Investor, Software Developer, Entrepreneur
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You're completely right. It may be 1 bill, it may be 6 bill. We have no way to know. I was purely basing that on all of the "runs" we have had since dropping in this zone. If people are holding we are very high in OS, if they sold it all immediately after seeing no gain then we are much lower. But it is all purely speculation without seeing an official standing.
Of course I hope it is way lower than the 5 billion but I am basing that number off of what it would take for the company to pay off debt at a ridiculous .0001 price. Do the math real quick on previous debt / lawsuit costs, vs how many shares they would need to sell and it's not exactly pretty. What we need is financing and a new deal in place. I do hope we get it.
Actually, many investors ONLY purchase when there is high volume with no reason at all(hype / in+out). People have and always will continue to buy when they see volume spikes in the hopes of hitting that jackpot. And it can totally happen. It's also not illogical to think retail investors hold billions of shares of this stock with the hopes of it turning around. Without the actual numbers it is all purely speculation but I am positive on many of the 300mill+ volume days there were retail investors buying up 1's in an attempt to make a run occur. Now, did they sell a few of those back at 2 then dump them all back at 1? Who knows.
Based on the action I've seen here over the past year I would have to guess the OS is somewhere in the 5bill range right about now. Total guess based on volume and sentiment. And of course my fear just like many that come here is that the OS is approaching the AS and at that point what will the company (or should I say Mel since we can't confirm if anyone even works here anymore) decide to do? Add more? Reverse? Of course we don't want either to occur but the company isn't showing us any signs of the opposite either.
I think we all agree that the only thing that can turn this around and keep the price up is positive news from the company. Even if Mel came on today and told everyone the clinical trials have started I still don't see anything happening with the stock since this is 5+ months after announcing them the last time. We need real news, financing, distribution, news about whether there is any product actually left (3 flavors discussed in letter), what the mystery drink even is, new warehouse, ANYTHING other than "We may, we could, we'd like to, if, when, hopefully and yada yada crap. GIVE US SOMETHING TO INVEST IN!
Where does this say they cannot begin clinical trials before they secure funding? You to are guilty of putting words in their mouths.
Thank you. I can confirm this does indeed sound like the Mel I have spoken with multiple times so there may be hope still yet.
And they also don't make such a bold statement unless they are willing to follow thru on the plan. Mel stated over the next 6 months. How many months has it been? By my calculations we should be nearing the end of the 6 month cycle very soon. If he has not even started on the trials then I ask again, what have they been doing for the past, 5 months? If they seriously are only doing what you have laid out here, which is to allow investors to dig them out of their debt hole with absolutely no game plan after that then how can any new investor seriously think they have a chance of an adequate ROI?
I'm not asking for the moon here, simply ANYTHING such as, we are X% closer to being debt free, or anything dealing with distributors, the 3 drinks they have left, an update that the warehouse was indeed closed, anything... These are things any investor is entitled to.
We all know the postings here from MANY should be taken very lightly if at all so an update from the company is vital if we are to succeed in recovering. When people such as myself start losing faith it's a VERY big sign that hope is dwindling and an update is required.
We were told the company would file the 15-12G to save $ yet they would still keep filing and keep investors informed. I am still waiting.
Good point, although he needs to give us a damn update on the clinical trials since that was the only thing other than debt reconciliation that could be considered "positive". Are they actually moving forward? Was it fluff? These are the questions any potential investor that could actually make a considerable investment would ask and rightfully deserve an answer to.
I still haven't lost faith in the company but my patience is wearing thin without any apparent effort being displayed by management to move forward other than selling more shares and further diluting our long positions in the company.
While I agree they blew many opportunities, I'm still pissed that Mel hasn't publicly announced anything close to a positive outlook. I am confident there is zero shorting happening. That word gets thrown around in penny stock land WAY too often and I'd say about .01% of those claims are actually reality. The truth is nobody wants to throw anymore money at this until Mel shows he is willing to at least move forward. I have driven down to Boca on more than one occasion, spoke to Mel, viewed the warehouse (before it closed), posted pics, ordered a LOT of cases of DNA and handed them out around town and work.
Mel needs to show the same effort or I'm afraid to say all of the shares I have purchased here over the past couple of years are worthless. And yes, many were WAY higher than the current ridiculous .0001 bullsj!t.
WAKE THE F UP MEL!
Incorrect again. Please post your articles or proof that no distributors exist and they "sell nothing" or this is clearly hearsay.
Thank you for the incredibly insightful post as always.... You have obviously spoken with the CEO recently and have all of the updated information. Correct? Please do share when the CEO said they are "conducting zero business". Surely this is easy for you to find, correct?
Call him or email him. He does respond. But yes, I do agree a PR would be nice at this point.
I can confirm this is briefly what Mel told me as well although honestly I would appreciate another update since the last. Mel told me he had no intentions of shutting down which is why I've stuck around so long. Love the product and hope they work through these next steps.
OptionsXpress and Etrade are both letting me trade this ticker as well. Perhaps he needs a new broker? lol
Any pics?
Many realize the pps is .0001 and for a reason. Once again, nothing you've stated is TRUE or useful. Mel is restructuring the company as we speak.
Seriously though, what would anyone expect? It's a lotto play no matter how anyone looks at it until we get a real update from the company. I will admit at least there appears to be future development in the works which is still better than a couple of months ago when people thought this was bankruptcy bound. Time will tell but it's worth throwing a little at IMO.
No, we all thought .0001 meant the company was thriving and has billions in sales...
Everything on this board is someone's opinion and I have no problem hearing them all. I think we are all hoping it doesn't reverse split but of course nobody here could possibly know that for certain.
From what I can see, 2015 should be much better than the last half of 2014 for DNAX.
A reverse split is NOT coming anytime soon. Mark this post....
That was tough...
They sell energy drinks. Many of us have bought them and have been in touch with Mel personally. Please contact Mel directly if you wish to be informed.
This is completely hearsay and is not backed up by anything. Please provide proof of what you're saying so investors can be informed from actual facts.
"DNAX will be 100$ by the end of the year" holds just as much credence as statements as these.
ok...
Surely you took pictures?
A logical guess would be that they are negotiating with other distributors and are offering shares. This is entirely a guess but it would be a great selling point. I wouldn't want to be left behind though when they run out and people start holding all of their shares. We have witnessed this many times in the past with others and the price exploded upwards. I imagine the second Mel reports a distribution deal or production run is in the works then the entire view here will change and we'll see that pop up that everyone is expecting.
The PPS is at .0001
The company has plans to move forward. Expecting this to instantly jump up from .0001 to .001+ seems a little crazy and unexpected. Give Mel a little time to get some contracts together, then expect a jump at the 1st word.
All it will take is another production run with distribution agreements and this will fly again. Since Mel has kept the lights on this long I would imagine he has something planned or the entire current scenario would be ludicrous.
Why is this a better play than other bev companies in this industry? Make me a believer.
What is the current SS?
When can I buy any TBEV products?
Where is the product?
Should be a strong day here at DNAX! When the shares are all bought this thing will take off. Screw a short flip, we witnessed this thing take off in the past before.
A LOT of eyes are on DNAX now. I would except some funding news soon for the next production run! I see a major turn-around story in the works.
What were we thinking? A stock with a PPS of .0001 should have an elaborate storefront with Ferrari's parked out front? LOL. Their facility is actually MORE than what I expected from a ticker with this low of a PPS. The majority of the OTC "offices" are just a # on a building somewhere where 1 receptionist answers for 50+ different "companies". The building may not be "impressive" but it is in fact real and the products are real. That's a massive leg up from many of these sub pennies.
Check the math again...
Read some posts and you'll see what else is happening with the company involving new products and reportedly no R/S.
513,000,000+ shares traded for starters....
BIG things happening here folks!
2015 - NEW DNA PRODUCT COMING SOON?
As per the December 18 shareholder letter DNA Energy may have a new product coming soon and with a clinical study apparently right around the corner this may be something nobody here has expected.
Mel has informed other shareholders that a PR is due out soon. This could be about the previous order, new distribution deals, new production runs or even this new product going to trial. Only time will tell but I do feel this company has a much brighter outlook today than it did 2 months ago. Let's see what Mel has up his sleeve.
Look at that massive volume...
SHAREHOLDER LETTER - December 18, 2014
December 18, 2014 Shareholder Letter
Shareholder Letter
December 18, 2014
Dear Shareholder,
It has been several months since the last shareholder update where we reported the condition of the Company and the problems we are facing. Although we can honestly say some progress rectifying those problems have been made there is still a long way to go. Listed below is a summary of some of our progress.
The filing of the Form 15 with the SEC and our decision to alternately file with the OTC has greatly reduced our accounting and legal expenses, as well as to free up time for management to address the business of the Company.
All other operating expenses have been cut to the bare minimum.
Salaries have been eliminated through the reduction of personnel.
Payment arrangements have been made with most vendors and creditors, who for the most part have been understanding and willing to work with the Company.
Convertible debt which we were forced to accept has also been greatly reduced and could be eliminated early in the first quarter of 2015.
Litigation continues against the parties responsible for causing such great harm to our Company.
Senior management has funded the remaining obligations up to this point but additional capital will be need for our survival and growth.
The Company has just received purchase orders to sell a large portion of its existing energy drink inventory, with shipping to take place late December with 30 day payment terms. Although the Company will experience a loss from the sale of this product the results will eliminate costly storage fees and the risk of the product becoming outdated. Proceeds of this sale will enable us to pay-down some debt and allow us to explore new production opportunities. Plans for 2015, include the reduction of energy drink flavors from 5 to 3 and the temporary halting of coffee production while we re-establish a strong distributor and broker network, or in the alternative attempt to license our award winning products to third parties.
On a more optimistic note, we would like to move forward with the development of a new and fully proprietary functional beverage which is not yet in the marketplace. We have received the support from a prominent member of the medical community to do a clinical study at little or no expense to the Company. If we are able to secure adequate funding, which is not a certainty, we can have this product ready for market in 6-8 months.
We welcome any and all constructive ideas and solutions.
Thank you for taking the time to review this update. We would like to wish you all a very happy and healthy holiday season and a Happy New Year.
Sincerely,
Melvin Leiner
President