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LMAO. I just realized why DKAM is diluting more after the big announcement: Read the docs and see that DKAM must pay their attorney about $150K!!!
Let's all do the math: $150,000 / $0.003 = 50,000,000 shares that must be sold to pay the legal bill for their "victory" against a long dissolved company.
THAT IS FRIGGIN HILARIOUS! DKAM shareholders would have been better off loosing the case, at least they would have a new solid operator!
You da man. Thank you for your DD!
Devil is in the details...
Kezz,
To answer you question from the other board, (I only get 3 posts per day there):
Liquor Group Wholesale, Inc., a Colorado Corporation (LIQR) was listed in the Arbitration documents as the "Beneficial Claimant" in the case. I never knew what this meant, but now I think I do.
Essentially the DKAM contract was with Liquor Group Holding, LLC., that is the company that Gray Solomon owned and that contracted LIQR to do coordination of suppliers with. Since the DKAM contract was not with LIQR, LIQR would not be liable in any way, but they could still pay the costs to enforce the contract against DKAM since they were the "Beneficial Claimant".
Imagine if your Dad had a business that had contracts with other companies and was owed money and he suddenly died. If he left you the money due to his company and a limited power of attorney in his will but did not leave you his company, you could try to collect the outstanding monies and you would be the "Beneficial Claimant" in a case you filed against those who owed money to your dads company.
That is the best way I can describe it with my limited legal knowledge.
Liquor Group Holding, LLC. was administratively dissolved some time ago, so DKAM will likely get nothing. If DKAM would have lost, LIQR would have received the "Beneficial Interest" in the claim so they would have been paid by DKAM.
In the end, it seems that it was a no-loose situation for LIQR to attempt to collect under this claim.
The funny thing about it is that Liquor Group OVERPAID the arbitration fees, and DKAM is supposed to refund some fees (about $1700?). This is completely contrary to what others were saying that they had not paid the fees.
Funny how things come out opposite sometimes huh?
Hey Coach,
Yes PK did, a while back though. He invited me to visit him in CT.
Was not sure if I would be kidnapped if I went...
Notice unlike the PR, the 8K has the proper wording...Liquor Group Holding, LLC is the only company listed. Now go look up Liquor Group Holding, LLC with the State of FL...
WOW. I was wrong on one thing, and this is how the response is?
I am looking at the SP of DKAM, notice that it is only up a tiny bit even with that huge volume today, and the rise then fall happened in less than 1 hour. Go figure, some here say they made huge money on the flip.
I predict that the SP of DKAM will drop in the coming days, and I predict that PK will have made some more money from suckers who keep buying this POS. That is as much DD as anyone needs on this POS.
I will always admit when I am wrong. This one I got wrong. I will say that even the DKAM PR says Liquor Group Holding, LLC. which is not owned by Eiras, so it will likely have no effect on LIQR.
Again, as I posted earlier: I was wrong.
That PR was definitely confusing, looks like it was written by a law firm.
Johnny, what is the corporate name of LIQR?
Let me give you a hint: Liquor Group Wholesale, Inc., a Colorado Corporation.
Now, what company is the Arbitration award notice written against?
Here is another hint: Liquor Group Holding, LLC., a Florida Corporation.
Now, can you tell me how DKAM is going to get anything from LIQR?
Yes, that seems to be the proper motto for DKAM'ers, yeah, whatever.
Good luck with that rally, er, I mean, PK feeding frenzy...
I don't see them as opposite.
Liquor Group Wholesale, Inc. (LIQR) was not an active company at the time the contract was signed by DKAM, so DKAM must have contracted with the old operation Liquor Group Holding, LLC. which was owned by a guy named Gray Solomon. In fact, if you look on the PR section of LiquorGroup.com, the 211 with the SEC for LIQR to commence operations was not filed until after DKAM was already in play.
Since Solomon is long retired, I think the remaining shell company stayed in place for licensing reasons, but it is not in Eiras' name, does not operate from Liquor Group Wholesale's offices nor is it owned by any other Liquor Group company run by Eiras according to FL State records.
This begs the question: If Liquor Group Holding, LLC. is the responsible party to DKAM, then what if anything with DKAM get?
Note the lack of detail in the DKAM press release related to using the "Generic" term "Liquor Group" and no mention of the LIQR ticker symbol. This is because Liquor Group Wholesale nor any of Eiras' owned companies were charged with anything in the Arbitration.
PK just got some more shares sold today for the suckers that do not do their DD.
The two top guys that run the show will end up with all the money, and you like others will end up with stock certificates that can be used as tolet paper so you get some value and use out of them. IMHO.
I think you are sadly mistaken as to the end results.
One thing I never realized until yesterday's PR, if you look back at LIQR website, you will see that the LIQR SEC form 211 was not initiated until after Liquor Group was already several months under contract with DKAM. Liquor Group Wholesale had no operations prior to the 211 going active with the SEC. That is why Liquor Group Holding, LLC is listed in the arbitration and PR, not Liquor Group Wholesale, Inc. (LIQR).
Seems that there will be no winners in this deal, since Liquor Group Holding, LLC. was the company that was not run by and never owned by Eiras. It was the predecessor to Eiras' involvement in the organization and has no claim to LIQR or Liquor Group private companies owned by Eiras.
Don't say I didn't warn you...
Yep, I was wrong. I admit it. What more can I say?
I agree with you wholeheartedly.
I wish all the longs the best on this one!
Well I guess the arbitration is over.
It will be interesting to see the outcome on the stocks involved!
Thank you for the info.
I may know someone who would be interested. Wonder how to get a hold of the admin staff?
Wow! Bid of $0.10 and ask of $0.79! 500 shares of volume today!
This thing is going to da moon!
NOT.
I believe just as my earlier posts when it was at $14, that $10 is a value play. I filled at $13 and may get my $12's filled too. I have some at $11 and some at $10 just to see if they average down.
Their sales were off by over 10% and their repayment of obligations are not going well.
You never know what is going to happen. Just part of the excitement that is our stock market!
Had one already, was bottom fishing to grab more to average down, did not get hit.
Oscar De La Hoya promo may be good, he is very well regarded by the Mexican people. Hope it translates to more profits!
You looking good?
Does anyone know the structure?
I find it amusing that DKAM'ers think that LIQR did not pay the arbitration fees. I guess they are just holding on to the last vestiges of hope that DKAM is not going to loose the arbitration.
Perhaps if they just visited the American Arbitration website they would find that you can't proceed in a final arbitration until ALL fees are paid.
Too funny.
No news on LIQR vs DKAM. Here is an excerpt from my response to the Rumor Mill yesterday:
As I have said before, think logically about LIQR vs DKAM: LIQR allows the arbitration to delay as long as possible so that the case goes from being only a few hundred thousand in damages to $5.5M. The case gets delayed due to scheduling conflicts or other issues, but the time-line of damages continues until remedy (ruling of the arbitrator). When it is finally time to rule, there are millions at stake, and the life of DKAM on the line.
Meanwhile, DKAM only goes for a set $500K in damages.
Both parties would likely be ordered to pay damages in stock.
So what is $500K divided by $3 per share? 166,666 shares to DKAM, making them about a 1% shareholder in LIQR.
Now do the math if LIQR wins $5.5M divided by $0.0042, and you find that LIQR would be the single largest owner of DKAM above and beyond PK or anyone else. Since PK could not take any action legally to dilute LIQR in their position, PK would have to hand over the reigns.
Which do you think is more probable, LIQR not paying for arbitration on time because they could not afford the $10,000 fee (FYI LIQR CEO takes his Chauffeur driven Bentley Twin Turbo to work most days) or the reasoning I used above.
Do your DD. LIQR is probably licking their chops at Reingold progress as we speak, and any other good news for DKAM, because in the end it will all be theirs.
Just my humble opinion. Good luck though!
WHO WON THE EOM PRICE CONTEST FOR DKAM?
If the market overall has a bad day like yesterday, it could compound CEDC regardless of values. That is why I positioned the way I did. Let's hope for the best!
Thanks! I have orders in at $10, $11 and $12. I may get filled today.
I agree that it was likely an overreaction. Could be a nice play.
Is DEO out to buy CEDC?
Some rumblings about DEO making a buy at $25PS...
Check out DEO Board here.
I see the Asset Value at about $10PS. This could become a value play in the not so distant future!
Check out the board for the information you seek...
Griff, I saw this coming, see my prior posts, not good for CEDC. Other ALC. BEV stocks have already recovered from their hover positions, CEDC never did. The management is solid but they are not making the kind of revenues they need to make to get things rolling.
Could be a good uptick play at $14 to $21.