DNA Brands Inc (DNAX)

[Pink Current]

This is why he lied IMO:

LIABILITIES AND STOCKHOLDERS' DEFICIT
Current liabilities

Accounts payable
$ 382,636 $ 405,854
Accrued liabilities
1,338,894 1,217,285
Current portion of convertible subordinated debentures, net of discounts
242,082 445,289
Loans payable, net of discounts
516,786 438,375
Conversion options, derivative liabilities
729,132 336,884
Loans payable to officers
3,757 3,777
Total current liabilities
3,213,287 2,847,464
Long-term portion of convertible, subordinated debentures, net of discounts
234,681 173,875
Loans payable to related party
42,150 67,150
Total liabilities
3,490,118 3,088,489

This company has MASSIVE DEBT and little income, regardless if the product tastes good or not....facts are facts.

MS99