Replies to post #56670 on Drinks Americas Holdings, Ltd. (DKAM)

[FUNMAN]

You're technically right. They could still raise more than half a million dollars at that price.

I'm just thinking that from a practical point of view, if they don't have increasing revenues so they can start paying expenses with cash, before it comes time that they have to do another RS, DKAM will be long gone.

From another viewpoint, the diluted shares are either payments for services to vendors who do not have to disclose they are selling (so the shareholders really are paying the vendor), or they are management's shares, that they bought on the open market pre-RS (which I doubt they are selling). Otherwise the 30 Million authorized in the employee compensation plan was disclosed.

When the next 10Q comes out, we'll see how bad, or good it is.

[Spartak]

Remember, the shareholders didn't even get to vot on the one that just happened...

And that's another nail in the coffin of DKAM's shareholders. How can people not see that is beyond me. PK uses shareholders ONLY as a mean of financial support for his family and close friends. He didn't even ask them to approve R/S, came up with that idea to make preferred holders' (himself!) vote suffice and that's it. Simple business, but the most important - it works! All he has to do now is to play with % (ohh, he loves it!) and tell new "lemmings" how his business is developing (compared to 15K sales quarter, of course). But he'll never tell you that his present savior, Rheingold, is virtually unprofitable and his former savior, Mexcor, doesn't execute the contract (minimum payments).

I'm really sorry for Funman. He'll lose it all or most of it, just like ALL shareholders before him. No matter how hard he tries to catch the beam of light at the end of the tunnel with his analysis.