Drinks Americas Holdings, Ltd. (DKAM)

[P K G]

Best, most frank,report I have read on Drinks.Most encouraging to me.Tell it like it is. Not doing that has been a major problem and is the main reason, IMO, for the stock being "highly undervalued", as PK says.[ if in fact, it is undervalued].

Two wrong statements, however.
Number 1.

"Sales up 180% in three years". That would be 2007-2009. Correct?
Sales Y/E 4/30/07 were $6,084,520
Sales Y/E 4/30/08 were $4,509,000
Sales Y/E 4/30/09 were $2,214,557 for 3 Q's reported.

That's a big DECREASE in sales. I don't even see how they could have gone back to a low Q three years ago and come up with a increase. No way!

Number 2.

Willie Nelson's bourbon to be a strong seller.

The sales were 1700 cases per Q. Way under that now. Way under.

One statement I did like: "TV has remained in the market". Now that's telling it like it is. No hype. No misleading sales figures. "Remained in the market". That's what it has done. That's all one can say about it. Very truthful. "Has remained in the market".

THERE IS HOPE!