Drinks Americas Holdings, Ltd. (DKAM)

[Iceman]

Excellent call Longandstrong1 on your call of a wrong valuation of $1.00 per share Vs. $1000.00 per share on September 30th!!!

ICE

Longandstrong1 Member Profile Longandstrong1 Share Thursday, September 30, 2010 8:47:10 PM
Re: kezzek post# 49771 Post # of 49889
I also find it hard to believe that PK got $1000 worth of preferred for every dollar owed to him, or that the directors recieved $59 million worth of preferred. It would never become convertible or liquid. I expect to find out that the typo in question is in the original filing for the preferred.

Instead of..."Each share of Series C Preferred Stock will be convertible into the number of share of the Common Stock equal to the Stated Value of $1,000"

It should read..."Each share of Series C Preferred Stock will be convertible into the number of share of the Common Stock equal to the Stated Value of $1"