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It's going to be a long road to any hoped for valuation, but this under a buck price seems unbelievable. I keep going back to past versus current valuations of similar companies. The growth of these beverage companies and how that is rewarded by the market is all I need to see. Living in Ann Arbor I know more than a few Ford execs, its a shame that Ford can't make on a car the money that is made on a bottle of alcohol. Amazing margins.
Rilo I increased my holdings by 50% based on the photo of the Dre bottle design. Good timing and much thanks for putting it up.
Polite request to drop the Eubonics. Really much closer to Amos and Andy than Gangsta'. Enuf is enuf.
Sneaky Do you really think retail is pushing this down? DME collecting shares for Dre coupled with the forced liquidation of small fund was a far more attractive theory.
OT uw86 Yes I like A2 very much. Kind people, easy pace, but with the feel of living in a much larger city. Although it would be nice to have a place in Key West for February-March.
Not seeing the shot here in Ann Arbor MI either. Labeled Aftermath?
Reading through a weeks worth of posts. Thanks to all who took the time. One question; it was suggested that Dre would be able to pull market share instantly. No building a market required, eg. Trump. I had thought Trump would have been able to draw instant market share as well. I am thinking Dre cognac will take time to gain a market. Am I wrong? Is Dre really that much bigger than Trump? Or is DKAM counting on the new distributor to increase sales rapidly and prevent the decline in numbers seen after Trump introduction? Comments?
I have 110,000 shares. Do I get a free blender or something?
Still expecting .20-.23. My average is .29 and I'm resigned to waiting it out. Meaning waiting out this accumulation phase. Expecting late summer early fall reversal.
I'm not sure the patrician canadian gold bug would scare these guys but Crazy Eddie might. Remember him, Sam Antar, former stock manipulator turned crusader?
http://www.whitecollarfraud.com/index.html
Anyone thinking RILO is Donald Trump?
Nanette,
You have confirmation that Dre wanted 10 million shares and DMEC is taking care of the order? I agree that it seems highly likely but direct confirmation?
Link to Zecco post if you want to read the entire piece. http://www.zecco.com/forums/An-old-DKAM-with-a-fresh-new-face-31587_1.aspx
Nanette posted the following information on ZECCO.com. Enthusiastic presentation of fact mixed with conjecture. IMO I don't think it helps the cause. The zecco editor noted he will be removing the thread due to the 'pump and dump' nature.
Sources close to Dre have relayed some rather intense information. Dre wants no less than10 million shares and in order to do so without the price skyrocketing, and without the company having to issue more shares, the company had to get involved in another way. They retained DME Capital who has a proven track record of accumulating very large positions in stocks while trying to go undetected for very large shareholders. He wanted them at less than 40 cents if possible. When news surfaced of what he was up to, the stock took off from 20 cents to 60 cents very quickly. DMEC initiated a program of buying and selling stock to themselves to keep the price of the stock depressed for as long as possible to gather those shares for him and their other "privileged clients."
As if that wasn't enough, the company will expand on the Dre offerings with an immediate follow up from other named U/I artists. Right now they are working with 50 Cent, Eminem, Fergie, Gwen Stefani, Busta Rhymes, Snoop Dogg, Mariah Carey, and Sheryl Crow. They have even gotten the creme de la creme in a deal with Playboy Enterprises for an alcohol and energy drink offering. This too has NOT been offered in a press release yet. Just waiting for the attorneys to do their thing. No inside information on any of this. Just intense due diligence from a number of people in the business. Management is willing to tell their story in interviews and just answering questions that are asked of them. The last press release was in April by design to draw interest away from the company and allow the intense accumulation phase to be completed. At any time, as early as Monday June 16, the company will begin a press release campaign of every one of these things that should continue right out over the next two years at a minimum.
Not a bet I want to win, and so no thank you. I believe we will all make money here, eventually a lot of money. But I also believe we are being played today and yesterday and probably tomorrow.
I think it matters. I think it's symptomatic of the larger picture. If nothing else it diminishes the credibility of the company and whomever they hire to represent them, including PR and icons.
Corrupt or incompetent. Is there another explanation? I don't see it. Not with a 19 million dollar market cap.
Market cap is now below 20 million. I am certain it will trade at .20 before August. Test of wills.
Left speechless?
Just posting about my son and I read your post. Deepest sympathy and prayers that all will be well.
Sam
My 15 year old owns 250 shares at .26. He's pretty good at TA and thinks this is bottom, looking for 3-5 in six months.
I would now expect a real push to pick up any shares possible in the final week(s) before the run. The 25.5 cent print being a stab at .20-.23. Could say it's a 'good time to add' but as we know they'll raise the ask and not fill. Incidently the market cap is 20 M at SP of 25.5 cents. Note to DME: Real funny Suits, hope for all our interests you're a bit more clever than the guys at BearStearns.
Always wanted to talk to a market maker. I knew a few CIA/USAID guys from working on DARPA contracts and always envisioned MM's as the same personality type. Anyway, my question to you is what do we stakeholders do to speed this up. Nanette is on the warpath and I am very glad she is on our side. What do you and your MM friends think? Should we storm the office or sit tight?
Sam
I think Nannette is dead on right in why and how this stock is at 27 cents. And as an embittered veteran of start-ups I don't expect the whole truth and nothing but. We've suffered through months of manipulation and it would seem that the time is almost here for the SWAG salesmen in nice suits to bring the share price up. They will use the same tactic to drive the price up, although I would hope the intrinsic company value would be sufficient. If the professionals can move the SP to 4 let'em. I'll donate a big chunk of my change to the Heifer Foundation in their name. I don't want the SEC to stand in their way.
20 million market cap. 40+ million in projected sales for year end April 2009. OK
"So the complete lack of any concrete information on Detox continues. Fans are left to either piece together information from artists who are working on Detox or make up their own news." Doesn't mean it WON'T be this summer. The original article suggested Dre's new buff self and BIZ deals imply sooner than later.
Looking for info on Detox release date. Still seems subject to debate.
http://lyay.net/why-detox-is-coming-soon
40 million in projected sales?? Is the China distribution deal signed? India? Russia tax issues resolved? Detox release date firm? 2 to 40 million in a year? Not comfortable with best case scenario estimates. Is that what the 40 million estimate is?
Maybe these guys would be interested in DKAM.
http://www.sec.gov/news/testimony/ts142000.htm
To orchestrate a hyperbolic move, DME has to control most of the floa...yes? They may also need PR ammo to maintain interest, although the move to 3 with the Trump PR looked easy enough. They may want earnings,China and Dre's CD out in concert for a big push. Any speculation as to what Dre's target might be? I'm sure shares assigned to Dre personally are restricted, but the shares his Auntie Mable bought are not. I'm hope these guys think big and don't start dumping at a buck. I figure the piker retail trade that follows TheLion board will go for the 200DMA. We'll see, but getting a bit fed up with 30k in dead money and wondering if they have to squeeze shares for every gangsta in the que.
Ignore her, just smug cause she made a few grand shorting. I'm looking for a few hundred grand.
Sam
What course of action at this juncture?? I think most of us who are holding shares know the company story and are confident that the share price goes back to dollars. The question is when will this occur and will it happen any faster if we shareholders apply pressure. I am inclined to take SWANNLESS3's stance and just sit tight and play the game (albeit as a pawn).
Low volume, Eh?
Thank you for the welcome. Not much to say here other than I think the company has a good shot at success. Owned the stock previously but sold when it spiked above three. Bought again on the run-up from twenty cents. Hoping the Russians like the flavored vodkas and The Aging Donald still has some appeal. Dre does have an audience, without doubt. Thinking that 1-3 dollar share price is not unreasonable if TV sales show a respectable increase and Dre introductions move forward on schedule. My Take.
Must disagree with you on accepting less than a full candle as gap closure. Moreover a note on gaps from John Murphy
"There is an old saying that the market abhors a vacuum and all gaps will be filled. While this may have some merit for common and exhaustion gaps, holding positions waiting for breakout or runaway gaps to be filled can be devastating to your portfolio. Likewise, waiting to get on-board a trend by waiting for prices to fill a gap can cause you to miss the big move. Gaps are a significant technical development in price action and chart analysis, and should not be ignored."