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If the company(ies) involved are big, which I bet they are, then this has the potential to be a groundbreaking lawsuit. I bet DNAX isn't the only small player to get railroaded like this.
Look at the past year. For every sell there is a buy.
I see that the Fowlers are in a last ditch effort to hide their assets from the court. I think the judge has the power to suggest to DNAX that they should pursue the companies that were involved.
John, your post with the link to the lawsuit should be stickied. Hopefully a mod will get on top of it. Thanks again for the great find, it has cast a bright ray of hope here.
DNAX put it in their last update to shareholders, however they did not point the companies out by name:
http://www.dnaenergydrink.com/DNAenergy/images/stories/dna2015shareholderletter.png
Or will the Judge decide that maybe the company(ies) that he was working for need to help Mr. Fowler out? Notice that the docket states,"suggestion of bankruptcy." FL is a pretty conservative state. I'm guessing that the judge will issue a lengthy statement at the conclusion of the proceedings. If he suggests going after the company(ies), oh yeah buddy, game on.
His attorney basically told him, "Dude, you are so f!@#!@#ed here, uh how's bankruptcy sound?"
The Lawsuit is real. For the longest time there was speculation that it was BS. But now we know that it has progressed for a year, and that Fowler is now in a Checkmate situation. With the evidence that he left on the company server, he has no case and now has filed for bankruptcy at the last minute. Let's hope that this case (last appearance was Sept. 8 and it seems like they go 30 days or so between hearings) will lead to a case against the company(ies) that Fowler was working for.
Interesting that the Court calls it, "Suggestion of Bankruptcy," by the defendants. It seems like the judge has the option to call BS on the Fowlwers.
It seems like an admission of guilt. The last thing I would want to do is file bankruptcy, it ruins your life.
Fowler knows he's about to lose everything, so he's hiding money and claiming bankruptcy. This is a major indication of guilt.
Yep. How about his use of bankruptcy? Crazy tactic. "I don't have any money so you can't sue me." WTF?
Scroll down, you'll see that Fowler is using delay tactics. They've been going back and forth. He seems to be trying to use bankruptcy as an excuse/defense.
Nice work John! This proves that they are not just blowing smoke.
I.T. And social media are two separate areas. Social Media experts use IT to promote brand messaging, and they do need someone to do this for them, however at this stage they can't say much because they are probably worried that it will come off as hype and they sure as he'll can't go down that road again after the debacle with their last CEO.
The bottom line here is very simple. Anyone that owns this stock is locked in until DNAX either produces or folds. It's a bet. It's as simple as that.
Genius stuff right there. Where then do penny runner stocks start? I can't make up my mind about which is more intelligent: your post or the one that goes, " if this was so great then it would already be at a dollar." Apple was once at less than 10pps. What a bunch of dummies that bought it way back then, I mean if it was so valuable it already would have blown past 100 and split multiple times! Duh!
A poster claimed that they had left. I live on the West Coast , otherwise I'd drive by the place. That's why I posted the phone info. To me that's hard evidence that they have not left. Landlines generally stay put.
Go to their website and look at their phone number. See if it matches this record.
http://www.peoplebyname.com/mobile/phone_results.php
Landline. I just called it. You should do the same. It's active. If they moved, then the landline went with them.
All they have to do is lease an office there and announce it and we'll get a nice bounce. Now if they put something in cans and ship them to stores...well then we're airborne.
Could they be just setting up for a rebranding/merger? I know you live in the area. Maybe you can take another look.
Alright, from Oct 2014 I've added up about half a billion shares Outstanding. We're now at 4.5 B
These guys should have raised some serious capital by now.
I thought they raised it from 4.5 billion to 6. If it went from one to six, then that might account for the activity. Of course I know about it. I'm just saying that it doesn't seem like all the volume can be accounted for by the increase.
What if one of the theories proposed on this board about the activity over that past year is inaccurate? You know the one...that the company has been issuing shares, diluting the stock just to pay off bills.
What if Netcool's post is spot on?
What if the MMs have just been responding to the demand by "pulling shares out of thin air?"
What if DNAX is ready to roll?
I can't wait to find out.
The Sky is the Limit here. There are no guarantees, but I have a feeling that this is the place to be.
Will do, as soon as I figure out how to do it. I really like our chances here too.
I like your thoughts here Mike. I'm hoping that DNAX will eventually put the MMs into a major short squeeze.
I had to read it twice to understand what the writer to the SEC was conveying. In fact, I will probably read it again. I'm not pretending to be the smartest guy in the room. Key points: 1. The company never gets the money. 2. The MMs, are banking on the company never getting off the ground again.
The Unlimited Supply of Ones, has an interesting explanation according to a post made by Netcool. If that is what has been happening here, then it means that the Market Makers have been basically selling shares to the public that they don't own and pocketing the money. Their gamble is that DNAX will never get back on its feet. Now if DNAX does climb out of the pit, it seems to me that these naked shorters will have to pay a heavy price and that could cause the pps to really fly, IF DNAX does something substantial, like produce product and revenue again.
Here is the link that Netcool provided:
https://www.sec.gov/rules/proposed/s72303/rseitl121203.htm
Guess who is doing it?
451 Fahrenheit
Remember Mel and Mark both sold their houses recently. These guys are getting ready to go ALL-IN.
Don't feel bad about getting 2s if you can. I got 10m at that price
Send a congrat to them on Facebook and Twitter
Man, good catch, I checked just after the MNF game and it hadn't changed. You totally just caught it.
TWEET #DNAX @ all your stock boards on twitter. THIS IS HUGE.
MAKE IT TREND ON TWITTER!!! If you have a twitter account, start talking about DNAX. I am making the hashtag now #DNAX
the market cap for
Monster is baffling to me. I can't stand the stuff, but apparently a lot of people like it.
The other difference is that the original letter was addressed to Pink OTC Markets, which is incorrect. The second letter was addressed to OTC Markets, and it has the agreement letter attached.
2nd letter also has a letter of agreement between OTC Markets and the DNAX attorney in regards to current information. There is no signature for the OTC attorney, although there is one from the DNAX attorney. However, it is on OTC Markets Letter Paper and they did decide to post it to the DNAX disclosure and news service page.
IMO this is the final stage before it finally goes current.