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I got a feeling that either Adrian is no longer there or he is in the process of getting booted, we shall soon find out.
Edthetrader, I love how you come in and break down the DNAX post and give us a little better view on how to look at what could be really going on with DNA Brands.
The company owes money to the same people that would be involved in the bankruptcy. So of accursed their not going to try and start with a Chapter 7 because that meaning just to sell off everything and shut down. What they are trying to do is probably get away with not paying us the regular investors back and receive some type of IRS credit and/or forgiveness, most of the original investors received their money when they was pumping this stock pretending to relaunch this company. That's why they're trying Chapter 11, so that they can wipe out existing shareholders (us). Reissue themselves stock and rinse and repeat the scam after laying low for a while.
This is one of the best post regarding the possible bankruptcy filing of DNA Brands, Adrian Mckenzie is going to get in a world of trouble once he pulls that trigger and bring down the so called original investors in the process. The number one question is why didn't the previous management file bankruptcy or why didn't he file when he first took over. This was a scam to collect as much money as possible through stock selling and didn't go as planned. It's going to have to be explained what happened to the money that he was suppose to be used for relaunching the company and why he needs an $80,000 salary with no sales. Also a bankruptcy filing will also disclose who the owner of this company is not just the CEO. Did anyone notice Adrian has not made any type of statement in a PR about possibly having to file bankruptcy and his name is no where on the document filed yesterday. It says it was written up by investor relations. Hmmm
I wish every investor here nothing but the best, but I just wanted to let everyone invested in GRMM to know what the officers did to their previous company. I have been following this company before it went public just to see if it would be a better company but right now I'm not ready to invest in anything associated with Darren Marks or Mel Leiner until they explain DNA Brands downfall a little more clearer.
Good Luck to everyone who choose to invest in Grom Social.
That's probably why he is trying to file bankruptcy because the SEC could already be close to closing in on this company or Adrian McKenzie.
Chapter 11 Chapter 7 either way the shares will be declared worthless and if we does restructure the company I can almost guarantee new shares will not be issued to us. In this particular case I think a reverse split would have been good for us current investors to get out with something. Him filing for bankruptcy no one with touch this stock like they on normal stocks. Plus this company has zero revenue so how can he restructure when he couldn't to it over the past 19 months. More then likely this stock will just be delisted.
I'm going to just let Edthetrader explain it to you when he gets on. I'm sure he will have an opinion, and school us all as to what all this means.
Wake up it's a scam to wipe out all the shareholders with the option of rebranding the company with fresh new investors to pull off a new scam, DUH
Why, are you even attempting to defend this company. DNA Brands is not General Motors your shares will be wiped out period and DNA Brand is history. All this guy had to do was execute the LOI if one existed and wipe the debt out, but it was a scam to bleed as much money from the company and shareholders as possible then file for bankruptcy so that we couldn't collect anything.
I would be very careful about investing in Grom Social stock. Darren Marks and Melvin Leiner, was involved in DNA Brands. They basically put the company in major debt by paying themselves more money then the the company was making and having stock issued to them in the form of convertable notes then dumping the shares on to new investors, then they up and left without warning going full time to Grom Social. Now that DNA Brands has been bleed dry the company is in the process of filing bankruptcy wiping out all shareholders. I wouldn't be surprised if the same thing happens to Grom Social down the road.
So why didn't you just sell the Drink Line when you had the chance to wipe off the debt Mr. Adrian McKenzie. Oh,I know why you never had a LOI, it was a scam from the very beginning.
They all stole money from the company and now is filing bankruptcy to cover it up. The debt they have is to themselves when they took money from the company that the company didn't have. Who pays themselves $80,000 plus when the company don't have any sales. The bankruptcy court shouldn't allow them to file but of a course they will.
So first he scams investors to buy this stock so the himself and note holders can sell their shares and pocket money. Now he files for bankruptcy to wipe us out. We can't even get out if we wanted to. Adrian Mckenzie you are a crook.
More than likely both, because this company has zero money to start this company.
Zero people is taking this stock/company serious, including the incompetent CEO Mr. Adrian Mckenzie.
Duh, the scam was not to be a long term profitable scam. The purpose of this whole thing was for Melvin Leiner, Darren Marks and others to recover money owed to them period. They all new this product could not be relaunch based on the real reason it was pulled from market in the first place. Let's just say if after expenses they collected about $500,000 through dilution. Instead of putting that money in their pockets they could have relaunched the product got some sales and slowly paid themselves back what the company "owed them", but that didn't happen because that was never the plan to truly do a relaunch. Adrian Mckenzie had to make it look like an actual relaunch, spend a little money, which never came out of his pocket, so that in case someone did try and report him he can show the SEC that he did try. Adrian did just the bare minimum not to get flagged by the SEC.
You must be new to the board. Adrian has already told us this is not going anywhere. The stuff on the website is old my friend. The energy drink relaunch was scraped months ago and the Meddical Marijuana so call business also fell through per his own tweet. You really need to do some research by reading the actual PR from the OTC website.
Where are you getting this information from? There is no PR getting ready to be released. Adrian Mckenzie is probably somewhere trying to come up with a new scam. I wouldn't be surprised is he trying to figure out how to scam the people who was effected by the hurricane down in Florida.
It wouldn't shock me if his is now trying to figure out away to scam the hurricane victims. #DNAX. IMO
So, did Adrian just give up, since no one is buying anymore of his lies??? No official PR since June.
Adrian McKenzie, Melvin Leiner, and Darren Marks are all workings together to cheat DNA Brands (DNAX) investors. Darren Marks and Melvin Leiner are now with this so called start up company name Grom Social and more then likely is over there trying to get people to invest in this so called start-up business that will never go anywhere in order to line there pockets with investor money. I typed there full name so when their name or company is Google my post may come up.
I agree with that 100%. Adrian Mckenzie couldn't get anything off the ground because Mel and Darren never truly signed over the full rights. All he could do was pump the stock for the original investors, primarily Darren Marks and Mel Leiner to collect money.
It looks like someone is trying to keep this stock down. Everyone set your sell orders high.
I'm glad to see the distribution deals being continuously added and the sales appear to be doing pretty good considering they did some reconstructing, but any thoughts on what may get this stock to really take off other than a major buyout, because it's looking like it still won't break a penny right now, even with better then expected quarterly numbers.
I agree the only way DNAX may run is by naming a new CEO. Adrian Mckenzie has destroyed any chance of getting a significant amount of investors to buy anymore shares by telling lie after lie.
Not true, the deal was scraped, per the last tweet. Adrian Mckenzie couldn't even get that off the ground.
I see there hasn't been a bid since Friday, obviously everyone is on to Adrian Mckenzie and his lies. Also, he may have slowed down moving shares from one shell scam company to another for now so not to be flagged by the SEC with all the large amount of shares being moved, yet the common shareholder shares aren't being bought during the heavy volume days.
Yeah, he's stealing money from his own company because he's not producing any type of service or product to justify a salary.
Market Makers, plain and simple, who are working with and or for these CEO's. I had all of my shares up and only a handful sold, then on that same day other shares got sold/bought ahead of mine without touching the remainder of mine. If mine was already in line ahead of others why would only a handful of mine get sold, but the others get skipped over. As for thisismynuttoo, I know for a fact my shares were up for sell way before his because at the time I put my shares up he was still on the bandwagon that this company was going places and legit, remember the challenges, lol, so why would any of his shares sell before the remainder of mine or others, don't the shares suppose to be executed in the order they were received. Fishy Fishy Fishy.
What happened to all the so called volume??? Duh it was fake all along. Crooks moving shares from one scan stock to another to defraud more investors.
That's exactly what is going on that's why our shares are being skipped over during this so called high volume. Read about Martin Shkreli, he just got convicted of Moving shares around to pay other so called defrauded investors. I have a feeling Adrian Mckenzie is doing something similar, that's why he is tied to so many worthless shell accounts, but I think they are paying themselves and leaving investors holding the bag.
The volume is not real. They are moving shares from one scam stock or company to another to pay each other and to create fake buzz to get real investors to buy that's why our shares or not being bought. Read about Martin Shkreli he was convicted of doing something similar along with raising the price of the HIV drug.
Set your sell orders high.
They're probably moving shares back and forth between their other scam stocks Adrian Mckenzie has to create fact buzz. You noticed no one said their shares got scooped up in that 50 million trade.
That's why if someone wants to sell, they need to keep their sell order above .004 and stop panicking when no one is buying the 4's right away. Just stay strong and force them to buy in the 4's so this thing will go up.
I know right. I can see this thing easily hitting a dollar or very close to it with all these distribution deals. Not to take anything away from the other deals they have, but I really like the Fiesta Mart deal. Being from Texas when our major grocery chain see a certain product they don't carry in these small chains like Fiesta Mart and it does well they work hard to get it in their store.
It's probably to clarify for a handful of people who don't read properly so not to mess up this new relationship with Fiesta Mart. When I read it, I didn't assume they bought Fiesta Mart, just that the product would be carried in their stores.
If these sellers let this break .003, we will fly.