So, let's examine another reason DKAM should be going higher. We keep finding these and it is hard to continue ignoring them.
MDOR is a Canadian company that is doing business out of FL. Big red flag. They have TWO employees. Bigger red flag. The CEO? Well, he is actually...Chairman, Chief Exec. Officer, Pres, Principal Financial Officer, Principal Accounting Officer and Treasurer. Ouch! Enormous red flag.
The company had no sales for 2006, 2007, and 2008. Finally, the sales are coming in hand over fist. The last three quarters? Sales of $6000, $19000, and $40000. Can you just feel the love?
Unfortunately, last QUARTER, the company posted their largest loss ever...over $11 million. Since that report, the stock just goes higher.
The company is losing over 47 cents a share, has a negative beta, and revenue of 2/10 of a penny per share. It is trading at 65 times book, and 1162 times sales. They have $7.1 million in debt versus DKAM's $1.71 million.
As for the stock price? It broke out in the spring from a low of 15 cents to $1.75 and is currently tracking those highs again. The market cap is well over $80 million, or more than 10 times that of Drinks.
This is more representative of the pure crap and scams on the OTC and not Drinks. But it does prove what I've been saying all along. Stocks can go up for absolutely no fundamental reason. All they need is buyers. And it's just one more to add to the growing list of stocks that should be shorted and bashed instead of this one.
