it down as long as they can in hopes for folks to be impatient and get the shares,smart one's loading for ride up.
$DRNK NOHO, INC. TO CONSOLIDATE OPERATIONS AMID BOOMING ALCOHOL SALES
https://www.globenewswire.com/news-release/2021/12/13/2350609/0/en/NOHO-INC-TO-CONSOLIDATE-OPERATIONS-AMID-BOOMING-ALCOHOL-SALES.html
Scottsdale, Arizona, Dec. 13, 2021 (GLOBE NEWSWIRE) -- NOHO, Inc. (OTC PINK: DRNK), a Wyoming corporation (the “Company”), announced the following:
The Company is finalizing an agreement with a Florida-based supplement manufacturer to assume production, packaging and fulfillment services from a single location.
Currently, the After Shot is manufactured and packed in one facility and the full product is shipped to a separate fulfillment center. Through the new logistics partner, the product will be shipped from the formulator in a concentrate, without water, which reduces shipping costs substantially. The product will then be finished, bottled and packed in the Florida location, which is an FDA/cGMP registered facility. Unlike most manufacturers and bottlers, our new logistics partner also has fulfillment capabilities on premises. As a result, the Company will eliminate the entirety of those shipping expenses. Further, reducing costs, the pick and pack charges incurred with each consumer sale are substantially lower than those of the current provider. As the Company seeks to launch three new products in 2022, starting with the nootropics, focus formulation, the cost savings achieved with the After Shot will be multiplied across the entire product line.
Alcohol Sales Soar
Since alcohol sales soared in 2020, revenues have remained high into 2021 and new categories have emerged that are poised to sustain growth into the future.
As consumers were confined to their homes for the better part of 2020, the popularized video-streaming drinking parties and amateur at-home barkeeps that emerged, have changed consumer behavior, perhaps for the long-term. The proliferation of DIY recipes from newly minted celebrity mixologists, combined with surging sales of alcohol-related hardware, has resulted in brands developing products in the new category of Ready-to-Drink (RTD). Research has also revealed that the increase in sales is from larger individual purchases, suggesting that more of the heaver drinkers may suffer an increase of the dreaded day-after hangover. The Company’s After Shot is targeted to the heart of these growing market segments. From the late-twenties junior executive, who still parties hard but now finds it hard to get going the next morning, to the soccer moms having after-game cocktails and the bougie, online drinking-club Winos, NOHO’s After Shot is the remedy for those next day woes.
NOHO is reacting to the evolving market by developing strategies adapted to the new alcohol consumer and increased consumption from regular drinkers. In either case, the overall surge in alcohol consumption and revenues is the ideal market environment and timing for NOHO going into the new year.
Eric Stoll, the founder of Lifetime Branding Collab. and now NOHO’s marketing and branding leader, said, “NOHO’s entry into the recovery space, given the recent massive uptick in drinking behavior, is timed perfectly. The After Shot is positioned to be completely unapologetic, offering a much-needed hand of natural goodness to the battle-worn partyer suffering the next-day blues. We don’t care who you are or how you got there, NOHO also stands for NO judgment! We’re building a brand around fun and the enjoyment of life.”
David Mersky, NOHO’s CEO, said, “The timing couldn’t be better for NOHO going into 2022. As we unleash Eric on the growing alcohol market, I’m laser focused on our financials and moving toward our planned offering.”
More from NOHO – In addition to the After Shot, we have developed a new line of products, all leveraging Hydro-Nano technology, which will be rolling out soon. For additional information and product updates, please follow us at www.nohoshot.com and follow NOHO on Twitter at www.twitter.com/NOHOdrink.
And that being said there’s a ton of names I’ve never seen post about DRNK before. Have a feeling a new wave of investors is swooping in today.
Lots of re twats going on twitter. Think we’re in for a pretty big volume day. Let’s hope it can actually positively affect the share price for once
Mersky trying to pump another trend but very late to the party.
That clown can't generate any revenue from the NOHO drink.
For the first 9 months of 2021 the total revenue generated revenue was a paltry $9,380.
IG
That is too funny - DRNK investors don't understand how shorting works - it isn't economically feasible to short a trips stock - but there is always someone ranting about ole shorty.
I suggest everyone research and understand the difference between short interest and short volume - a margin account - the $2.50 rule - the borrow rate - margin maintenance fees and I will post a primer on shorting that proves it isn't economically feasible to short trips stock.
There has been speculation about short sales on DRNK - it seems many don't understand how shorting works or the problems with shorting a Trips stock.
First, I would recommend that everyone call their broker and ask them if they can borrow shares of DRNK to short.
The shorting is a myth on all pinkies. Most don't understand that there are margin requirements for shorting stocks below $2.50. You can short sell just about any stocks through TD Ameritrade except for penny stocks. In other words, if you're trading OTCBB stocks or the pink sheets, you won't be able to short.
The average investor can't or it is extremely difficult to short a penny stock - the margin requirements are just cost prohibitive. You have to have $2.50 margin per share to short a stock under $2.50. It just isn't economically feasible.
If you want to short 1,000,000 shares of a stock at $0.0006, you have to have $2,500,000 in your account, and 1,000,000 shares at $0.0006 is only $600 - so it will cost you $2.5 million to control $600 of DRNK stock.
So you borrow 1 million shares and they are sold for $600 - if DRNK drops to the lowest that would be $0.0001 and you buy 1 million shares for $100 to repay your broker the 1 million shares of DRNK.
So you would make $500 and that doesn't include the borrow rate, broker fees, margin maintenance fees - so the best you could do is make a few hundred dollars but have $2.5 million tied up as dead money until you close the open short position.
The good thing is you won't get a margin call unless it gets over $2.50.
And for those using junk like the OTCShortReport - they need to understand that FINRA Daily Reg SHO data, it is meaningless on it's own. The Trade cycle is Trade Date plus 2 days for settlement, Daily Reg SHO only shows the Initial leg of each transaction and doesn't reconcile based upon settlements made seconds later as the trade has yet another 2 days to settle.
MMs do not "short" penny stocks. As part of making a market, they may have periodic short positions throughout a trading day if they fill buy orders for more shares than they have in inventory, but they also often have inventory when they fill sell orders. Having an inventory does not mean that they are going "long" any more than having a temporary net short position is "shorting." This kind of temporary short position is legal and necessary for efficient trading.
The FINRA daily short data does not show true short positions and that the FINRA Bi-Weekly report is the only reliable place to find the short interest. It also explains that when new shares are entering the market, they are reported as short until the stock is delivered.
The short data for all OTC stocks including those quoted on OTC Markets (Pink Sheets) is sent to FINRA twice a month by broker/dealers. FINRA compiles it and publishes a semi monthly report. These bi-weekly reports show the aggregate short position by all market makers as of that settlement date.
Hopefully this will help provide clarity and understanding about shorting and why shorting a trips stock is something that doesn't happen - or happens only in pinky fantasyland.
IG
how these otc crim ceos get away with stealing millions for so many years is mind boggling....look at ceo and wife and granny at TMGI....UNREAL ATM
The pathetic part is novice investors being duped by a lifelong serial scammer.
Mersky has been the CEO of DRNK since 2016 and hasn't accomplished anything of value except for self enrichment.
My real DD from 2016 exposed the DRNK scam which originated by porn star and fellow Arizonian Jay Grdina and then Mersky became the CEO.
Just a sample of the real DD exposing the scam and one of the Mersky fake acquisitions:
"Let's take a closer look at media360.co.
Whois information:
Domain Name: MEDIA360.CO
Administrative Contact Name: Reid Johnson
Administrative Contact Organization: The Planning Group
Administrative Contact Address1: 8800 N Gainey Center Drive
Administrative Contact Address2: Suite 176
Administrative Contact City: Scottsdale
Administrative Contact State/Province: Arizona
Administrative Contact Postal Code: 85258
Let's see what we can find out about Reid Johnson.
https://www.sec.gov/litigation/admin/2016/34-77625.pdf
https://brokercheck.finra.org/individual/summary/1043574
REID STUART JOHNSON
(REID S JOHNSON)
CRD#: 1043574
PERMANENTLY BARRED
The SEC has permanently barred this individual from acting as a broker or investment adviser or otherwise associating with firms that sell securities or provide investment advice to the public.
April 14, 2016 – On April 14, 2016, the Securities and Exchange Commission announced that Reid S. Johnson, the sole owner of formerly registered investment adviser The Planning Group of Scottsdale, LLC (TPG), agreed to settle custody and compliance rule and Form ADV violations.
Johnson and Mersky have a history together.
The DRNK share selling scheme is falling apart very quickly.
Quote:
Media 360 | Digital Signage that Pays media360.co/"
IG
Every time I see someone defend the MM's and say no naked shorting I find out they are hired by shorts (MM) to say these things OVER AND OVER AND OVER...Some of them for YEARS!!!
Funny how that works huh? I wander what their hourly wage is or if it is by posts?
What a pethetic existence... lol
muttsky tweets and over 200 million served at 0006....criminal
MUTTSKY LOADING THE ASK ALL DAY LIKE CLOCKWORK---TWEET N DUMP
TWEET AND DUMP
The insiders are dumping but on every OTC scam there are always posts about the nefarious MMs who are holding the price down. MMs don't care about a trips stock like DRNK.
Then there are the posts about ole shorty and No one is shorting a trips stock because it isn't economically feasible.
IG
Yep MM's holding it down... again... criminal... they need to cover so they wont let it run again on massive volume...
Sigh...
190 million shares and we can only get to .0006?
Great news ! But !! Unfortunately we’re the only ones familiar with the brand. :(
Great logo to branded name " we are there for you before and after the party" Yes
BOOOOM!!! Slap that ask and burn that short team!!!!
IR response..they are targeting established brand names in the market which is a great move for the masses of consumers already familiar with those products..
IF MUTTSKY WOULD STOP FEEDING THE 0006 ASK...IT WOULD GO
Let's GO!!!!!!!!!!!
Tweet, "distributors are looking for fully branded products now.. what's it mean?
Tweet:
“Good morning DRNK! As the DEA has cleared the path for Delta-8 THC, we are going into production of new products under our newly acquired RaD8 brand. Distributors are looking for fully branded product now!”
Good morning DRNK! As the DEA has cleared the path for Delta-8 THC, we are going into production of new products under our newly acquired RaD8 brand. Distributors are looking for fully branded product now!
— NOHO (@NOHOdrink) December 9, 2021
See some familiar names on here from a shorting group...
Don't give them your shares!
Sooner or later they will move on, in the mean time BUY up at these cheap prices they have walked it down to...
MM should go to jail for this stuff IMO
Maybe I'll get back double my shares.Dec.27th$DRNK
For F##%'$ SAKE WTF is happening here??? what a turd, a pos , .......
Desperation fun to watch,keep watching boys and girls,Drnk got it all going on..BABABOOOOOOOM
UN-BELIEVABLE !
THIS entire company and its scam officers should be disposed of. ANOTHER PINKY that stinks of fraud and ran by crooks !
WOW !
MAYBE if they put as much time into the actual product instead of diluting and scamming people. They could actually build some worth instead of scamming for pennies.
Chances are CEO needed a car payment. So unload some .0003's to get the payment made in time to drive home tonight. :) :)
.0003 bid..what a scambag muttsky is
LMFAO---@LOOKING GOOD...LOOKS LIKE A DILUTIVE PIG
Some are loading up today,looking good..Drnk
I am sure they will as soon as they learn how to spell space!
Lol I like where your headed!
Really? Hope it continues to work out going forward!
I've made some serious money on this stock. Not enough to let me retire but enough to pay some stuff off. Trip zeros have been good.
$DRNK #PlayTheMarket
Don't be married to any stock.
The good news is for pumping only so Mersky and friends can dump more shares - it isn't difficult to understand. Mersky is a conman and has been using DRNK as his personal ATM for years.
IG
SMH! The MMs don't care about a trips stock that Mersky has pumped for years.
But on these OTC scams there are always posts about the nefarious MMs driving the price down and ole shorty but it is always the insiders that are scamming novice investors.
Mersky isn't building a real company - he is a lifelong serial scammer.
IG
Wow looks like DRNK is current. Shocker. :)
When this hits .0002 I am buying 10 million shares for the future run up!
because david mersky is a dilutive PIG
Exactly,most all bogus trades except for smart buyers loading for near future.
MM selling to each other in order to drive down price all the while they are accumulating shares in the ? column for when this takes off...
Pure illegal manipulation that the SEC ignores when reported...
A-holes
This news not type to move PPS,but it is coming..
Because MMs want people's shares in hopes weak sell but nobody's selling but buying instead.
Because MMs want people's shares in hopes weak sell but nobody's selling but buying instead.
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