Drinks Americas Holdings, Ltd. (DKAM)

[jonny1putt]

It's hard to figure.

Is 125,000,000 shares equal to 49% of the company? If there are 500,000,000 now, that has to be cut in half with a reverse to get close to 49%. And how do the convertible preferred shares fit into the equation? I'm sure Cabo and company got a good deal for themselves, but there's not enough info to see where stockholders stand.


J. Patrick Kenny, CEO of Drinks Americas, stated, "The addition of the products to our portfolio supported by the significant production resources provided by Cerveceria Mexicana and Fabrica de Tequilas Finos changes Drinks Americas' business model, supports rapid growth and expansion, and will enable us to reach profitability. We are very happy to have finalized the agreement and begin to focus on the expansion of the Company."

This will be a big deal if Drinks becomes profitable.