DNA Brands Inc (DNAX)

[deadboy]

Confirmation of $0.50 DNA on Big Lots shelf in Plantation on Broward Blvd.



As the regulars probably remember here, I am very negative on this company and see them as share sellers first and foremost. I have no dog in the fight here, but follow this since they are local to me.

It is interesting that they are on the shelf in Big Lots, but the price is obviously below their manufacturing cost. This is a total inventory dump. It would be better if they were in the Dollar Tree for $1.00, and that is saying a lot.

I drove by their office Monday and I think they may have vacated, but can't say for sure. I just drove through the parking lot without stopping. It was about 2PM in the afternoon and the lights were off. The broken down DNA van is now gone. The stickers are still on the door though. If I have time next week i will stop and see if it is indeed vacated. With them liquidating near expired unsold inventory, it doesn't make sense for them to keep the warehouse.

I see some people mentioning them hinting entering another market, possibly the MJ market. Are there any links to back this up?