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During the first day of RedChip's January 2017 Global Online Growth Conference, nine different companies got the opportunity to pitch their company's futures to investors.
Tomorrow, during the second day of the conference, Adrian will have the opportunity to pitch the future of DNA Brands to investors.
To gauge some sort of understanding of how the participation of DNA Brands in RedChip's conference tomorrow might affect stock performance of DNAX tomorrow, let's look at how the the tickers of the nine companies which participated in day one of RedChip's conference fared today:
Earth Science Tech
OTC:ETST
PPS @market open: 0.48
PPS @market close: 0.47
Average daily volume: 11,834
Daily volume today: 7,278
Joey New York
OTC:JOEY
PPS @market open: 2.73
PPS @market close: 2.73
Average daily volume: 131
Daily volume today: 0
Mag One Products
OTCQB:MGPRF
PPS @market open: 0.713
PPS @market close: 0.752
Average daily volume: 1,500
Daily volume today: 6,000
Pressure BioSciences
OTCQB:PBIO
PPS @market open: 0.1599
PPS @market close: 0.1600
Average daily volume: 101,549
Daily volume today: 254,991
MoneyOnMobile
OTCQX:MOMT
PPS @market open: 0.4977
PPS @market close: 0.5400
Average daily volume: 21,023
Daily volume today: 20,452
Interpace Diagnostics Group
NASDAQ:IDXG
PPS @market open: 3.96
PPS @market close: 4.43
Average daily volume: 1,220,611
Daily volume today: 393,686
KNOT Offshore Partners
NYSE:KNOP
PPS @market open: 22.40
PPS @market close: 22.35
Average daily volume: 55,504
Daily volume today: 105,289
Cogint
NASDAQ:COGT
PPS @market open: 3.90
PPS @market close: 3.95
Average daily volume: 101,356
Daily volume today: 180,013
Cancer Genetics
NASDAQ:CGIX
PPS @market open: 2.35
PPS @market close: 2.20
Average daily volume: 243,701
Daily volume today: 581,625
Anyone who provides any kind of investment advice or investment information has to include a disclaimer to say, "This is not anything real. Don't take this seriously." Otherwise, they would get sued every time anyone lost money following their non-advice.
It is like how in some states, in order to be sold to the public, sex toys have to be labeled as novelties. "Nope... this is NOT sex toy... just something to point at and giggle about for a laugh. However, don't even think about putting this near your sensitive parts because it will not be enjoyable at all."
That's right. The proper weasel words at the bottom of each PR makes it all okay.
Yes, the new DNA headquarters is located between a funeral parlor and a tattoo parlor. So what? This property obviously has a mixed-use zoning, and both of those businesses are legitimate.
I think that when Adrian partnered with Costley, he actually truly believed the B.S. that Costley fed him about being able to put the energy drinks back into the retail market by early third quarter of 2016.
Then, he realized Costley was a scam artist, and Adrian had to dump Costley and regroup.
In the process of trying again after the first failure, he learned a lot more, and learned it was going to take more effort and resources then he expected.
Early appearances are that Adrian now understands what it will take to reboot the business, and he is methodically taking the necessary steps. Only time will tell if that is correct.
That is awesome that you managed to bootstrap your business that way. You were fortunate that the equipment company was willing to finance your endeavors.
It is likely that the equipment company was willing to provide a loan because the loan was secured by the equipment which they were selling.
Unlike equipment, energy drinks are both consumable and perishable items. They cannot be used to secure a loan.
If there was a path for Adrian to obtain funding for production and the necessary supporting expenses, I am sure he would have exercised that path by now.
That would be a cute trick to pay back a loan in cash when the business has no revenue, let alone profit.
My point was that just because there already exist some CD notes, that does not mean that they must be paid off first before DNA takes on additional liabilities through the sale of new shares.
Whether it is newer shares issued, or older shares issued, there are still a sizeable amount of shares hitting the market with sell orders attached.