Replies to post #56490 on Drinks Americas Holdings, Ltd. (DKAM)

[griff100]

Yeah, but most of the others don't deny it, and try to hide it by gagging their TA.

[FUNMAN]

I understand that.

The situation I am referring to though requires an in depth discussion of another company which no one really wants on this board.

Their management had a history of fraud that was only discovered recently. Research proved their PR's were an exaggeration at best, or outright lies.

Then I learn this week they are paying to pump their company through a research company, and they are not delivering ... anything. They said they had world wide distribution agreements signed. Some of the distributors confirm the contracts. None can confirm a location where the product is being sold that they supplied. It's very complicated.

You and I both know that is not the case with DKAM. That other company is a complete fraud.

I'm drinking my Rheingold right now and watching UConn on ESPNU.

Right now all I want DKAM to do is sell more beer and take a realistic look at their expenses and tighten their belt ... as tough as that might be :-)


cargo_hauler Share Saturday, February 05, 2011 6:33:30 PM
Re: FUNMAN818 post# 56489 Post # of 56492

All public companies use dilution to raise capital... That's why they go public, so they can use stock to raise capital to expand operations. The only time dilution is bad, is when there is no resultion expansion of sales, or never any profits.

[Baileyuk]

So revenues have collapsed from a few years ago and we have no profits. All of this with massive dilution. I guess we confirmed that this is not good.