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Wednesday, October 01, 2014 4:27:34 PM
" In the meantime, we have taken the following steps to reduce costs in an attempt to keep DNA viable:
To eliminate costs the Company has filed a Form 15 with the SEC
Senior management and key employees have converted all of their unpaid and accrued salaries to a preferred stock with super voting rights, but no equity
We have engaged two beverage brokers to immediately move out inventory and secure new distribution channels (This action could generate the news we need)
Yet, we remain committed to our plan and our products
We are open to any other ideas which you may have that will allow us to move forward
We are also engaged in discussions with various financing sources, but as of the date of this letter no definitive agreement with any financing source has been reached" (This could generate important news)
I don't see the words broke or done in this letter. I would like an update as would many.
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