Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
I don't think you are actually getting what Adrian is doing. The company owed/owes Andrew Tesley, Mel, Darren and others money. Instead of having them wait for revenue to come in from product sells (which may not happen), Adrian gave them a note which would automatically converts into shares and go in their accounts once they chose to execute it after the holding period. They didn't have to purchase the stock and they didn't give Adrian any money in exchange for the note last February like a regular investor would have, do you really think Andrew Tesley, Mel and Darren gave money to Adrian when the company owed them money, think about it. It didn't matter if there was a bid or not or which MM were on the board, because all of this was handled internal through the brokers and through a specfic MM. Once they received the stock they then slowly sell the shares back to the public, that's how they're receiving payment for money owed to them. That's where RedChip plays into all of this. Adrian retained them to promote the stock so new investors would buy for the note holders to sell.
It's not just inexperience, it appear that he is bad with finances. He's spending $1600 a month on a warehouse he's not really using (no product to store), he gave RedChip at least $45000 in stock (they did absolutely nothing but a couple of videos where he repeated a lot of the same things he said in PR's and CC), he increased the A/S to pay debt/by issuing shares of stock to note holders (didn't have money to pay debts any other way, so now the share structure is a disaster) and diluted stock shares to get money for a production run (because no one will give him a dime).
He say he came from the corporate world. Was he kicked out, because the person I just described does not come across as a person with good corporate experience. IMO
I know he won't hit the April 15 date, but as long as he has ordered those cans by next week I'm not going to make a big deal about possibly a two or three week delay from the date he quoted. The benefit of the doubt would be if he placed the order once the corrosion test was done, he could have ran into a problem that delayed this step previously. In my opinion this should be the last hang up with those cans (anything else would be total bs) and that process shouldn't take that long. Like slingwing1 said the can company should know what cans work with which ingredients and I'm sure the co packers know as well.
As far as the old SEC filings, I know what it say about how long each process will take because I'm the one who posted the link. Here is my original post if any one have questions about how we know that Adrian more than likely won't hit the April 15 deadline, but those cans and ingredients should have at least made it to the co packer by then or the week of.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=128845912
Nothing probably is/was wrong with the previous cans, but since this product haven't been produced in three years I could see needing or wanting to recheck certain processes. My thing is if the quality of the cans and/or ingredients needed to be re verified or adjusted why wait to the very last minute. A lot of this stuff should have been checked weeks if not months ago. Adrian has been in this position for a year and he just now realized adjustments may need to be made after three years.
And that's not working. I guess him trying to determine the type of Aluminum Can that won't corrode over a certain period of time once the liquid is put in isn't news that will make people want to go out and buy stock. That type of test should have been done weeks ago for an April 15 relaunch. However, to give him the benefit of the doubt a can order and ingredients should be placed by next week if that's where he is at in the process. He may not hit the April 15 date, but I can let that go, as long as an order is in place, because delays can happen.
If we don't hear that a can order has been placed by Friday or early next week since he is tweeting tedious details, I will know he is just stringing us along. It shouldn't take a week to determine what type of can the Energy Drink ingredients won't eat up and spoil quickly.
That's true but he's cutting it real close. It shouldn't take to long to determine what type of materials the supplier needs to make a can that will work well with the ingredients. I'm more concerned whether or not he has someone in place to make the product because a can order won't be placed until then. That's when we will know for sure product will be actually produced.
It's a test to determine what type of cans the product can be stored in. Depending on certain ingredients certain products have to be stored in specific cans and/or bottles/cartons. Like when the discussion came up about who made the cans before. Those coffee drink cans had to be produced by a specific supplier that canned milk based products because they had to have a special coating.
Obviously you all don't know what type of test this is, otherwise you would realize it should have been done weeks ago.
I think it's very interesting that all of a sudden you are trying to justify something Adrian may have did as not a possible crime. Hmmm
I don't know if what nut has is anything sufficient, but based on how he wrote certain things on this message board, I do believe he had conversations with Adrian, as have other people based on how they are wording certain things (you're reading my comment Green Bull Group right). I don't know what all will promote an IRS or SEC to take a person's claim serious and promote an investigation, but if anyone have knowledge of a possible crime on this level it's best to report it so that when things do come out these crooks won't try and use that person as their escape goat if their name also comes up in an SEC or IRS investigation.
I think it needs to reported to both. A person like Adrian will always try to weasel his way out with justification, but if multiple agency get involved they can compare notes as to what he tells each agency and if the stories don't match he can be up -hit creek. If you have concrete proof like you say and he can't twist your words to justify what he really meant, this hold thing can be big.
You may want to check your other posts, you were bashing as well. Anyways, If Adrian wants loyal shareholders he needs to show some loyalty to his investors and follow through with his so called plans. Some have been here longer than Adrian. Adrian chose to takeover DNA Brands and if he can't handle it or is just not qualified he needs to step down. And if he is scamming people just because he feel he can or out of anger because he don't like certain comments, guess what, there are still laws in place and it will just be a matter of time before it catches up with him.
That's exactly what I've been saying, Adrian never paid them in full, he's a greedy scam artist. I don't understand why anyone would pay $75,000 to RedChip anyway because I don't see much that they can do that others can't do, but regardless they told him the fee upfront and if he didn't like the price or couldn't afford it he never should have got involved with them.
As far as Mel Leiner and Darren Marks, those notes were issued on 2/1/16 so there was no action to take until around the same time in 2017. Remember we had that 2 billion dollar day on 1/31/17, I am willing to bet that was the day Adrian issued stock to them and a lot of the volume that happened days after that was them dumping shares. We had a lot of stock pumping going on around that time, as well as, that RedChip video was released.
Is Mel and Darren still apart of DNA Brands, more than likely yes. Adrian never bought the company in a cash sell and there is no documents filed with the SEC and probably not with the court or county advising they no longer have any ownership with DNA Brands. That also goes to my point, Adrian wants something for nothing. They already knew this company was dead and started looking for ways to recover money they put in. Adrian is being used as the front man to do whatever Mel and Darren is trying to do. Why else would they not have Adrian purchase the company in a cash sell if he really wanted to own the company. They could have gotten their money up front and all ties would be truly cut from the company.
Bottom Line this is probably one big scam involving Adrian Mckenzie, Melvin Leiner, Darren Marks, and who knows who else.
again my opinion
It sounds like this guy wants everyone to give to him or help him without ever giving anything in return. He's greedy, but also inexperience in how real business works. He was probably thinking if I give a few cans for free I'm losing a few bucks, not thinking about the bigger picture. Whoever this person may have been may have been willing to distribute the product or even got him connected to someone else for a distribution deal or even a buyout/merger, who knows, but no one is going to get involved with Adrian if they feel that he is only looking at how to get over on them.
That's what I'm talking about, Adrian is purposely keeping the price down so no one else can make a profit but him. He's not only a scammer he is also greedy. Like I said this guy is solely out for himself, I saw that when he was talking about investors flipping the stock. He probably don't want to give out free samples of product either that's why no one is interested in getting involved with him. He's been at this a year and no one is willing to take a chance on financing the company so he won't have to dilute this stock.
Who cares if a person choose to sell a stock they bought. So is he saying people shouldn't take their profit. This guy can't even get a business start up loan, but expect people to just leave their money tied up in this stock.
RedChip did not even keep him as a client for the six month minimum, that say a lot. IMO
People like Adrian give some of the legit OTC stocks a bad name. I have traded multiple OTC stocks, including this one in the past and made money. It's not always about what exchange the stock is on that make them a SCAM or NOT, it's all about the management and how crooked they are. I've bought a stock on the NASDAQ that turned out to be a scam. Some stocks have to trade on the OTC because they are under a dollar for over 30 days, but the CEO/management still appear to have a level of integrity. From everything I can see it appears that Adrian may have set out to defraud investors with no intention of a DNA Energy relaunch.
Correct, the second and third week of April. We should get some BS PR/Twit by then, but I don't even think that will work. Adrian don't even know how to play the SCAM game correctly. At some point you have to give, you can't just take take take and expect people to go along with it long term.
LOL, right.
Yes, you need to go underground because the more you try to defend Adrian, the more foolish you sound. Any stock can be a risk especially an OTC stock. And just to defend some of these other OTC stock (for just a minute) that may be considered SCAMS. At some point they will let some of the investors get a little profit before they screw them over, that's why you don't hold them too long. Adrian won't even let this stock trade on it's own. Just look at how many times this stock was close to hitting the 2's and then more shares are reloaded. This guy is only out for himself, and don't won't to see someone else profit, even a little, that's the real reason why a relaunch ain't happening. He wants someone to just hand him money without asking him questions regarding their investment or expect stores to just put the product on store shelves without even giving a sample to see if this is something that will sell. If Adrian wants to truly succeed he is going to have to also give and quit just being on the take.
All the proof is right in front of everyone to see. You just have to read, listen to and analyze the PR's, Tweets, CC, interviews, and all filings new and old. Nothing adds up that Adrian have good intentions. It's actually sad that his only way to make a living is by cheating others. I wonder does he teach his children and other family members that cheating others is the only way to get ahead in life. I know no one is perfect and at some point you may have to embellish the truth, but what he is doing is straight up ridiculous.
From what I'm hearing and can tell Adrian piggyback on ideas already out there when sending out the fake PR's. Why would a Solar Company want or need to merge with an energy drink company?
Also Tesla did a merger deal with Solarcity, so that's probably where he got the idea from. I guarantee the public won't hear about this possible merger. Why wouldn't he put out a press release saying that he was in talks with a Solar Company?
Losing RedChip is the nail in the coffin. If a stock promoting company don't want to be associated with you that's bad. He should at least put out a PR explaining what happened with that.
What are you talking about? The annual report was completed on 2/24. It was amended on 3/1 because it had the wrong year in one section. All of this is on the OTC website. The old ones are under inactive and the current reports are under active. The website is just not currently updated for whatever reason.
What does a Solar Company have to do with energy drinks??? I'm guessing he's back to dismantling the drink line.
Thanks for pointing that out. The IRS will care way more than the SEC and once they start digging they may even go back from the beginning.
Of course he was encouraging people to buy. He can't dilute without a buyer. If a person averaged down they were still out of money because this stock isn't going up, so you can't recoup the money you lost by buying to high. I felt he was a Con Artist when he said that on the CC. He will probably put out some BS PR since he read the board and volume is down.
I was actually was thinking the same thing, he will either just increase the number of shares again are just disappear. He knows most is on to him that's why he can't raise money if he was indeed trying to, but I don't think he was really trying.
From what I can tell is Adrian is more of a counselor for failed or failing businesses and gets a fee for whatever services he provides. He comes in appear to be there to help them get back on track, but it's not much he can do because they are already so far in debt by the time they call him. He knows this but still pretends to help just to get paid and/or sometimes the management may also only be looking to see what they can recover before it completely goes under. That's why none of the businesses he has been involved with that we know about has recovered.
I also don't believe that Adrian is truly connected to any of those businesses for a long period of time, including DNA Brands. Depending on what services he is hired to perform, he has to take on a certain role to make it appear that he is actually trying to help the company. That's why you can't and won't find any legal filings that both Mel and Darren is truly out and why Mel and Darren turned over the company to him with out an actual cash sell of the entire business. Let me put it a different way for the critics, Donald Trump cut all ties to his businesses to become president, but once his term is up in 4 or 8 years everything goes back to him.
The only chance this company has for survival is if a true buyout/sell or a merger happens. Who ever uses their own money or a successful company's resources to purchase another business will make a true attempt to make it a success. Adrian really don't have anything to lose because he did not actually purchase the company with his own resources/money. There is no way Adrian can relaunch this company on his own. Even though the RedChip videos have disappeared I still have the slides saved on my phone and the numbers don't add up to be able to run enough product that will make a significant dent in the retail market. At minimum he needs 100 to 150 thousand dollars for a small run and where will the money come from for future orders because most of the first run will be given out as samples to get his foot back in the door.
If Adrian was this good finance guy like he is trying to promote himself to be, he should have known there was no way he could relaunch this company solely by selling shares of stock at .0001, if his true was to really relaunch this company. That makes me wonder if he actually left the financial sector or was he booted out.
All my opinion
LOL, that wasn't a good analogy. You're basically confirming that Adrian could be pretending to have good intentions, but is really a scammer, or wolf in sheep's clothing.
Unless you are apart of a possible scam, how would you know information that can't be released to others, but at the same time want to release bits and pieces. Why bring it up at all??? Hmmm
We give Adrian a hard time because of all the lies he has been caught in; however I believe the ones who were apart of DNA Brands previously is/were in on the scam as well and once they are able to scam as many investors as possible they move on to another company and start the process all over again.
Here's a link showing a lot of the same people who were apart of DNA Brands now apart of another startup company called Grom Social, a social media site for kids.
http://uat.gromsocial.com/grom/en/team.html
Oh Wow, I didn't know they had taken everything down. I tried to Google RedChip and DNAX together and everything is removed or the links do not work anymore. Years from now after we all have moved on from this bad investment we could be sitting at home watching the news and Adrian Mckenzie pops up on it.
I would love to be wrong about Adrian because I don't won't to see people lose their hard earned money, but there are to many red flags with this guy. Every time someone tries to give him the benefit of the doubt he disappoints.
Anyone who at this point is still defending him is either a FOOL or apart of whatever he got going on.
He sending out tweets about other companies. but can't give his own investors an update about a production run. He can't give an update because it's not happening point blank.
Good Luck Everyone
Here is the link to my post showing Adrian e-mailed me about ARNH.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=126723829
I actually tried to buy some of that stock after the lawsuit was dismissed, but TD Ameritrade wouldn't let me buy, I never had that issue before. I haven't tried again and I'm not buying higher than .0002.
Adrian is involved in ARNH, I personally e-mailed him about that company. Go and look at My very first post on this this board to see his response.
Even if Adrian is possibly working on something else, which obviously has not been finalized, why not keep his option open and get samples to someone who could possibly get this up and running again. You never know what a person can do. What's going to happen is he's going to burn all of his bridges and no on is going to take him serious by still being all over the map. Most of the time you only get one shot at making a first impression.
DNAX and TBEV appear to be following the same pattern and both are coming across as SCAMS.
TBEV and DNAX appear to be following the same pattern and both are coming across as SCAMS.