Drinks Americas Holdings, Ltd. (DKAM)

[sneaky_peaky]

Here's a lesson to be learned by all. Pay attention, it doesn't get any easier.

HANS just reported earnings. $118 million in distributor termination write offs. A net LOSS of $23 million, or 25 cents a share versus a net PROFIT of $45 million or 45 cents a year ago.

That is an utter and complete disaster, and the stock is still $30. Please don't patronize me with higher sales, or journal entries, or ledger shuffling. It is a disaster plain and simple.

I will take this to mean emphatically that anyone who continues to sqwawk about what the DKAM CEO had for lunch today, or what a certain distributor ordered, or anything of the like to be pure BS. It is what we said it is all along. It is a start up with its normal growing pains like anyone else and will be treated as such. Anyone else is purposely talking the stock down for their own financial gains. Plain and simple and my considered professional opinion.