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Amazing, 700K were sold at the bid (.033) and the bid still holds.
OK, it does feel better, since -45% is better than -80%. But, I want to see the stock to form base, preferably around .05. Still no base and this 120% move was on light volume.
IMO the best news they can come out with is Agreement with KR + functional website and some sort of credit facility. I don't care if it's 50 or 10K a month. They NEED money in any form or fashion, just please, no Equity!! Unchanged number of O/S contributed to this run, no doubt.
Anybody knows who distributes Badass Beer?
215K
down 65%
"People talk about 15k in Sales last quarter, and don't even bother to take the time to find out why!"
Funny, on the contrary my friend, those who think "DKAM to the moon" don't even bother to be cautions even after the company reported 15K in sales. Why 15K only? NO MONEY! No money means no production, no shipments, no revenue. No revenue but constant expenses: salary, interest expense, legal fees etc. We do not live in some fairy tale, it's real world where those who unable to pay bills go bankrupt. Kezzek is right about 6M and rising debt. This is mountain for the company. Without serious investment DKAM won't endure it.
I have two accounts (actually 4, but use two) Zecco and Sogotrade. I'm watching daily activity on Sogo since my DKAM position is on Zecco and I don't want to get depressed every time refreshing the page. I swear the bid was at .0124
Still no support. The only number that is close to support is .01 Today at some point BID was .0124 and ASK .017. If someone sold a single share we'd hit a new all time low. Also, you can't build your hopes on ~ $10,000 volume .
"Oct. 7 -- Drinks Americas announced today that it has, to date, received $650,000 in new orders from distributors for Spirits during its fiscal second quarter for the period ending October 31, 2009. The Company expects to ship and recognize the majority of the revenue from these orders during its current quarter. The results exclude the sale of beer, from its labels such as Kid Rock's BADASS Beer.
You no longer can trust their PRs and can rely only on NUMBERS.
Numbers: $15,000. Beer: $0 as far as we know. Fail. Fail. Fail.
Rilo, with all due respect, do you STILL believe every PR they put up? They also PRed Israel deal zizillion years ago. If all their PRs were 50% reflection of reality this wouldn't be 1.5 cent stock.
Who said that they won't come up with "due to a shortfall of inventories and a new delay in financing we were unable to ship orders and they were shifted to the next quarter"
Sunzee don't get your hopes high. (Why would anybody?) DKAM PRs every 50K sale and how many of those (PRs) happened lately? I expect 300K sales Quarter and as far as CC concerned - another portion of BS.
But, hopefully, there will be some bounce. Dead cat bounce.
Place a bid at .014?
O/S 161,896,398 Printing press was closed for New Year.
"There were sales... Lots.... There still is a constant flow...."
If there is a sale, there is tax. Sale must be recorded - taxes must be paid. Who sold BAB to bars? DKAM? No, because they did not record it. IMO the only explanation I could come up with is that sales of BAB were picked up on the books of Michigan Brewery. They recognize their share of profit and leave the rest as Accounts Payable since it belongs to Kid Rock and DKAM. But DKAM would have to pick up accounts receivable then... Something is wrong here.
I'm listening to the next CC very carefully.
And that's exactly why I'm confused. If "Folks in Michigan" had tasted the beer and they tasted it like 4-5 months ago, means (supposed to!) beer was sold and delivered to bars. Sold and Delivered. 2nd Quarter. Unless DKAM is in charity business that was supposed to constitute a sale.
Guys, I'm confused... DKAM did not report any sales of BAB because they're trying to renegotiate agreement with Kid Rock and can not record any profit from sales of beer, OR there was not a single drop of beer sold in that quarter? Anybody?
In most of the local (brooklyn, ny) liqueur stores they have Olifant. They tell it sells OK. Maybe Santa invests 10M in DKAM and re-energizes it. Otherwise, Drinks Americas is history.
O/S 161,896,398 up 105,675 from 12/16 Looks like PK needed to shop groceries.
"Said about 24 million shares escrowed for suit. Both will be won and returned to treasury IMO."
What if both would be lost? :)
Should we start guessing towards the next quarter? Hmm.. let's see taking into consideration past performance I predict Sales $18 and COGS $20. It can't be lower than that, or can it? SG&A will have bonuses to employees and CEO for performance of the year. O/S will reach A/S. But there's good news: plenty of cheap shares for everybody!
What I don't understand (there are so many things about this POS not to understand) is why in the world company advertises, spends thousands of dollars (millions of shares) on promotional fee (this "Stupid tour") if it doesn't have inventory to ship?! I feel sick reading their MD&A: they issue stock back and force to pay obligations (interest, promoters, lawyers, employees) but shouldn't it be done in connection with S-A-L-E??? 15 freaking thousands... 15... This is soo wrong.
Dude, God bless you. You remind me myself when I entered at .13 Same thought process with "buy of a lifetime". Just a friendly reminder: even if you invest at 0.0002 you still can lose 50% and even 100% of your investment. We still have much room for everybody to lose. Welcome in.
Dude, do you read what you write? "Appears no lows will be tested today"... O'Rly? When was the last time this was 0.0128??
I'm gonna go ahead and post very helpful information for investors:
Investor sentiment does not appear positive for DKAM. At all. The company is in deep $h*t. Factor in further selling by discouraged investors and it is known exactly PPS will not go lower than 0.0001
Bloodbath tomorrow. I don't think penny holds. All those .01 bids will be lowered to .001 This can reach dead rock bottom mother of so many BK OTC stocks at 0.0001. Thank you Patrick. I hope my money were delicious. Eat well. God Bless you.
Not a single drop of doubt.
15,000?????? AHAHAHAHAHAHAHAHAHA PK is a genius!!!!
700K-750K in sales. Huge SG&A. Loss per share probably will go down since PK diluted us to death.
We'll see at 5 o'clock.
"The numbers released today won't mean anything--it's what the CC will provide."
On the contrary Lee, it's numbers that matters, not CC where PK can spin his way anything. No more BS. I want to see numbers - increased sales and lowered SG&A costs. Other than that PK can still talk about how future is bright and how the company will become profitable which we all know means $@#^.
I expect financials tomorrow (7 days after NT 10-Q) unless PK can't balance his balance sheet since he's CAO. Oh, boy, I hope he's got Accounting 101 basics.
Of course it was done for survival. No sane man would dilute 50% of his company at the lowest possible price (.02) if he believes the stock is at least .15 So, while I hate and cringe every time shares printed I realize without this DKAM would be GONE. Still it doesn't help the fact the company is severely mismanaged. Let's see if there's a beam of hope with the next ER.
Good post
not many sellers, not many buyers. all waiting for ER.
O/S: 161,790,723 up 1,911,000 from 12/11/09
PK's still paying bills with shares.
Yep. Waiting for it too. As practice shows they usually put it up 5-7 days after NT 10Q. Must be beginning of next week.
http://ih.advfn.com/p.php?pid=nmona&cb=1260914102&article=40774756&symbol=NB^DKAM
WHAT THE HELL IS THIS? TOO LAZY TO READ. GOTTA RUN.
I hope PK didn't prepare financials by himself as he's acting CFO now. Otherwise we all gotta run and hide. Won't be surprised if balance sheet doesn't balance :)
O/S 159,879,723 up 3.7M from O/S at the start of the week.
I got it! Under "credit facility" PK means printing press! Ha ha how convenient.
IMO nobody, maybe even PK himself have a clue of what's going on. The only thing for sure - this company is on the brink of "going belly up" (c) Sneaky.
So, sneaky, looks like you no longer sugarcoat DKAM, so please, give us explanation how, with what DKAM can get out of this hole?? You mentioned "$100 ->$1000" even after admitting the company is in deep ****. Thank you.
Sub-penny, here we come.
I really want to know where 50M of shares went to.