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Tuesday, September 01, 2015 12:38:06 AM
Of course, it is also possible that he wants to dump another 500,000,000 shares of DNAX into the market to raise that $50,000 he needs to run another production run of DNA drinks. It is easier to sell more shares if the stock is OTC Current. Shareholders should be watching the Colorado Secretary of State's website carefully for an increase in the A/S.
I am really thinking that Mel did not file anything for so many months because he wanted to hide the current O/S and float as much as possible during the 5 billion+ share dilution that DNA has executed over the last year. Anyone with half a brain knew what was happening, but Mel needed enough buyers with a quarter brain to buy all of those shares, and could risk that there would be enough bargain hunters like me to buy at $0.0001 to move 5 billion shares.
I just know that legal actions can easily take years, and I have seen litigants spend millions to end up with a judgement of hundreds of thousands. So, you never know what may happen there. In the legal system, all normal sense of common sense and right and wrong often seems to go out the window.
A big question is simply where will DNA acquire the funds to pay for a lawyer? They MIGHT be able to get a lawyer to accept a percentage of the judgment or settlement in lieu of payment, but don't count on it.
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