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What were you right about? There was no reverse split. PK didn't wipe out common shareholders like what happened at LIQR. LIQR/DKAM suit isn't resolved yet. I must have missed out on the post when you were right about something.
Is there another bombshell you are keeping secret?
Well...now we know.
They would have to sell their shares to recieve money. My point is simply....why give themselves more convertibles if the common is going to be worthless? And who will approve the reverse split? Common shareholders?
If that happens, the share price would need to reach $66.70 to convert, and they would need to find buyers for $634 million worth of common stock.
I also find it hard to believe that PK got $1000 worth of preferred for every dollar owed to him, or that the directors recieved $59 million worth of preferred. It would never become convertible or liquid. I expect to find out that the typo in question is in the original filing for the preferred.
Instead of..."Each share of Series C Preferred Stock will be convertible into the number of share of the Common Stock equal to the Stated Value of $1,000"
It should read..."Each share of Series C Preferred Stock will be convertible into the number of share of the Common Stock equal to the Stated Value of $1"
So...you must have an opinion...
...of Pabst or Schlitz as well?...
...Both coming from WWII era...
...in a city which is in steady decline...
...Went from $0 sales...
...to....? Any idea?............
And, to boot...New York is more than 10x larger than the above mentioned city. I think Rheingold may be in a sweet spot. It either goes big or doesn't go at all. My opinion...
I overlooked that earlier. It's a little disappointing, I guess. I thought they handled much more territory here. Still better than nothing I suppose.
Wow. I didn't know that everyone is required to reply to every post and discuss only what the majority of other posters are discussing at any given time.
I replied to your original post. The PR. I thought it was a great PR. And, you didn't. That was very clear. So what if a sell order comes in after a PR...or before it....or the next day. It is not fact that it came from DKAM. I don't have to agree with you. Or ANYONE HERE for that matter.
You are becoming increasingly transparent.
You must be extremely arrogant to think this message board is only to discuss what you want. If you want to discredit a positive PR, and have everyone agree with you...you are in the wrong place!
Oh! I didn't know this discussion was about the half million shares sold after the PR. That's a BIG DEAL!
We shouldn't let ourselves get distracted with positive business developments...that's just fluff, right?
This is the best PR I have seen in a long time. Being from WI, it was never easy to find OWR or Trump. It was never distributed properly here. When Trump first came out, the only way to find it was to special order. Same with OWR. Then it disappeared entirely in 08(from Wisconsin store shelves). Now it is being distributed by Phillips, which sells to every bar and liquor store in the state! Every bar in wisconsin has multiple Bacardi flavors and UV vodka flavors(even the small taverns). Not to mention Phillips also distributes Jim Beam brands. This is no slouch distributor.
Also, the fact that Trump won't be available til next month tells me that the last order of however many containers is already on shelves across the country, and they needed to make more.
Good luck longs!
That's not deceptive at all. DKAM is an OWNER, DEVELOPER, and MARKETER of beverages. As an investor, I couldn't care less if the PR's mention who ponied up the money to distill the vodka, or whiskey, or who made the bottles or stored it in a warehouse.
I care about what makes the bottom line on DKAM's books, not MEXCOR's.
Who's getting Olifant and OWR into new retail shops? The salesmen at MEXCOR? Where did they come from? Who is part of this Joint Venture? Should that be mentioned in every PR?
I've been around DKAM as long as you kez. I owned it from $1 all the way through the spike and sold with some gains. I know exactly what happened with the SP. After the price came down a bit, I came back in 08 for the sparkling vodka....which obviously didn't happen. Had they launched it, my sales projections may very well have been met. When it was apparent that they weren't launching it any time soon, I had to re-evaluate. Instead of coming here to post all the horrible decisions by management, I laid low and did some researching and averaged down to a comfortable position for the new business plan. What did you do?
For you to defend PKG's statement that we're headed to 500m o/s...or any of the other fear-mongering that goes on here...only proves to me your nearly worthless information is exactly what you intend it to be....
Wow. You sure post a lot for someone who said they were done with DKAM....gone forever....that was only a few weeks ago.
We are headed for 500m O/S? If I were to drive from Milwaukee to Seattle...does that mean I'm headed for China? Get real.
And the share price hit $3.60 ONCE. ON ONE ORDER. DURING A CLEARLY OVER-EXUBERANT SPIKE. If you ignore the spike...real high-side valuations came in the mid $1's. There was only a million shares traded over $2 in the company's entire history.
You tell people to "mind the facts" but you spread fluffy exaggerations yourself. You are no better than the people claimed by you to be untruthful.
I'm hesitant to agree on that. Kid Rock and MBC were supposedly creating hundreds of jobs for millions of dollars in tax breaks. Where is this expansion? DKAM was just assisting the launch, right? If MBC isn't expanding to produce the quantities of BAB that were supposedly demanded...then why go straight to blaming DKAM?
I understand the track record regarding available funds for producing anything...but I was under the impression the production was on MBC's back, not DKAM, while Kid spreads the word, and DKAM owned distribution rights only.
Jack and coke is probably the most popular drink among the 30yr. old fan base. The younger fans.....probably vodka and red bull.
I've had OWR and coke, and I prefer it to Jack anyday.
Korn and Rob Zombie have a HUGE following among the 25-35 crowd. Mostly metal/hard rock fans, but they are the type to stick with brands that promote their favorite bands.
Great exposure, IMO.
I completely agree with your statements about Rheingold. Being from Milwaukee, I have seen Pabst fade away only to come back with a FURY and outsell every value beer on the market. What is interesting is that the owner of Pabst is a holding company that contracts through Miller here in Milwaukee and uses Miller's giant distribution network, and just collects a royalty. Pabst went from being worthless to being worth tens of millions of dollars. Pabst Brewing is currently trying to be sold for $300 million. The brands included in their portfolio are very few, and are all "value" brands.
I would think that mgmt. would strike a very similar deal with multiple breweries to handle their own territories, pay for production and use their distribution networks...and we see only royalties. At least, that seems the most logical thing to do.
Question is why or what isn't working with MBC? If we were required to pay for production, then why didn't we log total sales revenues? $15,000 is about 150 kegs. From what was said about the summer rollout, we sold about 10 times that. I have to think we only got a royalty...which means that somebody else paid for production...and then didn't sell much after the summer?
I'm just brainstorming...so if anybody has input, please add to this.
I'm anxiously awaiting a new plan for BAB!
It's possible that we only ever recieved royalties for BAB. That would make sense with the fact that we only booked $15,000 of BAB "sales" during the summer Q. Also, it would be in line with new DKAM business plan. Others produce and distribute to retail outlets while we are "Master Distributor" with the rights to it all. So we just get a nice royalty for everything.
I had to edit this.
I remember that conversation. Started with #38197
I just visited the Lion Brewery website. It showed they do sell 24 oz. amber glass bottles for contract brewing. They also do 22 oz. I guess that solves that.
I have seen 24 oz. cans before...but never bottles. The big bottles would be 22 oz. I believe. It would be great to see cans, bottles, and kegs!
I couldn't get it on google either. It comes up on top when using Bing or Yahoo, though.
I do believe BAB will be back. However, I can't help but wonder what happened with the HUGE tax incentives that were handed out to MBC to expand and produce the beer on a large scale in MI. Was that just an exposure piece in the local news to help BAB launch in MI? Were there actually plans to expand MBC by hundreds of employees and millions of dollars? Or did MBC fall flat on there end of it? Was it MBC trying to get exposure? Or Kid? DKAM? I would love to know the answers to some of these Q's.
I am anxiously waiting for some more good news!
If great news comes out on a stock, any stock, and is perceived to be positive with VERY HIGH volume...but isn't putting cash on the bottom line for some time...the MM's always work the market for days/weeks after the news. It isn't some secret that traders like to get in and out with a quick profit, and that MM's like having volume(that's what makes them money). If I was a making a market in DKAM, and saw the flood of new retail players coming in hoping for the run to continue, I would start shorting to stop the run(knowing that the new deal isn't starting until some time later)and let the traders feed me cheap shares as the chart starts retracing. Then start another run and unload the recently acquired shares at a higher price. And up and down and up and down it goes...until volume dries up.
I'm not suggesting that people aren't selling. In fact, that's precisely why the SP drops! But, if you look at the volume and where all the buying happened....the MM's sure took it down below that quick on almost no volume, and then sell orders started coming through. It was not a bad CC. I don't believe for a second that everyone was scrambling to sell during it. About 1m shares took the price down 25%. Not retail, IMO.
I'm holding too. You never know when the MM's are going to move the SP higher. However, the Mexcor deal won't start showing to the bottom line for a couple/few months yet, so I expect a couple more bits of good news before then. Some may see this as dead money for a couple months, and leave. Others see this as accumulation time and keep supporting the bid(as we have seen the last couple days). There is HUGE support in the .01-.02 range.
Personally, I think the MM's are moving this back toward bottom to take the traders shares. Traders want the quick buck, they won't sit and hold for months while other stocks are moving. You can already see some new investors here are irritated with the SP. But, I can only imagine that once profitability is on the horizon, the SP is never going to see .01 again. We just need to be patient.
I believe he was simply hinting at the possible reason why a certain someone has not successfully connected with the CEO.
This is what we were waiting for, I guess.
http://biz.yahoo.com/e/091221/dkam.ob10-q.html
"On October 20, 2009, we reached agreements with our Chief Executive Officer and members of our Board of Directors to satisfy obligations owed to them, in the aggregate amount of $1,002,450 for salary, director fees, consulting fees, and satisfaction of a portion of an outstanding loan and the interest accrued thereon, by issuing to them 1,763,607 shares of our common stock and warrants to acquire 9,838,793 shares of our common stock. Under this arrangement, the valuation of the common stock and the exercise price of the warrants was $.15 a share, which is a 250 percent premium to the current market price of our shares. Fifty percent of the warrants can be exercised at anytime during the ten year term and the other 50 percent will only be exercisable at such time as the Company has achieved positive EBITDA for two successive quarters. If this profitably standard is not realized during the term of the warrants, 50 percent of the warrants will be forfeited."
Now what was that you were saying?
I have seen you post this many times.
"those sales need to be divided into 3"
Where did you come up with that?? Drinks is the sole distributor of Badass beer. That means that all Badass beer sold from Kid Rock and MBC(Owner and Producer) is bought by Drinks, and then sold for a profit to state licensed distributors, then sold to liquor stores, grocery stores, etc.
Everybody in the line gets a cut. Kid and MBC make the initial profit from MAKING the beer. Then Drinks gets every dollar purchased from state-licensed distributors logged as revenue. And I'm guessing we take no less than a 20% margin.
It may even be as high as Sneaky has posted before...28%. We would be profitable with $20 million in Badass beer sales. There is no dividing going on here.
The rise in PPS is inevitable...just taking more time than most wanted to believe. The day will come when you have nothing else to harp about. Good luck to you.
Is it possible the new label is for a 24oz. tallboy can?...also called a "master cylinder".
It would probably sell pretty well in Detroit. Thoughts?
Great Find!
I am watching HLN right now in the hotel lobby, and a reporter just came on with a story about Kid Rock helping the struggling Detroit economy. They mentioned Badass Beer and showed it being poured in local bars, and outdoors at some event(probably one of his concerts). They mentioned the economic impact that it will have, and that it will create about 400 jobs.
It is only a matter of time before people learn the DKAM connection to Badass Beer. This is going to be very exciting...
I hope you longs are holding through these pricing games. Don't give in!
IMO
If I remember correctly, we don't have distribution rights for Olifant in Europe.
I still own it too. I lightened my position over the course of the run up, but still have quite a bit. It started out as a speculative play for me years ago, but as time went on the company got their act together, and I was lucky enough to buy very cheap shares. Now they have so much cash and very little risk. At $2.50 though... I admit it was still an over-valued spec. stock and I should have lightened even more than I did. I now hold it as a hedge against the downside. As I look back a year, I'm not hugely disappointed with where its at relative to the markets, and especially compared to where we started.
DKAM, on the other hand, has taken that spot as my spec. play. All this company needs is time, and I believe they will turn multiple products into HUGE cash machines. So, to answer your question, I will have sold some of my DKAM if/when its hits $2.70 no doubt....but I will always re-align my expectations for the future and act accordingly.
Best of luck
Hi Lee. If I remember correctly, you held INSM as I did, in the .40's when good things were happening...and then through the .30's when more good things were developing. The positive PR's would pop the share price for a day or two, and then right back down to all time lows. It was unnerving and extremely frustrating. We both know what happened after that...
More people are introduced to this company every day. Soon the ask will dry up, and the T/A will support upward movement. And with some big slaes numbers coming...it's just a matter of time before we get the BIG PR.
This trading action lately is clearly a result of the positive things going on with DKAM. If the seller had a brain they would be raising the ask for the big buyers coming on board lately. Instead, every time a large buy comes in, the bid and ask are both lowered to scare people out of shares and sell into the bid. They are trading programs. No reason for them to be here if this stock was headed into bankruptcy. No reason for them to be here if this stock has no interest from big money. There are people trying to work the shares out of our hands. Hold tight everyone, and don't feed the trolls here. They just want you to reply to them and bury good posts under a heap of garbage...
To clarify for you caution....
Profit margin= earnings/revenues
Not operating margin...
We have 7-10 million/year in SG&A expenses. Since we have little overhead in terms of marketing(the icons bring that to the table), I don't think 20% profit margin is very high. And with that, we could see positive earnings with 50mil/year in sales. I see that happening next year. And with 200mil OS(which is a high guesstimate in my book).....that equates to about $1.50/sh. I'll wait a year for a 600% gain or more...
Nice attempt at bringing down expectations though.....once again...