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Market has nothing to do with this stock. In fact, rarely affects any OTC stocks. Besides, many stocks are up today with the market down. Happens every day. Sure hope nobody was foolish enough to trade or sell this stock because of what the market is doing. Cause I'd hate to think how many analysts are going to avoid drinking Trump Vodka tonight or tomorrow because the market was red today. Should be even more actually. Or, how DKAM's global plan for distribution is going forward as planned because the Dow was down 71. Oh yeah! That's my reason to sell.
No conspiracy theory. Just the plain fact there are people in it and until you get them all out of it and get the shares in the hands of the hedges will you see the greatest gains. Been that way for hundreds of stocks. This one is no different and not up for debate. But beyond that you see it everywhere. People are explaining and interpreting the business plan and what the company is doing in the absence of the CEO sitting next to everybody holding their hand. Those people are bashed for mindless pumping. All I see is good information with links and great interpretations. You have people just screaming about all these insiders who are selling. People who sell shares that were given in exchange for payment at one time or another are not insiders. Just because they are on a Form 144 is immaterial. These people know and knew nothing. People screaming 50 cents on a stock that is more oversold than it has ever been since the reverse with the highest sales the company has ever posted and after posting a "clean balance sheet.", worldwide expansion, and sales faster than Grey Goose. Now that's real brilliant. Arguing about whether a measly 15000 shares is an award or a purchase. Whatever. Coming out with statements of fact like, "Ultimately it will be a good company but for now it has nothing to offer." That would be the brilliance above X 10. That's the same thing as saying, "Ultimately this Ferrari will be a good car but for now it is just a bunch of metal parts until the company puts it together." The continued ignorance of good news and the implications. The people that keep posting under new names all these shares that will be issued or sold that won't do either. The mirroring of trades. The geniuses that post the stock won't go higher because a certain market maker is on it. The list goes on and on. Nope. No conspiracy theory. Just the same thing repeating here as it has everywhere else.
Because there are many who would like nothing more than to see this stock NOT go higher. I won't even give you the reasons why.
Words to live by:
Insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise (Peter Lynch, one of the greatest investors of all time)
Well the real thing you should be concerned about is Form 4's are only required for 10% inside ownership. Let's find out when he bought the other 8 million shares.
About Form 4 Filing: Every director, officer or owner of more than ten percent of a class of equity securities registered under Section 12 of the '34 Act must file with the U.S. Securities and Exchange Commission (SEC) a statement of ownership regarding such security. The initial filing is on Form 3 and changes are reported on Form 4. The Annual Statement of beneficial ownership of securities is on Form 5. The forms contain information on the reporting person's relationship to the company and on purchases and sales of such equity securities.
Obviously he doesn't own them or the total after the purchase would reflect that. So why even file if you're not required to?
Objective: Market Support, New Contacts
Looks like DKAM is going after their analyst coverage. If all the vodka is gone tonight, I would say that indicates market support! :)
http://harbingerresearch.com/data/DKAM%20-%20Drinks%20Americas%20Holdings.pdf
Good points. What makes it the most important is it is the first acquisition by an insider at a price other than 35-75 cents. First of many is still yet to be seen. Nonetheless the first and in advance of a well defined business plan speaks volumes.
Huh. This says acquisition
Back room deal with a market maker.
http://finance.yahoo.com/q/it?s=DKAM.OB
Because it lends to the fact that he has begun the buying process in advance of his own global distribution plan. He can do so as a director. He began buying after the global distribution plan was announced so all is good.
Thank you. Was just going to pull that out of the SB-2.
I'm not going to argue with you. Now follow me. Below is the link to the SEC website where the filing was put through by Hubert Millet himself that indicates "A" for acquisition. Always has been. Always will be. No where in any SEC filing has there ever been a P for Purchase. That is bogus crap you're readin somewhere and has nothing to do with the actual issue here that Hubert Millet bought and paid for 15000 shares with the lots and prices clealry noted plus the definition of "A" meaning Acquired clearly noted.
http://www.sec.gov/Archives/edgar/data/873540/000114420407014539/xslF345X02/v069487_ex.xml
Now rather than spend time on this dead topic. Let's move on to how the board is so conveniently ignoring today's topic of DKAM prsenting to the investment community and sponsoring the huge party tonight or those same investors.
No, the ONLY piece of information you have is a website saying AWARD. There is nothing in the filing to indicate an award. This stock was acquired on the open market. Gift or not, Millet owns stock that was bought on the open market and the lots and prices are clearly noted. So everyone can continue to sell below where he bought. Duh.
Comments on the research report.
Inside ownership % is incorrect. Long term debt # will have these insitutional guys smiling. They will see that $2.20 and the $1.43 it is at now and quickly know it is on sale. Like I said yesterday. It is all psychology.
We have a new research report out from Harbinger Research in advance of this conference today.
http://harbingerresearch.com/data/DKAM%20-%20Drinks%20Americas%20Holdings.pdf
Team Member Bio
Stephanie Loiacono, CFA, Senior Research Analyst
Specialty Retail, Financial Institutions
Stephanie Loiacono has nearly 20 years of investment experience, with an emphasis during the last six years on equity research in the small-cap and micro-cap markets. Ms. Loiacono’s industry expertise includes U.S. and non-U.S. financial institutions, and U.S. and non-U.S. retailing companies. She previously served as chief investment officer for a start-up investment management company and as co-founder of a venture capital firm.
In addition to her position as Senior Research Analyst for Harbinger Research, Ms. Loiacono is an international advisor for the U.S. Department of the Treasury, serving at the Ministries of Finance in emerging countries around the world. She also develops and teaches courses on finance and investments.
Ms. Loiacono has a Master’s degree in International Affairs from George Washington University and is a CFA Charterholder. She is a member of the CFA Institute and the Financial Executives Networking Group.
Trump Vodka hosting the party tonight. All those analysts and investment gurus getting their drink on after hearing what DKAM has to say. Anybody know of anybody else getting to try the product at the conference and leave with a smile?
A Bloody Trump, a cigar, a house on the beach, and talking baseball! Sounds like a buy rating to me! LOL
http://www.valuerichonline.com/expo/mi07/index.php?id=agenda
I would be willing to bet this. With all these analysts and investors present today per the PR< we will hear a couple of things we didn't hear on the conference call. A couple of real good things as far as upcoming products and global expansion.
They may have been given to him. You still cannot ignore the fact as the SEC filing states, it was an acquisition on the open market. I don't give a flip if it was put it a gift box and wrapped with a bow and hand delivered to Hilton head Island with a card that said Merry Christmas. Somebody went into the open market and bought them while everyone else was still busy creaming 50 cents. These shares were not printed. They were bought and paid for by the company.
Great! DKAM got the last presentation of the day and is sponsoring the big party tonight!
LMAO! Host Bank of the Conference is Midtown Partners. For somebody who is supposedly fronting a PIPE deal for these hedges to run the stock into the ground, they appear to be getting off to a roaring start of getting the stock over $3.00 to collect their warrants and stock. Once again, like I said before. Six hedges. 8.8 million shares. They love companies with a great story to tell and that are prime for acquisition. Not making it up. Just relaying what these fund managers have said before.
I would try this. You may have to copy and paste the link in a new window to get it to open:
http://www.valuerichonline.com/expo/mi07/index.php?id=mi07_presenting
http://www.valuerichonline.com/expo/mi07/index.php?id=party#
To watch the webcast today at 3:40PM EST:
http://www.visualwebcaster.com/ValueRichMiami07/reg.html
Don't forget, Hubert is also at the International Home Furnishings Market in High Point, NC this week.
Links don't work. Still have time to edit them! LOL
This GOUG can call Millet's Buy an award all they want to. The fact is an SEC filing went through detailing the 15000 shares bought by him or for him on Thursday. It clearly shows the shares and lots bought at the open, on the open market. The SEC filing doesn't say award. It says "A" for acquired and that's all that matters. Look at the other directors. I would bet this is the first of many.
http://www.secform4.com/873540-000114420407014539.htm
*****This says a lot!*****
When everyone is screaming that insiders, which are not insiders at all, are selling stock and the one guy responsible for the global expansion of the company jumps up and buys stock as soon as practically possible after joining the company. Like I said, the ONLY people you need to be watching is management and the BOD. Not a one is selling, and as of today they are still buying. All those other 144's are not insiders. They are laborers and contractors and former reverse split people that just want their money for the job they did for DKAM in the past.
Bottom in on the weekly. Now technically is the time to add. $1.54 breaks and it fills the gap at $1.57. That brings back the bigger share blocks that see a bottom is in place and a new uptrend has begun.
What are you talking about? C'monnnnnnnnnnnnnnnnnnnnnnnnnnnnnn. Are you serious? The only way this stock can see new shares issued is if it goes over $3.00 after July 31. If you're asking if it goes back to $1.25 after July 31st and after those warrants are exercised and turned into stock, THEN I have to ask you in return to ask me again when it gets to $3.00. I'll be glad to address it when that happens. Shouldn't be too long! :)
I can see it now. I've been working on an analysis study of some 80 stocks that have shown definitive movement in price over the past 2 years. In all cases, every one of them broke out and had an initial huge run on news and implications of great things for the company. In all cases they saw the volume dry up and the revenues/earnings disappoint in the near term relative to the initial surge and expectations. They all fell from grace. In every case at some point each one started to go higher when those initial growth parameters began to be realized. Most hit all time highs well beyond their initial speculation highs. Many are doing it right now. Quite interesting to look at in hindsight to see every one of these stocks be the belle of the ball. Then have miiserable declines. Then we see them just walking away to new highs. I am now firmly convinced especially with what HANS and JSDA pulled off that DKAM will do exactly the same as all these others.
if you'd like the list, send me a message. Othwise, I'll put it up later tonight. Not real important though. Just lends strongly to a pattern we keep seeing over and over in this market.
Fundamentally it is fairly valued when only viewing its current financials. However, fundamentals also include its place in the sector and its place relative to execution of its business plan. When you look at it in that respect, it is a fraction of its forward value. Technically it is still oversold.
I have to add though that any time a stock is sitting on losses the perception of "fairly valued" is different for everyone. That is when most will defer to the future of results as a measure against its current financials. And for that, the future is quite rosy.
Psychology shift is what rules this stock. You've all seen it before I'm sure. Many companies will post what appears to some an ugly quarter. Lots of selling and you see it a while later with higher prices and going. Market moves on and plays the future. People finally realize the earnings are old news. Many had lofty expectations initially here but we also knew there was a lot of debt. If you had been around last year in the beginning you would have really torn your hair out. Company announces the deal with Trump and $5 million in initial orders. Stock gets a short term pop and then actually comes back to start trading below where it was when the Trump news hit. That was because people saw losses and Trump wasn't happening yet. All of a sudden Trump does start to happen exactly like the company said it would. Nowwwwwwwwwwwwwwwwww the stock takes off as if the market was exposed to some fresh revelation. It was there the whole time and people just couldn't wait for it.
Now we're in the same position again. Company has been completely forthright. They are doing what you would hope any small start up would do; raise cash and execute their business plan as laid out, pay off existing debt, open new strategic markets, and expand their branded product offering. That is the next step the CEO laid out. People see it but sell on the old news of earnings just like they did last year. Rather than cheer the company for getting it all done they want to focus on a short term negative that artificially suppresses the price of the stock. That change in mindset is coming again and I expect we'll see the stock break out again.
I implore anyone to find what they perceive to be a negative for this stock and I can assure you it's a positive:
1. Trump was supposed to save the company and they are losing even more money. Worldwide distribution of any new spirits offering takes time and expense. It's only been 4 months. A suddenly heightened path of revenues means you can finally pay all the bills and people you owe!
2. This company is a printing press for shares. Hardly! When business is coming this fast you have to keep the existing channels of distribution alive without restriction and accelerate any new ones like worldwide distribution without interference. That takes money. Short term dilution should be applauded as it lends to viability of the company and paves the way for accelerated sales and new branded offerings.
3. All these shares are about to be sold. Filing to sell shares and actually selling shares are two different things. Financiers and company insiders have routinely sold stock in many companies in the past only to see the price of the stock go exponentially higher. The key to the puzzle here is to focus on company management and no one else. Even then, management has in many cases sold stock in companies and the stock goes much higher. In DKAM's case though, not one single management individual has sold a share. In fact, a 10700000 share lock in for two years should have people cheering and I expect it soon will.
4. Trump doesn't even drink the stuff. That's correct. And Georgio Armani makes women's dresses but you don't see him parading down the red carpet in his latest designer chiffon gown. Such a weak argument.
5. Trump isn't even advertising the stuff. That's also correct. To that end, the company is responsible for spending the money to do that and has spent the majority of its obligation to do so. If you listened to the CEO there will be enough of Trump advertising the vodka. Trump isn't going to advertise with 15 states in distribution. He will do so when the entire company can go out and buy it.
6. I called XYZ liquor store and they haven't sold a bottle. Then go buy it! I called XYZ distributor and they have reordered product 12 times. What's your point?
7. There is no way Trump will be as successful as Grey Goose. Wow! You missed your calling as a fortune teller. But that isn't even correct anyway. It's already more successful than Grey Goose. Grey Goose sold 17000 cases the first year. Trump did that in 3 weeks.
8. ABCD market maker is on the stock so no way it's going higher. Time for you to get a real job. That same market maker was on the stock when it was 50 cents.
9. The stock never goes higher on news. Correct. That is the pattern of perception (psychology) when stock is being accumulated before the next leg higher.
10. Red Chip has a one year target of $1.40 so it is fully valued. OK, so targets in this market can never be broken. Tell that to Citibank that had a one year target of $30 on HANS. It went over $100 twice with two splits in a year.
11. Trump is taking all the profits so the company will never really make it. First I say what a terrible problem to have considering the company hasn't posted any profits. Second, you think Trump is all this company has got? You obviously haven't been paying attention to the fact the business plan includes several other products all slated for worldwide distribution.
Go ahead. Put some more up. There is an answer for any one of them you can come up with. Like I said it is all psychology. It is business plan being executed. There is a decided shift coming and you will see it reflected in the price soon enough.
This may help some get a handle on what numbers to expect going forward. Like Raw talked about, a majority of the madatory payout for Trump promotions was paid this past quarter. Looks to me like the company played that card perfectly wrapping it into the quarter they paid down the debt and did the financing deal. That sets up some excellent shareholder confidence that no surprises are coming going forward. I see $3.1 million falling off SGA this quarter and the one time charge for debt extinguishment of $1.65 million will be gone. Without those the company would have lost two cents and matched Q2 '07. Whether the company takes the balance on the Vodka promotion in SGA this quarter is yet to be seen. We can revert back to Q2's report and find that 17965 cases of Trump++ equals a loss of 1.3 cents per share. That report shows no one time charges, a nominal amount for the intial launch of Trump, and a normal interest payment. From there, I've been able to calculate that the company needs to do $5.05 million in quarterly sales for break even. How this breaks out into Trump versus Newmans versus other products is up to the company. Trump carries the highest margin at 45% with cases going out at $108 per now.
I believe they said they have 70 distributors that are effectively selling Trump presently. When that global announcement comes that is what makes this stock really go. That is 200 distributors presently and growing. Their costs drop on international sales in many countries. When that announcement of the new project Kenny has up his sleeve as big as Trump comes out that also makes the stock go. Based on Kenny's initial projections back in October, it looks like the company will sustain break even on Newmans Own sales in 2008 at 2.55 million cases. The rest of the company's alcohol sales on worldwide distribution will be the lion's share of all the profits the company will do going forward.
Awesome Billy! That is great news. Your dist there is either dealing directly with management or going through an independent that is telling customers what he is told to say. Either way it's coming from the top. Wish I could find some hard numbers on the flavors that are performing the best in the marketplace. Time was it was vanilla. I would expect raspberry along with citron and lemon have come on strong also.
It still is amazing to think in this market where every analyst is looking for top line growth, debt consolidation or clean up, expansion, product growth, and gross margin increases that people can think a stock that demonstrates all of that should be 50 cents. This stock is deomnstrating what $20 stocks do on their way to $50. Keep spewing about all the shares and all the dilution and I'll show you a stock with 100+ million shares that has doubled in the last year on negative earnings. The argument no longer holds water.
I've been saying that for over 2 weeks. The 5-RSI hit 10 and the 14 was down to 20. The MACD is the lowest ever for the company. The CMF has been positive the entire way down. This just reaks of a rally on the people that sold mistakenly thinking all these shares are about to be sold. Of course, IMO the same people that bought when the financing was first announced. Everyone knew right away the financing would clean up the balance sheet and pave the way for the company to go global. Now they want to sit on the sidelines while the company goes global and the big money loads up at cheap prices. Nothing has changed.
80000 new locations. Somebody posted 42 Below targeting golf clubs and country clubs. PK noted on the conference call that May-July is prime selling season. 80000 country clubs, golf clubs, vacation locations, bars, restaurants, individual Mom and Pops, convenience stores in the North and Midwest have been closed the entire time Trump Vodka has been available. They are readying to open now by May 1. (Demographic note from a distributor)
Still a gap at $1.57. I've seen this chart before. $1.57 breaks and it should fill that liquidity gap to $2.20 fairly easily.
Thanks Rilo. This is also important. Some are trying to convince everyone all these shares are going to hit from all these sellers. But even more important is the contention that these 5 hedges did this deal and then they shorted the top for 4.4 million shares. Well if that was true, you would have seen 4.4 million shares get sold, plus you would also see Hebrides short 4.4 million shares to box their position. Then you would have seen 3.8 million 144 shares also get sold. That's 12.6 million shares boxing the price of the stock plus all the individual shareholders that sold during the last drop of the stock for well over a million shares. That's well over 13 million shares and a simple look at the activity of the stock tells you that just didn't happen. And even if it had any part of that in it I have to again question who just accumulated up to 13.6+ million shares??
Great find Raw! Also nobody realizes the company has told everyone they expect to be selling a minimum of 400000 cases a year by November 2008. The royalty schedule shows that. That's over $43 million in sales by the end of 2008 just on Vodka.
jwinston?? Bothers me you show up just after the market closes on Friday telling everyone that 10 million shares are about to be sold and invite everyone to go read the filing. It's been posted many places that what you're reading is standard "SEC ease". Any stock purchased or issued since the stock has been public is eligible for sale at any time except for management insiders who have not filed to sell a share. In fact many of those are locked in. Call any of them and they'll tell you they have no desire to sell. Rather than try to make everybody sell like all these other people screaming 50 cents, I suggest you read it one more time.
"This prospectus relates to the resale of up to 11,266,667 shares of our common stock by the selling security holders listed in the prospectus commencing on page 35, consisting of 4,444,445 shares of common stock held by selling security holders, up to 4,222,222 shares of common stock that may be issued pursuant to the exercise of common stock purchase warrants and up to 2,600,000 shares of common stock that may be issued to certain selling security holders under the anti-dilution provisions of such warrants. The transactions in which the selling security holders acquired the shares of common stock covered by this prospectus are described in the section of this prospectus entitled "Selling Security Holders."
Now "up to" and "may be issued" are exactly what they are. Warrants and anti provision shares that "could" be issued but only if the stock gets over $3.00. Go read some more. It says $3.00! So all that are registered is 4+ million shares and all the company got was $8 million. End of story. Or is it?
"These entities were also issued warrants to purchase an aggregate of 3,777,778 shares of our common stock for a purchase price of $3.00 per share.
The warrants, which are exercisable for a five year period commencing on the sixth month anniversary of January 30, 2007, the closing date of the transaction, contain cashless exercise provisions, which apply in the event there is no effective registration statement registering, or no current prospectus available for the resale of the shares of our common stock underlying the warrants, and full ratchet anti-dilution provisions. In connection with this offering we also issued to the placement agent, which is a selling security holder, warrants to acquire 444,444 shares of the our common stock for a purchase price of $3.00 per share, which warrants are substantially similar to the warrants issued to the investors, except they do not contain full ratchet anti-dilution provisions. "
It's not July 31 yet, so no warrants have been issued. Period.
"The selling security holders, by themselves or through brokers and dealers, may offer and sell the shares at prevailing market prices or in transactions at negotiated prices."
It's a back room deal. Midtown Partners didn't get a share. Just warrants. The filing makes everybody think all these shares are coming. They never hit the tape. It gets all the old 144 players to sell when they catch word it's coming. Gets all the regular joes to sell. Somebody bought some major shares in the last 6 weeks because of it. The SEC won't let them just accept money from insiders now. So they found another way to do it. Check all of them. All of those are hedge funds. They all play companies that they believe are going to be taken over or bought out. These guys don't just appear out of thin air. Kenny made a big pitch to them. Probably at that conference back in December. The stock has seen Hebrides hedge fund announce a 4.4 million share position back in December. Now they announce 5 more hedge funds have shares that play buyouts and acquisitions. These 5 also represent exactly 4.4 million shares also.
Not very often you get to know that hedge funds own at least 12% of a company. Several of us have been telling you for months hedge funds were buying this stock and a certain some said shut up. Now it's right there. It's also right there that this is a required filing so these guys can sell their shares at any time. It's also right there they can hold them and buy a lot more when everybody else is selling.
The hell I do.
Just back. Matt? What gives?
It's not a matter of knowing anything. It's just watching it unfold. You can look at the market makers displaying orders every day. You can see the lack of liquidity displayed to the upside every day for over 2 months. Yet there are always enough bidders glad to grab any and all sellers shares. Etrade doesn't make a market in this stock. They execute shares for individual investors. Once he gets them finally gone and limps away, it should move higher on the lack of liquidity to the upside.