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Revenues ... Revenues ... Revenues
I raise a glass to them for getting this done.
Drinks Americas Rheingold Beer Continues Expansion, Now to Be Distributed in Texas
GlobeNewswire
Posted 8:00 AM 02/28/11
WILTON, Conn., Feb. 28, 2011 (GLOBE NEWSWIRE) -- Drinks Americas Holdings, Ltd. (OTCBB:DKAM) a leading developer and marketer of beverage products, today announced that an agreement has been reached with Faust Distributing of Houston to sell Rheingold Beer in its territory in Texas. The first container order has been sold and will ship in March. Additional Texas markets will open in May and June.
Joe Belli, National Sales Manager for Rheingold Beer, stated, "Texas is a top ten beer market and does almost 10% of the nation's beer consumption. Distributors and consumers remember the brand. We are looking forward to selling a lot of Rheingold in this market as more and more people discover its taste and refreshment and come to appreciate Rheingold's rich heritage."
Rick Forcier, General Manager of Faust Distributing, stated, "We were very excited to hear that Rheingold Beer would be made available to Texas and we are honored to have the opportunity to distribute this fine product. I grew up on the East Coast and I fondly remember Rheingold. I was too young to drink beer during those years, but now, not only do we have the opportunity to enjoy it, we also have the opportunity to offer Rheingold Beer to our retail partners and consumers."
J. Patrick Kenny, CEO of Drinks Americas, added, "It is very special to expand our distribution and Rheingold Beer business to a major distributor like Faust Distributing in Houston. The size of our business continues to expand."
Drinks Americas launched Rheingold in September 2010, and the brand is now being sold in New York, New Jersey, Connecticut, Pennsylvania, Georgia, Ohio, Kentucky, Michigan and now Texas. Definitive plans to expand to Florida, Maryland, Washington DC, Illinois, Oklahoma, West Virginia and Massachusetts are underway.
Reverse splits are usually never successful for the existing shareholders. The authorized shares usually never are adjusted downward to reflect the reverse split in PINKs. The company then continues to issue shares in a "barter fashion".
Employees, vendors, suppliers, etc. that take stock instead of cash payments because the company has a negative cash flow, start selling their shares on the open market, to get their money, putting downward pressure on the share price.
Often times PINKs have no other option than using this method to raise capital because traditional loans are no longer forthcoming.
Timing is everything in PINKs that do this. In order for shareholders to make real money, they have to buy in after the "last" reverse split. That being when the company has finished using the equity market to raise start-up capital, stopped diluting the shares, can access more traditional lines of financing, and is nearing or superceding its breakeven point.
SFIO has already blown through two significant loans in the last year while not bringing their products to market yet, and they continued to dilute their stock.
Until such time as those trends can be reversed, downward share price pressure will continue except for some occasional PR driven and Market Maker price manipulations.
Debt will swallow any company and SFIO has to be buried in it. No one will ever know how much until a financial statement comes out. But even then, if it is ever released, it will come with a very positive shareholder letter promising great things in the future, to keep shareholders motivated to buy more stock.
Two things SFIO's financial's will not come with, are audited certifications and a list of RISK FACTORS.
There is no reason to buy this stock now. Not when you can wait it out and watch to see if they ever file financial's, bring out their e-cig products, start selling them, and eliminate all doubt that they are a legitimate company. Right now they look like a 2+ year old company running it for their own gain and no one elses.
pkropp Share Monday, February 28, 2011 7:24:33 AM
Re: FUNMAN818 post# 15691 Post # of 15695
How does reverse split make $$ (for any company)?? In a 3 for 1 split 300 shares at $1/share become 100 shares at $3/share. (either way $300)
Mostly this is done to meet or maintain NASDAQ requirements. Most times reverse splits are not successful, but they don't initially create funds for company.
If these scammers actually bring out a product that the public starts buying, I'll be so happy for you guys.
But in the mean time, they've pushed the shares envelope near the limit to pay themselves, and will be forced to do a reverse split to raise more money to pay for everything else they promise.
So we'll see whose right in a matter of weeks, right?
kevenluck Share Saturday, February 26, 2011 8:36:58 PM
Re: evandisher post# 15681 Post # of 15690
Those this mean we are going to have to get a going away present for Foh, Funnan and Truescammer. lol
I look forward to 3D sales announcements resulting from the demo units in distributors' hands in this and the next quarters.
A much stronger indication of this company's direction will evolve.
Anyone wishing to investigate the dilution can look back to the financials of the past.
http://google.brand.edgar-online.com/EFX_dll/EDGARpro.dll?FetchFilingHTML1?ID=5835643&SessionID=_AMqWjaYAmK-UP7
Now be certain, I agree with you, dilution kills shareholder value and it has happened here.
I do not view dilution as today's problem because the situation has changed.
Viking's present sales position and introduction of its revolutionary 3D product is a game changer; it's been shipped. For a PINK that's a major milestone.
Other people (distributors) are invested in the product with a self motivated, financial interest to market the product.
As I meant to say previously when I spoke of investing at the right time, after all of the bad stuff has happened, timing is everything and I think now is the time for Viking.
ssc Share Friday, February 25, 2011 3:42:37 PM
Re: FUNMAN818 post# 3541 Post # of 3542
The dutchess financing isn't ancient history and is ongoing as far as I know. Raising millions of dollars at .25/share qualifies for significant dilution in my book. You sound too knowledgeable about investing to own this stock and not know about this. Surely you don't need someone else to tell you how many shares have been issued in the last year or 2.
I wonder if we'll see 50,000 - 100,000 "sells" later and the "bid"?
kezzek Share Friday, February 25, 2011 11:41:42 AM
Re: FUNMAN818 post# 57198 Post # of 57199
It looks to me like someone was willing to buy at $.0048, as indicated by the late trade, they waited to see what would happen today and when they saw the ask was not falling, started to buy. Keep in mind it's less than $2,000 in total activity we're talking about. This is why charts are pretty much useless on OTC stocks, IMHO.
Interesting how last nights "t" trades seem to have effected this morning's trades.
http://ih.advfn.com/p.php?pid=trades&symbol=dkam
If the dilution has not happened to any significant degree in three years since the reverse split, I have to assume the trend is stable. Revenues and increasing 3D unit sales are tantamount to VKNG having found the goose that laid the golden egg.
VKNG did report:
"We executed a financing arrangement that infused approximately $2.8 million of capital without an onerous debt structure or significant dilution to our shareholders, as compared with other potential financing choices. Without this financing vehicle, the project completion and launch would not have been possible."
Going forward, more traditional financing sources will emerge if VKNG is performing and acting like a legitimate company, and not a PINK whose backers went public in a get rich scheme. When I look at the management and board of director resumes I have to conclude these are legitimate businessmen.
Lenders or private equity investors will come forward as VKNG can forecast "booked sales" needing to be fulfilled. That's their "dream" loan or investment. All the bad stuff, loses, and years it took to get near the finish line are in the past. Their timing couldn't be better when profitable return on investment looks to be nearly a short term, sure thing. Right now I think I bought my first and second share position near that point.
I am not a "long" from years past. I don't have the negative history some got burned by. A 1 for 48 reverse split must have left some early investors VERY bitter.
I plan to be a "long" and continue to accumulate shares as they announce sales and shipments. I don't have a crystal ball. I wish I had "insider" information. But I have to believe my eyes. Their breakout seems to be finally happening right now.
It also seems to me that "traders" are not buying VKNG. It's "long" retail investors, small risk takers making "long bets". 70% - 80% of the transactions are initiated as buys. 90% of the transactions are under 5,000 shares.
ssc Share Friday, February 25, 2011 10:43:45 AM
Re: FUNMAN818 post# 3539 Post # of 3540
The dilution I'm concerned about will come from the need to raise capital going forward as production ramps up. Will it be the dutchess variety or will a better source be available based on perceived success of the new system?
ssc, You raise good points.
I contacted the company just last week asking for the 3D equipment's retail price. They did not respond.
To guess at the revenue "impact" in my own "estimate percentage bump" I am extrapolating resonable percentage revenue bumps using past gross revenues which include 2D (and then 3D sold basically at cost which is why the gross margins are down now). Further, I am making the assumption that independent distributors are making an investment. Their return on investment will only come from selling new equipment and the demo unit as used. They are self motivated. If they only sold 1.2 units a year per demo unit, it would seem to me to be a tremendous misallocation of investment resources.
Beyond that at the moment I am counting on the company not using a business model that does not include a 3D product breakeven point. I assume not doing so is unreasonable. There will be a net benefit.
So I am focused on the meaning of increased revenues which solves most ills at any company that is being well run. It's also the future promise most investors look for which is also why I bought VKNG.
Regarding dilution, do you know what the outstanding share count was immediately after the reverse split January 7th, 2008?
ssc Share Thursday, February 24, 2011 10:49:53 PM
Re: FUNMAN818 post# 3535 Post # of 3538
You rehashed a lot of information. Surprising that you do not mention any dollar figures. Do you have any idea how much a 3DHD system sells for and what the profit margin to vkng will be? Without that, and without a better idea of how much more dilution lies ahead, it's hard to put a number on what the share price might be in, say, 6 months or year or two. Maybe that accounts for the lack of volume and new investors here.
Revenue will be closer to $200,000 at the VERY, very best, though their financial's are not going to be audited, so all of the details are going to be tough to believe anyway.
Forget about 7 figures ... if they crested a million dollars, does anyone really think SFIO would have experienced the problems they had this year.
Their key European distributor who already said it's taken longer than anticipated to get started, but they are looking forward to a great year with SFIO, contributed virtually nothing.
You have "contracts" that are verified to have yielded nothing, and a product we were all anxious to see introduced over a year ago that is yet to be PRODUCED.
I hope the best happens for all of you who honestly believe you are investing in a legitimate company. But brace yourselves for great disappointment. These people already told you they were making sales, shipping product, doing great things, and no one can find it in retail outlets or buy it. Of course there is always "tomorrow" but how can anyone believe these guys after everything they said they did "yesterday" that didn't happen?
What is certain is they are going to promise you great things and make fantastic projections.
Learn from their history; from what they do and not what they say.
You may be right ... or I can just learn
kezzek Share Thursday, February 24, 2011 7:56:29 PM
Re: FUNMAN818 post# 57194 Post # of 57195
Other than someone "painting the tape" with a last minute buy, which is practically the norm with DKAM and many other penny stocks, I don't think it's manipulation. They are probably annoyed that they didn't get the trade reported as the closing price.
You'll see a lot of opening and closing buys at the ask to try and get people to jump on the stock and sometimes a small buy at the ask during the day.
If you don't like prices and charts being manipulated, I'm not sure you want to play in the small cap arena and I know you don't want to be trading OTC issues as without an automated exchange for trading, they are very easy to manipulate.
I don't understand what you say happened.
Can you try explaining it again, a little "slower" with more detail?
As you are, I am concerned about deliberate manipulation for motives not beneficial to common shareholders.
Showing the top price paid today, at the end of the day, and not within the high & low range of the entire day, was done for a reason.
I just want to know what's going on, not only here, but when I see it happen here and elsewhere in the future.
kezzek Share Thursday, February 24, 2011 5:17:13 PM
Re: FUNMAN818 post# 57191 Post # of 57193
I think you're over worrying about a total of $72 in trades at the ask. They were likely either trades that weren't reported until after the close, or trades that took place after the close.
Remember, this is the OTC, trades are not done electronically, but reported by the MMs after execution.
Would doing it manipulate a traders chart?
griff100 Share Thursday, February 24, 2011 4:40:59 PM
Re: FUNMAN818 post# 57189 Post # of 57190
I don't know what's happening, but it happens quite often.
I don't get the last two trades of the day?
What was the explaination how DKAM can trade after hours?
griff100 Share Thursday, February 24, 2011 4:01:41 PM
Re: Spartak post# 57186 Post # of 57188
C-H alert..DKAM closed up 20%...
"Long" potential is flying under the radar, but very obvious.
Yours is a very good question. That's why VKNG hired a PR firm to help them get the word out. See the press release below.
Here's my take on VKNG right now.
Tracking "buys" and "sells" is interesting. Except for today when the 8K came out, virtually 70% - 80%+ trades are initiated as a "buy".
Avg Daily Vol (13 Wks) is ... 137,590 ... not in the millions of shares per day, most traders are looking for.
VKNG's IPO was at the end of 2004. They did a 1 for 48 reverse split January 7, 2008. There are only 58.34M outstanding shares now. For more than 3 years they were not playing games, diluting shares and killing shareholder equity.
VKNG is a PINK aspiring to become a real big company, and act like it long before they are.
$8,000,000 is sales on top of $7,200,000 the year before points towards the company establishing itself in the marketplace.
Bringing out a vastly improved product (2D upgrading to 3D), should yield the same kind of sales results business machine, computer, and cell phone companies have long experienced; all existing customers will eventually upgrade.
Add to that during the next quarter more "paid for" demonstration units in the field pumping up interest and filling the new customer sales pipeline for 2011 and 2012. VKNG could see a 50% - 100% sales bump just by selling a small percentage of the machines they are gearing up to produce monthly.
I like VKNG's lack of bravado that most PINKs can't help themselves from spewing to "dreamers". They will be able to produce and ship 1 machine for every demo unit in the field (approximately 50) every month.
31 systems are projected to ship during Q1 2011. That's happening now. Combined with the prior shipments, that's where the 50 demonstration units comes from.
If they ONLY sell and ship 10% of their manufacturing capacity, that would be 60 machines this year.
That compares with "during the 33-month period from January 2008 through September 2010, we shipped a total of 28 3D systems", and "21 systems shipped in Q4 2010".
So at the 10% number, that's only 1.2 sales per year / per demonstration unit.
Can you realistically believe any distributor would invest in 1 or 2 of the demonstration units for such a paltry return on their investment? If I was the distributor manager, I would never get involved unless I "knew" a market existed for the product.
So if every demonstration unit yielded 1 sale every quarter which is still pretty conservative, that extends to 200 units. I think the reality will be somewhere in between.
I think the really interesting thing to watch will be when we start seeing more numerous "buys" for 10,000+ shares. I think they will be doctors who are using the machines and distributors who are selling them; true believers.
When that starts to happen VKNG will be a slam dunk, but it may not start until then.
AKmoney Share Thursday, February 24, 2011 2:31:06 PM
Re: FUNMAN818 post# 3532 Post # of 3533
Somebody wanna clarify why this stock is only worth about a quarter? With all the big names they are invovled with and the fact that it is only a matter of time before the 3D technology will be a surgery standard makes the price and sad movement of this stock seem like Simple Jack is dictating the price.
Viking Systems Retains Porter, LeVay & Rose, Inc. to Advise on Investor Relations Awareness and Outreach Initiatives
GlobeNewswire
Posted 7:00 AM 02/07/11
WESTBOROUGH, Mass., Feb. 7, 2011 (GLOBE NEWSWIRE) -- Viking Systems, Inc. (OTCBB:VKNG), a leading worldwide developer, manufacturer and marketer of 2D and 3D visualization solutions for complex minimally invasive surgery, today announced that it has retained Porter, LeVay & Rose, Inc., to advise the Company on its investor relations initiatives. Porter, LeVay & Rose, Inc. has more than forty years of experience in investor relations and financial public relations.
Jed Kennedy, President and CEO of Viking Systems, stated, "We are very excited to be working with Porter, LeVay & Rose to help communicate Viking's progress, results and key initiatives to the investment community. As we gain market adoption and penetration with our new 3DHD Visualization System, we look forward to sharing our progress with our shareholders and other members of the investment community. Porter, LeVay & Rose, with its extensive experience in the financial markets, will help us achieve our goals."
Michael Porter, President of Porter, LeVay & Rose, Inc., said, "We are excited about working with Viking Systems and its management team as we begin an active awareness and outreach program that will involve consistent communications and introductions to members of the investment community. Viking is involved in a very exciting industry, and with its recently released new technology, the Company is at a very interesting time in its evolution. We look forward to helping them achieve their objectives."
About Porter, LeVay & Rose, Inc.
Porter, LeVay & Rose is a premier full-service boutique investor relations and corporate communications firm. For 40 years, we have monitored the pulse of Wall Street from our New York headquarters. Our clients, who represent a cross-section of industries, including technology, biotech, medical device, manufacturing, business services and retail, consistently turn to us for the best in investor relations, media and editorial services. PLR achieves results by increasing our clients' visibility, influencing the financial community, and ensuring that messages are accurately articulated and fully disseminated. PLR has worked with clients in the initial stages of the Pre-IPO, non-public/companies, and crisis management. We have been the choice of many companies over the years, and have earned the reputation of putting our clients in front of the 'right' audience. We've been successful at aggressively telling our clients' stories, increasing institutional ownership, gaining media coverage and retaining positive stock activity.
About Viking Systems, Inc.
Viking Systems, Inc. (OTCBB:VKNG) is a leading worldwide developer, manufacturer and marketer of 2D and 3D visualization solutions for complex minimally invasive surgery. The Company partners with medical device companies and healthcare facilities to provide surgeons with proprietary visualization systems enabling minimally invasive surgical procedures, which reduce patient trauma and recovery time. For more information visit the Company's website at: www.vikingsystems.com
This press release contains forward-looking statements. These forward-looking statements are estimates reflecting the best judgment of our management and involve a number of risks and uncertainties that could cause actual results to differ materially from those suggested by the forward-looking statements. These forward-looking statements should, therefore, be considered in light of various important factors as described in our annual report on Form 10-K under the heading "Risk Factors" as updated from time to time by our quarterly reports on Form 10-Q and our other filings with the Securities and Exchange Commission. Statements concerning forecasts, revenue growth, profitability, production and shipment of units, future financial results, and statements using words such as "estimate", "project", "plan", "intend", "expect", "anticipate", "believe" and similar expressions are intended to identify forward-looking statements. You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. We undertake no obligation to publicly update or release any revisions to these forward-looking statements to reflect events or circumstances after the date of this press release or to reflect the occurrence of unanticipated events.
CONTACT: Viking Systems, Inc.
Robert Mathews, EVP & CFO
(508) 366-3668 Ext. 8392
PLR Contact:
Linda Decker - V.P. - Investor Relations
212-564-4700
See full article from DailyFinance: http://srph.it/ekSL54
GIANT STEP FORWARD to come after One Step Back
The new financial statement and shareholder letter (see below) are terrific. Demand for their 3D product is best seen by distributors who are lining up to sell it. But this PINK is doing everything right. Distributors have to pay for demonstration units instead of VKNG begging them to show their equipment.
That "want" can only exist because the distributors know end-user demand will be there once surgeons use the equipment. The distributors are in a "for profit mode", and wouldn't lay out cash resources if they didn't think they had buyers. They are motivated and that makes for the best sales environment.
This isn't a piece of equipment demonstrated like a copy machine. Surgeons have to use it. Distributors will need more demo models to leave at hospitals for periods of time. Once doctors become accustomed to them, they'll never want to go back.
Like Plasma TV's 10 years ago, they were new and only the wealthy bought them. Now Plasmas, LCD's and LED's sell for about the same as regular TV's did years ago, and nobody will ever say they wish they were watching on their old RCA.
The 3D trend is in Hollywood movies and moving to TV. Soon the technology will miniaturize the components so that even hand held devices are 3D.
Every surgeon will want to use this equipment once they've tried it. Viking is poised for a huge revenue increase over the next 24 months.
I am thrilled I sifted through enough PINKS to find VKNG. It's going to be a "long" money maker, and "traders" should have fun with it once the technology trend is more commonly known to exist here at VKNG.
Viking Systems Reports Full Year 2010 Results
GlobeNewswire
Posted 7:00 AM 02/24/11
Sales Increase 11%
Provides Business Update and Letter to Shareholders
WESTBOROUGH, Mass., Feb. 23, 2011 (GLOBE NEWSWIRE) -- Viking Systems, Inc. (OTCBB:VKNG), a leading worldwide developer, manufacturer and marketer of 3D and 2D visualization solutions for complex minimally invasive surgery today announced results for the year ended December 31, 2010.
Jed Kennedy, President and CEO of Viking Systems said, "We are very pleased with our significant accomplishments during 2010, having achieved our goals of developing and launching our new cutting edge 3DHD Vision System. I am also happy to report that during 2010 we increased our total sales by 11% and obtained the financing necessary to support our growth plans. We continue to be very excited about the market response to our new product and future prospects for the business."
Financial Highlights for the Year
•Sales increased 11% to $8.0 million in 2010 from $7.2 million in 2009, with the increase attributed to increased sales of Vikings OEM products, principally high definition 2D cameras.
•Gross profit for the year was $1.6 million compared with $1.9 million in 2009. The decline in gross profit for the year was primarily a result of inventory write-downs and sales of 3DHD demonstration systems during the fourth quarter 2010 to distributors at discounted prices, compared with an unusually high gross margin on a large order during the fourth quarter of 2009.
•Operating expenses increased to $4.0 million from $3.2 million in 2009 because of increased research and development expenses, as well as promotional costs related to the launch of the new 3DHD system.
•Net loss for the year was $2.4 million or $0.05 per share, compared with $1.1 million or $0.02 per share in 2009.
Business Update
Since beginning initial shipments in late December 2010 the Company has shipped a total of 23 3DHD systems including sixteen demonstration systems to its distributors. These distributors have reported a busy schedule of product demonstrations and very positive feedback from clinicians. The Company has shipped a total of seven other customer 3DHD systems, including a no charge system provided to Barnes Jewish Hospital in St. Louis, MO to support clinical development activities by the Company's Medical Advisor, Gerald Andriole, MD. The Company has orders in hand for three additional demonstration systems and two other 3DHD systems along with commitments from distributors to purchase an additional eight demonstration systems pursuant to the terms of their distribution agreements.
Mr. Kennedy commented, "While it is still very early in the selling process we are pleased with the positive response we have been experiencing for our new product. Based on our experience to date, we continue to believe that we will have demand for the 31 systems we plan to produce during the first quarter of 2011. While the exact timing of systems sales is difficult to predict due to the variability of purchasing cycles for medical capital equipment, we remain confident that our 3DHD Vision System can become the standard care for minimally invasive laparoscopic procedures."
Kennedy continued, "Our strategy includes the increased awareness of the 3DHD system capabilities through appearances at leading global industry symposiums, as well as through signing new distribution agreements in worldwide markets. The new system was recently featured in a live surgery demonstration at the 3D Laparoscopic Surgery Symposium held at The Minimal Access Therapy Training Unit (MATTU) at the University of Surrey in the United Kingdom and was demonstrated in Sony's booth at Arab Health 2011 in Dubai."
Last week, Viking's 3DHD system was demonstrated at The XIV Russian Society of Endoscopic Surgeons Conference, in Moscow where Yury Strarkov, M.D., PhD., professor, Chief, Division of Endoscopic Surgery at the A.V Vishnevsky Institute of Surgery stated to the delegates at the conference, "The Viking 3DHD system provides superior visualization and makes laparoscopic surgery safer. It should become the standard of care in the near future." Kennedy added, "We expect to continue to participate in symposiums throughout the year, and also seek additional distribution partners in the U.S. and abroad. To date, for the new product, we have fourteen distributions partners covering 28 countries and a majority of the United States."
Management has been exploring opportunities to supply 3D systems to companies developing surgical robotics and/or device companies interested in visualization for use with robotic systems and/or for use with advanced hand-held articulating surgical instruments. The Company has had discussions with several such companies and is evaluating opportunities to broaden the market for its 3DHD visualization system. Mr. Kennedy commented, "We expect to continue these discussions and evaluate opportunities to broaden the market for our new product."
Outlook
The Company has previously reported that it has production plans for 31 3DHD systems in the first quarter of 2011 and believes that it will ship most, if not all, of the planned production during that quarter. Nearly half of the planned shipments in the first quarter are likely to be distributor demonstration systems, which should strengthen the ability of the Company's distributors to close sales of the Company's 3DHD systems later in the year.
During 2011 the Company also plans to take the actions necessary with its suppliers and workforce to increase its production capacity for 3DHD systems from twenty systems per month to fifty systems per month. The Company also plans to evaluate financing options for additional working capital to support the anticipated ramp-up in sales.
Letter to Shareholders
The following is a letter to shareholders from Jed Kennedy, President and CEO. This letter will be available on the Company's website at www.vikingsystems.com.
Dear Shareholders,
2010 was a transitional year for Viking Systems — a transition that we set in motion in October of 2009 at the American College of Surgeons' Annual Clinical Congress in Chicago. In a corner of the Sony booth, Viking demonstrated a prototype of our next generation 3DHD Vision System with a prototype display developed by Sony. Looking back I am still amazed by the overwhelmingly positive reaction we received. Interest in the system continued throughout the entire meeting, and it was during that meeting that I was convinced that — if done right — three dimensional vision would become the standard in the operating rooms of the leading healthcare institutions around the world. Before we left Chicago, we developed a plan to launch the Viking 3DHD Vision System twelve months later at the 2010 American College of Surgeons' Annual Clinical Congress in Washington, DC.
Taking a medical device through an entire development cycle in twelve months is not a small undertaking. The Viking team did something that almost any other company, large or small, could not have done in just twelve months time.
Following is a summary of what we believe are remarkable accomplishments:
•We executed a financing arrangement that infused approximately $2.8 million of capital without an onerous debt structure or significant dilution to our shareholders, as compared with other potential financing choices. Without this financing vehicle, the project completion and launch would not have been possible.
•We recruited key technical personnel to ensure that our new product would not only meet our customers' expectations but also would create a patent portfolio that could ensure Viking's leadership position in the field of minimally invasive surgical 3D vision in the future.
•We developed strong relationships with key technology providers including Sony, without whose commitment to Viking and 3D our job would have been much more difficult.
•We prepared and submitted a 510(k) for the 3DHD Vision System and received 510 (k) clearance 63 days after submission.
•We developed a cost effective, financially committed independent distributor model as part of our first phase of distribution strategy. This strategy requires distributors to make a significant investment in demonstration equipment to secure rights to exclusive geographic regions. They must also meet minimum annual quotas to maintain their exclusive rights.
•We launched the Viking 3DHD Vision System at the American College of Surgeons in October 2010 as planned, and shipped fifteen 3DHD Vision Systems in the fourth quarter of 2010.
•We grew our revenues 11%, to $8 million in 2010, despite having disclosed over a year ago our plans for a next generation product launch.
I am quite proud of our accomplishments in 2010 and I am even more excited about the prospects 2011 holds for Viking. I believe we are making a significant impact on the marketplace, as evidenced by the dramatic increase in shipments of our systems. During the 33-month period from January 2008 through September 2010, we shipped a total of 28 3D systems; this compares with the 21 systems shipped in Q4 2010 and the 31 systems projected for Q1 2011.
While we believe an upward trend is developing, the ramp up rate for sales is less predictable due to the variability of buying cycles for medical capital equipment.
Despite this variability, we have set ambitious goals for 2011 and are taking steps to meet these goals:
•We plan development work on our Next Generation 3D system and to continue to strengthen our patent portfolio to maintain our leadership position in 3D vision for minimally invasive surgery.
•We plan to continue to investigate possible synergistic relationships with developers of surgical instruments that would enhance the overall value of Viking Systems.
•We plan to continue to develop our distribution network and to expand our distribution coverage to additional major markets in the United States as well as globally.
•We plan to increase our production capacity for 3DHD systems from twenty systems per month to fifty systems per month.
•We plan to continue to evaluate financing options, as we anticipate the need for additional working capital to support the contemplated sales ramp up.
•We plan to achieve profitability by the end of 2011.
Minimally invasive surgery offers tremendous benefits to patients by reducing recovery times and allowing patients to return to normal activities more quickly. It also reduces the overall costs of healthcare by reducing complications and the length of post-operative hospital stays. As the aging population remains active, the demand to develop new minimally invasive surgical procedures will also increase. 3DHD vision will enable surgeons to develop these techniques as well as to perform current procedures more precisely.
As our Medical Advisor, Dr. Gerald Andriole is fond of saying, "We live in a 3D world; shouldn't surgery be performed in 3D?"
Viking Systems is on a mission is to make 3DHD the standard of care.
Thank you for your interest in Viking.
Sincerely,
Jed Kennedy
President & CEO
Viking Systems, Inc.
About Viking Systems, Inc.
Viking Systems, Inc. is a leading worldwide developer, manufacturer and marketer of 3D and 2D visualization solutions for complex minimally invasive surgery. It actively markets and sells the only stand alone, cost-effective 3D system for use in minimally invasive laparoscopic surgery. Viking partners with medical device companies and healthcare facilities to provide surgeons with proprietary visualization systems enabling minimally invasive surgical procedures, which reduce patient trauma and recovery time. Viking, through its OEM products business, also designs and manufactures surgical vision systems and components for several leading medical instrument companies worldwide. For more information, please visit our website at www.vikingsystems.com.
This press release contains forward-looking statements. These forward-looking statements are estimates reflecting the best judgment of our management and involve a number of risks and uncertainties that could cause actual results to differ materially from those suggested by the forward-looking statements. These forward-looking statements should, therefore, be considered in light of various important factors as described in our annual report on Form 10-K under the heading "Risk Factors" as updated from time to time by our quarterly reports on Form 10-Q and our other filings with the Securities and Exchange Commission. Statements concerning forecasts, revenue growth, profitability, production and shipment of units, future financial results, and statements using words such as "estimate", "project", "plan", "intend", "expect", "anticipate", "believe" and similar expressions are intended to identify forward-looking statements. You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. We undertake no obligation to publicly update or release any revisions to these forward-looking statements to reflect events or circumstances after the date of this press release or to reflect the occurrence of unanticipated events.
Condensed Balance Sheets
December 31, 2010 and 2009
Assets
2010 2009
Current assets:
Cash and cash equivalents $ 950,285 $ 721,121
Accounts receivable, net 1,008,042 455,488
Inventories, net 1,619,094 1,537,851
Prepaid expenses and other current assets 184,842 67,103
Total current assets 3,762,263 2,781,563
Property and equipment, net 365,302 31,101
Intangible assets, net 70,000 140,000
Total assets $ 4,197,565 $ 2,952,664
Liabilities and Stockholders' Equity
Current liabilities:
Accounts payable $ 1,408,109 $ 919,807
Accrued expenses 794,633 770,136
Deferred revenue 55,119 359,027
Total current liabilities 2,257,861 2,048,970
Total stockholders' equity 1,939,704 903,694
Total liabilities and stockholders' equity $ 4,197,565 $ 2,952,664
Condensed Statements of Operations
Years Ended December 31, 2010 and 2009
2010 2009
Sales $ 8,041,048 $ 7,218,994
Cost of sales 6,452,988 5,341,917
Gross profit 1,588,060 1,877,077
Operating expenses:
Selling and marketing 1,103,528 985,012
Research and development 1,398,067 578,861
General and administrative 1,525,498 1,644,723
Total operating expenses 4,027,093 3,208,596
Operating loss (2,439,033) (1,331,519)
Total other income 1,952 257,200
Net loss applicable to common shareholders $ (2,437,081) $ (1,074,319)
Net loss per common share - basic and diluted $ (0.05) $ (0.02)
Weighted average shares outstanding - basic and diluted 52,437,504 43,000,963
Operating Loss Before Non-Cash Charges
Management assesses operational performance and improvement by measuring and reporting our operating loss before noncash charges. Management believes this non-GAAP metric is useful in understanding our ability to generate cash, before consideration of working capital or capital expenditure needs.
A reconciliation of net loss in accordance with generally accepted accounting principles, or GAAP, to the non-GAAP measure of operating loss before non-cash charges is as follows:
Year Ended
December 31,
2010 2009
Net loss, as reported $ (2,437,081) $ (1,074,319)
Adjustments:
Total other (income)/expense (1,952) (257,200)
Operating loss, as reported (2,439,033) (1,331,519)
Non-cash stock option expense 412,147 592,350
Depreciation and amortization 159,220 257,834
Operating loss before non-cash charges $ (1,867,666) $ (481,335)
CONTACT: Viking Systems, Inc.
Robert Mathews, EVP & CFO
508-366-3668 Ext. 8392
Porter, LeVay & Rose, Inc.
Linda Decker, VP - Investor Relations
212-564-4700
See full article from DailyFinance: http://srph.it/gBOpNs
How do you think Lyons is being paid now? How do you think DKAM will fund promotions? Probably with a combination of cash and shares. I say keep doing it. If DKAM stops using shares to barter for products and services, shareholders gain nothing if operations cease.
Current shareholders gain if new money bridges the gap from where we are today, to where Rheingold might, I repeat, might show 13-month ramp up revenues during Rheingold's re-introduction period of $700,000 - $1,000,000.
Zero to those numbers, with the second year offering the promise of more, is much better than the unfulfilled promises from a long list of pinks.
Rheingold can grow out of the sub-pennies long before it's profitable. It's the promise of the future that encourages every investor to buy stocks at a premium to what they are worth today. No pink could exist without "promise". That's what Rheingold is to DKAM. It's their flagship product.
One of the great benefits DKAM has is their flagship product is in the most popular alcoholic beverage segment. Institutional investors won't care about DKAM but consumers will. Rheingold will be a recognizable name and image in liquor and grocery stores; awareness adds value.
If Rheingold sales grow above $1,000,000, a lot more people will be attracted to the stock. We'll see the first step towards that in a few weeks, and we'll see what the trend is in 4 months.
kezzek Share Wednesday, February 23, 2011 3:32:32 PM
Re: FUNMAN818 post# 57147 Post # of 57151
I think you have it backwards. If you can't make money from high margin spirits, low margin beer isn't the answer. Every dollar spent on advertising is that many fewer cans of beer produced. Do you think anyone will produce without being paid upfront? The company has huge liabilities, the last thing a beer brewer wants is to be out tens or hundreds of thousands of dollars.
So, produce beer, market and advertise it, or expand distribution? No matter what DKAM does, it will require selling shares because they have a huge negative cash flow. If they expand and advertise, but then don't have enough money to produce, they're in trouble. Produce and limit advertising? Unsold inventory risk.
I never understood why they didn't simply work with Mexcor to make the spirits biz profitable. Clearly Mexcor thought they could do it AND pay DKAM a nice royalty. Instead, DKAM took it's limited funds and started an entire new line of beer, a product which is more capital intensive than the spirits biz they just exited.
I supposed from a SH POV, anything is preferable to liquidation, but a 99% loss is really not that much better and at least with liquidation, you can't lose any further investment.
Good luck.
The reason for the preferred stock with voting power is because if common shares voted, for $160,000 an individual or group could control the entire company by electing their own board members, fire the entire management team, and start running the company for themselves.
I am hopeful that PK's goal of keeping the company alive through dilution is to grow revenues thereby creating enough private equity interest to bridge the gap between now and breaking even.
The Mexcor deal is worthless in the long term. DKAM is supposed to receive a minimum royalty. The practical situation is that they won't be paid more than Mexcor earns, contract or no contract, and unless DKAM advertises the products they sell, a market will not build.
That's why Rheingold is the only meaningful product in DKAM's portfolio and the only one they should be trying to build. It's also why Rheingold is the only product that can meaningfully effect shareholder value.
PK needs to expedite expanding Rheingold's reach and market penetration, starting with advertising and promotions. He should capitalize on warm weather as soon as it starts, and the natural beer consumption up-tick that goes along with it.
More revenue will lessen the need to sell stock, yet to generate more revenue, Rheingold needs more advertising.
If he has to use stock to pay for products, advertising and services, I prefer that to liquidation. Someone already has my money. At this point, my seeing it to the end has to be with someone else's money, except that which I use to buy Rheingold every week.
Deception, dilution, smoke and mirrors. SFIO did it again. They have no money so they pay with shares. It's your equity, get it? Don't mistake who is behind 3rd partyies. If they actually bring out a product that people start buying, to survive, SFIO will have to do a reverse split in order to have stock to issue so they can basically "print money" to pay themselves.
Disclaimer: Crown Equity Holdings Inc. (CRWE.OB) anticipates receiving five thousand dollars in cash from a third party (Stock Expert) for one week of advertising services for Smokefree Innotec, Inc. (SFIO.PK).
Disclaimer: Never invest in any stock featured on our site or emails unless you can afford to lose your entire investment. StockHotTips.com.com publisher and its affiliates and contractors are not registered investment advisers or broker/dealers. Our disclaimer is to be read and fully understood before using our site, reading our newsletter or joining our email list. Release of Liability: Through use of this website viewing or using, you agree to hold StockHotTips.com report and Crown Equity Holdings Inc. CRWE, its operators, shareholders, employees and/or contractors harmless and to completely release them from any and all liability due to any and all loss (monetary or otherwise), damages (monetary or otherwise) that you may occur. (Read more at http://stockhottips.com/disclaimer)Rule 17B requires disclosure of payment for investor relations. Crown Equity Holdings Inc. (CRWE.OB) is a newswire as well as an IR and PR firm. Crown Equity Holdings Inc. (CRWE.OB), in some cases, provides media advertising and public awareness for both public and private companies, as well as disseminating news. As such, in some cases, when Crown Equity Holdings Inc. (CRWE.OB) advertises for a particular client, Crown Equity Holdings Inc. (CRWE.OB) charges an advertising fee which it must disclose under 17B. The fee may be in cash, in free trading stock or in restricted stock. Crown Equity Holdings Inc. (CRWE.OB), if paid in stock, can and may sell those securities during the advertising period.
Smokefree Innotec, Inc. (PINKSHEETS: SFIO), an established international distributor of e-cigarettes (http://www.sfio.us or http://www.realsmokefree.com), recently announced through its President and CEO Thomas Schroepfer, that "For the New Year we have moved our business office to 2300 W. Sahara Avenue, Suite 800 in Las Vegas, Nevada 89102. Details can be found on our web site. Also, I want to wish all Smokefree shareholders a prosperous and Happy New Year, and let them know that we are dedicated 24/7 to creating value for the shares of SFIO, and are constantly seeking out and implementing solutions that work for everyone in our business model, to the benefit of Smokefree Innotec, its partners, and its shareholders."
The Company has experienced significant growth while overcoming setbacks in 2010, particularly in the effect of changing regulatory positions in both the U.S. and internationally. The year began with the Euromarket countries (except Germany) adopting surprise restrictions on marketing nicotine products, and ended with Australian and U. S. regulations being relaxed on such marketing for e-cigarettes. While European markets generally restricted our products to non-nicotine lines, we entered into joint ventures to expand our offerings to successfully include non-nicotine flavored products. In the U.S. we are now about to offer all products, including new flavors presently in testing, through our web site with the convenience of ordering online through shopping carts. This approach will be replicated throughout all of our international markets as we begin an aggressive branding program for Smokefree Innotec.
George Roth, CFO added, "The harsh chaotic December winters suffered by Europe have significantly impacted our progress in those markets, but we intend to resume our marketing activities to place our products on countertops in convenience stores throughout those markets, with a more flexible pricing structure. Similarly, opportunities to replicate this approach here in the U. S have been brought to us and are under negotiations. We are seeking out additional distributors and invite all interested parties to contact me regarding qualifications."
About Smokefree Innotec, Inc: www.smokefree-innotec.com
Smokefree Innotec, Inc. is in the business of designing, developing, manufacturing and marketing hi-tech, nicotine and non-nicotine cigarette-like delivery devices which are completely smoke and vapor-free and tobacco-free. Smokefree Innotec's products are designed to protect the non-smoker from second hand smoke and all its effects while providing the smoker a way to enjoy a smoke-free cigarette anywhere, including places where smoking tobacco or similar substances is prohibited. Further, our products will allow the smoker to enjoy smoking either nicotine or flavored non-nicotine cigarettes while not having to worry about the offensive dangers and ill effects of regular cigarette smoking. However Smokefree Innotec products are not intended for any prevention or therapeutic treatment of any disease.
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Crown Equity Holdings Inc. (OTCBB:CRWE), together with its digital network, currently provides electronic media services specializing in online publishing, which brings together targeted audiences and advertisers. Crown Equity Holdings Inc. announces that it has extended its CRWENEWSWIRE global platform web presence and is now publishing online news and information to the following countries: Argentina, Australia, Brazil, Canada, China, France, Germany, India, Ireland, Italy, Japan, Malaysia, Mexico, New Zealand, Russia, Singapore, South Africa, South Korea, Spain, Taiwan, United Arab Emirates and the United Kingdom, using their specific country code domain and native language.
Crown Equity Holdings Inc has also established over 1,100 city specific sites within the US, allowing Crown Equity Holdings Inc. to publish its news and information globally or geographically. While using Internet, you are able to send out many announcements to numerous consumers on time.
Since there is virtually no time lag from the time it takes to create information to sending the info available to users, the Web is an ideal medium to publicize announcements, ads and information. As more people uncover the virtues from the Web and get connected to the Internet, the Web can be the platform of choice for a lot of companies and website visitors to publicize that data.
Crown Equity Holdings Inc. offers internet media-driven advertising services, which covers and connects a range of marketing specialties, as well as search engine optimization for clients interested in online media awareness. Crown Equity Holdings' wholly owned subsidiary, Crown Tele Services Inc., has completed installing servers for its business, which is currently in the process of preparing to provide and offer its VoIP communication services to small, large and enterprise businesses.
Mostly buying this morning looks good ... we'll see how the day goes.
On the trading recap chart does anyone know what shares listed under "?" means?
Sounds great. I am looking forward to news too.
JONAH 2 Share Friday, February 18, 2011 2:23:23 PM
Re: FUNMAN818 post# 2010 Post # of 2011
have no idea but hopefully fairly soon --
should be favorable as good people working on it --
just doubled my position in the stock --
"Yes", I do see Rheingold making a difference.
I read financial reports, and management & board of director resumes everyday, not for pinks, for where my real money is invested. In every case, I constantly look for reasons to either shed or accumulate a company's stock. If the primary reason I originally bought the stock changes for the negative, I sell the stock outright. I am never wedded to a stock.
I wish management and the board of directors here were better; that's why I have posted several times the need to upgrade those areas. But the reason I bought DKAM was because of the reintroduction of Rheingold. The management was already here.
The roll-out took longer than I expected, but it wasn't because PK said it would be sooner. So now that the roll-out has begun, I am "in" until I decide to get "out", or accumulate more.
I will read the reports in March and June. I can make decisions AND change my mind on a daily basis, but right now, today, I think if the March revenue report comes in at $200,000, June should come in at $350,000 - $450,000. If they do, I will be very encouraged, and think I am looking at a pretty girl. At that point I think others will see the pretty girl too.
Some may think she's an ugly duckling.
Earlier this week SIRI's earnings report came out. The stock dipped 15¢. Some people read the report as bad, I accumulated more at the bottom of that dip (rare for me catching the bottom).
Some people thought the report was an ugly duckling, I thought it was terrific. Enough people did too; it bounced right back the next day.
The same thing happened at MGI; the report came out and people hated it. I loved it and added to my position. It's up about 25¢ or 10% in a few weeks. I have a great list of reasons why I bought it.
At DKAM the only reason I bought the stock was because of the re-introduction of Rheingold. So I will wait to see how the reports read here and decide what to do then. Right now, the reason why I bought is only happening right now. Sometimes I am wrong, but I have to wait now to see if I am right.
It's like a poker pot. If it's small and I haven't invested too much and I don't like my hand I can fold without making the final "call", but if I saw it all the way to the end and invested a lot and others have too but they folded before it was my turn and I am the last one, I have to "call" to see the other guy's hand. That's where I am. I have to see what happens.
In the mean time I have Rheingold chilling in my refrigerator and saved $20 yesterday buying it. I've saved more than $400 since September ... I still have a ways to go to get back to even, but at least I have that going for me
There's a lot more happening here now than at most "pinks". The Rheingold story is being written and I for one am ready to read it to the end.
Spartak Share Friday, February 18, 2011 12:50:31 PM
Re: FUNMAN818 post# 57082 Post # of 57083
And what will you do, what new analysis if next quarter and after that another next quarter will be like all of previous quarters - disappointment. When enough is enough for you? Or maybe you enjoy the process? Because I guarantee you Rheingold is not gonna save this rotten pie. At some point it will die out or will generate same miserable number in sales say 300K per q with net profit 10K, but overhead will remain unchanged with PK salary (300K annual) Lazzo and others (150K an.), son's salary (144K an.), interest expense (1-1.5M an.), audit fees (100K an.)... etc etc etc. Do you really see Rheingold making a difference?? Frankly, I don't.
Spartak, Not disclosed in any report are variable costs broken out to produce, sell and distribute Rheingold. When you find them, post them.
I am focused on Rheingold only, and that's all I care about. There is a breakeven point when Rheingold will contribute net income to the company. I believe it is a completely unreasonable assumption that the Rheingold business model did not include a product breakeven point.
By sub-contracting production and distribution, DKAM has the freedom to sell each case at a wholesale gross profit, less Rheingold's selling, marketing and advertising expenses.
If you are in the business of selling print materials but cannot afford to build-out a print shop, you sub-contract out the printing, and make the difference between your cost and your sales point. From that gross profit all other expenses must be paid.
Assuming salaries associated with Rheingold remain unchanged, DKAM's loss will narrow with every case of Rheingold it sells when it exceeds Rheingold's selling, marketing and advertising expenses.
That's why I care about the marketing plans to support retailers, their re-orders, the overall number of distributors who are responsible for "pushing" the product into retail stores, and thus Revenue.
The trend of increasing revenues and decreasing losses will encourage investors who have to then calculate how long it will take to turn a profit, and how much dilution they will have to bare to reach the company's breakeven point.
Long before that point, as revenues increase, DKAM will become a "Traders" delight because increasing revenues are like a pretty girl on a bar stool.
Spartak Share Friday, February 18, 2011 11:25:31 AM
Re: Spartak post# 57080 Post # of 57081
Let's say they have 100M O/S and can print 400M more. Obviously PK can't sell all 400M at 0.0045. So assuming he'll be selling on the go, based on needs the price will be declining proportionately to the amount of shares sold. If ~50M shares brought the stock down from 0.04 to 0.0045 then 400M will bring it down from 0.0045 to 0.0005. Heck even if PK misteriously would be able to deceive shareholders to buy all of his O/S at let's say 0.002 he'd be able to raise only 800K, not enough to cover last quarter's losses. Yet longs continue to analyse roll out of negative margin beer and continue to drink cool a... err rheingold :)
Obviously a few people agree with you this morning and no one disagrees.
10 out of 10 trades this a.m. were initiated as "buys".
I hope the product trials are going well. Do you have any idea when the next phase is supposed to be completed?
JONAH 2 Share Friday, February 18, 2011 10:28:22 AM
Re: FUNMAN818 post# 2008 Post # of 2009
will be rather quiet till next p r it seems --
still a good buy at this price
You'll learn soon enough ... 50 gets younger every day ... and we really do know how to have more FUN with our money.
You got riped off
12-Packs cost less than $8.50 here and less than $16 for a case.
First hand, I know the cost of radio flight time (I'm buying it now) and don't know how DKAM is going to get behind it, but I hope they surprise everyone and follow through with their plan to do so soon.
The only bad thing with the wide distribution net they've cast is they cannot buy broadcast media in every distributors' area; no way, not all at once. To support sales, they have to think of something for those areas.
The stock's share price will spike if they start a good radio campaign in NYC's greater metro area.
It will be very exciting.
Super news. Distribution and revenue rule. I hope Georgians drink more than I do ... and are buying a case of Rheingold at least once a week. I can't make this company profitable alone
All we need are 19,999 - 29,999 more mini-me's.
FUNMAN
cargo_hauler Share Thursday, February 17, 2011 8:43:54 PM
Re: FUNMAN818 post# 57063 Post # of 57064
Did you see all the places Rheingold is sold in Georgia???
http://www.rheingoldbrewingcompany.com/where_buy.html
http://www.rheingoldbrewingcompany.com/Rheingold_Acct_List_-_Georgia.pdf
This is very positive.
More than 65% of today's trades were initiated as buys.
http://ih.advfn.com/p.php?pid=trades&symbol=MRVC
How's this for encouraging ... Every trade today but one was a buy order.
http://ih.advfn.com/p.php?pid=trades&symbol=CUGI
It's encouraging to see about 75% of the shares traded were buys Vs sells.
http://ih.advfn.com/p.php?pid=trades&symbol=NVLT
I'm glad I am not alone ... I thought I was a dinosaur and just didn't understand "new lingo".
griff100 Share Thursday, February 17, 2011 1:23:23 PM
Re: Spartak post# 57060 Post # of 57062
Not me..I've never understood a word he's said....
What you say about Frost is too bad. I originally bought the stock BECAUSE of him. Now it sounds like I should sell it all for the same reason.
He loans the company money, and buys stock on the open market to maintain the price. It seems like he personally has put in a bottom to the share price, and treats THIS business like a hobby. Is that the impression you get?
BCInvestor Share Thursday, February 17, 2011 9:50:54 AM
Re: FUNMAN818 post# 86 Post # of 87
I really never understood why ROX can't move upwards. It has all the components, just not the spark required I guess. I do not believe they have a good IR team, but their admin staff seems sufficient.
The new "growth team" you refer to is only growing in girth in my opinion. They have achieved nothing that I am aware of. In fact, ROX got rid of one bourbon recently, which does not make sense if you are trying to grow a portfolio.
There are many existing brands for sale out there that would make sense to buy, but I don't hear about them shopping for anything.
Frost tightly controls the stock, so perhaps he does not want it higher?
Can you give more details about what's happening at the Broome Street Bar? What is the promotion you are talking about? What exactly is going on? Are posters and signage on hand? Please try to specifically describe what's happening.
Is this the place you are talking about?
Broome Street Bar
363 West Broadway, New York, NY 10013
212-925-2086
Profile
An unassuming no-frills joint in the heart of SoHo (where you’d least expect it) that’s been there since before SoHo was “SoHo”, complete with dark wood and tabletops that show the years this place has seen. The charm is in the wear of the bartop and tables and the simple American food and beers on tap. It’s a local hangout sans attitude in a neighborhood full of attitude, and stands out from the swanky establishments so common on West Broadway. Come for brunch or a satisfying burger and a beer. — Asheley Victoria
Johnnymangoes Share Thursday, February 17, 2011 1:09:46 AM
Re: None Post # of 57051
Rheingold promo @ Broome St NYC..HUGE SUCCESS!!!!...$$$$$$$$...NYC best city in the world!!!!...
Terriffic news. I like the "gorilla marketing" too. I just wish it was easier to find (see the info below).
I wonder what the deal is in MI ... why so many and only handfuls elsewhere. The number explains the $50,000 shipped there. I guess with all the snow the residents had nothing better to do than drink beer
At first I was concerned because none had web addresses listed with them but I looked up a few and was satisfied. DKAM should add the web addresses to make DD easier.
I'm glad to see the web site is updated. I am also glad to see the YouTube production videos on the web site under PROMO that I mentioned this a.m.. They belong on the site. They need to re-title the heading to something like, "View Production".
I was also glad to see the gorilla marketing, but again, they need to change the heading to something like "FREE T-Shirts" to drive people to the page. To get the publicity they should print the offer on the packaging, or put a sticker on the packaging so every buyer sees it.
"Show your Rheingold Pride by taking a picture of you or your friends with a Rheingold Beer at your favorite store, bar, backyard or where ever you are and send it to us so we can add it to our Fan Page.
A free Rheingold T-Shirt will be sent to the first 50 submissions.*
Send Pics to:
info@rheingoldbrewingcompany.com
cargo_hauler Share Wednesday, February 16, 2011 6:02:02 PM
Re: None Post # of 57044
Distributor list is really growing, wow, look at Michigan...
http://www.rheingoldbrewingcompany.com/where_buy.html
Hey BCInvestor, I didn't realize you were here too.
Frost is pretty special, but his efforts and focus seem to be elsewhere. For example, OPK is doing quite well recently. It seems more up his "professional alley". Can you shed light on why he is behind ROX?
Regarding "brand expansion", ROX Mgmt gave away a sweet deal when they bought Betts & Scholl, and those guys were supposed to spearhead wine business expansion. Was anything discused regarding that?
Did Donna tell you they are trying to reposition the company in specific ways? Did they tell you what they are doing right, and what needs improvement?
The financials showed a nice revenue increase, for the first time in a while, but did you get an indication why expenses rose to wipe away the bottom line gains?
Coincidentally, I sold a 1/3 of my position on the disappointing news yesterday. I'm looking for reasons to buy back in.
FUNMAN
BCInvestor Share Monday, January 31, 2011 9:48:36 AM
Re: None Post # of 85
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.
Good points. I wasn't around to watch the Trump Vodka thing first hand, but also know the declining economy messed badly with a company totally unprepared to deal with it.
They blew their chance then ... they have another now, and thankfully I have not been invested since Trump Vodka's roll-out.
I am in this to watch what else DKAM brings to the table in regards to growing the brand and fixing some of the problems you mentioned and others we have all discused before.
If they turn around the ship then some of us stand to make a lot of money. If they don't I'll take my loss, lick my wound and move on. No big deal.
I'll re-evaluate on every piece of negative and positive news/report, and believe my eyes.
If they ever kick off over-the-airways advertising, I would be shocked not to see the share price spike.
If they ever find the money to do that and compete/market, on a higher level with the established players, I really have no idea what that will lead to, including brand new private equity investors who are today becoming flush with cash from the stock market that's soared since 2008. That's also where new board of directors can come from.
So I do hope PK will see his own self serving prospects and that they are directly tied to increasing shareholder value. No doubt, I am gambling here.
kezzek Share Wednesday, February 16, 2011 10:50:58 AM
Re: FUNMAN818 post# 57019 Post # of 57020
What I think you're missing is that stopping dilution means closing the business. They are highly negative in cash flow and liabilities.
That required dilution means likely a continuing falling share price.
It appears that Rheingold in the first quarter had a negative gross margin. Even if increasing sales fixes that, gross profits have to be shared with the brewery, distributors (and with increasing outlets and constrained production, they will need more compensation) and retailers.
Then there are overhead expenses, which seem unlikely to decrease in the face of more distribution, launch events, marketing and other costs associated with getting the various brands, particularly Rheingold, into the public consciousness.
I have to vehemently disagree that DKAM "never had this chance". They had more than this chance when they rolled out Trump Vodka, not only with strong early sales, but heavy outside investments and a strong balance sheet. Letting expenses run away then was a catastrophic mistake, IMHO, and caused most of the subsequent problems. Personally, I don't see any way for them to recover at this point.
GLTA.
I don't disagree entirely ... what I am hoping for is that the captains of this ship realize they have a self serving interest to stop the dilution, peg their pay to performance, and let the share price rise.
No one has more shares than they do, and no one stands to gain more from a rising share price than they do. I am counting on them being greedy and smart enough to realize how to maximize it.
For the captains it is a chicken and egg thing. Do they grab cash forever through dilution, or make the company profitable and drive up the share price making themselves even richer?
Controlling 45,000,000 shares at $1 is way more money than selling 750,000,000 shares at .005
In previous posts I have also written about the need for DKAM to bring in members of a new Board Of Directors who have run other companies and sat on the boards of other companies. Bring in three of those people and this ship will set sail around the world.
DKAM is in a great spot right now. They have an opportunity to do something better than they have ever done before. They've never had this chance. I am betting they have a chance to win.
BuyonChance Share Wednesday, February 16, 2011 10:05:27 AM
Re: FUNMAN818 post# 56986 Post # of 57018
funman,
That all sounds great... but lets put your numbers to work. Rheingold grosses $250k for 4 consecutive quarters, but the "cost of sales" for it are inflated and will most likely eat up $700k over that period. How much is the annual salary of PK again...? $641k or something close? That makes it awfully hard to pay back that overhead debt that's still accruing interest. So how do you pay it down?, you ask. A stock offering of course!
My point isnt that Rheingold wont be at least a limited success. My point is that there are only about 3-6 people that will stand to profit from it's success. The captain undoubtedly will sacrifice the ship and crew to find the treasure in this case. And we gentlemen.... are not the captains.
agreed
cargo_hauler Share Wednesday, February 16, 2011 9:43:20 AM
Re: FUNMAN818 post# 57013 Post # of 57017
Roll out the product and promote it! That will make DKAM a winner!