Drinks Americas Holdings, Ltd. (DKAM)

[Toxic Avenger]

What's the point? The company is deep in the debt hole and selling stock to private investors at 65% off the LOWEST trading price. They then turn around and sell to retail for a minimum 200% profit.
As long as they can find retail buyers, they'll keep buying cheap shares from the company and dumping them. Eventually the company will do a reverse split and start again.
Retail buyers figuring out the scam are the only thing to fear. Once that happens, the death spiral converts will stop funding the company and they'll have to file for bankruptcy.

http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=9852174
"On March 6, 2014 and on March 11, 2014, Drinks Americas Holdings, Inc. (the “Company”) entered into first amendment agreements (the “Amendments”) with IBC Funds LLC (“IBC”), to certain 8% Convertible Unsecured Promissory Notes (the “Notes”) in principal amount of $125,000 and $130,000, which Notes were originally dated as of November 1, 2012 and due May 1, 2013. As previously reported, the Notes were originally issued to World Wide Beverage Imports, LLC (“WBI”) on November 1, 2012. WBI assigned the Notes to a third party from whom IBC acquired the Notes.

Pursuant to the Amendments, IBC agreed to extend the maturity of the Notes from May 1, 2013 to March 6, 2015 and March 11, 2015 and to waive, if any, existing or prior defaults under the Notes and the Company agreed to (i) amend the conversion price of the Notes to the equal 35% of the lowest historical traded price of the Company’s common stock."