This is why I See Tremendousl Potential In DNAX ..
This is from August 2014 statements..
".To eliminate costs the Company has filed a Form 15 with the SEC, voluntarily choosing to become non-reporting. This means that we will be able to save in excess of approximately $150,000 in annual auditing and legal expense. We can apply within 6 months to become reporting again if we should choose; Our common stock continues to trade on the OTC “pink sheets” and we intend to continue to file reports with the OTC Markets;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 are not increasing our ownership, only gaining voting shares. In order to service the debt on the books, the Company is increasing its authorized shares amount as allowed by Colorado law.We have engaged two beverage brokers to immediately move out inventory and secure new distribution channels; andSenior management is, once again, loaning the Company unsecured funds to continue operations.
While we have made mistakes in the past, none of our actions were done in bad faith. In reality, I do not believe anyone has suffered more financially and emotionally than us. 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. Please do not hesitate to contact us if you think you have any positive suggestions. We continue to use whatever resources at our disposal to implement our business plan. 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.
Sincerely,
Melvin Leiner
President
