Drinks Americas Holdings, Ltd. (DKAM)

[sneaky_peaky]

This absolutely has to be the funniest thing I have ever heard of!

So get this! LIQR forms contracts with companies. They ship their products to warehouses. When LIQR sells some stuff, they get it from the warehouse. But then they use the money to pay for other stuff...you know..it's called KITING. Then the companies say, "Where is our money?" Finally they stop shipping them products.

LIQR then turns around and finds them in Breach of Contract for not filling orders.

Now this is the hilarious part! This is what CEO's go to jail for in the big bad world of Wall Street.

They "liquidate" the supplier's inventory. But read the filings. It is "termed" liquidated as ownership merely passes from the supplier to LIQR. So, now LIQR holds that inventory AS their own in their warehouses.

What do they do? They IMMEDIATELY BOOK IT AS "OTHER SALES"!!!!

What other sales?? They haven't sold a thing!!!!

Then, they turn around and sell it to their customers in the following quarters, and book it as sales again!!

OMG!! It is a freak show!!! And we have front row seats.

P.S. Read the filings. They liquidate on paper. They do not send it to some flea market where somebody buys the identical amount of the cost of what they took from the supplier.

LIQR is so done.