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Pitman is completely correct in that post.
"This CEO has been around for 10 months! Over that period, he went from promising drink back on shelves by 4th quarter."
"I agree Ed. Even if he did secure the lease. I would wait until after the NEW YEAR. To PR it."
So, what changed from the previous filing?
The reason that Adrian has a creditability problem is that he stated during his first conference call many months ago that he would have product out in "EARLY THIRD QUARTER."
Then, he moved that to "FOURTH QUARTER."
Then, he said that he would probably sell the energy drink intellectual property so he could buy some other unnamed type of business.
Now, he has decided to keep the energy drink product line and will relaunch next year.
If he had set a goal and met it, people like Pitman would not be so skeptical, but Adrian set several goals this year, informed shareholders that those goals would be met, and then he failed to execute each time.
2016 has been nearly a whole year of one failure after another.
Now, we should not be that surprised that all of these failures occurred. Adrian's background is NOT in the beverage industry. The odds last February were that Adrian was going to stumble around for a while as he climbed his learning curve, and that is what has occurred.
Shareholders don't like that Adrian is learning on their dime. However, it is also fair to say that Adrian has not taken that many of the shareholder's dimes this year because he did not increase the O/S that much considering what could have happened. The O/S raised from 6 billion to 7.33-ish billion.
He also did not execute a reverse split which would not have been a surprise from someone inheriting a 6 billion share O/S.
So, all in all, I give Adrian slightly positive marks for the year. He did not wipe out existing shareholders, and he ended up requiring time to climb his learning curve that he did not realize he would need.
It will be interesting to see how far into 2017 his learning curve extends.
I think that the odds are slim that with 8 days before the end of the year, Adrian will acquire space unless he already has a place chosen and the building owner is already running whatever checks needed to qualify a prospective tenant.
Even an apartment complex manager can take several days to complete the necessary checks, and they don't often work on a few of those 8 days due to holidays.
"Any OTC company that secures a purchase order would immediately PR it."
"He doesn't have a product run yet, and no orders. Why get a warehouse now?"
"What impact do you think it will have?"
So, does no one even care that Adrian amended the articles of incorporation this morning? There must be a reason for that action, and SOMETHING must have changed.
I would think that shareholders would care enough to try to figure out what is happening there.
"Will the DNAX drinks be produesd by
the distributers, or a plant of some sort?
and if so.... where is the plant located?"
No one is going to pay BILLIONS to buy DNA Brands, Inc. The business is worth maybe one-hundredth of that.
"That was DNA Energy Drinks, not DNA Brands or DNA Holding"
"$DNAX wow look at the volume,2s are up $DNAX"
What the hell was that? I am guessing someone just kicked themselves real bad!
"Adrian said this could easily be a sub penny stock."
"I feel something coming..."
"Why two weeks? Because that will put us in the fourth quarter."
"am i missing something here?"
"Ed... when the f bomb is Adrian going to have news coming out?????!!!!"
"If nothing is learned in two weeks."
Here is the "bookkeeper" for DNA Brands. As I suggested, they are not employees of the company.
Accounting/Auditing Firm
Mallah Furman & Co
900 S Pine Island
# 110
Fort Lauderdale, FL, 33325
United States
(Source: http://www.otcmarkets.com/stock/DNAX/profile)
"These next 2 weeks are most important to me..."
"what happened here?
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=124954205
DNA Brands Receives an LOI for the Sale of the Energy Drink Line
Aug 11, 2016..."
"He hired a bookkeepper months ago"
"DNAX has 3 EMPLOYEES a/o NOW!!!"
"HANG in there GUYS/GALS!"
"If the CEO does a R/S [Retiring of Shares] about 16 or 17 billions....then you will see the PPS go to the sky with an announcement of production....woooow."
"Oh boy, still 0000001 I see"
"And maybe Adrian can with that borrowed money buy up some of that os."
"That is exactly how it works. Just pay off the loans and do not let them convert."
"Ed the trader, You did one hell of a job
informing us with the questions we give about
DNAX and thank you for your answers. There is a bid
of uncertainly across the board of not
knowing what the real outcome will be about DNAX,
perhapes some positive answers you quote
would help ease the trust worthy of DNAX."
"New filing out today for the 25 bil shares..
http://www.sos.state.co.us/biz/ViewImage.do?fileId=20161689515&masterFileId=20071247858"
"Since this CEO took over he added an insane number of 19 billion shares."
"If Adrian just lets those 12+ Bil shares sit, the PPS will be .0001."
"If he uses 10 Bil and acquires a 10 mil company and the PPS goes just to .001, which scenario is better?"
"New filing out today...does it affect us? Thanks!"
"...do you think Adrian has what it takes to execute his plan... (?)"
"...maybe an email to the CEO..."
"In your opinion do you see this thing moving anytime from now to 6 months from now?"