Panache Beverage Inc. (fka WDKA)

[thesmalls]

This has been one of my more bizarre investments. I still dont know what to make of it. It remains very closely held so it wouldn't take much selling to drive it down. I still have no confidence that the capital group will reinvest. They have the most to lose but also may cut strings and recover what they can on the sale of the distillery and liquidate.

Wodka still is being advertised and in the stores in my market where they previously were (which was very few as I am in Michigan and not a key market). They are still very active on social media but that isnt really driving any expense.

The brands still seem to have value and if the distillery drives revenues on a contract basis until they regain the lost ground under the mismanagement - then the ship could quickly be righted. I wish I had confidence this would happen. Certainly wont read about it since they arent filing.

Interesting thought on playing chess with the filing to drive off remaining sellers. I havent sold any. Unfortunately my holeings were too large to make any dent/difference with the light volume and tanking price.

Still seems there is a lot more to this story than we are privvy to