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Yep. They put this out early in the morning and did not trade a single share all day. Sounds like a HUGE move. TO DA MOON! - Not.
$19.20 - Nice!
A press release went out today at 5:30AM to tout the new PR firm hired by FPRD (the company that supposedly took over DNAB).
No shares sold all day.
I guess that was a flop.
A press release went out today at 5:30AM to tout the new PR firm hired by FPRD. No shares sold all day.
I guess that was a flop.
QUOTE OF THE DAY:
“We look forward to finalizing this ongoing litigation against Drinks Americas. During the time since we initiated this litigation against Drinks Americas we have seen their share price drop more than 99% and their issued and outstanding common shares outstanding increase by approximately 60% before the 15:1 reverse split that will go into effect shortly on their common shares, so we hope to complete this action before there is nothing left for us to go after or collect upon.”
QUOTE OF THE DAY:
“We look forward to finalizing this ongoing litigation against Drinks Americas. During the time since we initiated this litigation against Drinks Americas we have seen their share price drop more than 99% and their issued and outstanding common shares outstanding increase by approximately 60% before the 15:1 reverse split that will go into effect shortly on their common shares, so we hope to complete this action before there is nothing left for us to go after or collect upon.”
Yes, a big bounce is surely in play here. However, I think it is bouncing in the opposite direction that you are referring to, and with a reverse split in process I don't think it will stop bouncing in the wrong direction any time soon...
This thing is sinking faster than a rock!
My broker says that trading time-outs are kicking in every 5 minutes because of the percentage drops on this flagged stock.
May see trading in the $0.001 range today.
Weeks go by and still no filing and organization is suffering...
DNAB Ticker still active. I guess management just wants a lawsuit.
Would like to see some recovery in value here before the holidays.
Interesting news on FO this week. 11% can really make a difference!
Good morning!
Let's see what happens this week!
Orders would not fill today, the spread was too wide and orders would not execute. This has to be corrected immediately...
I hate seeing you guys loose your shirts. That is why I have done what I have done, but many thought I had some other agenda besides finding out that PK is a bigger scam artist than he is a business man.
Look at my historical posts on this company and see the DD that I brought to the table.
SHAREHOLDERS SHOULD UNITE AND SUE DKAM!!!
Poor execution of the business plan...
Since you are new here (less than 1 year), you may want to do a search on my early posts about DKAM. I was once a huge booster of DKAM and PK. I believed the hype and drank the cool-aide. I was however enlightened when I saw what he was up to and now I push to show the truth about his DSKAM ways.
Look up some other Alcohol Beverage Companies here and see who the moderator is. You will find that I watch and invest in most all of them and moderate the bulk of them here. I also comment on them as I see fit. You seem to feel that I am a one trick pony, however in fact I am a thoroughbred investor. I guess by your posts that you are all in on DKAM and have no diversification in the industry.
Good luck to you with your 1/3 of a penny deal.
Here is a question to ask yourself:
If you saw a dirty penny laying on the ground, would you pick it up? How about if you saw 1/3 of a dirty penny on the ground with pigeon crap on it? Now you are getting the picture...
I have not done this in a long time, but have any of you clicked on the Drinks Americas Message Board link directly lately?
Besides showing products that DKAM is no longer involved with, and showing ridiculous information that does nothing but confuse potential investors and make DKAM seem like a large operation instead of 4 guys working out of a closet, it has the most priceless statement:
As was stated to us recently, "Buying this stock under 25 cents is a gift. A pure gift. In the next 12-24 months you'll be able to retire on 10% of it."
THAT IS THE FUNNIES STATEMENT I HAVE READ ABOUT A COMPANY IN A LONG TIME! RETIRE ON 10% OF YOUR DKAM STOCK IN 12-24 MONTHS!!!!
WHO "STATED" THAT? PK? RIDE-LOW?
I HAVE A BETTER IDEA, RETIRE ON SOCIAL SECURITY INSTEAD AND KEEP YOUR MONEY!
MODERATORS SHOULD TAKE THAT BS OFF OF THIS BOARD IMMEDIATELY!
It was interesting that they put directly into the reverse filing documents that they were worried about a hostile takeover related to their current activities.
Again, I am not a mathematician, so if this is incorrect then don't pummel me with insults, I am just trying to decode the DaKenny Mystery.
Use 1000 shares as an example in your calculator.
If DKAM only had 1000 shares outstanding, then PK through his Preferred C diluted everyone by 25%, or created a situation with 1250 outstanding if all converted, but he could not convert yet because the authorized count was limited, yet he could vote those shares to get the split through.
Then you take the remaining 75% of the outstanding (that was originally 100% before the Preferred C) and reverse it 15:1, leaving only 50 shares outstanding, then Preferred C will dilute by 250 more shares, leaving 300 shares outstanding in total once complete.
So in summary, if you owned 100% of all outstanding shares in DKAM before PK started this deal, you now own 16% of DKAM when the deal is done. Sucks for you.
I know that training pigeons does not require complex math, but if you intend to watch the dilution in this stock you will need a math degree and a calculator!
TWO MORE BOMBSHELLS TO GO!!!
Dodge is a VP.
They also have Fred Rosen on the board. He owned the largest retail liquor store in the world for 38 years running.
I guess he knows a bit about the business...
Dodge is a VP.
They also have Fred Rosen on the board. He owned the largest retail liquor store in the world for 38 years running.
I guess he knows a bit about the business...
Yes, just as you said in your post: this gives DKAM more time and more money...more time to operate selling barely enough to pay a light bill and more money from the sale of stock post split by PK to pay PK and his family, thus further diluting current shareholders to the point of oblivion.
The clincher for me was the fact that PK issued himself those Preferred C shares diluting all shareholders 25%, then used the shares to vote for the reverse, diluting everyone another 15:1. I am not a mathematician, but I think that translates to about a 500:1 reverse for a common holder as of the day before PK issued himself the preferred C.
Coo-Coo? Yes, anyone who continues to invest in this pidgeon turd of a company is coo-coo!
All my humble but once again correct opinion.
TWO MORE BOMBSHELLS TO GO...
The company has the responsibility to notify it's shareholders. Otherwise it is considered libel.
Mel & Darren will be on the hook for not doing their job.
Sorry guys, no PM here. DNAB must announce the date not the other company.
When are they going to turn off this ticker?????
Sucks for anyone who bought after that date.
What are they going to do for those unknowing shareholders who purchased the stock because they did not file to turn off the ticker?
Are you eating your words yet? Don't worry, there is still two more bombshells coming...
Is there another bond issuance here?
Keep going up DEO!
$.34 x $.48???
Closing out today: Bid $3 / Ask $6.
I think she's gonna blow!!!
Ying and Yang huh?
I thought that the Steve Dodge fellow is pretty much legendary in the business as well. 12 years running the largest distribution company in any control state is pretty good stuff.
You may be right again Kezz, I am not an attorney, but I think that the vast number of companies that are trying to do the right thing get shareholder permission before a reverse split. DKAM will likely not be one of those, and only the biggest shareholders will still have anything to sell at a drastic ratio. All of those with less shares would get only 1 share post split, which would likely be force purchased back from them at the going rate.
THE BEST PART ABOUT THE DKAM SPLIT IS THAT PK DID NOT HAVE THE VOTES TO APPROVE IT UNTIL HE ISSUED HIMSELF 20% OF THE COMPANY WITH PREFERRED C THEN VOTED HIS NEW FOUND SHARES AGAINST THE SHAREHOLDERS...HOW IRONIC!
Been doing the DD on the people who run the companies that I invest in.
This is a great piece on the CEO of LIQR, not about business but obviously this C. J. Eiras guy means business!
Watch the video:
http://www.news4jax.com/news/13963630/detail.html#video
Read the article:
http://www.news4jax.com/news/13963630/detail.html#story
I want to be one of these people:
http://www.lotusespritworld.com/EOwners/CJ_V8.html
Recognize some of the other cars?
Wow. IS ICNB out of business?
Wonder where MAX is employed now!
Not exactly. DKAM may have the authority to initiate the split in their corporate charter or additional permission in state by-laws, however the majority of shareholders must approve the action, and FINRA / SEC must both approve the action as well. You can't just push a button and reverse the stock 10000:1.
Bad news is based on my reading of DKAM docs, PK will likely have some sort of ability to do whatever he pleases without anyone being able to stop him.