DNA Brands Inc (DNAX)

[Ed the Trader]

"I dont believe this.. why would the man want to go current if he done? And we no there is no new drink yet.. im sure he is waiting for funds before he does anything.."

I think Mel is just trying to get some buzz going among shareholders so that we will talk among ourselves for a while, and stop asking him for updates.

Some people here on iHub are acting like DNAX being current is some major accomplishment, and it is not. All that is required is that DNA management has to fill out and submit a form to OTC that includes financial data and some other business data. It probably doesn't take them more than a few hours to complete that form as they should already have most of the information from previous filings. Then, DNA management has to pay a lawyer to write a letter stating that to the best knowledge of the lawyer, the information supplied in DNA's filing is accurate. No one from OTC even checks to see if the filing makes sense. They have the letter from the company's lawyer vouching for validity of the filing, and that is good enough for OTC.

Given the high level of dilution of DNAX, there is no possibility that the mere act of filing this paperwork will have any impact on its PPS. Something more concrete will be required to move the PPS but the new filing to bring DNAX current will give the folks here something to yack about for a while.