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Actually, if I was so inclined to take the time to bash Drinks then I would find it a far better use of that same time (and it was) to research the 20 or 30 or 40 (let's term it countless) number of Arbitration Claims filed or resolved or disposed or paid or pending regarding Liqr's failure to pay its suppliers and vendors for product supplied and consequently filing claims against those suppliers for improper costs and monies due beyond the scope of their agreements and for which they have no claim to in any way. That same research will yield a myriad of results where Liqr just plain stole their vendor's products and then claimed they did not pay them when they have done nothing but sell product and keep the money for themselves. Case closed and time spent refuting this research which is all a matter of public record in over 20 different courts is futile.
Great article on Philly concert also:
http://www.examiner.com/x-2638-Philadelphia-Indie-Music-Examiner~y2009m8d8-Show-review-of-Slightly-Stoopid
Awesome pics from a SOLD OUT Philly Concert!
I will add one more as it is important in many respects.
18. The loss of a great friend for many years of our CEO's that led to the delay in filing and resulting conference call.
No and for everyone. The worst thing you can do to a shareholder is to tell him his company and his investment has no future or put hours and hours in clouding his mind on ideas and problems from the past with no regard for the future.
IMPORTANT UPDATE FOR EVERYONE!
Just making sure we have everyone's attention.
Inside of the past four weeks, Drinks Americas has seen:
1. Olifant Vodka headline as lead sponsor the Blazed and Confused Tour ft. Snoop Dogg and Slightly Stoopid. This tour spanned the country and exposed Olifant to well in excess of 250,000 fans and where most every venue SOLD OUT
2. News that existing sales of Olifant Vodka during this tour period are up 40%
3. News that new markets for Olifant are opening nationwide because of the exposure of the product on the B & C Tour
4. Advertising exposure of Olifant Vodka for the B & C Tour in excess of $2 million dollars was received and saved by the company
5. Kid Rock's soft launch debut of American Badass Beer American Lager at Comerica Park in Detroit where it was available for two days to over 85000 Kid fans and where those concerts SOLD OUT
6. Kid Rock's Badass Beer SOLD OUT at the shows in Detroit for his Rock n Rebels Tour Weekend
7. Kid Rock's Badass Beer placed in the Comerica Park bars and restaurants and select surrounding bars and restaurants for a two day block party weekend attended by upwards of an additional 60,000 people beyond the concerts and the beer SOLD OUT
8. Over $5 million in media exposure and advertising was extended to Badass Beer from its "Born on the 4th of July" dating up until two weeks after the Comerica concerts at no cost to DKAM
9. Kid Rock's Badass beer being shipped in kegs only across the State of Michigan to bars and restaurants
10. The availability of Kid Rock's Badass Beer at businesses all over Detroit immediately following the concerts
11. Kid Rock's Badass Beer available at this Saturday's Boyne Mtn Boyne Falls Amphitheatre where the concert has long since SOLD OUT
12. The expansion of production capacity for Kid Rock's Badass beer at Michigan Brewing
13. The expansion of Michigan Brewing to a second facility in Lansing, MI where 50 new employees have been hired and where Badass Beer will be available
http://www.lansingstatejournal.com/article/20090808/NEWS03/908080314/1004/NEWS03
14. The beginning of Badass Beer being advertised and promoted on every retail website where it is available which leads to untold $$millions in free advertising for DKAM and for Badass Beer and even more sales
http://www.uptowngrille.com/
15. The initiation of the www.AmericanBadassBeer.com website
16. The Kid Rock Private Stash implementation of beer logo soft goods to accompany the beer proper
17. The announcement of a formal launch of Badass Beer on or about Labor Day
All of this has happened from the second week of July 2009 to the second week of August 2009. In less than 30 days.
This is warp speed and it clearly signals this is an entirely different Drinks Americas than we've ever seen before.
Oh yeah, I guess I should have added that there might be a few more shares out there. Yep. The doors are still open too. If anyone has a problem with shares or this company, then refer to the 17 reasons I just stated as the reason this company has any shares to begin with.
And of course if it isn't then the CEO will have failed everyone again and issued too many shares.
"Yep, I know he managed to get the beer in 50,000 retail locations but he managed to miss 481,000 locations. He said Spring of 2009 and here we are two years later and it is just now getting to Hawaii? What does that say about his abilities? What does that say about the product? It tells me he doesn't know what he's doing. Yes, I know we're doing over $300 million in sales but it should be $$$billions. I've never seen such a crock. And he hasn't held our hands in at least a month now."
Just letting everyone know what to listen for.
And it shows the depth of the ability to look at something and see something completely the opposite of everyone else.
"All of the buys were at .14" Give me a break!
Ohhhhhhhh K. If we're done thinking out loud on plans, deceptions, what fors, and why nots, and who's on second and third when the team plane is boarding at the airport, then I'll take a stab.
Let's face it. Six months ago the world was coming to an end. We've seen hundreds and hundreds of companies announce not only decade low sales and earnings but their worst results in many years beyond that. Hundreds are issuing shares. Dozens and dozens are reverse splitting. Hundreds are taking in billions of dollars so they can report billions in losses only to NEVER, I repeat NEVER in this millenium turn a profit over the carry over losses they've incurred. And what has happened? The market has rebounded over 40%. Some stocks losing several dollars per share have bounced 100, 500, 1000, and even 3600% from their March lows. Why? Because they are sound investments now that the worst is behind them.
With that said, I feel it is pretty simple. Why hold off to release something bad to say unless you have something else very powerful to say? We have new money. We have a golden child of an icon and a golden new product. We have new eyes. We have fresh pockets. We have millions in an investor class that can reach out and touch the new beer product each and every day as it is released. We have millions more reaching out in anticipation of the growth that will be realized not over the next month or two. But the next two to five years at a minimum.
The past month has been the busiest the company has ever been staging our products in front of not less than 500,000 people in no less than 25 cities, putting the beer out all over Michigan, bringing in well needed cash, shipping product orders, not to mention whatever had to be done to bring all these new distributors online not just in Michigan but in the next states to be released PLUS whatever had to be done to prepare for the bottle releases for mid August. AND EVERY SINGLE BIT OF THIS HARD WORK AND EFFORT HAS BEEN DONE SINCE THE QUARTER END OF APRIL 30 THAT IS BEING REPORTED THIS WEEK.
Not many CEO's would have slowed down but we shall. I for one expect the 10QSB by Thursday at some point. Makes no difference when. The sales don't matter. The shares don't matter. I want to see some guidance. CEO never does give it. I believe he needs to give it now. Let everyone know we've turned the corner. Let us know what's happening today. Let us know the numbers are better today than they were the end of April. Then we'll be on our way. After all, EVERY, I REPEAT EVERY COMPANY OUT THERE THAT HAS SHOWN THEY ARE BETTER TODAY THAN THEY WERE BACK IN THE FIRST QUARTER OF THIS CALENDAR YEAR HAS SEEN THEIR STOCK GO MUCH HIGHER.
You see that, and we repeat the process all over again from 2006-2007. Only one big difference this time. We will have 2-5 years of increasing sales every quarter instead of one good year and then declines.
Then we'll meet again in September and talk about how it's all going according to plan and just perhaps, even better than planned.
And I would actually laugh at anyone who thinks we should be concerned about anything else other than TODAY and TOMORROW and I welcome the rest of you to laugh with me at those that disagree with my considered opinion.
Comcast Center Boston! Sold Out yet again! 18000+
Great find! But alas it is all for naught. It clearly shows that 50 people have been hired. But we can't count that because so many people said they weren't hiring anybody. And it is published in August indicating expansion but too many people said that the company didn't have the capacity to brew Kid's beer. And the worst part of all is that June 20 came and went, and that means Spring of 2009 to introduce Badass didn't happen. That means the CEO is a liar as we've been led to believe daily. Therefore, we can't count the millions upon millions of beer sales Badass will produce because it didn't happen on schedule.
I guess there's nothing else left to do but go back to counting shares and looking for the last bottle of TV. Oh wait! There is that history lesson of earnings to look forward to. The last time I looked in the rearview mirror I saw dust.
The next filing that comes out will indicate how well the company was doing six months ago. Nice try on that one.
And they said it wouldn't be!
www.uptowngrille.com
Not spinning a thing. My hats off to everybody working so hard to make the share count an issue when it is not. It was talked about extensively at the Annual Meeting that the company would be converting some warrants off the December 2007 financing in 2009 and the MAJORITY of shareholders approved the share raise. It was also stated that the path of the company for its next phase would easily show that the growth would far outweigh any small factors of additional share structuring and capitalization. The MAJORITY of shareholders agreed.
So I thank everyone involved for conjuring up this old news and keeping us abreast of it on a daily basis. And especially for those in the MINORITY who did not attend the meeting or have no vested interest in this company.
And therein lies the exact situation in my opinion. Go back to the financing from June. Pledged as collateral and issued as I've stated before. But NOT outstanding. You guys are getting a FULLY DILUTED number from the TA should all issued be converted and warrants exercised.
Back into Treasury they go as the terms are fulfilled. And suddenly, as it always was you have TWO pies, and VERY anti dilutive. The cost of money just got even better as we got a dollar for a dollar in an economy where there were no dollars for anybody.
And to top it all off...
NOBODY ever filed bankruptcy from dilution.
Drinks is here to stay whether you like it or not.
And the amazing part is, the two of you could talk for hours and hours and talk about absolutely nothing except BS and old news.
And she'll be out the door and on to the guy that really means something to her.
After all, you are SOOOOOOO in the rearview mirror.
Some live for the moment. If I'm going for HOT and DD, it better be for more than just what I have to tell her about today.
Well, actually it would be a problem.
How would we spend the evening?
Why of course. Talking about Outstanding Shares and how crummy our sales are from months and months ago.
Damn, she wants me!
That's correct. Remember the deal to begin with. Kid insisted that a Michigan Brewery be selected. Kid wanted to make sure the beer was made in Michigan by Michigan people and that Michigan jobs would be created and it would be beneficial to the economy of Michigan as a whole. That way it IS American Beer through and through by Americans and for Americans.
So far, that is exactly what is happening.
You guys are already talking about demand exceeding supply and the numbers would indicate that is what is happening. So why is it we are screaming for more breweries to be brought online when MBC hasn't even ramped up to its full potential nor have they expanded to even add all the jobs and capacity it can?
Why is it everyone is screaming for a full onslaught nationwide release when Trump already proved that doesn't work?
Why is it everyone wants the stock at zero and complains about it taking shares and money to undertake this monumentous beer introduction but cannot handle the backend dump trucks full of cash?
Too many questions from the wrong people in my opionion. And of course, too many people with a say in the matter that have no clue about the business or how to run a company like this that is putting out the best beer introduction in two decades.
Funny...
Growing corn to make beer. Making boatloads of money to buy stock!
http://www.foozen.com/
Nice to have you onboard Kid.
Your "friends" I know will come through!
:)
There are 1550 breweries in the US.
We're good.
I still fail to see the point. In fact, there isn't one.
If you had 89 million shares and you're losing 6 cents, then now you're losing 5 cents.
The doors are still open.
Now you have $50 million in sales that leads $16 million in profit.
So, you have 16 cents profit and a stock price of $2.40 minimum on a 1500% increase in sales.
Darn, it should have been 18 cents.
Your way, the doors close.
The professional's way is clearly obvious.
Doesn't have to be 8k'd! That's the beauty of the beer business. You just pick up the phone and make calls!
If you wait for an 8K on anything now, business just increased 50%.
I do to. The bottles should be going online at any time so it would be nice to say that " we came here today to talk about record sales but now we need to quadruple those numbers. Forgive us but we can't help ourselves on this matter."
But alas it is clearly evident what is most important.
What will we hear?
"Even though we wanted to talk about record sales today we feel it is more important to stare at the number of outstanding shares we have and how it continues to grow. We just couldn't help ourselves. We had it in the business plan that it takes money to make money but apparently that theory that has worked since the beginning of time does not apply to Drinks."
Near as I've been able to gather....
100 kegs or so to the concert and..ta da...
1000-1500 kegs for race weekend beginning Friday.
It's a beautiful day in the neighborhood!
Won't you be my neighbor? Yeah right! We're full! Sold out! No vacancy!
14000 SOLD OUT for Kid's Concert on Saturday in MI and 137000 Badass drinking Nascar fans in Brooklyn, MI for Sunday's Carfax 400! Guess where Kid going to be?
Can you feel the thunder?
Yes, there will be a pop in price on the Kid Rock Beer news. What is the news? Care to share?
Doesn't matter.
The stock is going to $30 on "the Kid Rock news."
After all, it has to if it's going to $150.
That's just it. It has to be a pink sheet play...which it is not. And it has to remain as such...which it won't.
Sorry, that's other companies. How many companies have billions in losses and are issuing debt like crazy, and they are moving up week after week?
All of them.
Nice try. The argument won't work any more.
Thank you for being so insistent that the OS shares for DKAM have increased to 101 million from the clear and concise SEC filings that state 89 million OS shares (including those issuances in the last 10Q filing after quarter ending Jan. 31)
If this is the case, then the loss per share of DKAM just improved and got lower. In addition, these shares would have been issued in lieu of cash, which is a far cry cheaper cost of money during the economic meltdown.
As a liability on the balance sheet, those shares would show as an additional $1200 in stock issued and could have brought in as much as $1.8 million in cash.
Not a bad way to go in this economic environment. Especially when you can use that $1.8 million to generate over $3 million in sales alone....which is 100% increase in current sales.
The perfect party. Yes, we will be just fine...
http://detroitcoachescorner.com/02/?p=25
That is a good question. Since all these existing distributor agreements for MBC have to be resigned and Drinks is booking the sales as they pass through from MBC, then somebody has to be out selling the current and new distributors in MI, and nationwide.
PK put a new sales team in place several months ago. There was no evidence of a sales team for MBC prior to now.
LMAO! All you've done is copied and pasted the approved salary and bonus scale from the 2008 Annual Report.
Yeah, we all have a salary scale, and LMAO for some, an hourly scale. (HEY! Yippee on that raise with min wage going up!)
Like I said, no salary for over two years. I asked at the Annual Meeting. I don't know why they would tell me otherwise. Did you ask at the annual meeting?
There's no doubt in my mind it does. But the naysayers will jump up and scream "not when it takes a year to put it out." Well, I'll tell ya. We won't make the same mistakes we made with Trump. As has been stated, "a measured release." Very calculated and done with precision. Saturate MI and get them crossing the borders. Then onward one by one. "But MBC doesn't have the capacity." And guess what? You're right. But six other breweries do. When you have the most talked about new brand of beer in many years you have breweries calling YOU wanting to be your outsource. "But PK has failed at everything so far." And so did Monster and SoBe for the first few years. I fail to see the point. "But they have too many shares. I'm spending all my time counting shares isn't anybody else? Who has time to drink beer when there's so many shares to count? This one speaks for itself. Tell ya what. Let's just cut 'em down by 80% or so and let them count 'em over on Nasdaq. Then we have plenty of time and money to drink beer.
I won't waver one bit. $30 - $50 million in Michigan alone. We're sitting on $100-$200 million in sales easily. What does it say above the valuation of Kid Rock Beer is? $50 a case? And that was on a $2 million first year sales basis. Psst! beer with a brewery commands five times that.
Let me see...hmmmm. Didn't PK say he was building a "Billion dollar company?" So, $200 million in sales is 20 million cases. What's that times $50 a case for the hottest beer in years?
Don't all answer at once.
Now you know why the price is trapped. Why not. Only way to get as many shares as possible without running the price up. We know how it works. Hedge funds pay boatloads to get information about sales going from $3 million to $200 million almost overnight. There's that "overnight" again.
I beg your pardon and I won't beg.
Patrick Kenny has not taken a salary in over two years.
Not until the company is profitable. Why take one when you just take it from the high cost of money?
So now basically all the rationale just went out the window. Now it just looks like whining.
It's all coming to bare...at any moment when you least expect it. They won't even knock in DKAM's case. Just blow up their place of operations.
"Yep, I'm a trader. I break the law daily. But I am exempt because we are part of a hedge fund and we send our orders daily to market makers who we pay handsomely for the privilege of helping us break the law!"
WASHINGTON (Dow Jones)--Facing criticism over lax regulation of short-selling, the U.S. Securities and Exchange Commission announced Wednesday it took enforcement action for the first time against two options traders and their brokers for abusive "naked" short-selling. The SEC filed administrative charges against New York City-based Hazan Capital Management LLC and its majority owner Steven M. Hazan. Separate administrative charges were also filed against Chicago-based TJM Proprietary Trading LLC and TJM trader Michael R. Benson. TJM's chief operating officer, John T. Burke, was also charged administratively for failing to supervise Benson. The firms and people charged agreed to settle the case without admitting or denying the allegations. Short-selling, or borrowing and then selling shares in the hope the stock price will fall, has been blamed by many for driving down the shares of financial stocks. Of particular concern to some critics is naked short-selling, in which investors sell the stock without first borrowing the shares. The SEC charged the traders and their brokers with violating an interim naked short-selling rule that was officially made permanent last week. It requires broker-dealers to purchase or borrow securities to deliver on a short sale by a specified date. The SEC alleges that the traders and their firms wrongfully claimed they were entitled to a market maker exception to avoid locating shares prior to the execution of a short sale. They then tried to make it appear as though they were complying with the close-out requirement, but in fact were not entitled to any exceptions and were not in compliance, the SEC said. "These traders and their firms engaged in short-selling tactics that circumvented regulatory requirements through complex options transactions," said Scott W. Friestad, the associate director of the SEC's enforcement division. -By Sarah N. Lynch, Dow Jones Newswires; 202-862-6634; sarah.lynch@dowjones.com (END) Dow Jones NewswiresAugust 05, 2009 15:32 ET (19:32 GMT)
I knew it wouldn't take long before the nervous ninnies would show up wondering and "hoping."
The shares are held in his name, the family name, and among other LLC's controlled by Schwalm including Greenwich Beverage Company and others.
The shares pass to his wife JoAnne. The family additionally holds alot of shares so I'm told.
The shares aren't going anywhere. He left her very well off financially.
And he has bought more since that filing a year ago.
Did you ever think now that the "insider" connection is gone...the family can now go ahead and freely buy as many more as they wish?
Of course not.
Nonetheless, it's a very large estate. Probate will be 6 months to a year minimum. The shares are going nowhere.
Sure looks to be about the same story to me!
Amazing that they sold out for $360 million and the brand is well north of $2-$3 billion now.
Yes he was a good man. I met him at the SM in January. Incredibly knowledgable. He will be greatly missed by many.