Panache Beverage Inc. (fka WDKA)

[thesmalls]

there largest creditor is also their largest shareholder. it is no secret that they were cash crunched. i dont know what the future holds. the creditor may go ahead and put it into BK and get what they can off the sales of the assets (distillery and brand(s) ) and write off the rest of the loss. or they may recapitalize and/or do a secondary to raise cash and square up with those like yourself and "relaunch" the brands.

unfortunately - they have gone dark which means shareholders are not going to know much.

however, if you are going to take issue with the company - direct your ire to the past mgmt that ended up paying themselves exorbitantly while they put the company in the current cash crunch. frankly, i missed the increases in their compensation and i was relying heavily on how i saw the brands doing on shelves and speaking with distributors and bartenders where they focused their marketing. by the time i realized compensation was seriously askew -i had already amassed a large position that the daily volume simply did not allow me to get out of.