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Liquor Group Begins Phase 2 of Aggressive Expansion Plans
November 2, 2010 – Jacksonville, FL – Liquor Group Wholesale (Publicly Traded: LIQR) announced to shareholders today that its exclusive distribution partner Liquor Group Florida has begun their relocation into a sprawling Brewery facility with climate controlled warehouses, encompassing approximately 7-Acre / 235,000sf. This new facility is more than ten-times larger than the current facilities of the company, giving room for operational growth, product portfolio development and overall expansion.
“Phase 1 of our plan was purchasing additional distribution operations throughout the US, which has already resulted in the acquisition of several alcohol distribution/brokerage companies, with many more on the horizon. This phase added millions of dollars worth of assets to the organization increasing value for our shareholders.” says C. J. Eiras, CEO of LIQR and MGMR of Liquor Group Florida, LLC.
“Phase 2 of our plan is to expand state-level operational presence, growing market share and developing additional customers in these territories; which increases gross revenues for LIQR and allows economies of scale to push profits to the bottom line.” This phase requires more warehouse space at the state-level to accommodate the growth of product lines and larger orders of goods to meet market demands.
“Phase 3, use your imagination…”
Liquor Group began its operations in 2001 from a one-car home garage; it now operates in 33 US States, 12 foreign countries, wholesales goods to the US Military Worldwide, imports various products from around the world, and LIQR has less than $80K in overall debt.
That is not a miss-print, $80K in debt not $80M.
Liquor Group’s successful innovative approach to the liquor and wine distribution industry has been a key element in its organic growth and has proven to be a key component in the development of many mid-sized, small and emerging alcohol brands. Liquor Group’s corporate model and culture now finds success with larger, better known brands creating the opportunity for expansion into additional states and markets. Liquor Group’s ideology and business model offer brands versatility, bandwidth and flexibility needed to flourish in this multi-hundred billion dollar market.
LIQR has several institutional shareholders playing a role in the development of this multi-phase strategy, as the company continues on the same rapid acquisition trend of Berkshire Hathaway (NYSE: BRK/A) who in early 2010 also began acquiring US alcohol distribution companies.
More info to come...
I guess DKAM has enough money to print 50 shirts!
WOW what a great marketing campaign!!!
The $150's were the top of the market and only a small amount traded. LIQR should be trading above $5 and below $9 IMHO.
My prediction for spring of 2011...revised.
1) DKAM debt free. Zero, Notta nothing owed. -Because they will bankrupt and seek protection from the courts.
2) Win of the LIQR lawsuit - Not. They will loose then file immediate bankruptcy.
3) Dkam shows a 3 cent profit per share in March of 2011. - After a 10,000:1 reverse split.
4) DKAM is debt free. Notta, no owed debt. - Again because of pending bankruptcy.
5) DKAM launches 2 new beverages. - Both fail miserably just like all other DKAM products have done.
6) DKAM has a net cash flow of minimum $600,000 in quarter. - From dilution of shareholders.
7) DKAM pps market value is $1.60 pps after...10,000:1 reverse split.
8) Rheingold is on tap and selling very well...in PK's basement.
9) Company has real cash available from simple bank financing for 2 new launches.-If you define real money as $20.00 and a magic marker sign that says will work for beer.
10) Company wholesale market value from product ownership and rights is valued at 35 million...Pesos, because by then PK will have to flee to Mexico to keep shareholders from taking him out.
It's a no brainer, the pps is extremely oversold and after the conversion the price will increase to $1.60...post 10,000:1 reverse split.
Get the facts of this company, they are on a new model and the noise is on a different agenda. Period. Bankruptcy is a good agenda, love to see the spin on that from PK.
One more bombshell to post...
Happy Halloween!
Trick or Treat?
DKAM is the Trick, LIQR is the Treat!
Oct 27th
Empire Distributors and McLane Enter Agreement to Acquire Horizon Wine and Sprits (Official Release)
Source: McLane Company
Empire Distributors, Inc. and McLane Company, Inc. have entered into an agreement to acquire Horizon Wine and Spirits, Inc., a beverage distributor based in Nashville and Chattanooga, Tennessee. This acquisition, which is subject to customary closing conditions, is McLane's second since entering the regulated beverages distribution industry in April 2010, when it purchased Empire. "McLane and Empire are very excited about our agreement to acquire Horizon and enter the Tennessee market," said David Kahn, President of Atlanta-based Empire. "Tommy Bernard has built one of the finest and most highly respected companies in our industry, and we look forward to providing Tommy our full support and resources to continue Horizon's leadership in the market and to position ourselves for further growth in Tennessee and beyond."
About McLane: McLane is a $30 billion supply chain services leader, providing grocery and foodservice supply chain solutions for thousands of convenience stores, mass merchants, drug stores and military locations, as well as thousands of chain restaurants throughout the United States. With 38 modern distribution centers and one of the nation's largest private fleets, the company optimizes the purchase, flow and sale of products from thousands of suppliers to over 54,000 locations. Every year, McLane delivers over 10 billion pounds of merchandise to satisfied customers in every state and county in the U.S. The company also provides logistics services in Brazil and exports to over 25 countries around the world. McLane is a wholly owned unit of Berkshire Hathaway Inc. and employs 15,000 teammates globally. For more information, please visit www.mclaneco.com.
About Empire Distributors: Empire was founded in Atlanta, GA in 1940 by Max Kahn as a small family owned local distributor of spirits and wine. The company grew to service the state of Georgia and entered the North Carolina market thru acquisition in the 1980s. Empire is led by the third generation of Kahn family and is a leader in distribution of spirits, wine, beer and non-alcoholics in the markets they serve. Empire employs 800 people and distributes over 10,000 skus to more than 8,000 accounts. The company is a wholly owned subsidiary of McLane Company. For more information please visit www.empiredist.com.
Totally false information. Show us the email please...
Birkshire doing what LIQR has already mastered.
Oct 26th
Buffett Strikes Deal with Horizon Wine & Spirits
Source: Wine & Spirits Daily
WSD has learned that Warren Buffett's McLane Company (parent company is Berkshire Hathaway) has entered into an agreement to acquire Horizon Wine and Spirits in Tennessee, according to sources that asked to remain anonymous. It has operations in Nashville and Chattanooga, and is led by president and ceo Tommy Bernard. Sources tell us that Bill Anderson's First Beverage Group advised Horizon on the deal.
Calls and emails to Horizon were not immediately returned, but we understand that Horizon is in the process of notifying suppliers today.
We have written about McLane a lot over the past week upon learning that the company has applied for a license in three states: Virginia, Florida and Washington. Sources have told us that McLane has applied for a license in every state where it has a warehouse, but we have not yet been able to confirm that.
So this makes Horizon the second company Buffett's McLane has acquired and the third state it has entered since March. Recall Buffett made history when he acquired Kahn Ventures, parent company of Empire Distributors in Georgia and North Carolina, in March.
So what is Buffett's long term goal? It seems plausible that he would like to set up a network of wine and spirits distributors across the country, and compete with the big boys. Right now he is in the southeast with Tennessee, Georgia and North Carolina, and we know he has a temporary distributor license in Florida. We have not been able to confirm if he has a license in South Carolina and Alabama, which are the other surrounding states. Are other southeast states next? And is he looking to expand nationwide?
We will attempt to answer these questions as the story develops...
Oct 25th
McLane Beverage Distribution also has a license in Washington state
Source: Fredericksburg.com
By Bill Freehling
McLane Beverage Distribution Inc. also has obtained a license in Washington state, I discovered this weekend. I did a liquor license search for the entity of Texas-based McLane Co. for all of the states in which the trucking company has a grocery distribution center.
In addition to obtaining or applying for licenses to distribute alcohol in Virginia and Florida (which I reported last week), McLane Beverage Distribution Inc. has a license in Washington that it obtained this past November. I haven't yet searched any of the states in which McLane doesn't have a grocery distribution center, and can't guarantee I didn't miss one in which the company does have a center (the public liquor license search functions in all these states are at varying levels of user-friendliness).
McLane Co. general counsel Len Mewhinney told me the company was just obtaining these licenses so it would be poised to get into this business should an opportunity arise.
Oct 21st
McLane Beverage Distribution Inc. has applied to the Virginia Department of Alcoholic Beverage Control for a license to import and wholesale wine in Virginia. The address listed on the application is that of McLane Mid-Atlantic, one of the area's biggest employers. From its Stafford County distribution center, McLane Mid-Atlantic distributes goods to grocers in Virginia, Maryland, Delaware, West Virginia, Pennsylvania, New Jersey and Washington, D.C.
I have no idea about the significance of this application, if any. I've placed calls to local and corporate officials with McLane and hope to know more soon about its plans. But here's what I do know, which to me makes the application interesting:
1. McLane Co. is a subsidiary of Warren Buffett's Berkshire Hathaway, which announced in March that McLane was acquiring Kahn Ventures Inc., a wholesale distributor of distilled spirits, wine and beer in Georgia and North Carolina. Buffett said at the time that the acquisition was an opportunity to "innovate, grow and lead the beverage industry." Buffett said the acquisition will "provide us with a solid platform for potentially acquiring other similar high quality wholesale distributors."
2. Virginia Gov. Bob McDonnell has proposed to privatize the state's liquor stores. If it passes (which is far from a sure thing), that could mean spirits would be sold in grocery stores alongside wine and beer.
3. The Fredericksburg-area alcohol distribution landscape has changed a lot over the past month. Freeman Beverage and Fredericksburg Distributing Co. have ceased to exist, and new businesses have entered the market.
Mexcor just lost 80% of it's distribution product portfolio in FL to LIQR. Great for LIQR, bad for Mexcor.
I guess Mexcor still has Trump Vodka and OWR to sell in FL, if those brands still exist. Not sure if Olifant is in FL or not.
Govt websites updated today.
Boom.
Mexicor just lost 80% of it's distribution product portfolio in FL to LIQR. I guess they still have Trump Vodka and OWR to sell in FL, if those brands still exist. Not sure if Olifant is in FL or not.
And FYI, Oregon and Washington still showing no movement on Olifant.
Govt websites updated today.
Boom.
One more to bombshell go...
Love that phrase!
Gary Gnews!
Could be...
Still nothing on the conversion...nice work Mel & Darren!
Yes, I asked about that and they said that unless you buy 500 at a crack, they cannot assure your order will be filled.
DKAM (Drinks Americas Holdings) in conjunction with Maximillion Holdings only owns 25% of OWR based on the filings, and they only have an agreement to market Trump, and they are only the facilitator for Damiana (used to be the importer but now that is handled by Mexcor), and only the importer for Cohete (which is not even being imported anymore). Olifant is their last vestige in the alcohol arena, and that stuff sells about as fast as a snail on a hot sidewalk.
Not sure what they would sell to anyone other than Olifant and Reingold, and not sure why Mexcor would pay them anything, since the deal is not working out. (So I HEAR...)
Here are some of the players from My DD:
Mark Rothbaum And Associates Inc
36 Mill Plain Rd Ste 406, Danbury, CT 06811-5114
Contact Phone: (203) 792-2400
212-836-3248
The Trump Organization
725 Fifth Avenue
New York, NY 10022
PH: 212-832-2000
FX: 212-935-0141
Old Whiskey River Distilling Company, LLC
3624 South Kihei Road, Kihei, Hawaii 96753
Contract with Maximillion, Drinks
SHEP E. GORDON (808) 891-0022
All my humble opinion, do you own F*%K#$G DD!
If you put in a buy order, even at the ask, it says:
Unable to complete your request due to price differential. Please contact customer support at 1-800....
Bid must come closer to ask for the stock to trade at all.
I'll give you a hint, the next one has to do with Mexcor...
Start up? More like a shut down. DKAM has been in business long enough to either make it or move on. Right now PK and his son are eating everyone's lunch in this deal because they are paid more than the company earns!
Can't seem to get back up to the $30's...
I know a potential buyer for that shell...
I have no problem with that. I was not the one that brought it to this board, I was discussing the people contacting me about litigation against FPRD / DNAB and was attacked for it.
You are correct, it has been three months and there is still no clear picture as to what will happen with FPRD.
Look again at the filings, you will see that Mel and Darren never made a loan to LIQR, they don't need Mel & Darren's pennies.
They made a loan to North American Food & Beverage (NAFB), a company that Mel & Darren controlled, long before they controlled DNAB. They loaned the money in the early part of the 2000's.
LIQR took over NAFB in 2007, and the "loan" was never disclosed to them until after they took it off of Mel & Darren's hands, and thus LIQR has had to pay Mel and Darren back for money they loaned NAFB.
So now that you have all of the info, you tell me who is getting screwed here?
I assure you that the same thing is happening with DNAB and the new DNA company. Mel & Darren will "loan" the company money so that the company can "pay" them the salaries that they "deserve" then they will hold the shareholders accountable for collecting the tab.
Mel & Darren did the same thing with East Coast Beverage, and some Olive Oil company. They have never run a successful business, just run a good scam, make a bunch of promises then fail to deliver and collect from the shareholders.
Watch and see, or just look at those companies and do your own DD.
I take it you purchased some shares today so now you are pumping?
I hope so. I like this brand Bong, but I want to see them do more deals to buy more brands. One product is not enough.
Cargo will have to learn that hauling a boat load of DKAM stock is only going to cause his bank account to suffer!
A newbie with all the answers, everyone else here is a fool for not seeing the true value of DKAM and this R/S! I love it!!!
That is comical. DNAB screws up a few months ago, I point out that there are shareholders who are interested in suing the company for their miss-management and some how I have been "touting" this for a while.
Good luck with that theory. LITIGATION IS IMMINENT. IMHO.
Little by little...
BIG VOLUME TODAY...
57.12 x 67.58. That is a big spread!
WHAT A SHAME!
Good one!
I guess you are in bed with Mel and Darren so tightly that you can't see the forest through the trees...
You have touted them as excellent operators and top notch businessmen for many months here on this board but they could not even get a simple OTC stock ticker issue taken care of for several months.
Guess that shows how well you know them...
I SMELL LITIGATION!!!
$30.25 BID!
Nice volume filling today...
PK's salary is higher than many CEO's who run successful and profitable companies.
Since it is used frequently here, take the CEO of LIQR for example:
2007-2008 - $250K and refused 100% of it, did not charge it back to the company because it was a brand new venture and was only making a few hundred thousand in net profit for the year. His top 2 Executives followed his lead and did the same.
2008-2009 - $250K which he placed into long term debt at 2% interest. CEO felt that the company, although profitable by $900K NET, was not yet stable nor profitable enough to support a CEO salary. Top 2 Executives took partial salary.
2009-2010 - $250K and finally CEO and VP's began collecting, with the company making a $2.2M NET PROFIT.
Now look at PK:
2007-2008 - PK and his son take $300+K & $100+K and the company looses money and gets into lawsuits upon lawsuits.
2008-2009 - PK and his son take the same $300+K & $100+K and the company looses more money and gets into more lawsuits.
2009-2010 - PK and his son continue to pillage the company even when it makes less money in total revenues than PK's son's salary.
Anybody see a difference in management style here?