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Corpkid,
I don't get your point, LIQR voluntarily de-listed from OTCBB, posted the reason why on their notice (see the boilerplate notice, showing all the normal statements, other than the section where it says one of their directors made it impossible for them to stay listed and in compliance with laws, then see their press release right after saying that the director resigned and LIQR immediately changed their corporate charter to prevent that from happening again).
Pretty cut and dry.
Now look at DKAM filings:
Debt, settlement of lawsuits for shares, tens of millions of shares for contractors, financing agreements that take up more of the filing than the business plan.
DKAM can't even claim to be an "ongoing concern" because their CEO is such a POS he has run the company into the ground at the cost of the shareholders.
DKAM has more debt than sales every month, and they pay their CEO and his son more than their TOTAL ANNUAL GROSS REVENUES!!!
Not to mention that the DKAM stock trades at 1/2 a penny most of the time, even after an illegitimate reverse split where the CEO hijacked extra shares just to gain 51% control so there was no proxy vote to perform the reverse!
Did you vote your shares for the reverse? No of course not, because no one got to vote, because PK did not perform a proxy vote, because he knows the shareholders would not have allowed him to do what he is doing!
WHAT A TURD!!! GOOD LUCK WITH THIS POS, I WILL CONTINUE TO WATCH IT CRASH AND BURN!
Since I only have three posts per day for DKAM this one is the last, so have fun with the painted uptick at the end of the day for DKAM!
Ask DKAM or do your own DD on what inventory was being held by LIQR at the time of the dispute, you will find out (just like it showed in the control state inventory postings online) that the $100K in inventory was mostly Trump Mini Bottles, Cohete Rum , Aguilla Tequila and OWR large bottles All of that is CRAP product that no one has bought for years, and is probably still sitting around collecting dust.
At one point there was $30K worth of trump mini bottles in one control state warehouse, (I forget which one) then they just all disappeared. Guess a bunch of hotel mini-bars were out of stock!
The reality is that none of that crap sells, and the LIQR orders published were for the products worth selling, Trump 750 Flavors, OWR 750, Damiana 750. Now MEXICOR is not selling squat, and everyone should be made aware of the truth.
Corpkid, get real, the arbitration was LIQR vs DKAM not the other way around...
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.
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?
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.
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.
Can't wait to see PK publish the fact that MEXICOR did not meet their minimum royalty payment under the contract, I guess he will blame MEXICOR for DKAM failing and hitting all time lows too. The real question is, how could MEXICOR meet the minimum payment when there is not enough demand for DKAM products to pay a $50K royalty?
Everyone can agree (including PK based on old press releases) that LIQR created great demand for DKAM products, DKAM could not fill the demand because DKAM was broke (read the SEC docs, they clearly say that cash flow effected their ability to fulfill LIQR orders), DKAM tried to terminate LIQR contract then passed the hot potato of LIQR created product orders to MEXICOR (illegitimately so, causing LIQR to sue DKAM for $5.5 Million in damages) and now MEXICOR realizes that LIQR's customers do not appreciate being bait and switched, so these customers cancel the bulk of LIQR generated orders for DKAM products, leaving MEXICOR to try to sell the product themselves in all those states.
Since MEXICOR does not have the sales force to actually sell product in all these states, which I told all of you before, go back to my oldest posts on MEXICOR, they will show that I posted that MEXICOR only has a tiny sales force, mostly in TX, and further that their FL sales force was GUTTED by LIQR who cleared MEXICOR product portfolio in one swoop. Watching MEXCIOR claim they had sales all over the US was a funny thing, knowing that LIQR created all those orders, but MEXICOR tried to lay claim to them, boy did that backfire.
Now you have cases of DKAM product sitting in warehouses all over the country with very little sales. I posted about one state in particular that publishes their inventory, and for many months MEXICOR / DKAM had $0 in sales!
So now DKAM is relying on their savior Reinegold, but you will begin to see a shift from that to Topless as the savior, since the Reinegold numbers will be out soon and everyone will be able to see that they are unsustainable.
NEXT HYPE PRODUCT: TOPLESS
AFTER THAT: ????
AFTER THAT: ????
And the list goes on.
It would be great to see DKAM actually sell one product profitably then build from there, however that will never happen under this management team.
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?
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.
Got it online from Buffalo Trace Distillery...
$2 x $3 is pretty good. I would take that all day long.
Which one? LIQR was in the National Alcohol News today...
$12 EPS post split. Do the math...
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...
You seem like a nice guy that has made a good argument for DKAM. I think everyone else would only agree with you if PK resigned as CEO and handed over the company to a more competent, less expensive CEO.
All numbers disconnected.
BELOW $23 SUCKS!!!
Read today that DEO and Bacardi want to buy FO.
Well, let's see how it plays out. LIQR making national news lately, and you have not seen sellers in the stock IMHO.
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.
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 why you would care about anyone's motives on this board. Aren't you just flipping DKAM next week then out? I thought that is what you have posted here.
It seems that several of the new posters on the board are financially attached via some other reason than just to be a shareholder in DKAM.
Perhaps you can help me understand something:
When trying to flip a 1/2 penny per share stock for a profit above and beyond commissions and taxes, the task is certainly not going to be easy. I guess you could make money at $20 per clip, but I don't see the logic.
Perhaps some folks here could teach me how an individual trader in a stock that trades less than $25,000 in total dollar volume make good money buying and selling it for tenths of a penny in profit.
If you bought all of the shares that were sold today at 1/2 price from the sold price, you would have netted about $10,000. The likely-hood of that is impossible, so it is more likely that all the sellers that "actually profited" today by purchasing at a lower price a few days ago made less than $1000 cumulatively, at a risk of capital of at least $12,500. So is the risk worth the reward? I don't think it could possibly be.
Maybe my math is off, I just don't get it.
That photo is priceless!
THE OFFICIAL DKAM SHARE PRINTING PRESS IN ACTION!
Somehow someone on this board is going to say what a good thing it is that the price tanked so they could get some more cheapies...
Not sure what you mean by nothing? Can you elaborate?
DKAM trading for weeks at sub-penny levels and people are actually excited and happy about it. Less than $10K in dollar value traded per day on a regular basis.
DKAM longs have suffered huge dilution and huge losses. They will continue under this program just to meet the salary demands of PK and his family.
DKAM day traders pump all day as if they were actual longs, yet they are only clipping profits from each tiny rise in share price from those newbies who get caught in PK's diabolical web. (Several posting here over the past few days)
All the while, DKAM simply cannot demonstrate a single profitable quarter in its 10 year history.
And again, you see people excited about the trading prices...WOW!
You could not make this stuff up if you tried!
STZ report looks good!
FO: Time is now to break up your operations!!!
Volume this morning, I wonder what is going on?
Back to the $23's. SUCKS.
Go to the Liquor Group website, download the financial package disclosure, it shows the OS/Authorized and all details.
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.
Another example of a non-substantive PR today. This company makes money and makes sense in operations but their PR department sux.
According to this post:
Spoke with ceo @ 5:30 est time 1-917-209-1907 "It's All Good"
You can just call the CEO on this non-published cell phone number and ask him the outcome of the Arbitration. Perhaps this should be a sticky post so that everyone here has the chance to speak directly with PK. I too will be dialing him after work today to see what he has to say, I suggest all of you do the same if you are interested in his input/perception of the case.
It is simple why Reingold was not there at the festival. The Casino probably required payment for participation in advance, so PK could not just show up, pour product then stiff the event for payment like he does with everyone else he deals with! Even their local distributor wasn't willing to front the money for the event!
Guess everyone in the alcohol industry is learning their lesson about DKAM!
Spent two days last week (Wed / Thurs) with Dr. Frost & his team. Met Donna their marketing person who says they are aggressively trying to reposition the company.
Also note that they have recently won several worldwide spirits awards that are helping them gain notoriety especially in Europe/Asia.
This company could be a pull away play in the future, but I would still like to see more brands added to the portfolio.
Guess who is back in action after several days out of the office...and sounds very excited about the proceedings!
Guess who is back in action...sounds excited.
Everyone please stop PM'ing me about LIQR vs DKAM, they are all still in Arbitration and no one has any publicly available information to share...