Drinks Americas Holdings, Ltd. (DKAM)

[Toxic Avenger]

Actually, I believe this is the end:
"Upon the occurrence of the Increase in Authorized Shares, the issuance of the Initial Issuance and the Additional Shares, the completion of the Debt Satisfaction and the Reverse Split, the Company agreed to issue such number of shares of its common stock required such that: (x) Worldwide shall own 49%, (y) management of the Company shall own 35%, (z) two consultants of Worldwide, or their respective designee(s), shall own 2.5% each, of the number of shares issued and outstanding of the Company at such time."

Let's see, WW, 49%, PK+, 35%, consultants 5% = 89%

Everyone else is diluted down to 11%. Ouch.
Of course, since PK has control of the pref C super voting stock, the rest of the common shareholders won't have anywhere near 11% of the vote.
But 11% or 2%, it really doesn't matter much at that point. ROFLMAO.