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Do you know what this mean???
Also, if you are paying redchip for their services, why not take full advantage of them. Adrian was not prepared to answer questions he had not previewed in advance. I think Adrian is smart enough to know he was going to get some questions from some real players in the industry who he couldn't string along, like he is doing to the average investor, with his empty promises. The product is being released soon, The product is being released soon. I don't even think he would have released those slides if it wasn't a requirement for this type of conference. He probably regretting he ever got involved with redchip, because their making him put his money where his mouth is and do the actual work with their help to make his company succeed and grow.
That's all I'm waiting for, the 4th quarter report, the annual report, and possibly a PR naming the co packer he will be we working with for the "April Relaunch". Based on the color coded slide, he should be close to selecting a co packer, because the ingredients and cans has to be ordered by the end of February or 1st week of March at the absolute latest for an "April Relaunch" otherwise it's not happening. If Adrian don't come through this time I believe he is done, because he made up an entire chart that outlined what he is doing and completion dates.
That's hard to say because he mentioned he is working with consultants, and hired or will hire some staff. I don't know if the "two nameless consultants" negotiated any type of pay for there services or is just helping him as a favor, but I'm sure the staff salaries are factored into the $150,000 total,which could be for the entire year. If it is, $150,000 on paper may look like a lot, but is fairly reasonable, depending on how many people will be working with him who qualify for some type of compensation for their services.
What all do redchip do for these companies, because I went through some of their company list, and I don't see very much public promotion from redchip, if any.
I looked up what G & A meant. It's the General and Administrative cost. Here are some examples:
building rent, consultant fees, depreciation on office equipment, insurance, supplies, subscriptions and utilities. Salary and benefits attributable to corporate management as well as any legal staff are also classified as general and administrative expenses. Expenditures for research and development are usually aggregated in a different expense category.
The A/O means As of. Shares outstanding is 12.5 billion as of 1/20/17. The Authorized Shares are 25 billion. You can find that in for at the Colorado Secretary of State(SOS)
I was just about to post the same thing. Why do any start up business need $15,000 for shirts and hats??? And before any post it, I know DNA was out before, but since he is having to start from scratch he is technically a start up company. If he does want some shirts and hats to wear when promoting the product, all he need is solid color hats and shirts with the words DNA Brands, INC stamped or imbroidered across the front and/or back. At this time he don't need to be making up shirts and hats to give away because that money can be spent some where else.
I didn't even notice that, I don't even know what to say, LOL.
Actual it's cases of 24, it was also on the slide, so it would be 149,376 bottles for 6224 cases. Here are the slides:
https://image.slidesharecdn.com/dnasalesdeck2017-170124204051/95/dna-energy-presentation-8-638.jpg?cb=1485290501
https://image.slidesharecdn.com/dnasalesdeck2017-170124204051/95/dna-energy-presentation-14-638.jpg?cb=1485290501
Here is one of the slides that break down the timeline of when everything started and estimated completion dates. Right below each presentation on redchip.com website are the slides and you can actually scan through them yourself. I was able to save each slide and make them bigger when I viewed them. If this slide is accurate, Adrian should be getting ready to finalize what co packer he has chosen to work with.
https://image.slidesharecdn.com/dnasalesdeck2017-170124204051/95/dna-energy-presentation-11-638.jpg?cb=1485290501
It probably is a legitimate contest, but it's not clear on who submit the entries, the company, consumers, distributors. Regardless, DNA brands do have a good product and did not fail the first time around because the product wasn't selling. They failed because of poor management, and I'm not just talking about Eric Fowler. If this product have any chance at succeeding, Adrian will need to stop trying to expand the Brand right now, by trying to acquire other companies, and focus solely on DNA Energy Drinks. Otherwise he needs to sell this company to someone who can focus on making DNA Energy a success.
I said it before, and I will say it again, there is more to the story of how Adrian came to be in charge of DNA. If Darren and Mel wanted to get out of the business, all they had to do was sell it to someone who already had a beverage/food line and the resources to get this back on the shelf with their other products. Why turn the company over to someone who has zero experience in this field and do not have the resources to get this back in production without diluting the stock?
That's the real question you should be asking, instead of focusing on a contest. Drink contest are held all the time, ever heard of the Pepsi/Coke challenge. At the end of the day it's about consumer preference.
This is a potential SCAM, be very careful.
I had my doubts about some of your posts, but you are absolutely right.
Yes, he did say he would be calling him back later.
You are absolutely right, Adrian needs to do everything you said. I can see why all of these other companies he tried to create failed/never got off the ground, this guy is a complete loser. I don't know if he intentionally set out to scam investors when he got involved with DNA Brands, but that is how he is coming across by continuously pushing back the relaunch date. With all the dilution, I know he has the money for a product run and he can at least start selling this product online while he work on distribution deals. That way he can get some revenue on the books and show investors he is serious about bringing DNA Energy drinks back, which I don't believe is serious about.
I believe at the very end of the presentation today he said it was 12.5 billion. I have to listen to it again once it's uploaded, but I remember hearing 12 being mentioned.
Adrian didn't get disconnected, the announcer said there was a scheduling conflict/prior engagement. The bottom line is that it looked really bad for a company that is trading at .0001 not available for a live Q&A with the company who's job it is to promote their business.
I don't think he rushed it. I believe the presentations were suppose to be about 15 minutes, then about 15 minutes of live Q and A. I hope he does already have something in the works, because if he didn't, I believe he blew it by not being available to take live questions. Most people already see penny stocks as scams, and who is going to take him serious it he don't even have 15 minutes to answer questions about his product or business that's not even in production. In my opinion he needed those 15 minutes to let everyone know he is serious about getting DNA Energy Drinks back in the hands of consumers, and not just another penny stock scam. I don't care if it is repeat questions.
That was an old distribution deal, DNA do not currently have any current distribution deals that have been made public.
Adrian was not prepared to do a slideshow presentation. I don't know if he had to do this since he is new to RedChip and they were giving him the opportunity to introduce/pitch himself and his company, or if he volunteered. If he did indeed volunteer he's an idiot, because there is no way I would put myself, brand, or company out there, where millions can view without at least something definite. He couldn't even say that he's selling online and hope to get a distribution deal to be placed in stores. Even when the kids go on shark tank they have more sales then Adrian.
Didn't DNA have some type of distribution deal with Anheuser Busch, at some point? Maybe that's why Adrian was OK with mentioning their name. Maybe he thinks he can get that relationship back. In other conference calls he said he don't like mentioning names until things are finalized, or something to that effect. Did you all noticed how he still isn't mentioning the names of the people he is working with, but he was OK throwing Anheuser Busch name out and that has not been finalized and probably not even been in actual talks with.
Please go to Redchip.com at 1:00PM Eastern Time, to hear Adrian presentation of DNA Brands Inc.
I think when he took it over, it started off as a scam, but I think he now knows there is big money here legally. That's why he dumped Costley, and is now connected with RedChip.
I was thinking the same thing. This maybe his only time to be around a bunch of deep pockets at one time. He is going to have to be very clear about about what he is doing, not what he hopes and want to do. DNA Energy maybe a good award winning product, but that don't mean anything if the right management team isn't involved. He better have an actual production date set or even have some samples tucked away somewhere, in case someone that can actually help him the correct way wants to get involved.
Adrian's presentation is Thursday not tomorrow.
It's not just about a 30 minute presentation, it's also about networking. I'm sure there will be some big timers there as well, not just the people that are presenting. All Adrian need to do is get connected with the right person who wants to see DNA Energy succeed and it will take off. He don't need to be waiting around waiting for Coke and Pepsi to come knocking, because their are a lot of smaller name companies that are just as good, if not better.
OK, thanks, I will be watching. How he presents himself, and the product will either make or break this stock and the company. I got a feeling that someone is going to just buy this company out and produce DNA Energy under their own line, probably not Pepsi or Coke, but someone smaller that still have a good reputation. I think Adrian didn't execute the LOI, because it probably wasn't a very good offer once he really looked it over. I wouldn't even be surprised if it was Costley himself, because he has his hands in another beverage company besides the one Adrian was dealing with him on. I want say the name, but I can tell the people on this board do their research, probably more then me, LOL.
Adrian is scheduled to present at the Global Online Growth Conference that is being advertised on RedChip.com website. His date and time is 1/26/17 at 1:00 pm, not sure of the time zone.
That would be the best option, but he would need to give up being the CEO and allow the CEO of the other company to run everything, because with all do respect he may be good with numbers, but I don't think he is good at building a successful brand, just my opinion, LOL. He could possibly have another position in the company, or just be a shareholder.
I don't think it's the drink line, it's the management people are worried about. I believe a lot of people don't think the previous or current management truly cared about the actual energy drinks, just about lining their pockets. It also don't help when Adrian is all over the place as far as what he wants to do with the company, including turning DNA Brands into a holding company that has other products not even related to any type of drink or food products.
I also never understood, how can you acquire a so called successful company, to generate additional revenue when you don't even have the money for a first or even second product run.
Adrian himself said in an early conference call, about 5 billion shares of stock are in the hands of investors, so obviously there are people who believe in this energy drink, otherwise they could have cut their losses long ago and wrote this stock off as a loss.
Again it's the management people don't have faith in not the drink.
First of all if a CEO is commenting any type of fraud they're not going to say, when you call them up, "yes I'm commenting fraud and lying to investors". Secondly if someone is posting everyday, about the O/S, S/S, no product, and dilution, they need to either do something about it, or be quite. I personally have some current shares, and shares from 2013, way before some of yall even got involved in DNAX. I knew when I bought them it was a risk, but if someone have legitimate concerns about a stock, they do have the right to contact the CEO and/or the SEC. That is why they have a complaint department. GLTY
I understand what you are saying, and if you feel it's true, report them to the SEC so they will be investigated. Not everyone reads this board. GLTY
Why not report DNAX to SEC if anyone feels they're a fraud?
I guess it makes since to you that someone will take over a company with lots of debit, in a sector they have zero experience in, and no capital of their own invested. I'm sticking with MY original opinion, Adrian probably thought this was a company that he could just easily take over and liquidate for any type of profit, that's why he was all over the map in the beginning. I also believe that Adrian probably know sees DNA Brands as a company that can be a true success after hearings from investors and others who new how well DNA Brands were doing in the past before the management debacle.
Well said, I agree!!!
I think it is good to question. Anyone who blindly believes, or follow everything someone do or say, could be sitting themselves up for disappointment and heartbreak.
I agree with that, I think when Adrian originally took over DNA Brands, I believe he was going to treat this like the other companies that he took over and just get whatever he can get, probably through liquidation, but probably through research and speaking to different people he realized that this was an actual company that had been in stores and it could be a success. My other post was in regards to the comment made about the list of companies Adrian took over. I'm just a neutral poster.
We know Adrian takes on company's that have failed or failing, but the point I think is being made here is, how many of these companies has Adrian actually turned around or made into to a success, meaning better than they were. Do any one have any record of company's Adrian has put in a better position then they were in.
Here is some information I found on Adrian. He is also affiliated with the stock ARNH, it appears to now be worthless. You all can look up the ticker on Ihub message board to read the other posts, but here is a post someone else had wrote on ARNH Ihub message board:
Home > Boards > US OTC > Miscellaneous > The Automotive Resource Network Holdings (ARNH)
Mark Soloman is the guy to contact. I still have my preferred share certs just in case they are worth anything someday...highly doubtful. No one ever responded when I mailed them my proof of purchase.
Research Adrian McKenzie...he's the registered agent who took over for Kathy Roberton. Speaking of the devil...she's over at NSEH now lol..NSEH is .0001.
http://search.sunbiz.org/Inquiry/CorporationSearch/GetDocument?aggregateId=domp-p97000092145-517e3efd-9876-482d-bbae-7a41e2fd1dc3&transactionId=p97000092145-a48bd0fd-bdbe-4b15-8992-294a4bb064b3&formatType=PDF ;