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The were incorporated in the state of Nevada.
http://nvsos.gov/sosentitysearch/mobile/default.html
You most not know who the MM diluters are. VNDM is a diluter and is showing first.
Maybe someone need to send an email/Tweet to Donald Trump about all of these OTC crooked CEO's and fraud companies.
The SEC is allowing these crooks to get away with it. There needs to be better laws put in place for these types of SCAMS.
All of these SCAM stock, must all follow the same outline. Different company same fluff PR's and crooked CEO'S.
In Adrian defense, he never said back onto retail shelves by April. Just a product run.
Correct, the scam won't be determined by the stock price rising or if DNA Brands fail after a relaunch. The potential scam will be determined weather or not Adrian actually makes a legitimate attempt to relaunch the company. All Adrian has to do is a have the product produced and attempt to get stores, distributors or consumers to buy/carry it. Anything that happens after that depends on how well it does.
I guess some are working hard to try and keep their posting job, now that no one is buying the bad DNAX pump job that was being done. Why else would anyone be so overly concerned about others opinions over DNA Brands, Adrian, or the DNAX stock and try to justify what a company is doing that you don't have a connection to and there are red flags everywhere. My guess, they are hired to get investors to buy a certain stock, but they can't do their job very well because Adrian is sabotaging himself with all the back and forth mumbo jumbo. They may not work directly for Adrian, but they're working for some company who pay them to post on a message board.
A company can't just sell stock to a new investor to pay an off an old investor or their debit with those proceeds. That is a Ponzi Scheme. Adrian will have to have revenue from a product or service soon to pay the company's debts, otherwise it's just a matter of time before this stock is shut down or sent to the Grey Market to die.
I'm not sure what everyone is missing. Adrian primary focus right now is to get the original investors their money back, primarily Mel and Darren, not to benefit us regular shareholders. Instead of arguing with each other, take time to read and listen to everything very closely he puts out. Most of the stock that has been sold is coming from the note holders, not Adrian. When Adrian hired RedChip to promote DNAX, it is primarily for the benefit of the note holders to sell (dump) their shares, not for this so called relaunch. If Adrian was truly interested in raising money for the relaunch, I would think he would have had more than $61,000 at the end of 2016, so obviously most of the volume was not coming from his dilution, but stock being issued from note conversion and selling of those shares. Adrian/DNA Brands isn't receiving most of that money the original investors are.
Now a product run may still be done, but it won't necessarily be for us shareholders benefit, even though some may benefit, it will be for the next set of note holders who's notes are set to convert around April 16 and April 26.
Also a run of some sort has to be done so not to alert the SEC that he/the company is collecting money from new investors for a product run and paying older investors, but not producing a product, which would be illegal. Adrian is doing the bare minimum to stay complaint. Everything could still be a scam, but he's doing it legally so far.
2 billion shares were not bought. All anyone has to do is read the annual report. Most of that was shares issued after note conversion.
And if anyone thinks that if any stock that have a 2 billion buy day and don't move is a good thing, that person don't need to be trading stocks or in business period.
What is the latest on this stock. It appears that a similar stock I have is following the same path as this one. Also some of the same people who have been on this board are also on the other stock board saying a lot of the same things they said on this board. Coincidence, I don't think so.
Everything you said is so true, I don't know why others can't see it. First off if anyone took the time to analyze the slides would know that Adrian can't do anything but a very small production run. At the end of 2016 he only had about $61,000. On the low end he needs at least $150,000 for a very small run, that includes can designs, ingredients, co packing fees, and delivery. Could he have raised another hundred grand, yes but when you factor in rent, utilities and other misc bills, that takes away from the amount raised.
Adrian will more then likely do a run, but it will be very small. He has to do one because he's collecting money from investors now for that purpose and if nothing happens at all it actually is a true SCAM.
Before, when he was talking about release dates it was just considered fluff and hopes because he was not actively diluting the stock (taking money from investors) for the purpose of a relaunch.
As far as will a product run make the stock go up, maybe, but it won't last very long. Anyone who can get out with a tick or two up better take the profit and not hold out for more because Adrian probably won't do another run anytime soon, unless he can get real financing.
Oh, I didn't think of it like that. You may be right. The link below explains Cellar Boxing for those who don't know.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=2543759
I know right. I don't know if that was a 360 or a 180. Let's see what tomorrow brings. Looks like Adrian may need to bring in some new DNAX stooges. LOL
Glad to see that others are in agreement that DNAX may now be used as a front to SCAM new investors and Adrian and his minions aren't doing a good pump job on fluff alone to get people to buy. Adrian may actually have to spend money and produce a product to keep the SCAM going. IMO
That's how the SCAM works, someone has to promote the stock to get investors who haven't heard of the company. In DNAX case not a very good job is being done. People may have been hyped in the beginning when he took over, but quickly learned he and the minions were full of it. No one is buying this stock anymore until concrete news break. The large volume is coming from the company, note holders, insiders and MM's trading this back and forth. The good thing about that is if/when a reverse split happens they will also get hurt, not just us.
If this turns out to be a BIG SCAM, this may hurt more than us regular shareholders. Adrian will more than likely be done and since Mel and Darren still have a connection to the company, the business that Darren's son has created, Grom Social, may become connected to all of this DNA Brands, INC mess. He's all over the net about creating a social media site for kids and both Darren and Mel is also apart of Grom Social.
This stock did not start out as a SCAM, and was a pretty good stock to day trade years ago. However, every since Adrian took over, so many red flags have came up indicating this company may now be used to SCAM investors. It would be a perfect setup because the product was previously in stores. If we do not get a product run by April, it will become clear. Darren and Mel sold the company for some reason, and more than likely because they did not have funding. So here comes Adrian no experience in the industry and no capital, wanting to takeover a failed business, WHY???
My Opinion
All the real suckers bought in months ago. No real regular investors is buying this stock right now. Most of the trades are between the company, note holders and insiders/MM's, trying to hype this stock. If the company/Adrian wants to attract investors first of all a product will have to be launched and allow current investors to make a profit (by stopping the dilution). No one is going to continue buying a stock that they can't sell for a profit at some point. No one invest in the stock market to solely lose money. And if he knows he can't relaunch with the company's current funding he needs to look at selling/merging the company.
To the ones who wants to reference the LOI. From my understanding from what Adrian said, the person who gave him the LOI only wanted to buy the drink line, not the whole company. If Adrian would have sold, the shareholders would still be apart of DNA Brands, Inc and whatever Adrian decided to turned the company into, that's why people were upset. DNA Energy would have been produced under whoever bought the line and we/shareholders would not benefit from whatever sales the new company make off of the drink line because we would not be apart of the new company.
So when someone hear me talk about Adrian should sell the company, I'm talking about selling everything the drinks, the debit, and the DNA Brand, INC stock shares.
Some may say no one is willing to buy DNA Brands outright because of the debt and how many shares outstanding. I don't believe that. There is always someone willing to buy, but what it is, they're not going to buy this company for several millions or billions of dollars with lots of debt and the fact that it once failed. If anyone was to buy DNA Brands outright, they would factor in how much debt the company has, the shares and make an offer based on that. Once you factor in the debit price and probably buying each share of stock at .0001 or .0002 there probably won't be much profit that Adrian would receive.
If I was in Adrian shoes and knew I could not get this company off the ground or keep it afloat with my limited amount of capital, I would sell for at least some profit, instead of being foolish and allow the company to crash and burn because I want to own a company even though I can't afford to at this time.
Oh WoW, I never looked at that word like that. The meaning apply in both scenarios.
After reviewing the annual report, it looks like at least half of that was probably notes that was converted to stock. As far as who bought them, I don't know. My gut is telling me that the company and/or insiders and MM's are trading this stock back and forth between themselves when the notes convert until they can get a sucker, I mean regular investor, to buy on hype, then the regular investor is stuck. This may not be the case, but why are we only seeing the large volume around the time shares are issued because of the note conversion. If someone really wanted to buy this stock in large quantities, wouldn't they also be buying on days other then when it's time for the notes to convert. The next set of notes are scheduled to convert the 2nd and 3rd week of April, let's see what type of volume we get then.
My Opinion
Regardless of what anyone thinks of Patriot opinions, the bottom line is something has to done about the share structure for this stock to move, in addition to getting a product out. What stock trades millions and don't move.
Even if a reverse split don't happen, it's just like one has already been done because so many shares have been issued and people are holding shares that can't be traded. Very few are buying so you can't sell, basically you have worthless shares.
And for the ones who say they did sell, how many commission fees did you have to pay to unload because you probably couldn't sell them all in one day? So either way your losing money; by holding a stock that can't trade back and forth because the SS is to high and because the company has no product currently for sale so no one is buying.
The only time there is large volume is when the notes converts to stock, but the price don't move.
Adam16 is the person who brought up the word merger, but never said a merger would happen. I only stated my opinion. Also can anyone find were I ever talked about the LOI, I believe I have always said that this company needs to be sold and/or put in the hands of someone with long term resources, because by Adrian's own admission he don't have the resources. I also said back in 2013 and 2014 I use to day trade this stock and made money before the crash.
So get the facts right and stop reporting FAKE NEWS. LOL
Never said a merger would happen. Responses were to the person who originally brought up buy backs and merger. Read all the post before getting into the conversation. A merger could be a good thing, so could a buyback, but with funds limited it probably won't happen. A reverse split is also not always a bad thing if the price that it was reversed split at can hold, but most CEO'S don't reverse split a stock for the right reasons.
However, if this company is ever merged more than likely the DNA stock will be reversed split before a buyback would happen. So many shares of the other company's stock would be given to us in exchange for DNA stock.
None of this may never happen they're all opinions. Adrian may try and continue to relaunch the company on his own or it all maybe a total scam. Hopefully we will find out soon what is actually going on.
Most people know what an opinion is and what the word possible mean and don't have to have a comment explained to them.
I only state my opinions which may change from time to time. I'm not going to say I'm always anti DNA or always pro DNA. There are people who will and have tried to justify everything what Adrian has done even though they know he lied, like they have a personal connection to the man and can't go against him ever.
I will commended him when he does something good like I did when he slowed up on the dilution and say that he is a possible scam artist when he don't deliver as promised without a sufficient explanation. I don't blindly trust no one. but will give them their props when they are do.
As far as a DNA merger, yes this is the best scenario, because I DON'T BELIEVE Adrian can make this into a successful business with limited funding. You can not continuously rob Peter to pay Paul and expect things to work out long term. How did it work out for previous management?
If Adrian is on the up and up, which is still up in the air, he will consider a merger instead of just diluting as much stock as possible to line his own pocket and the original shareholders pockets before letting this company crash and burn, screwing everyone else over in the process.
I got a feeling that if Adrian is on the up and up, DNA will be bought out or merged with a profitable company. I can't see Adrian being able to run this company without bigger funding. He needs to learn from the mistakes of previous management. I don't know about a buyback or just a reverse split for so many shares of the other company stock. I'm just ready for a concrete announcement of production or whatever DNA future plans are.
100% gain is not a guarantee and never have been. Let's first get a production run confirmed. If a production run don't happen this thing can be stuck at .0001. Also a reverse split could happen in conjunction with the production announcement or just a plan ole reverse split with no production.
A PR don't guarantee a stock price will rise. The problem with Adrian is he is walking a fine line of a possible scam with PR'S and Tweets insinuating that he is working to relaunch DNA Energy within a specific time frame and then nothing happens. No one is guaranteed to make any profit, however if he is using various sources to entice other to invest in a company with no intention of an actual relaunch he is commenting Fraud. I have given him until April before reporting this company as a possible Scam or Fraud.
Adrian don't have to give us day to day updates, but he is the one who put himself out there by twitting and PR'ing the smallest details of what is going on. Why would someone twit multiple tweets about clearing debt and PR'ing it? Also he twitted about working on a can production date and Pr'ing engaging suppliers. So yes, as soon as he has that information we would expect him to tweet and/or PR it. Anyone who has followed this company should see the many inconsistencies in everything Adrian has said and done, but some have "no choice" but to pretend like those inconsistencies don't exist.
I don't see how the first SKU will be out by Mid April if the cans and ingredients haven't been ordered and a CO Packer have not been confirmed. Adrian can send out random twits about SNAP IPO and Bitcoin, but can't update shareholders about the cans, ingredients, or Co Packer. He has been engaging Co Packers and suppliers for how long now. This whole relaunch has possibly turned in to a stock selling ponzi scam to pay original investors with new investor money. If we don't hear something soon or if the relaunch is pushed back once again then we will know for sure Adrian has no intention of relaunching DNA Energy.
Read the very last line. I think Adrian is trying to create at buzz and get buyers, because once someone buy tomorrow at .0001 the percent will be like 900% or 9000% and some may think this stock is popping, but it is just going back to .0001 and no higher than that. This guy will do anything the sell shares. IMO
At A Discount
What is 'At A Discount'
At a discount specifically refers to stock that is sold for less than its nominal or par value. At a discount also refers to stocks or other securities that are sold below the present market value, similar to a sale on goods at a retail establishment.
The nominal or par value for a security, which is detailed in the company charter, is the minimum price that a stock of a particular class can be sold for upon an initial public offering. Most states have laws preventing companies from issuing stock at a price less than par.
BREAKING DOWN 'At A Discount'
The nominal or par value of a stock arguably has no relation to the market price. In fact, many stocks today aren't even issued with a par value; and those that are often have values that don't in any way relate to the issuing price. For example, in 2012 Google's convertible preferred shares have a par value of $0.001 per share. Selling a stock below market value, on the other hand, is far more common and is typically done as a means of enticing buyers or creating buzz.
No, the market cap may play a factor when determining the valuation. The value of the company is the amount of revenue the company could possibly bring in minus overhead cost. Right now the company in considered worthless because there is no product for sale. If Adrian do relaunch the product, an evaluation will be placed on this company based on estimated sales minus expenses over a 1 to 5 year time frame. Also the Brand Name it self holds value, the more popular the Brand becomes determines the company's True Value along with the sales.
Oh, I forgot everyone aren't really traders, so they don't understand that for every million shares DNAX trade at $.0001 is no different than FB trading 1 share at $100. So if FB only traded 50 shares all day would that be considered a good slap, compared to DNAX trading 50 million shares. The amount of money they received for the trade would be the same. Like I said the number of shares is irrelevant, it's all about the price each share is worth. Real investors know this.
49,527,900=$4952.79, Nice slap, I don't think so.
Regardless of how many shares trade is pointless if the price can't move past .0001. Anyone who thinks less then $5000 in trades is good, is as delusional as Adrian thinking he can acquire a successful business when he can't even relaunch his own company.
Every time I turn away and come back. JCP has dropped even more. WOW
IMO, very few regular investors is currently buying this stock. If you look at the time the larger volume occurred, It's always around the time notes converts. Most of the shares are being traded back and forth between note holders and the company and regular investors are getting caught up between the crossfire when there is a spike.
If what I'm saying is not true this stock would already be at .0002 and possibly at 0003 just from the amount of volume alone. Insiders are controlling this, that's why this stock is not worth buying for now, with or without production.
My opinion
That is absolutely correct and if possibly true, why would Adrian even mention working with this individual at all. If someone is getting advise/information from an outsider or even an insider and can't reveal the name or source they wouldn't even dangle that carrot out there, so not to get themselves or that person in trouble in case someone do uncover who it is.
Adrian wants to paint this picture that he is working with this industry veteran, but not release details, why mention it, if you can't reveal who it is? My guess is this person isn't as great as he is eluding him to be or it's just to promote buzz to sell stock shares that could turn out to be a complete SCAM.