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CEDC is a great operation in Europe, but their system of small warehouses dotted across the countryside would not work in the USA.
Hello again. Old man LiquorBroker here.
I still like this LIQR company, I see their trucks come and go, their drivers are happy, their employees are friendly and they seem to be moving a lot of trucks full of booze.
What more do you want from them?
Well at least the spread has tightened up on this puppy.
CEDC can't seem to find it's legs after this great depression has set in. Would like to see it back in the 30's.
DKAM rests it's redemption on a pidgeon. WOW is PK desperate.
LIQR Year end. It must have been a good year for them, I hear they bought that huge brewery down here in Florida!
Bill is doing an exceptional job running this show.
Another Friday, I see DKAM is still under a penny. Anyone going to blast this old man for complaining that PK has no friends in alcohol and now it seems he has no friends on wall street either?
Just spoke to my guys in TX. They said that Mexcor people not too happy with DKAM price or operations.
Soulds just like PK, promise the moon, deliver nothing, or 1/2 a cent worth of something in this case.
FYI Pumper people: Don't bother responding to this if you are going to Private message me about how great DKAM is or how you have insider information on how this thing is going to go gangbusters in 6 weeks.
Here is what I know, the people in the wine and Liquor industry have no more respect left for PK, and soon the people in the beer industry will feel the same way. PK is a master of making "stone soup" and his shareholders have paid for that soup dearly.
Looks like LIQR has held a pretty good price. Not enough volume though.
I don't think they have any of those promoter companies working for them.
BF needs some new products. Cherry flavored Whisky is not going to set the world on fire.
Just like I said a few months back, DKAM continues to go down in value, more than 50% loss since my last post. PK is a fool. He is running this into the ground. No one in the alcohol business has any respect for him. Now he has brought on a liquidation expert to help him profit from the shareholders losses.
Rhythm tastes great with beer or with pineapple juice.
I have no complaints about LIQR.
Rhythm is good stuff. Great in a beer. Innovative product.
Watched a 53' truck unload today at the State docks and go out of here as fast as it came in.
I remember when the CEO of this company was a sales rep for Finlandia Vodka in Orlando FL. Wow how things can change!
One more note:in FL where I work, Mexcor has about 70 brands registered for sale (www.MyFloridaLicense.com)
As I understand it they recently lost about 50 of them, so that leaves them in a pinch. Do all of you think that Mexcor is going to save DKAM when they are having trouble saving themselves?
Just wondering what people think about Mexcor because in FL they only have a few guys and their only other actual state is TX where they have more, but no where are they a major player (ranked 18th of 21 in TX for size of distributor)
Just asking, don't jump down my throat and kill the messenger, I am just an old man in the alcohol biz so go easy on me DKAM junkies.
PK has done it again. WOW! Under a penny and people are still talking about a comeback.
Shareholders need to get togeather. They have power here, and it should be used to protect what is left of this company.
I think we all should vote PK out of office just like a politician.
Well I don't know you so I really don't know your angle. I am long in the tooth for the alcohol business and these guys at Liquor Group are like the early Microsoft of the alcohol world.
Most distributors still hand write their orders from customers and very few are electronically sophisticated. These guys at Liquor Group are way ahead of the curve.
This bailment system they use is a huge advantage too.
That is they type of information I look at when it is time to invest in a company. I feel fine with my money in this company.
I guess not. He will let this vodka deal fade into oblivion. It is already happening fast.
The Oli-fant will not sell without money behind it. I don't understand how you guys think DKAM products are going to sell without real money to promote them. Liquor store owners want to buy and sell products to their customers that they see in Playboy, Maxim, Jet, Trade magazines, on TV and on the Radio. Why do you think people buy Captain Morgans? Because it tastes better than Rouge or other Spiced Rum? No, because it is promoted better than any other.
PK is an old dog just like me. Can't learn new tricks, so he will stick with the tricks he knows.
Sure can. Where do you live? $7 per 750mL bottle at my corner store. How many do you want?
Sure can. Where do you live? $7 per 750mL bottle at my corner store. How many do you want?
I have ordered 500 at $8 with no luck, moved to $9 and even $10 with no luck.
They are trading, under LIQRD, which I am told will go back to LIQR soon.
Now at $11 per share, so I guess I feel pretty good about my investment. How about you?
I belive that Trump donates 100% of his proceeds to charity for Trump Vodka royalties. He is not the one to blame here, it is PK.
This opportunity was blown years ago in my opinion.
Mexcor in FL has about 3 people working for it and has lost about 85% of their brands for distribution.
Trump Vodka is being sold at wholesale in FL for less than a bottle of Popov (Rock bottom vodka).
If you think Mexcor is going to save the day I can only say they must just have a job waiting for PK after DKAM fails.
Just my opinion.
All of the folks at Segrams got treated really well after the buy out. I can't belive that the guy invested his Segrams money into a garbage company (Vevendi I think it was called) and a company that creates garbage (Universal Studios).
PK does not even know who his distributors are according to one shareholder here, and I am not surprised. He is more worried about going to the Hamptons for the weekend then he is about making this company grow.
Trump will have to try and clean up this mess or he will just let the vodka fall into obscurity. Looks like PK stiffed the glass maker for the Trump bottles.
The folks at the distillery that makes Old Whisky River won't even ship a sample bottle without payment in full from DKAM because they can't trust PK as far as they can throw him.
He must be sitting in the sun too long in Miami.
I surely bought some. Liquor Group is doing what no other company in the distribution world is doing and I think they have a real shot.
93K volume today, wonder what is happening?
Polish market is softening in my opinion.
Frost isn't going to let this move until he is ready to retire.
Just an update for you, I have watched another 5 trucks this month heading to Liquor Group in IL. I watched 17 trucks unload to FL. I think you are missguided on your assumptions. But who knows, Lehman was AAA rated before they went down right?
My opinion is not for others to invest upon, it is for me to say and you to ponder. I am just an old man in the biz for too long to know better.
RILO787
I don't have Private Message service so here is my answer to your last question:
I am in FL, only FL, and have known PK for more than 15 years or so. I think he is in way over his head now, and I know everyone that is reputable in the business is not willing to touch Drinks with a 10 foot pole. They have just shafted one too many people, and some of which are power players like VICEX that own huge chunks of DEO, BF, FO and others both in the fund and privately.
PK should be mending fences and rebuilding trust rather than bragging about making a few hundred grand. That is peanuts in this business.
That is my opinion, good luck with yours.
I am new here, what could you possibly do to get banned?
Just wondering so that I dont get kicked off for being a mean old man!
Mexcor sub distributes to states other than FL and TX. This is the same thing DKAM was doing before Mexcor came around. I think that what Mexcor will do for DKAM is pay the manufacturer for the goods (i.e. Trump) then ship it to the state level customers, so the pie gets smaller for DKAM.
I know this much, they are no $20M company.
If PK is Patric Kenney, you are mistaken. He did not control Segrams. He worked at Segrams, but he was certainly not the master over there.
I doubt he even had access to the P&L's of the company. What a crazy company that was! THey used to do everything first class! Dinners, drinks, limos, hookers, you name it!
If you talk to him, tell him his favorite old liquor broker in FL says hello, but I am not in Orlando anymore.
This company wins everytime. Good management, brits.