DKAM APPROX 250,000,000 shares total
If 49% is Approx 125,000,000 shares then 100% is approx 250,000,000
In addition to buy in shares cash 1.5 mill will be paid. 125,000,000share /1.5mil is already over a penny
Drinks Americas Holdings, Ltd., Enters Into a Letter of Intent With Worldwide Beverage Imports, LLC, Expanding Brands and Production Resources
21 hours 40 minutes ago - PMZ via Comtex
GlobeNewswire
Drinks Americas Holdings, Ltd., ("Drinks") (OTCBB:DKAM), a leading developer and marketer of beverage products, announced today that it has entered into a letter of intent with Worldwide Beverage Imports, LLC. ("Worldwide"), which will result in Worldwide acquiring up to a 49% interest in the Company. Worldwide will acquire approximately 125,000,000 shares of common stock of the Company in exchange for sales and or importing and distribution rights of Worldwide products through a series of licensing agreements between the companies.
In addition to the shares of common stock for the distribution rights to each of the new products, Worldwide will make a capital contribution in the Company of no less than $1.5 million, through cash provided by the sale of Worldwide products by Drinks or otherwise. Upon the consummation of the transaction, Worldwide will have acquired an interest not to exceed 49% of the Company.
