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Re: Adam16 post# 38583

Friday, 12/23/2016 11:28:46 PM

Friday, December 23, 2016 11:28:46 PM

Post# of 58419

"How should Adrian address the debt issue? If debt was paid from dilution they would dilute 15 billion shares at .0001 and that would be terrible!!!! Dna is 1.6 million in debt based off of last filing!!"

Adrian was concerned about trying to clear the company's debt when he was considering selling the energy drink intellectual property because a debt free company would appear more desirable as a merger candidate with another company

Now that Adrian has decided to retain the energy drinks and try to take them back into production, as long as the creditors are willing to wait, I don't see any compelling reason to do anything about the debt until DNA gets enough revenue from sales to pay it down.

I think that the zero volume days of the market for DNAX has made it pretty clear to everyone, including Adrian, that the market will not support the sale of 15 billion additional shares.