Panache Beverage Inc DE (CE) (WDKA) News

WDKA: inactive security. FINRA deleted symbol.

https://otce.finra.org/otce/dailyList?viewType=Deletions

WDKA SEC Suspension "due to a lack of accurate and adequate public information about the companies because questions have arisen as to their operating status, if any."

https://www.sec.gov/litigation/suspensions/2021/34-92362.pdf

Order:

https://www.sec.gov/litigation/suspensions/2021/34-92362-o.pdf

Interesting action as of late

makin top ticks strikes again..

.02 up, highest historic volume day just over 500k shares and hit .15

.015 on deck, possible dimes here!

$WDKA: Less than that



Its tooooooooooo easy



GO $WDKA

.012, a milly shares takes it to silver!

$WDKA: $0.005s going.........


Interesting here



GO $WDKA

These have been registered for awhile tbough few of them were ever produced. Is someone/entity trying to acquire the rights?

WDKA~~PANACHE IP HOLDINGS, INC. Trademarks, https://trademarks.justia.com/owners/panache-ip-holdings-inc-2718942/

WDKA~~https://trademarks.justia.com/owners/panache-ip-holdings-inc-2718942/

WDKA~~https://trademarks.justia.com/789/66/a-78966039.html

WDKA~~https://trademarks.justia.com/owners/edgewater-spirits-llc-3620559/

I have not seen papers. Did speak with company attorney awhile back and was supposed to get paperwork.

I am through posting on iHub due to the incessant fraud, having messages deleted with no explanation, and geberal BS on other boards and have requested my account be deleted. I will be posting on iHangout from here on out.

Stock down 99% from high. Lots of others are bouncing back!!!

Frugal MacDoogal Liquor Store at 3630 Festival Dr, Fort Mill, SC 29708 Phone:(803) 548-6634 had a full case but someone came in yesterday and bought it all.

I have not, sorry. Do you know what the group in Miami is doing using he court system some how as many investors have been notified with legal papers. A trustee or something?

I was in my local store this evening (SE Michigan ) where I first found Wodka and they had half a dozen bottles on the shelf. I asked the owner when they started getting it again and he said the distributor started carrying again. Couldnt get anything from the zip codes on the bottles and this could be old stock from somewhere else but I would be interested to know if they are back in production. Anyone else seeing product re-emerge?

ok - thanks.

what type of envelope - who was the sender? mail takes a little longer to get tome where i live. I will look for it.

It came out a few days ago. It had all of the shareholders on a list. It asked for claims info. against the company such as amount owed, etc. It was sent by a trustee in Miami who specializes in trouble restructuring.

i havent seen it yet but it could be buried in my inbox. when did you receive it and what info was it asking for?

if not comfortable sharing on here - you can email me at thesmalls on yhoo.

thanks

I got a mailing asking for info....there is a trustee in Miami taking it over now

my local package store in the small town in Michigan i live (45-50 min NW of detroit) had it restocked last week. not a huge mover but far from any target demographic the company ever had. owner had no idea how many cases the distributor had but said they had a small number of customers who go through it regularly.

company went dark on Twitter and then came back last week and then dark again. they still appear to be doing promo work so the lights are still on. last event on Twitter was Aug 7 and they had several tweets last week on Wodka feed.

my guess at this point is it is all tied up with Consilium. company stopped reporting and they were into this for $4-5MM.probably have had a couple lifelines since. distillery looked like it should start contributing significantly to top line with contract packaging. since consilium is primary shareholder/lender - my guess is they are looking to find a buyer and keep expenses very tight until then. if they were looking to continue, i would expect the promotions and SM to be considerably more active.

hopefully they pull it out. thought the brand/company had a lot going for them in terms of quality, pricing, marketing, and background. guess Dale got a little too comfortable and/or in over his head with other people's money.

When I was in Tampa I looked for it.....nothing

as of a couple months ago - the distillery was still running per a colleague of mine who went by. i asked him to stop by and make a call on them and see what was going on. he didnt get very far but at least confirmed they were open.

i am in the ohio, indiana, michigan areas. i only saw it in a select few stores as it was never a target area for them starting out. the store in Michigan i had found it in still had it as of two weeks ago but i didnt ask the owner how well it had been selling.

they are still doing events as of last week end where they tweeted about one in NYC (i think - might have been Miami).

does anyone know the distributors that carried the product for the stores in FL? ask any of the stores why they no longer carried it?

I assume the company still has the distillery and is selling bottles?

Has anyone received a mailer from Charles Cassell, Jonathan Bonder and Michael Romer removing the old directors from the board and these three filling their shoes? There might be some life here.

so this is what a $10MM cash infusion into the company a few ago leads to? james dale is a citizen of new Zealand and can hide from us authorities...shameful

It was nowhere to be found in Tampa and Orlando POOF gone :(

I wonder if Frugal McDougals in S.C. still has it

I was in FLA and it is very hard to find the brand now, it went from everywhere to almost non existent.

i thought Romer was turning it around. thought we would see an update to shareholders by now with an update on the two primary brands, the distillery operations, and where the company is at with Consilium. the longer it is dark the worse it gets for the outside shareholders as uncertainty mounts.

website is still active and while their SM is more intermittent - they are still doing events and tweeting.

hopefully they were able to keep Consilium in the game and/or find alternative financing as a bridge.

thought the sellers were gone. keep waiting to see if they push it back below $0.03 or if they keep it at the $0.039/$0.04

with 2Q ending today - it is time for an update from the company on how the first half of the year has gone.

they have resumed tweeting and are sponsoring events. distillery is up and running. new web site promoting both and specific attention on the production side.

time to update shareholders.

seller was holding strong at the $0.045/0.046 level but just dropped their ASK to $0.038. could be due to BID dropping as well that has been consistently at $0.035.

i had been consistently above the $0.035 up until recently and took whatever shares people wanted to sell. been buying some others that are going on sale.

looks like the website has been redesigned to drive more revenue through the distillery side and also to get back to their roots with Wodka and Alibi.

they should actually show some decent numbers if/when they start filing again (even if it is limited filing on pinksheets.com). since they have removed all of the useless overhead with past mgmt team and looks to have ramped up some Wodka sales again - it will only take incremental gains on the distillery side to bring them into the black.

big question is how vested Consilium is in the long term turn around/ramp up. if they remain committed, this could end up being one heck of an investment at these levels. wouldnt take much to put this right back in that $0.30-$0.40 range prior to the collapse.

if the ASK drops back down into the low $0.03s again - i will probably start buying aggressively again.

Consilium is the lender. Romer is listed as Interim CEO/managing director

http://ir.stockpr.com/panacheimports/management-team

New faces in various operational roles. No longer top heavy and non revenue producing titles. Good sign for shareholders if it continues.

Who is Romer, the private lender?

it has a rather low float as is or at least since last reported. most of the shares from past mgmt were surrendered back to the company. looks like those that wanted out have done so. still room under the AS to add should additional capital be needed. however, if they just get Wodka back to where it was and add several $MM in revenues from the distillery we will be WAY ahead of where we were two years ago when we were trading between $0.30-$0.50 when looking at the massive expense reductions from the ecec staff that was scuttled.

with several $MM from the distillery side producing around $0.30 or so on the GM side - the company could be in the black. need to see some updated numbers from the company since they went dark but so far - looks like Romer has done a good job moving this back in the right direction and the primary lender still is fully vested.

looks promising! I sure hope so....What we do not want is a reverse split....to clean up bad actors, a split would be necessary though.

i have had very few BIDs filled in the last several weeks and when they have been, they have been partial fills such as 1048 of 13000 filled on Friday. that was the only one i had filled all week. i have been going just inside the best BID shown and have had a mix of AON or open. the large sellers that were closing positions (or appeared to be) seem to be long gone.

after an absence on Twitter, they seem to be getting more aggressive and the new website looks to be geared equally towards teh distillery. i would like to see if they were able to ramp up revenues/contract blending on that end. prior mgmt didnt seem to have a clue on the operations side as that was a monster asset for the limited production they were committing to with Wodka/Alibi. has the new, leaner group figured this out?

looks like it is an old article from what i can find.

what did you think of the new website?

I couldnt find a newer instance on the web

I can't tell.

Story wont open. Did they renew/extend the original agreement signed end of 2012?

http://finance.oaoa.com/news/otc-markets/panache-beverages039-wodka-vodka-and-alchemia-infused-announce-national-distribution-with-ldv-hospitality/panache-beverages039-wodka-vodka-and-alchemia-infused-announce-national-distribution-with-ldv-hospitality-6190570.htm

http://welovewodka.com/

website coming soon.

new site is up. looks like a heavy emphasis on the distillery side. wodka and alibi both remain heavily emphasized/promoted. has a more professional and targeted approach then former site that played on the Wodka stereotypes to which it was trying to attract the audience.

i am not a programmer but it appears the company spent some serious time/money to put that site together. not exactly something a company would do if it was going under or trying to keep the doors open.

looking for an update from the company or returning to full filing with the SEC.

IR responded the countdown was for the new website that is in the works.

i asked for an update for 2014 results and they responded that they willprovide an update when results are available. didnt get much but wasnt expecting to. very little they can say.

the good news is Consilium appears to stillbe invested and interested in continuing. the distillery side looks like it is actively seeking new business/contracts from the site. i am trying to confirm some of this through another source to see what kind of feedback they get from the distillery/company on contract distilling/packaging pricing/capabilities.

I think we got punked.

LOL, well the new site is pretty. IR section is status quo.

Best to stay on sideline and watch.

http://consimllc.com/Consilium_Investment_Management/Real_Estate.html

Under the agreement, lender Consilium Corporate Recovery Master Fund Ltd. will not charge the default interest rate or late fee on $6.1 million of outstanding debt. Consilium could have charged 17 percent interest during the period of default, plus a late fee equal to five percent of a monthly payment. Consilium is secured by a second priority interest in Panache's distillery, plus interests and trademarks of the company.

In March, the company had previously amended agreements with Consilium to extend the maturity dates of several notes for $4 million, $1.4 million and $2.1 million. The notes now mature on May 9, 2017.

Another 30 min until new site. Hope there is an update for investors