DNA Brands Inc (DNAX)

[deadboy]

Newbie? Remember this as solid advice is very rare.

99% or more of sub-penny stocks are outright scams, and about 90% of them aren't even good about hiding the fact they are scams.

Even DNAX here. They had a good product on the shelves, albeit limited availability for most of it's history. It even had high profile advertising for a while. That said, whether Mel was ever completely on the up and up is up for debate. This company has certainly engaged in outright fraudulent behavior at times. The Coke announcement was nothing more than a pump and dump scam, plain and simple. I suspect even the current lawsuit is a sham to simply avert attention, which will be revoked or settled before ever reaching a real trial.

I hold a few million here from 0001, but it is throwaway money. It is doubtful anything ever happens here.