Drinks Americas Holdings, Ltd. (DKAM)

[BuyonChance]

Im pretty sure all of this info is bogus. For some reason, it is difficult to get accurate data on DKAM's position numbers. From what I can gather by the SEC filings, Drinks has about 44.4 million common shares out, with another 30 million just issued through the Employee Program, and 165k in prefered C (which represent nearly ALL the voting power of the company). That last one worries me, because it screams "We dont want the shareholders involved for anything else than to give us money for our paper."

It looks like PK has about 28 million of those common shares, but I dont know where exactly the new 30 million are going... although my guess is that with all the debt and litigation, he's paying his lawyers with it... which would immediately liquidate it, hence the constant "sell" pressure currently in the market. But if thats true, why havent they filed with the SEC as a Beneficial Owner???

The other Board members look like they each have a few million shares, but nothing near PK's.

The only good indicator I can see is that PK DOES have so much stock... it tells me that he does still have an interest in making the company a success or lose all the value of his own stock. And even if he is paying himself handsomely, Im guessing hes doing the lion's share of the work to get Drinks into the black.

I have thrown alot of money into this company over the last couple years, and even if i dont get back to even, it would be nice to see a small company being built on the back of my capital. That would help ease the sting of cash burned in the fires of capitalism.