Drinks Americas Holdings Ltd. (OTCMKTS:DKAM) Gets Promoted

The stock of Drinks Americas Holdings Ltd. (OTCMKTS:DKAM) has been sliding down the charts since the beginning of the month and none of the news coming from the company were able to reverse its direction.

The company is regularly announcing new retailers that have started or will start selling their mexican Day of the Dead craft beer and they also informed us that they will be attending several industry trade shows with a press release last week.

This, however, had no effect on their stock’s price, so someone decided to go for a paid promotion. As it appears, Robert Davis from Penny Stock Newsletters was paid $25 thousand for the campaign, which showed its results in Friday.

The touting led to a nice 38% increase and a close for the week at $0.018. We also saw some massive volume with 20.9 million shares change their owners, in term generating $369 thousand in trade value with DKAM‘s current price.

If the only way to make a stock move in an upward direction is a paid promotion however, things are really bad. Not to mention the fact that DKAM hasn’t filed even one financial report for 2013, which leads us to think that things aren’t looking good and they don’t want us to see that.

The company bragged about selling 30 cases in one week in NYC’s Dos Caminos mexican restaurant earlier this month, but when you think about it thats 720 beers for a week. Considering the fact that Dos Caminos has 6 locations in NYC that are quite large, this doesn’t sound like much.

All in all, craft beers are getting good reception, but there are just too many questions about DKAM which they avoid (financial-wise) and their stock remains risky, considering its movements are dictated by paid promotions.

We see MediaTechnics Corp. (OTCMKTS:MEDT) among the other stocks that had a good end of the week, with a 31% gain. Hemp, Inc. (OTCMKTS:HEMP) on the other hand, continued its slide with a 9% loss on a high dollar volume.