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Cramer speaking a little too loudly now. This one will not go away. Said it on CNBC and he is still bragging.
http://www.nypost.com/seven/03202007/business/cramer_reveals_a_bit_too_much_business_roddy_boyd.htm
Many are of the belief that Hebrides is Trump. Got those shares on the cheap before it took off.
Once this Etrade idiot is gone, you're good. He has been walking it down not willing to take the bid from 2.20. He parked his azzzz at 1.99 all afternoon Friday. Now most of his shares going out at the lows. Good bye and good riddance.
Just found out DKAM presenting at this enormous Beverage Conference. With these particular analysts in attendance I would expect they will be taking a good look at DKAM. So go ahead and bash that for the next two months also.
http://www.beverageforum.com/2007speakers.htm
And beware of this nick change as this is cpneln who was all about all the big buyers that would be coming in to carry it higher. Who was the first one to dump the instant it opened after the earnings came out?? Hard to say if it was Raw or this guy. Point is he has no vested interest here anymore excpet to disrupt. So go and quickly change that nick again before they ban you.
And the old pattern has come back. When a trade crosses on the bid, a market maker jumps it up a penny. Same thing it did on every move higher through the first run.
$1.43 pivot gets taken out and it will go positive.
If there was ever a time you wanted to come back in, and do so by buying the ask, this would be it. These guys got the number they wanted and they are clustering around the 200 for the cover. No liquidity to the upside says they should start buying any bounce for a sizable run back up. Once it starts, it should move quickly. Putting up bids will not make it happen.
Who are all these brand new aliases showing up? That's what we should be more concerned about other than the short term day to day of things IMO.
Everybody waiting at the 200. Had to buy more with no liquidity showing to the upside.
No, not lowered on the others. The Willie and Damiana cases run out at around $115-$123 per case. So there is no way they would give them away for $8 a case.
No, no lowered case sale prices. In fact, the per case sales prices of Trump went up over $108 for the quarter and Newmans went to $9.40 where it was $9 a couple quarters ago.
Nothing they have would warrant 21000+ of case sales for 171,000 or about $8 a case. I haven't talked to PK yet but will make that call today and invite all of you to do the same.
This definitely looks like it will go green. Great volume and mostly buying now.
Agreed Chris. That's why I think it still merits getting to the bottom of those extra 20000 case sales of alcohol showing in the 10Q that are not showing in the revnue numbers.
This stock could be running in a few minutes
It's not an awesome find. It's the same thing I kept saying over and over yesterday. We even talked about it back the first week of February here. While we knew the money was so important for the company we also knew that the company would have to make those shares eligible for sale within 45 days. All yesterday was is that smae "eligibility" filing.
Like I also said, for two years now stocks have taken off when they landed a PP because of the viability of the comapny and enough cash to do business going forward. That is the case here also. This is the only stock in two years that has backed up on private placement news that I can find.
This is rather comical that this stock gave up 20% yesterday. Especially since the news that was issued was OLD news. Here is the press release from January 31.
Item 1.01 ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT;
Item 3.02 UNREGISTERED SALES OF EQUITY SECURITIES.
On January 30, 2007 (the "Closing Date") we sold to five investors (the "Investors") an aggregate of 4,444,444 shares of our common stock, $.001 par value ("Common Stock"), at a price of $1.80 per share generating gross proceeds of $8,000,000, and 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"). The Warrants which are exercisable for a five year period commencing on the sixth month anniversary of the Closing Date, contain cashless exercise provisions, which apply in certain circumstances, and full ratchet anti-dilution provisions. Out of the gross proceeds of this Offering, we paid Midtown Partners & Co., LLC (the "Placement Agent") $640,000 in commissions and $160,000 for non-accountable expenses. We will also pay the Placement Agent commissions equal to 10% of the purchase price of Common Stock acquired on the exercise of the Warrants, if and when that occurs. We also issued to the Placement Agent, warrants to acquire 444,444 shares of our Common Stock for a purchase price of $3.00 per share (the "Placement Agent Warrants"), which warrants are substantially similar to the Warrants issued to the Investors, except they do not contain full ratchet anti-dilution provisions.
We have agreed to use our best efforts to file, within 45 days of the Closing Date, a Registration Statement covering the resale of the shares of Common Stock issued to the Investors and the Placement Agent as well as the shares of Common Stock which may be purchased under the Warrant and the Placement Agent Warrant and to cause such Registration Statement to be declared effective by the Securities and Exchange Commission under the Securities Exchange Act of 1934, within 90 days of the Closing Date. In the event, we do not satisfy these requirements in a timely fashion we will be subject to penalties equal to 1% of the purchase price paid by the Investors for the Common Stock for each thirty (30) days that elapse prior to the satisfaction of the requirements, except that the aggregate maximum amount of the penalties that may be imposed for such failure is 20% of the aggregate amount paid for our Common Stock by the Investors. In addition, the cashless exercise provisions of the Warrant and the Placement Agent Warrant will apply if at any time after one year from the Closing Date there is no effective Registration Statement for the resale of the shares of Common Stock purchasable thereunder.
Mr. J. Patrick Kenny, our President and Chief Executive Officer, and Mr. Frederick Schulman, one of our Directors, agreed that for a two-year period commencing on the Closing Date, they will not sell 10,000,000 (for Mr. Kenny) and 700,000 (for Mr. Schulman) shares of our Common Stock which they now own.
Like I said yesterday, Friday for the filing you saw yesterday got them in within the 45 days. These were the shares that we saw in the press release then that gave them the cash to clean up the balance sheet and make them viable to execute their business plan and go global. Back then, it carried the stock from $2.90 to $3.58 from 1/31 to 2/5 and to new all time highs because of the implication of the news.
It also states once again that there were warrants issued that could not be exercised for 6 months. That means the price of the stock has to be over $3.00 AFTER 6 months from the date of closing, or July 31.
Since this was a private placement, the company needs to file that the shares are eligible for sale. This would be the opposite of restricted 144 shares where the person holding the shares files their eligibility to be sold.
This was in yesterday's press release:
If any of the securities being registered on this Form are to be offered on a delayed or continuous basis pursuant to Rule 415 under the Securities Act of 1933 check the following box. |X|
This means it will not be immediately. And here is the kicker from yesterday's news:
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."
This clearly states the 4.4 million shares from the private placement being eligible for sale on a delayed or continuous basis. It also clearly states that all those warrants may be issued and if they are, will be available for sale. From above, we know that won't be until July 31 and IF the price is over $3.00 at any time after July 31.
So the net result is the idiots sold this stock off 20% yesterday on the exact same news they had in front of them 45 days ago that carried the stock to all time highs. And even worse, they did it on the "possibility" that 4.4 million shares may hit the tape from time to time. Like I'm going to give the company $8 million and immediately lock in my $2 million loss 45 days later. NOTTTTTTTTTTTTTTTTTTTTTTT!!!!!!!!!!!!!!
They sell it on all time sales records. They sell it on the debt clean up. They sell it on the financing to clean the debt up. They sell it on the filing of the shares used to finance the clean up. They sell it when somebody else sells. They sell it because it goes lower. They sell it every time a good news PR comes out. They sell it because they expected more. They sell it because a certain market maker is on the ask. They sell it because it cannot hold an uptick. They sell it because market makers hold back buys every day for over a month and delay fills. They sell it when the CEO locks in 10 million shares for two years not to sell. They sell it when no insider has yet to sell a share since Trump was introduced. They sell it because everyone convinced 11 million shares will sell it. They sell it because those that bought $1.80 are instantly going to take losses and sell it right? They sell it because it is OTC. They sell it because the market is going higher and it is not. They sell it because somebody who has no idea thinks the stock will never go above $2.33 ever. They sell it because nationwide Newmans expansion and global Trump expansion means nothing. And now they sell it at the most oversold level the stock has ever been at. At least Eddie Murphy had enough sense to buy when Mortimer was selling. :)
http://stockcharts.com/h-sc/ui?s=DKAM&p=D&yr=1&mn=0&dy=0&id=p09590182139
Just looked in all the lockers. All the towels are gone. Getting tossed in the hamper. That means the buys are just about to happen. Not pumping just the voice of reason and experience.
I see what happened now. When the SEC cmae in and helped them clean up the books and get clean, they found all those shares they gave for products and services were priced too low. They had to be repriced and converted to stock. As soon as the market saw that, they immediately lumped them into the "sub prime lender" category. Only explanation left. Common sense went out the window a long time ago.
LMAO! RSI-5 is the lowest ever since the company came public. Now in deeply oversold territory at 20. No wonder they are just giving them away. Everybody always buys too high and then sells them at the lows.
Well depends on who your UBS broker is. Mine says the 4.4 million shares are the same ones registered in the PIPE and those people are up nothing with no plans to sell here or for a loss. Today's filing is just the follow up to January's PIPE deal to get the filing in so they do not incur any penalties for late filing. But of course no plans to sell here because they are not eligible for slae until May 1 at the earliest. So look at all these shares being bought here. I still contend the MMs load up and then they run it in advance of the paper coming in.
I guess we own NEWC right? $10 billion in losses and off to the pink sheets. No hope for recovery. Sell some off but the result is the same. Even NEWC over $2.00. I guess DKAM is worse than that with a "clean balance sheet."
NITE, ARCA, UBSS, SBSH all on the bid. Like I said before they are buying and gladly taking them off your hands. Let the mass exodus begin right into their hands! LOL
Tell your UBS broker to go to his boss and tell him he needs to go back and get relicensed. There is no insider selling going on. If your broker is referring to restricted share 144 sells then tell him to clue you in on the exact number of shares that are hitting the tape today from the filing and who it is. Until he can tell you that and until UBS gets off the bid and stops buying, then he is in a direct conflict of interest with his own client.
Good! We're almost there. People ready to sell. Time for the stock and the message boards to just go away. Warrants that cannot be sold unless it gets over $3. All these shares that are just going to flood the stock at the earliest 6 weeks in the future. Oh gloom and doom. Kenny locked in his 10 million shares and that doesn't matter. But OMG!!! Somebody might start dumping 11 million shares that they bought at $1.80 six weeks from now. Where they going to dump? $1.50? $1.00? $1.80? $2.00? $3.00? $4.00? None of you has a phiucking clue and that is the truth. I'm so tired of the idiocy. Don't take it personal. It's just business and the trend you see over and over.
In fact, I would also almost be willing to bet the farm this one does exactly what so many others have done. If 11 mil are up for sale starting in May, between now and then there will be some market makers jump on it to run it towards the highs in advance of those shares. It happens all the time.
This is when you load a stock. When there is so much "could dilute", "could see selling", "could adversely affect". Even moreso when everyone is convinced a stock has no reason to ever go higher again while this earth is a planet. That is when you buy. After all, you can't have it both ways. Everyone thought the break out was only the start of an incredible move higher and it went the other direction. So while everyone is filing out, the shares get loaded up. The one thing you won't find in any of those negative posts and "Oh woe is me" reactions is the fact the stock could take off at any time for any reason. Just like it did before.
ARCA buying any and all sellers. As soon as somebody figures out that's a big buy signal, it will go.
That should be the financing shares that needed to be filed within 45 days and eligible for sale in 90 days. 45 days from January 31 and here we are. No new news here.
Should move higher today. Company did the right thing by not putting out any news. Every time they say something it goes lower. Now go quiet and let it go!
Well Carl I think there is one important thing to gain from this past week that should be added to the list of all the others. In most cases you have definitive analyst coverage and deep pocket buying that can easily take a report that many feel is negative and do the complete opposite of. We see that all the time. Company puts out what many feel are disappointing results but the guidance is good and deep pockets run the stock. We also see companys report record results and the stock goes down miserably because of the guidance or maybe margins were shrinking or perhaps the analyst expectations were so lofty and it had run so far up that it created a "buy the rumor, sell the news" scenario.
In every case though you have deep pocket positions acting against the stock. Many times it is contrary to what "the public" thinks should happen.
That did not happen here. In the absence of any analyst coverage this small start up did the unthinkable. They posted record revenues, 875% growth over last year, 20% growth over last quarter, soaring margin growth, elimination of all debt, a "clean" balance sheet, largest cash position to date, nationwide expansion of Newmans, worldwide expansion of Trump Vodka, and renewed distributor acceptance of Damiana and Willie Nelson.
$2 stocks just don't do this. Some have shown signs but not all at once like this. It was only just a few people in the absence of analyst coverage that were able to dictate the very short term direction of the stock. In other words after all this the company pulled off they expected more. When they didn't get instant gratification and instant huge rewards, they dumped. As soon as enough people realize that all the growing pains of being a small start up are behind them now and they are positioned to enjoy the majority of their earnings growth and worldwide acceptance going forward then you'll see this stock put the run on like never before. Right now this company is averaging more than a 500% growth rate and yet the stock is only up 89 cents above its recent high before it began to show everybody its growth potential. People found it then and knew what it was capable of. Many of them are gone. A whole new host of people are coming in now that know exactly what the stock is capable of and will stay around long enough to see it realized.
Remember one thing. Still no insider has sold a share. Not a single share since Trump Vodka was introduced and more than a 400% rise in the stock price from the break out to the highs. That speaks so much more loudly than a couple of guys asserting their opinion. In this business the company opinion speaks the loudest. Always has. Always will.
Carl you're very close. I was watching it while enjoying that nice LEND run. The stock was bidding up and enough bid support to run at the open. A couple of upticks and then one we know of dumped, then another we know went right behind him. There was only 38000 traded at 2.55. Then the next wave hit that took it over 400K and that gave you the 2.15 before the conference call. The things was there was almost 300K that came in lower in the 2.15-2.25 area that was waiting. After the CC, another wave hit when anothe took off his position based on the advice of someone else...LOL! Everyone jumped on that 1.89 with yet another 300K that took it back to 2.20. So while everyone is staring at the lower PPS now I'm pretty confident somebody with grand intentions picked up at least 400K of those and probably more. With the steep decline in volume the next two days the majority of sales are gone. You had one retail investor blocking it most of the day Friday with his shares on E-trade. As always is the case, if people would wake up and take their sell orders off the board then stocks would go higher. About the 20th time that has happened in the past week where a large block has shown up on the ask and they get bought ferociously where we don't see trades go through much on the ask otherwise. That convinces me somebody is buying in bulk and in blocks.
Any time now. Any time.
Correct Coach. Everything is in place. Now it seems the only piece missing is the $5.00 price for a sustained period. That's the same thing that happened to FRPT last year. All the pieces were in place and then some hedges showed up with one goal in mind. And of course they pulled it off. No reason why it couldn't happen here. With so many of those 144s gone there is really little standing in the way of some hedge funds running it up. Of course on a percent basis most current shareholders would rather see a move from $2 to $8 for a triple instead of hoping it goes from $10 to $40 after a reverse split. At the same time though mutual funds are not apt to come near the stock while it is still OTC and definitely not below $5. So a catch-22 of sorts.
Definition: A reverse stock split is a reduction in the corporation's total number of shares available and an increase in the stock price.
A reverse split usually occurs for one of two reasons…
1.) Most mutual funds won't invest in a stock below $5/share. Some companies will reverse split their stock to try to get it above that level so mutual funds will invest in it.
2.) Stocks must remain above certain price levels to stay listed on a stock exchange. Companies might do this to stay listed. A 1:2 reverse split means "1 new share for every 2 current shares." So if you owned 2 shares of a $3/share stock, you would then have 1 share of a $6/share stock after the split.
I said before that is so crucial to get that outstanding down to 16 million and the float to 3 million. That does not leave many shares for the average beverage sector fund to grab on to. Once the guys find out that top management is locked into selling their shares for two years it makes it an easy sell for them to take positions. Once a reverse is complete then there is every reason it could start running again as players hop in like they did on FRPT when the time approaches to go for Nasdaq listing. That's why FRPT went from $6 to $24 so quickly.
But hey, we see all the positives out there and we make management aware of them. All we can do. Plus we keep sending the stock and all the financials to every analyst out there. Eventually some hedges will figure out the stock is being accumulated by somebody else who plans on taking it higher and they'll want in on the run before it really gets moving again.
Correct on the reverse split. Many of those OTC's have seen the reverse split/forward split combo to clear out all the riff raff. In this case it would be like ERIC, MSTR, CKCM. In fact CKCM reverse split only and then got bought out for more than 50 times its low price.
Junky brought up an important point awhile back. When Drinks goes global behind Hubert, they will probably apply for a name change. Sure it costs money and they can always d/b/a it. Might get done when they move to a higher exchange. Four important things on the burner now need some deep digging.
1) Forward split to reduce outstanding to 16 mil and price to $10. Brings analysts and coverage and assures a higher exchange listing.
2) Find the missing 21000 cases of alcoholic beverages and 5000 cases of Newmans Own not reported in the $$$sales for the quarter which equated to well over $2 million in revenues.
3) See how far in the bid process Coke and Pepsi are to distribute Newmans nationwide.
4) Find out what hedge fund Bach Holdings and David Conbar's interest is here along with Investment Analyst David Palmer at UBS both of whom called in on the CC. As we all know UBS has been hovering on the stock as the AX since last August.
Yep, own shares for a long time. I was pulled aside some time back by a rather eloquent gentleman that explained the whole deal and how it would unfold. He said grab it and never let go. Haven't traded a single share and don't plan to. If you're still here when DKAM gets bought out(no pump) I will be glad to tell you who it was. Until then it is my little secret.
:)
Oh almost forgot on your other question. No I have not heard any more on Coke and Pepsi. This other guy on Yahoo has me searching even deeper on the $2.1+ million and 21000 cases of TV in missing sales the company did not report on their earnings.
That's why they've never heard of it. Most of the stores in the control states never have any idea a product is coming even though they have numerous requests for weeks and months before hand. I already checked, TV is slated to be on the NC price list for May 1. OWR is already on there at 12.27 a bottle. Damiama is set to come on with TV.